St. Paul, MN (October 5, 2018) — The global hybrid additive manufacturing machines market is forecasted in a report by Transparency Market Research (TMR) to find players putting high emphasis on development of new products to boost their brand positioning.
This could be evident with the launch of the Matsuura LUMEX Avance-25 by Matsuura Machinery Corporation in 2016. Introduction of new products could also help players to outshine their competitors in the market.
TMR prognosticates the global hybrid additive manufacturing machines market to register a 21.69% compound annual growth rate between 2018 and 2026 to be worth a US$6.75 bn by the final forecast year. In 2017, the market achieved a valuation of US$1.16 bn. By vertical, aerospace could take a leading position in the market while rising at a 23.67% CAGR. Based on geography, the market is predicted to witness the rise of North America as a prominent region. By the end of 2018, the region could rake in a US$0.4 bn.
Increasing Adoption across Wide Range of Industry Verticals Bodes Well
Growth of the world hybrid additive manufacturing machines market is predicted to gain momentum with increasing awareness about several advantages of the machines in different industry verticals. In the manufacture of functional products, advantages of both computer numerical control (CNC) milling and laser cladding are brought to the table by hybrid additive manufacturing machines, like Matsuura’s. Use of hybrid additive manufacturing machines also helps with reduced time to market (TTM), minimized lead time, and material savings.
Although application of hybrid additive manufacturing machines in production is not yet mainstream, it could grow at a faster pace in the coming years. Hybrid additive manufacturing machines beat traditional manufacturing methods in producing fully functional components that are complex in design.
Reprinted from article by Pragati Pathrotkar.
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has delivered unmatched excellence in high speed and high precision CNC machine tools. From full 5-axis, vertical, horizontal, linear motor or multi-tasking CNC machine tools, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. 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 the Matsuura LUMEX Series, please contact: [email protected] or visit: www.matsuurausa.com.