Additive manufacturing market analysis & forecast report categorizes global market by material (plastics, metals, and ceramics), by technology, by application, and by geography
Dallas, TX -- (SBWIRE) -- 12/09/2014 -- According to the new market research report "Additive Manufacturing and Material Market by Technology, by Material (Plastics, Metals, and Ceramics), by Application, and by Geography - Analysis & Forecast to 2014 - 2020", published by MarketsandMarkets, the Additive Manufacturing Material market is estimated to grow at a CAGR of 19.3% from 2014 to 2020 where as Additive Manufacturing Market excluding materials is estimated to grow at a CAGR of 20.9% from 2014 to 2020, which includes an in-depth analysis of the market by technology, application, and geography.
The term additive manufacturing is defined as the process of making objects from 3D model data by using additive materials; it represents all additive processes, technologies, systems, and applications. The term additive manufacturing is also referred to as 3D printing. The global additive manufacturing market comprises 3D printers, printing materials, and service providers. The overall applications market comprises both rapid prototyping and rapid manufacturing.
Additive manufacturing can be defined as the process of making objects from 3D model data by using additive materials; it represents all additive processes, technologies, systems, and applications. It can be used to manufacture products of any geometrical shape with a wide choice ofthe material to be used. Hence, it is now viewed as the solution for production with less resources and fast output.
Browse 133 market data Tables and 97 Figures spread through 270 Pages and in-depth TOC on "Additive Manufacturing andMaterial Market"
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The global Additive Manufacturing Market is expected to grow at a high CAGR it has applications across sectors such as aerospace, automotive, consumer products, government and defense, healthcare, industrial/business machines, and education and research. Additive manufacturing makes it possible to manufacture a product of virtually any design complexity. Hence, it is very useful for producing highly customized products with high accuracy, such as a jaw implant for a patient or a critical aircraft component. It also minimizes the overall wastage of materials.
This report describes market trends, drivers, and challenges with respect to the global additive manufacturing market, and forecasts the market size from 2014 to 2020, on the basis of technologies, materials, applications, and geography. This global report gives a detailed view of the market across regions, namely-the Americas, Europe, Asia-Pacific, and RoW. The Americas dominates the market in terms of revenue generation, however, Europe has been growing at the highest CAGR in additive manufacturing market, while APAC is growing at the highest CAGR in the Additive Manufacturing Materials Market. Initiatives taken by governments of countries in the Americas to develop this technology are a major reason for its growth in the region.
The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, and agreements and partnerships across the value chain, with only a handful of tier-one players around the globe.
Major players in the global Additive Manufacturing Market include 3D Systems, Inc. (U.S.), Stratasys Ltd. (U.S.), ExOne (U.S.), Arcam AB (Sweden), EnvisionTEC (Germany), EOS (Germany), Materialise NV (Belgium), and MCor Technologies Ltd (Ireland).
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