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Global Hybrid Additive Manufacturing Market to reach USD 951.23 million by the end of 2030.

Global Hybrid Additive Manufacturing Market Size study & Forecast, by Material (Titanium, Aluminum, Steel, Nickel, Others) by End-use (Aerospace, Tooling and Mold, Medical, Others) and Regional Analysis, 2023-2030

Product Code: CMAM-81674231
Publish Date: 30-10-2023
Page: 200

Global Hybrid Additive Manufacturing Market is valued approximately USD 191.3 million in 2022 and is anticipated to grow with a healthy growth rate of more than 22.2% over the forecast period 2023-2030. Hybrid Additive Manufacturing (HAM) is a combination of different additive manufacturing (AM) processes with other manufacturing techniques, such as subtractive manufacturing or traditional machining. It involves integrating multiple manufacturing processes into a single system to leverage the advantages of each method and create complex and functional parts. In traditional additive manufacturing, such as 3D printing, objects are built layer by layer using various materials, including plastics, metals, and ceramics. While additive manufacturing provides numerous advantages like design flexibility, rapid prototyping, and reduced material waste, it may have limitations in terms of surface finish, accuracy, and material properties. The key factors driving the market growth are growing demand in aerospace and medical sectors, growing demand for customized products, development of new and improved technologies and materials, and relatively lower production cost for rapid manufacturing that is anticipated to support the market growth during the forecast period 2023-2030.

Moreover, the growing military aircraft and aerospace manufacturing market has a significant impact on the growth of the Hybrid Additive Manufacturing (AM) market. The military aircraft and aerospace industries often require the production of complex and customized parts with intricate designs. Hybrid AM technologies offer the capability to produce these complex parts by combining subtractive and additive processes. Additive manufacturing allows for the creation of intricate geometries and lightweight structures, while subtractive manufacturing can be used for precision finishing. The ability to produce complex parts efficiently makes Hybrid additive manufacturing a valuable solution for the military and aerospace sectors. Thus, the growing military aircraft and aerospace manufacturing is anticipated to support the market growth. According to Statista, in 2020 the global military aircraft and aerospace manufacturing market was valued at USD 243 billion and the market is increased significantly and reached USD 255.76 billion in 2021. Additionally, growing industrialization, and rising technological advancement is anticipated to create a lucrative opportunity for the market during the forecast period. However, the lack of standardized equipment and process control stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hybrid Additive Manufacturing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, growing high disposable incomes, rapid product development, low cost of manufacturing, and supportive government initiatives. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing industrialization, increasing demand for advanced manufacturing technologies, government initiatives and support, and rapid technological advancements in the region.

Major market player included in this report are:
Materialise NV
Höganäs AB
Renishaw plc.
3D Systems, Inc.
GKN Powder Metallurgy
Sandvik AB
voxeljet AG
CRS Holdings, LLC

Recent Developments in the Market:
Ø In February 2021, the Newly Upgraded VARIAXIS i-800 NEO 5-Axis Machine was unveiled by Mazak. With a powerful CNC, faster machining cycle times, increased workpiece capacities, and additional automation possibilities, the VARIAXIS i-800 NEO Vertical Machining Centre offers an improved version of a well-liked 5-axis machine.
Global Hybrid Additive Manufacturing Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Material, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:
By End-use:
Tooling And Mold
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Hybrid Additive Manufacturing Market, by Region, 2020-2030 (USD Million)
1.2.2. Hybrid Additive Manufacturing Market, by Material, 2020-2030 (USD Million)
1.2.3. Hybrid Additive Manufacturing Market, by End-use, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hybrid Additive Manufacturing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hybrid Additive Manufacturing Market Dynamics
3.1. Hybrid Additive Manufacturing Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Development of new and improved technologies and materials Growing demand in aerospace and medical sectors
3.1.2. Market Challenges Lack of standardized equipment and process control
3.1.3. Market Opportunities Rising technological advancement
Chapter 4. Global Hybrid Additive Manufacturing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Hybrid Additive Manufacturing Market, by Material
5.1. Market Snapshot
5.2. Global Hybrid Additive Manufacturing Market by Material, Performance – Potential Analysis
5.3. Global Hybrid Additive Manufacturing Market Estimates & Forecasts by Material 2020-2030 (USD Million)
5.4. Hybrid Additive Manufacturing Market, Sub Segment Analysis
5.4.1. Titanium
5.4.2. Aluminum
5.4.3. Steel
5.4.4. Nickel
5.4.5. Others
Chapter 6. Global Hybrid Additive Manufacturing Market, by End-use
6.1. Market Snapshot
6.2. Global Hybrid Additive Manufacturing Market by End-use, Performance – Potential Analysis
6.3. Global Hybrid Additive Manufacturing Market Estimates & Forecasts by End-use 2020-2030 (USD Million)
6.4. Hybrid Additive Manufacturing Market, Sub Segment Analysis
6.4.1. Aerospace
6.4.2. Tooling And Mold
6.4.3. Medical
6.4.4. Others
Chapter 7. Global Hybrid Additive Manufacturing Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Hybrid Additive Manufacturing Market, Regional Market Snapshot
7.4. North America Hybrid Additive Manufacturing Market
7.4.1. U.S. Hybrid Additive Manufacturing Market Material breakdown estimates & forecasts, 2020-2030 End-use breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Hybrid Additive Manufacturing Market
7.5. Europe Hybrid Additive Manufacturing Market Snapshot
7.5.1. U.K. Hybrid Additive Manufacturing Market
7.5.2. Germany Hybrid Additive Manufacturing Market
7.5.3. France Hybrid Additive Manufacturing Market
7.5.4. Spain Hybrid Additive Manufacturing Market
7.5.5. Italy Hybrid Additive Manufacturing Market
7.5.6. Rest of Europe Hybrid Additive Manufacturing Market
7.6. Asia-Pacific Hybrid Additive Manufacturing Market Snapshot
7.6.1. China Hybrid Additive Manufacturing Market
7.6.2. India Hybrid Additive Manufacturing Market
7.6.3. Japan Hybrid Additive Manufacturing Market
7.6.4. Australia Hybrid Additive Manufacturing Market
7.6.5. South Korea Hybrid Additive Manufacturing Market
7.6.6. Rest of Asia Pacific Hybrid Additive Manufacturing Market
7.7. Latin America Hybrid Additive Manufacturing Market Snapshot
7.7.1. Brazil Hybrid Additive Manufacturing Market
7.7.2. Mexico Hybrid Additive Manufacturing Market
7.8. Middle East & Africa Hybrid Additive Manufacturing Market
7.8.1. Saudi Arabia Hybrid Additive Manufacturing Market
7.8.2. South Africa Hybrid Additive Manufacturing Market
7.8.3. Rest of Middle East & Africa Hybrid Additive Manufacturing Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Materialise NV Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Höganäs AB
8.3.4. Renishaw plc.
8.3.5. 3D Systems, Inc.
8.3.6. GKN Powder Metallurgy
8.3.7. Sandvik AB
8.3.8. ExOne
8.3.9. voxeljet AG
8.3.10. CRS Holdings, LLC
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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