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Hybrid Additive Manufacturing Machines Market Size
Hybrid Additive Manufacturing Machines Market is expected to grow considerably from 2024 to 2032, driven by the growing awareness about myriad benefits over standard 3D printing and CNC techniques. Hybrid additive manufacturing machines offer high tolerance and reduced post-processing and tooling costs. In addition, the escalating usage of these systems in end-user industries like aerospace and defense is helping meet the strict surface integrity requirements.
A commendable rise in new car sales in the U.K. is also one of the leading factors proliferating the market growth. The rise of revolutionary technologies, such as manufacturing 3D printing, for the development of complex designs and to ensure minimal wastage, as compared to traditional manufacturing, will also augment the market revenue by the end of 2032.
Hybrid Additive Manufacturing Machines Market Trends
The growing sharp focus on Industry 4.0 integration is another major trend boosting the industry growth. The convergence of additive and subtractive manufacturing processes is seamlessly aligning with Industry 4.0 principles, further emphasizing connectivity, automation, and data exchange. Several industry participants are pooling their expertise and products to provide firms with a comprehensive end-to-end solution for additive manufacturing, overcoming the issues confronted while adopting and deploying the technology. For instance, in April 2023, Oqton, a software supplier for intelligent automation of production, formed an alliance with CASTOR, the designer of an automated software solution to assist businesses in identifying prospects for additive manufacturing.
Hybrid Additive Manufacturing Machines Market Analysis
With respect to material, the market value from the aluminum segment is estimated to garner lucrative gains through 2032. This is owing to the increasing usage of aluminum in manufacturing several industrial components and complex, lightweight structures. Innovations in hybrid machines tailored for metal fabrication are helping enhance capabilities, precision, and production efficiency.
Based on end-use, the electronics segment will contribute significant share to the hybrid additive manufacturing machines industry by 2032. 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. Additionally, the noticeable rise in the shipment of personal computers driven by the flourishing remote working and learning trends will escalate the segment gains.
Europe hybrid additive manufacturing machines market is anticipated to record a lucrative valuation by 2032, owing to the positive outlook of the aerospace industry in the region. The growing number of routine operations and procedures in the medical sector will stimulate the deployment of hybrid additive manufacturing technologies to develop medical devices. Moreover, strategic initiatives led by the EU government and industries to embrace smart manufacturing and the higher integration of hybrid machines will provide potential growth opportunities to the industry players.
Hybrid Additive Manufacturing Machines Market Share
Renowned hybrid additive manufacturing machine providers are sustaining their market share through continuous research, innovations, and strategic initiatives. These industry leaders are driving advancements, and are expanding their product application scope in aerospace, healthcare, and automotive sectors. To illustrate, Siemens AG emerged as a prominent market participant by providing innovative solutions and advanced technologies to integrate additive and subtractive manufacturing processes for shaping industry advancements.Top of Form.
Some of the major hybrid additive manufacturing machines industry are -
- Yamazaki Mazak Corporation
- Okuma America Corporation
- Matsuura Machinery Corporation
- Siemens AG
- Stratasys Ltd.
- DMG Mori Seiki Corporation Ltd.
- SLM Solutions Group AG
- Optomec
Hybrid Additive Manufacturing Machines Industry News
- In October 2023, Tritone Technologies, a metal and ceramic additive manufacturing equipment manufacturer based in Israel, partnered with ACS Hybrid to expand its presence and technical capabilities in the American Pacific Northwest.