Stratasys Ltd. announced the acquisition of Covestro AG, the nosiness of additive manufacturing materials. This acquisition will increase the research and development and will drive the sales of nearly 60 additive manufacturing materials, across the United States, Europe, and Asia.
Ford Motor Company announced the running of a 3d printer with Javier in the advancing manufacturing center. The 3d printer is been operated autonomously with the help of the mobile robot. This has enabled to run the 3d printer without any human interaction and has significantly reduced the prices of custom-printed products.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5009
Published Date: Jun 13, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising demand for low-weight automobile components, higher development of prototypes for medical devices, and increasing technological advancement in 3d printing are the major factors driving the market growth.
The market size of additive manufacturing is anticipated to attain a CAGR of ~21% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are EOS GmbH, BeAM Up Ltd., Wuhan Huake 3D Technology Co., Ltd, SLM Solutions, 3D Systems Corporation, Trumpf SE + Co. KG, Ford Motor Company, DMG Mori Co., Ltd., Farsoon Technologies, and Stratasys Ltd.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by material type, technology, printer type, end user, and by region.
The industrial 3d printer segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Lack of technical knowledge, and the high cost of the 3d printer are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.