Hybrid Additive Manufacturing Machines Market size is expected to increase considerably over 2022-2028. This is due to the myriad benefits of hybrid additive manufacturing techniques over standard 3D printing and CNC machines, such as high tolerance and reduced post-processing and tooling costs. In addition, the escalating usage of hybrid metal additive manufacturing machines in end-use industries like aerospace and defense to meet the strict surface integrity requirements will also drive industry share.
Hybrid manufacturing refers to a combination of AM and subtractive manufacturing within the same machine that enables the users to manufacture metal parts and components in a single setup. This processing solution can significantly reduce errors, as the AM part does not leave one machine to be reset on the other machine.
Commendable increase in new car sales in the UK is one of the key factors proliferating the hybrid additive manufacturing machines market trends over 2022-2028. As per the SMMT (Society of Motor Manufacturers and Traders)’s data, registrations of new vehicles stood at 141,583 in the country, an appreciable increase from 4,321 in April 2020. This factor could impel the demand for the hybrid process in additive manufacturing for the production of metallic parts. Likewise, the rise of revolutionary technology like 3D printing for the development of complex designs and to ensure minimal wastage as compared to traditional manufacturing will also augment industry size over the coming years.
Based on end-use, the electronics segment will hold a major share in the hybrid additive manufacturing machines industry by 2028. This can be credited to the emergence of additive manufacturing as an effective way to cater to the needs of high-end electronics manufacturers, given its greater design freedom, low tooling costs, and accelerated time to market. The mounting shipment of personal computers driven by the remote working and learning trend is also a contributory factor to segmental expansion over the forecast spell.
Europe hybrid additive manufacturing machines market is anticipated to record substantial revenue by 2028, as a result of the growth of the aerospace industry in the region. In April 2021, Magellan Aerospace gained the approval to expand its aerospace factory in Llay in Wrexham, North Wales, which could fuel the requirement for hybrid AM process across this end-use industry in the region. Moreover, the growing number of routine operations and procedures in the medical sector will further stimulate the deployment of hybrid additive manufacturing technologies to develop medical devices.
Yamazaki Mazak Corporation, Okuma America Corporation, Matsuura Machinery Corporation, Siemens AG, Stratasys Ltd., DMG Mori Seiki Corporation Ltd., SLM Solutions Group AG, and Optomec are some of the key participants of the hybrid additive manufacturing machines industry. These firms are implementing strategies such as new product launches, collaborations, and acquisitions to drive their business footprint in the global market. For instance, in September 2021, Burgmaier extended its partnership with SLM Solutions with the launch of case-hardening steel 16MnCr5, and development of a hybrid additive manufacturing process using the SLM280 3D printer.
The implementation of lockdown measures in the wake of the novel coronavirus pandemic has adversely impacted several labor-intensive industries worldwide. The low-scale operations of the manufacturing industry have posed a negative impact on the production volumes. Factors such as these may have hindered the hybrid additive manufacturing machines industry in recent months. However, the recovery of passenger vehicle sales from the COVID-19-induced disruptions may help the industry regain traction, since the automotive sector is a significant end-user of hybrid AM machines.