Additive Manufacturing Market to Reach USD 26.68 Billion By 2027 | CAGR of 14.4%: Reports and Data

Additive Manufacturing Market to Reach USD 26.68 Billion By 2027 | CAGR of 14.4%: Reports and Data

PR Newswire

NEW YORK, Oct. 30, 2020

- Increasing adoption of Additive Manufacturing in automotive and aerospace industries is projected to stimulate market demand

- Market Size – USD 9.11 billion in 2019, Market Growth - CAGR of 14.4%, Market Trends – Development of new and improved 3D Printing technologies and materials

NEW YORK, Oct. 30, 2020 /PRNewswire/ -- The Global Additive Manufacturing Market is expected to reach USD 26.68 billion by 2027, growing at a high rate of 14.4%, according to a new report by Reports and Data. Increasing government support to enhance additive manufacturing technology across various regions is a key factor influencing market demand. For instance, America Makes, the leading national program in the U.S., that has been exclusively committed to research in additive manufacturing (3D printing technology), was awarded USD 90 million in funding from the government and business and non-benefit divisions.

Reports And Data Logo

Request free sample of this research report at:

Additive manufacturing has several advantages, such as lower resource requirement, faster production cycle, flexible design, and substantial savings on tooling, over traditional manufacturing technologies like injection molding, Computer Numerical Control (CNC) machining, and vacuum casting. After more than 25 years of development, the market is finally moving into the production phase. Over the forecast period, businesses across the value chain in several industries would aim to capitalize on this fast-paced market. Different metals, such as titanium, steel, nickel, aluminum, and cobalt alloys, which have various useful properties, are used to make high-performance parts, particularly in the aerospace industry.

Developed regions such as the U.S. and countries in Western Europe are projected to be key revenue-generating regions for the additive manufacturing market, with the lion's share of 73% in 2019. The presence of various industry giants in the region such as Mercedes, Boeing, Airbus, and Volkswagen, coupled with the growing adoption of AM technologies in aerospace and automotive industries for the production of small, complex, and lightweight components is anticipated to drive the regional industry growth. Furthermore, the growing emphasis of EU Commission on reducing the overall weight of vehicles to decrease emissions is also likely to influence market growth. Advancements in metal 3D printing technology are projected to open new horizons for lighter, safer, and cleaner products, which will create lucrative opportunities for the market.

To identify the key trends in the industry, click on the link below:

Further key findings from the report suggest

Order Now:

For the purpose of this report, Reports and Data has segmented the Global Additive Manufacturing Market on the basis of material type, metal type, polymer type, ceramics type, process, end-use, and region:

Have a Look at Similar Research Reports:

Additive Manufacturing with Metal Powders Market By Product (Plastic, Metal, Alloy), Technology (Laser based-powder bed fusion, Blown powder), By Application (Aerospace, Automotive, Medical, Energy & utilities, Oil & gas), By Metal powder specification (Spherical geometry, particle size) And Segment Forecasts, 2017-2026

Automotive Additive Manufacturing Market by Technology-Type, Material-Type (Metal, Polymers, Ceramics and Others), Application-Type (Prototyping, Tooling, R&D & Innovation, Manufacturing complex accessories, others) - Global Forecast to 2026

Nylon Industrial Filament Market By Type (Nylon 6, Nylon 6,6, Others), By Type of Filament (Flat, POY, FDY), By Form (Monofilament, Multifilament), By End-Use Verticals (Additive Manufacturing, Automotive & Tire, Industrial Machineries) And Segment Forecasts, 2019-2027

Hybrid Additive Manufacturing Market Size, Share & Analysis, By Material (Titanium, Aluminum, Steel, Nickel, Others), By End-Use (Aerospace, Tooling And Mold, Medical, Others), And By Application (Repair, Production, Prototype), Forecasts To 2027

Anti-Fog Additives Market By Product Type (Glycerol Esters, Ethoxylated Sorbitan Esters, Polyglycerol Esters, Sorbitan Esters, Polyoxyethylene Esters, and Others), By Form, By Application And Segment Forecasts, 2016-2026

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W
Head of Business Development
Reports And Data | Web:
Direct Line: +1-212-710-1370
LinkedIn | Twitter | Blogs

Read full Press Release at :

Voltar noticias em Inglês