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Hybrid Additive Manufacturing Machines Market is anticipated to witness a substantial surge by 2025

Author : Rahul Varpe | Published Date : 2019-10-10 

Hybrid Additive Manufacturing Machines Market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Hybrid Additive Manufacturing Machines Market. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Hybrid Additive Manufacturing Machines Market research one of its kind to offer the most in-depth, readily available data.

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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.

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 industry demand.

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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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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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