Hybrid Additive Manufacturing Machines Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Report ID: GMI4276




Summary Methodology

Hybrid Additive Manufacturing Machines Market size is driven by the increasing demand for hybrid systems due to the provision of both additive and subtractive operations in a single system across application industries. The combination of both operations offers powerful capabilities to companies incorporating new manufacturing procedures. These machines are capable of repairing damaged parts owing to intelligent features and significantly reduce the repair & maintenance cost. The new equipment comprises metal mixing features that reduce manufacturing expenses, adding up to the machinery demand. The metals aid in making smooth surfaces for the implementation of additive and subtractive operations. Additionally, increasing investments for intelligent production solutions to gain efficient performance and productivity are driving the hybrid additive manufacturing machines market growth.
 

High initial investments and implementation costs associated with the equipment are hindering the market growth. SMEs and manufacturing companies with low investment capabilities are unable to deploy the machinery. However, these issues can be overcome with government subsidies and financial aids offered by several governments for SMEs globally. Scaling and sizing of products is a limitation for hybrid 3D printing machines. The incapability to produce multiple items in a single process is an issue for these machines. The machines require skilled labors for operating them. In order to maintain equipment performance and eliminate system breakage issues, companies need to provide high cost and professional training sessions for workers. These training sessions and continuous servicing procedures incur high cost for companies.
 

A major trend adding up to industry development is the automation of these systems. Industrial automation in the form of robotics potentially rises efficiency by cutting post-production and time costs. The implementation of production software increases the effectivity of these machines and aids in managing the overall production process, creating a high product demand. Hybrid 3D printing on metals is gaining popularity due to cost-effective and time-saving options over traditional printing systems. These printing processes offer low cost and less manual intervention benefits, resulting in process efficiency. Moreover, the incorporation of this equipment in various industries aids in the reduction of adverse environmental impacts. These production processes release lesser chemical & hazardous pollutants and account for reduction in the carbon footprint. These systems are gaining a high demand due to the provision of CNC and laser cladding for the manufacturing of functional products.
 

Production application in the hybrid additive manufacturing machines market share is developing rapidly owing to the combination of metal additive manufacturing technology with conventional subtractive technology. The combination enables each process to work together on a single machine and saves much time required in separate machines for different processes. These machines are gaining demand in complex product manufacturing applications due to the provision of easy processes. The repairing segment in the industry is expected to witness the highest growth due to benefits such as the capability of self repairment, less time, and efficient process management. These features allow companies to save machinery repairing cost and investment in other competent parameters.
 

In the hybrid additive manufacturing machines market share, the aerospace end-use is witnessing rapid growth owing to the high requirement of producing complex & critical components by implementing additive manufacturing processes. These components are manufactured efficiently by incorporating hybrid printing technologies compared to conventional procedures. Aerospace solutions require lightweight as well as robust components capable of effective operations, creating the demand for this equipment. Additionally, the usage of hybrid additive equipment in automotive end-use for producing vehicular components, systems, etc., is expanding the industry. The high investment capability of automotive OEMs and suppliers for incorporating these machines is fueling industry growth.
 

The North America hybrid additive manufacturing machines market is expected to grow due to the presence of several major players and high consumption of hybrid 3D printing machines across all industry verticals. The continuous expansion of the aerospace & automotive industry in the U.S. is driving industry development at a rapid pace. Moreover, the Asian countries including China, India, and South Korea are witnessing high demand for hybrid machines due to the presence of a large number of consumer electronics & automotive manufacturers. The rising awareness of 3D printing machines that offer efficient production capabilities is driving the overall industry demand.
 

The key players in the hybrid additive manufacturing machines market share include Optomec, SLM Solutions Group AG, DMG Mori Corporation Ltd., Stratasys Ltd., Siemens AG, Matsuura Machinery Corporation, Okuma America Corporation, and Mazak Corporation. These companies have adopted various strategies, such as new product developments or innovations, mergers, collaborations, acquisitions, and partnerships, to sustain in the high industry competition. In February 2019, The Large Additive Subtractive Integrated Modular Machine (LASIMM) project announced the development and availability of LASIMM manufacturing machines. This equipment is built for producing construction structures using the 3D printing technology and is developed at an estimated cost of USD 5.7 million by 10 European Union partners.
 

The hybrid additive manufacturing machines market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2025, for the following segments:
 

Hybrid Additive Manufacturing Machines Market, By Product

  • Non-material forming
  • Biomaterial forming
  • Metal forming

Hybrid Additive Manufacturing Machines Market, By Application

  • Production
  • Prototype
  • Repair

Hybrid Additive Manufacturing Machines Market, By End-Use

  • Aerospace & defense
  • Energy & power
  • Electronics
  • Medical
  • Automotive
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 


What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


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