Global Composites Additive Manufacturing Market is projected to grow at an impressive rate of 22.1 % CAGR to reach an estimated value of US$ 7.676 Bn by 2026.
Global Composites Additive Manufacturing Market
3D printing is a promising opportunity in composites industry. 3D printing is currently organized for the development of prototype composite parts and composite tools. Unceasing advancements in additive manufacturing technologies and rising interest of additive manufacturing companies in composite part manufacturing will take the penetration of additive manufacturing in the composite part manufacturing market to new elevations. Though, the process of 3D printing composite materials is not conventional yet, manufacturers have started to use it to print everything from car and aircraft parts to the walls of future buildings.
Carbon fiber segment is proposed to remain the dominant in the global composites additive manufacturing market and also likely to witness the highest growth during the forecast period. Carbon fiber delivers a numerous advantages over competing materials, such as lightweight, higher strength and stiffness, and exceptional fatigue and corrosion resistance. Penetration of carbon fiber is continually increasing, owing to its excellent properties and external market factors. High demand for lightweight components in the structural applications for improving fuel efficiency or reducing carbon emissions is the leading growth driver of the increased demand for carbon fibers in major industries, such as aerospace & defense and automotive.
Extrusion is expected to remain the most dominant technology for the fabrication of 3D-printed composite parts during the forecast period as it is considered to be a superior technology in terms of withstanding high temperature; however, powder bed infusion technology is estimated to grow at the highest rate during the same period. Extrusion-based segment are expected to uplift in 2022, however, install base of extrusion composite systems will be trending up towards 4,000 systems, reaching more than 6,000 systems by 2026.
3D printing in the automotive industry has become essential part. 3D printers have opened new tracks at each stage of production of motor vehicles; from the functional prototyping phases, design, and tooling production to parts manufacturing, the automotive industry is one of the forerunners in the use and integration of 3D printing in its processes. However, in healthcare industry 3D printing is already revolutionizing. 3D printing has potential to upend the pharmaceutical world and vastly simplify daily life for patients with multiple ailments.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding composites additive manufacturing market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in composites additive manufacturing market.
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Scope of Global Composites Additive Manufacturing Market
Global Composites Additive Manufacturing Market, by Type:
• Parts
• Hardware
• Material
Global Composites Additive Manufacturing Market, by End-Use:
• Aerospace & Defense
• Automotive
• Electrical & Electronics
• Healthcare & Medical
Global Composites Additive Manufacturing Market, by Reinforcement Type:
• Carbon Fiber
• Glass Fiber
• Others
Global Composites Additive Manufacturing Market, by Technology Type:
• Extrusion
• Powder Bed Fusion
• Others
Global Composites Additive Manufacturing Market, by Region:
• North America
• South America
• Asia Pacific
• Europe
• Middle East & Africa
Key Player Analyzed in the Report:
• Stratasys Ltd.
• 3D Systems Corporation
• Arevo Labs
• MarkForged, Inc.
• Cincinnati Incorporated
• Graphite Additive Manufacturing Limited
• CRP Group
• EOS
• 3Dynamic Systems
• Advanc3D Materials
• EnvisionTEC
• Sculpteo
• +Lab/moi composites
• 3D Fortify
• 3DXTech
• Autodesk
• CEAD Group
• Cincinnati Inc.
• CRP Group
• EOS
• Farsoon
• Hexcel
• Ingersoll
• Markforged
• Prodways
• Ricoh
• SABIC
• Siemens
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