Industry Background:
The hybrid additive manufacturing machines are capable of repairing damaged parts owing to their advanced features and significantly decrease the maintenance and repair cost. The hybrid additive manufacturing machine's new equipment includes metal mixing features that reduce manufacturing costs, adding up to the machinery requirement. The metals assist in making smooth surfaces for the implementation of subtractive and additive operations.
According to AMA Research, the market for Hybrid Additive Manufacturing Machines is expected to register a CAGR of 15.2% during the forecast period to 2030. This growth is primarily driven by Increasing Demand for Hybrid Systems Due To the Provision of both Additive and Subtractive Operations in a Single System across Application Industries
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Machinery & Equipment sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as 3D Systems, Inc. (United States), DMG MORI (Germany), General Electric (United States), Matsuura Machinery Corporation (Japan), Mazak Corporation (Japan), Optomec, Inc. (United States), Renishaw plc (United Kingdom), Siemens Industry Software Inc. (United States), SLM Solutions Group AG (Germany) and Stratasys Ltd. (Israel), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, Mazak Corporation, partnered with Oak Ridge National Laboratory (ORNL), a manufacturing demonstration center. They signed a Cooperative Research and Development Agreement (CRADA). Under the agreement, both firms worked under the sUS Department of Energy (DoE) to develop the use of Hot Wire Deposition (HWD) in additive manufacturing of parts.
In 2021, Mazak Unveils New Enhanced VARIAXIS i-800 NEO 5-Axis Machine The VARIAXIS i-800 NEO Vertical Machining Center offers an enhanced version of the popular 5-axis machine with powerful CNC, faster machining cycle times, extended workpiece capacity and more. automation options.The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Influencing Trend:
Industrial Automation in the Form of Robotics and Hybrid 3D Printing on Metals is Gaining Popularity Due To Cost-Effective and Time-Saving Options
Market Growth Drivers:
Increasing Demand for Hybrid Systems Due To the Provision of both Additive and Subtractive Operations in a Single System across Application Industries and High Demand Due To the Provision of CNC and Laser Cladding for the Manufacturing of Functional Products
Challenges:
Huge Costs to Provide Professional Training Sessions for Workers to Maintain Equipment Performance and Eliminate System Breakage Issues
Restraints:
High Initial Investments and Implementation Costs and Scaling and Sizing of Products Is a Limitation for Hybrid 3D Printing Machines
Opportunities:
Government Subsidies And Financial Aids Offered By Several Governments For SMEs Globally
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hybrid Additive Manufacturing Machines Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hybrid Additive Manufacturing Machines Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hybrid Additive Manufacturing Machines players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hybrid Additive Manufacturing Machines Study Sheds Light on
The Hybrid Additive Manufacturing Machines Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hybrid Additive Manufacturing Machines industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hybrid Additive Manufacturing Machines industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.