Hybrid Additive Manufacturing Market to Grow with a CAGR of 21.56% Globally through to 2028
Hybrid Additive Manufacturing market is increasing due
to the Increased customization capabilities in the forecast period, 2024-2028.
According to TechSci Research report, “Global Hybrid
Additive Manufacturing Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028
Global
Hybrid Additive Manufacturing market has witnessed tremendous growth in recent
years, reaching a valuation of USD 192.14 billion in 2022. The market is
projected to continue its strong upward trajectory, posting a CAGR of 21.56%
from 2024 to 2028. The global
Hybrid Additive Manufacturing market is experiencing significant growth driven
by rising adoption among industrial organizations worldwide. Companies
recognize that advanced manufacturing capabilities are strategic for optimizing
production processes, managing costs effectively and enhancing product
development cycles. Many businesses
are partnering with leading Hybrid Additive Manufacturing solution providers to
streamline operations, improve collaboration between design and production
teams and drive efficiencies across distributed manufacturing networks.
Technologies like multi-material 3D printing, composite part production and
Industry 4.0-ready smart manufacturing have given hybrid additive manufacturing
companies advanced capabilities to deliver customized manufacturing solutions. This
is helping enterprises gain competitive advantages through improved
productivity, reduced waste, and shortened time to market.
Adoption is also fueled by corporate strategies
prioritizing digital transformation and flexibility in manufacturing networks.
Enterprises now understand hybrid additive manufacturing's strategic value in
supporting distributed manufacturing footprints, enabling on-demand production,
and facilitating the development of complex parts. This shift is driving demand
as companies seek to optimize costs and quickly respond to market needs. Continued
innovation in areas like large volume additive manufacturing, smart
manufacturing platforms and digital twin technologies is further propelling the
market. Companies can develop customized, data-driven and adaptive
manufacturing models tailored to their industry and production requirements. As
businesses discover new ways to leverage hybrid additive manufacturing for
digital operations and Industry 4.0 strategies, long-term growth prospects remain
positive. Reliable and advanced manufacturing capabilities have become critical
for supporting agile production networks, enabling customized on-demand
manufacturing, and developing complex parts globally. The market is poised to
grow strongly as adoption increases across industries and regions to support
evolving digital manufacturing needs.
Browse over 26 market data Figures spread
through 91 Pages and an in-depth TOC on "Global Hybrid Additive Manufacturing Market.”
The global hybrid additive manufacturing market is
segmented based on materials, processes, and end-user industry. In terms of
materials, the market is bifurcated into metal additive manufacturing and
polymer additive manufacturing. Among these, the metal additive manufacturing
segment dominated the market in 2022 and is estimated to be the fastest growing
segment during the forecast period. Based on processes, the market is divided into
directed energy deposition (DED), laser metal deposition (LMD), and blow powder
deposition (BPD). Of these, the DED process segment accounted for the largest
market share in 2022 due to its ability to deposit materials at a high rate.
However, the LMD process segment is projected to witness the highest CAGR from
2023 to 2030 owing to its precision and ability to produce complex geometries.
In terms of end-user industry, the global hybrid
additive manufacturing market is classified into automotive, retail, energy,
manufacturing, healthcare, and others. In 2022, the manufacturing end-user
industry dominated the market. This is attributed to the wide utilization of
hybrid additive manufacturing technologies in the production of prototypes and
functional end-use parts across various manufacturing industries. Meanwhile,
the healthcare industry segment is anticipated to showcase the fastest growth
over the forecast period. This can be credited to the increasing adoption of 3D
printing technologies for medical applications such as surgical guides, dental
models, and prosthetics.
To summarize, the metal additive manufacturing
segment, DED process, and manufacturing end-user industry currently lead the
global hybrid additive manufacturing market. However, the polymer additive
manufacturing segment, LMD process, and healthcare end-user industry are expected
to emerge as lucrative areas of growth in the coming years.
Major companies operating in Global Hybrid
Additive Manufacturing Market are:
- DMG MORI Co., Ltd.
- Mazak Corporation
- Stratasys Ltd
- Matsuura Machinery
Corporation
- Voxeljet AG
- SLM Solutions Group AG
- Optomec Inc
- EOS GmbH
- Renishaw plc
- 3D Systems Corporation
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“The global Hybrid Additive Manufacturing industry is
experiencing significant growth driven by advancements in digital technologies.
Technologies such as artificial intelligence, cloud computing, robotic process
automation, big data analytics, and the Internet of Things have enhanced Hybrid
Additive Manufacturing providers' capabilities. They can now generate
predictive insights, automate complex workflows, offer personalized
recommendations, and manage business processes at scale for customers.
Organizations across all industries recognize Hybrid
Additive Manufacturing solutions as strategic enablers that can transform and
optimize both core and non-core operations. By collecting and analyzing vast
data through advanced analytics platforms, Hybrid Additive Manufacturing
enables enterprises to deeply customize outsourcing models, manage compliance
requirements, and enhance customer experiences. This level of customized
outsourcing is revolutionizing how businesses leverage external expertise to
focus on core competencies.
Adoption of Hybrid Additive Manufacturing is no longer
limited to just large enterprises. Small and medium businesses also partner
with Hybrid Additive Manufacturing vendors to streamline operations, reduce
costs, and strengthen compliance controls. Hybrid Additive Manufacturing
companies continue investing heavily in research and development to develop
industry-specific solutions and address diverse sector needs.
Regulatory authorities are developing frameworks to
ensure data privacy and security standards are maintained, fostering Hybrid
Additive Manufacturing innovation. Driven by ongoing technological progress,
growing acceptance of data-driven outsourcing strategies, and continuous
innovation, the global Hybrid Additive Manufacturing market is well-positioned
for sustained growth in coming years.
As digital technologies become core capabilities,
Hybrid Additive Manufacturing solutions are cementing their role as
indispensable tools to optimize business processes across all enterprise sizes
and industries. The future outlook for the global Hybrid Additive Manufacturing
market remains very promising.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Hybrid Additive Manufacturing Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, , Segmented by Materials (Metal Additive
Manufacturing, Polymer Additive Manufacturing) By Processes (Directed Energy Deposition
(DED), Laser Metal Deposition (LMD),
Blow Powder Deposition (BPD), By End-User Industry Automotive, Retail, Energy, Manufacturing,
Healthcare, Others), By Region, By Competition”, has evaluated the future growth potential of Global
Hybrid Additive Manufacturing Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Hybrid Additive Manufacturing Market.
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