Big Market Research has added a latest report, titled, “Global Additive Manufacturing Market 2016-2020” and it is anticipated by the experts that the industry would register a CAGR of 24.47% for the period, 2016-2020. The study is advantageous for the manufacturers as it provides information on the current and future market conditions.
The report offers an overview and scope of the global additive manufacturing market. It includes the research methodology to study the economic indicators of the industry. It highlights key advantages and status of the market. The research offers discussion on the potential factors that affects its industry, such as drivers, challenges, and market trends. The influencing aspects include increase in use of industry products, rise in demand of the automobile industry, and growth in production of direct parts. The threats of the market are high production costs, limitations of production process, and challenges from big companies. The experts studied the industry dynamics, such as rise in penetration rate, assistance from government & other organization, and increase in demand for aircraft engines from OEMs.
The report analyses the impact of the business scenario on the global additive manufacturing market. It discusses the manufacturer’s landscape on the basis of competitive spirit, vendor selection criterion, and impact of other prominent market players. The experts discussed manufacturers including Arcam, SLM Solutions ExOne, EOS, and Renishaw. The other significant vendors analyzed by them are Phenix Systems and Concept Laser. The research classifies the market into technology, end-user, and region. Based on the geographical distribution, the industry is categorized into France, China, Germany, U.S., Japan, Italy, and U.K. Based on the end user, it is classified into automotive segment, academic institution, healthcare industry, tools & mold segment, and aerospace segment. On the basis of technology, it is bifurcated into comparison of selective laser melting with engine business material (EBM) and comparison of directed energy deposition with powder bed fusion.
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The report enlists the abovementioned parameters of the global additive manufacturing market into exhibits. There are total 46 exhibits in it and each exhibit depicts different characteristics, such as one exhibit gives an introduction of the industry. The other exhibits explain classification of end user, technology, and region respectively. The revenue generated by the market is illustrated in exhibit 9 during the period, 2015-2020. Exhibit 30 and 31 highlight the drivers and its impact on the industry respectively. The analysis of each vendor is shown from exhibit 39 to 46.
The report highlights the advantages of the global additive manufacturing market, such as design flexibility, less wastage, short lead time, lower total cost of ownership, and less assembly requirements. It is prepared on the basis of in-depth evaluation of the industry by the experts. It covers the present market scenario and growth prospects for the upcoming years.