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PUBLISHER: Grand View Research | PRODUCT CODE: 1300987
PUBLISHER: Grand View Research | PRODUCT CODE: 1300987
Hybrid Additive Manufacturing Market Size, Share & Trends Analysis Report By Material (Titanium, Aluminum, Steel, Nickel, Others), By End-use, By Region, And Segment Forecasts, 2023 - 2030
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Hybrid Additive Manufacturing Market Growth & Trends
The global hybrid additive manufacturing market size is anticipated to reach USD 948.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 22.2% from 2023 to 2030. The growing adoption of hybrid additive manufacturing in the aerospace, medical, and automotive sectors is anticipated to propel the market growth.
The growing demand for customized products across various industries has led to the development of new manufacturing methods, including hybrid additive manufacturing. This technology combines traditional subtractive manufacturing with additive manufacturing methods to produce complex, high-quality, and customized products. In addition to customization, hybrid additive manufacturing offers other advantages such as reduced material wastage, improved production speed, and reduced costs.
The COVID-19 pandemic had a negative impact on the market for hybrid additive manufacturing. The pandemic disrupted global supply chains, leading to raw materials, components, and equipment shortages. This has affected the hybrid additive manufacturing sector, as many manufacturers rely on imported materials and equipment. Despite the challenges, the pandemic had also accelerated the adoption of additive manufacturing in the medical sector. In 2020, the Dubai Health Authority (DHA) announced that it had used 3D printing technology to produce 60,000 face shields for healthcare workers in response to the COVID-19 pandemic. The face shields were produced using a 3D printer at the DHA's Innovation Centre.
Hybrid Additive Manufacturing Market Report Highlights
- Based on material, the titanium segment is likely to expand at the highest CAGR of 23.4% over the forecast period. Titanium emerged as a highly promising material for utilization in 3D printing due to its high strength-to-weight ratio, outstanding mechanical strength, and superior corrosion resistance compared to stainless steel. Several types of titanium alloys such as Ti-6Al-4V and Ti-6Al-4V ELI are commonly used in hybrid additive manufacturing
- Based on end-use, the aerospace segment accounted for the maximum revenue share of 43.1% in 2022. The development of newer composite materials, such as fiber metal laminates, magnesium alloys, and high-performance polymers, as well as multifunctional materials with structural, electrical, and thermal properties, is driving the creation of smaller and lighter aerospace components that are more sustainable
- North America held the largest share of 39.8% in 2022 and is expected to retain its position over the forecast period. Large-scale automobile plants, machinery & tool manufacturers, and the presence of well-established electronics, defense, healthcare, energy, and aerospace industries are propelling the demand for hybrid additive manufacturing in the region
- In April 2022, Hoganas AB, a leading producer of metal powders, announced its expansion into the additive manufacturing market with the introduction of titanium powders. This development marks a significant milestone in the company's efforts to provide a wider range of high-quality metal powders to meet the growing demand for 3D printing applications. The new line of titanium powders from Hoganas has been specifically designed for additive manufacturing and provides customers with a cost-effective and reliable solution for their printing needs
Product Code: GVR-4-68038-598-4
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List to Data Sources
Chapter 2 Hybrid Additive Manufacturing Market - Executive Summary
- 2.1 Market Insights
- 2.2 Market Snapshot
- 2.3 Segmental Outlook
- 2.4 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global steel industry outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Value Chain Analysis
- 3.3.1 Raw material trends
- 3.3.2 Manufacturing & technology trends
- 3.3.3 Sales channel analysis
- 3.4 Regulatory Framework
- 3.5 Market Dynamics
- 3.5.1 Market driver analysis
- 3.5.1.1 Growing demand from the aerospace sector
- 3.5.1.2 Growing demand for customized products
- 3.5.2 Market restraint analysis
- 3.5.2.1 High initial investment
- 3.5.3 Market challenge analysis
- 3.5.3.1 Post-processing requirements
- 3.5.1 Market driver analysis
- 3.6 Business Environment Analysis: Hybrid Additive Manufacturing Market
- 3.6.1 INDUSTRY ANALYSIS: PORTER'S
- 3.6.2 INDUSTRY ANALYSIS - PESTEL
- 3.7 Impact of the COVID-19 on the Hybrid Additive Manufacturing Market
Chapter 4 Hybrid Additive Manufacturing Market: Material Estimates & Trend Analysis
- 4.1 Material Movement Analysis & Market Share, 2022 & 2030
- 4.2 Hybrid Additive Manufacturing Market Estimates & Forecasts, By Material 2018 - 2030 (USD Million)
- 4.3 Titanium
- 4.4 Aluminum
- 4.5 Steel
- 4.6 Nickel
- 4.7 Others
Chapter 5 Hybrid Additive Manufacturing Market: End-use Estimates & Trend Analysis
- 5.1 End-use Movement Analysis & Market Share, 2022 & 2030
- 5.2 Hybrid Additive Manufacturing Market Estimates & Forecasts, By End-use, 2018 - 2030 (USD Million)
- 5.3 Aerospace
- 5.4 Tooling and Mold
- 5.5 Medical
- 5.6 Others
Chapter 6 Hybrid Additive Manufacturing Market: Regional Estimates & Trend Analysis
- 6.1 Regional Analysis, 2022 & 2030
- 6.2 Hybrid Additive Manufacturing Market Estimates & Forecasts, By Region, 2018 - 2030 (USD Million)
- 6.3 North America
- 6.3.1 U.S.
