Hybrid Additive Manufacturing Machines Market Growth Rate and Future Opportunities over 2019 - 2025
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 hybrid additive manufacturing machines market 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.
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.
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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 hybrid additive manufacturing machines market 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.
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