St. Paul, MN (May 2, 2018) — Hybrid Additive Manufacturing Machines Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026 (Rohit Bhisey, AVP – Marketing, Transparency Market Research)
Increasing adoption of hybrid additive-manufacturing machines across a wide range of industry verticals such as heavy industry, automotive, aerospace, and medical.
The hybrid additive-manufacturing machines (HAM) market is primarily driven by the increasing adoption of hybrid additive-manufacturing machines across a wide range of industry verticals such as heavy industry, automotive, aerospace, and medical. HAM machines utilize additive and subtractive manufacturing in tandem for the manufacturing of complex components that have complex geometries, which are difficult to manufacture by traditional manufacturing.
Additionally, HAM machines combine the advantages of both laser cladding as well as CNC milling for the manufacturing of functional products. The manufacturing of components by HAM machines results into savings of the material being used for the manufacturing, reduced lead time, and reduced time to market for the product being manufactured.
Rising awareness among the OEMs of various industry verticals regarding the advantages associated with HAM machines is further driving the hybrid additive-manufacturing machines market. HAM machines can be utilized for manufacturing of various automotive components such as axles, engine pistons, shafts, and automotive body parts. The aerospace sector requires precision manufacturing of complex components that are light in weight and robust in nature. Various components can be manufactured for this sector with the help of HAM machines. The aerospace sector is regarded as a major adopter of additive manufacturing for manufacturing of its functional components. HAM machines can be used for the manufacturing of orthopedic implants, dental fixtures, and prosthetic limbs for the amputees, in the medical sector. Additionally, they can also be employed for manufacturing tools and industry components that are utilized by medical professionals. However, the high cost of HAM machines is expected to hamper the market. However, the production of components by means of HAM machines is likely to bring down the prices of HAM machines in the near future.
Launching of new product models by key players operating in the hybrid additive-manufacturing machines market is a prevalent trend across the regions
The key trends prevalent in the hybrid additive-manufacturing machines market is the launching of new product models into the market in a bid to gain a competitive edge over competitors. For instance, in June 2016, Matsuura Machinery Corporation Ltd launched its HAM model LUMEX Avance-25. This new model is expected to take Matsuura’s hybrid 3D metal printing and milling technology into new markets. Moreover, major players in the additive manufacturing space are focusing on innovation and development of technologically advanced products and cost-effective products so that the machines are affordable to a majority of industries and not just large industries.
Production segment is expected to expand at a rapid pace during the forecast period
Based on the application, the global hybrid additive-manufacturing machines market has been segmented into repair, production, and prototype. In terms of revenue, the repair segment is expected to hold a major share of the market in 2018. Hybrid additive-manufacturing machines are increasingly being utilized for the production of fully functional parts that are complex in design and are difficult to manufacture by conventional manufacturing methods. However, production is yet to be the mainstream application, as HAM machines are expensive. The production segment is expected to expand at a significant CAGR of around 24% during the forecast period.
Aerospace segment is expected to hold a major share of the market, in terms of revenue, by 2026
Based on the verticals, the market has been divided into heavy industry, automotive, aerospace, medical, electronics, energy, and others. The others segment includes consumer goods, education and research, food, architecture, and construction. In 2017, aerospace was the leading segment of the market, in terms of revenue. The aerospace sector involves the manufacturing of customized and components with complex geometries. The parts need to be robust in nature and light in weight. HAM machines can manufacture these parts economically with a high level of accuracy and in significantly less amount of time, as compared to the conventional manufacturing methods. Furthermore, the aerospace segment is expected to expand at a significant CAGR of 23.67% from 2018 to 2026.
The Matsuura LUMEX Series, manufactured for more than ten years, is now offered in North America with sales and technical support provided by Matsuura Machinery USA, Inc.
The Matsuura LUMEX Series is a powder bed metal AM platform with machining capability. The Matsuura LUMEX Series combines selective laser sintering (SLS) along with high speed milling (HSM) commonly called Hybrid AM.
Matsuura’s combination of additive and subtractive technologies enables the production of parts and component geometries in a method that has never been possible or imagined. Often referred to as a “one machine, one process” system, the Matsuura LUMEX series permits production of the most complex and challenging parts through total manufacturing by digital engineering using 3-D data. The process produces highly accurate parts from metal powders that are melted and sintered using a laser while surfaces are precisely milled at high speeds. These machines possess both high-speed milling and laser sintering capability.
Matsuura’s cutting-edge technology is transformative in today’s world of 3D Metal Additive Manufacturing. With Matsuura’s combination of best-in-class CNC Milling and high speed Direct Laser Melting, Matsuura has fundamentally revolutionized the AM marketplace. Matsuura’s unique combination of technology platforms enables the production of parts and component geometries in a method that has never been possible nor imagined.
See the Matsuura LUMEX Avance Technology at the following events:
AMERIMOLD 2018: Novi, MI, June 13-14, 2018
IMTS 2018: McCormick Place, Chicago, IL, September 10-15, 2018
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business. For more information on Matsuura LUMEX products, contact: [email protected] or visit: www.matsuurausa.com.