- 6.4 Europe
- 6.4.1 GERMANY
- 6.4.2 SPAIN
- 6.5 Asia Pacific
- 6.5.1 CHINA
- 6.5.2 JAPAN
- 6.6 Central & South America
- 6.7 Middle East & Africa
Chapter 7 Hybrid Additive Manufacturing Market - Supplier Portfolio Analysis
- 7.1 Sourcing Best Practices
- 7.2 Vendor Landscape
- 7.2.1 List of prospective end-users
- 7.2.2 List of raw material suppliers, distributors, and other prominent manufacturers
Chapter 8 Hybrid Additive Manufacturing Market - Competitive Landscape
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Company Categorization
- 8.3 Participant's Overview
- 8.4 Financial Performance
- 8.5 Product Benchmarking
- 8.6 Company Heat Map Analysis
- 8.7 Strategy Mapping
- 8.7.1 EXPANSION
- 8.7.2 COLLABORATION & PARTNERSHIPS
- 8.7.3 PRODUCT LAUNCHES
- 8.7.4 OTHERS STRATERGIES
Chapter 9 KoL Commentary
Product Code: GVR-4-68038-598-4
List of Tables
- Table 1 Hybrid additive manufacturing vs traditional manufacturing
- Table 2 Hybrid additive manufacturing market estimates and forecast, by material, 2018 - 2030 (USD Million)
- Table 3 Hybrid additive manufacturing market estimates and forecast, by end use, 2018 - 2030 (USD Million)
- Table 4 Hybrid additive manufacturing market estimates and forecast, by region, 2018 - 2030 (USD Million)
- Table 5 Recent developments & impact analysis, by key market participants
- Table 6 Company heat map analysis
- Table 7 Key companies undergoing expansion
- Table 8 Key companies involved in collaboration & partnerships
- Table 9 Key companies launching new products
- Table 10 Key companies other strategies
List of Figures
- Fig. 1 Hybrid additive manufacturing market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segmental outlook - Material & end-use
- Fig. 8 Competitive insights
- Fig. 9 Global crude steel production (Million Tons)
- Fig. 10 Penetration & growth prospect mapping - By end-use
- Fig. 11 Value chain analysis
- Fig. 12 General aviation airplane shipments, 2018 - 2022 (Units)
- Fig. 13 Hybrid additive manufacturing market: Porter's Five Forces Analysis
- Fig. 14 Hybrid additive manufacturing market: PESTEL Analysis
- Fig. 15 Hybrid additive manufacturing market, by material: Key Takeaways
- Fig. 16 Hybrid additive manufacturing market: Revenue share, by material, 2022 & 2030
- Fig. 17 Hybrid additive manufacturing market, by end-use: Key Takeaways
- Fig. 18 Hybrid additive manufacturing market: Revenue share, by end-use, 2022 & 2030
- Fig. 19 Hybrid additive manufacturing market revenue: Regional analysis, 2022 & 2030
- Fig. 20 Regional marketplace: Key takeaways
- Fig. 21 Regional marketplace: Key takeaways
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