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Hybrid Additive Manufacturing Machines Market - Future Business Trends and Revenue Forecasts to 2025

Author : Rahul Varpe | Published Date : 2019-10-24 

Hybrid Additive Manufacturing Machines Market study collated by Global Market Insights is a detailed sketch of the business sphere in terms of current and future trends driving the profit matrix. The report also indicates a pointwise outline of market share, market size, industry partakers, and regional landscape along with statistics, diagrams, & charts elucidating various noteworthy parameters of the industry landscape.

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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.

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.

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.

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Hybrid Additive Manufacturing Machines Market, By Product:

  • Non-material forming
  • Biomaterial forming
  • Metal forming

Hybrid Additive Manufacturing Machines Market, By Application:

  • Production
  • Prototype
  • Repair

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.

High initial investments and implementation costs associated with the equipment are hindering the hybrid additive manufacturing machines 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.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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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