Global Electron Beam Additive Manufacturing (EBM) Market, By Material Type (Titanium, Chromium cobalt alloys, Others), Application (Aerospace, Automotive, Consumer Goods, Healthcare, Defense, Industrial, Others) - Industry Trends and Forecast to 2031.
Electron Beam Additive Manufacturing (EBM) Market Analysis and Size
The global electron beam additive manufacturing (EBM) market has been experiencing significant growth in recent years, driven by increasing adoption across various industries such as aerospace, automotive, healthcare, and oil and gas. The market size is expected to expand further as the technology matures and becomes more cost-effective.
EBM technology finds applications in a wide range of industries where complex, high-performance metal parts are required. Key applications include aerospace components (For instance turbine blades, structural components), medical implants (For instance orthopedic implants, dental prosthetics), automotive parts (For instance engine components, lightweight structures), and tooling.
Data Bridge Market Research analyses that the global electron beam additive manufacturing (EBM) market which was USD 2.11 billion in 2023, is expected to reach USD 1.17 billion by 2031, growing at a CAGR of 7.60% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2024 to 2031 |
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Base Year |
2023 |
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Historic Years |
2022 (Customizable to 2016-2021) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Material Type (Titanium, Chromium cobalt alloys, Others), Application (Aerospace, Automotive, Consumer Goods, Healthcare, Defense, Industrial, Others) |
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Countries Covered |
U.S., Canada, Mexico, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Hungary, Italy, Rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, UAE, Israel and Rest of Middle East and Africa |
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Market Players Covered |
ANSYS, Inc. (U.S.), Höganäs AB (Sweden), EOS GmbH (Germany), ARBURG GmbH + Co KG (Germany), Stratasys (U.S.), Renishaw plc. (U.K.), YAMAZAKI MAZAK CORPORATION (Japan), Materialise (Belgium), Markforged (U.S.), Titomic Limited (Australia), SLM Solutions (Germany), Proto Labs (U.S.), ENVISIONTEC US LLC (U.S.), Ultimaker (Netherlands), American Additive Manufacturing LLC (U.S.), Optomec, Inc. (U.S.), 3D Systems, Inc. (U.S.), ExOne (U.S.) |
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Market Opportunities |
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Market Definition
Electron beam additive manufacturing (EBM) is an advanced manufacturing technology that utilizes an electron beam to selectively melt and fuse metal powders layer by layer, ultimately building up complex three-dimensional parts. This technology offers several advantages over traditional manufacturing methods, including the ability to produce highly intricate geometries, reduced material waste, and the potential for improved mechanical properties of the manufactured parts.
Global Electron Beam Additive Manufacturing (EBM) Market Dynamics
Drivers
- Increasing Demand for Lightweight Components from the Automotive and Aerospace Industries
The automotive and aerospace sector requires numerous interacting technical and economic objectives of functional performance, lead time reduction, lightweight, cost management and delivery of safety-critical components. To meet the demand and to compensate for the fuel consumption and cost management to enhance the technical performance and allowable to make a lighter structure which directly related to enhancing economic and technical performance and which will help the airlines industry to carry more payload, which will directly improve their revenue.
- Advantages Offered by Additive Manufacturing in Various End-User Industries
Industries like aerospace were some of the industries that used additive manufacturing products for their performance. Aeroplane parts are used by additive manufacturing products that are lightweight and can withstand harsh environmental conditions, due to less material required. By the process of forming materials layers by layers, aerospace industries utilize it as the advantage for weight reduction and waste reduction, which are very important for the manufacturing of aerospace parts for major companies.
In rapidly innovating medical industries, the utilization of additive manufacturing products is of great advantage for doctors, patients and research institutions. Through functional prototype design provided by additive manufacturing technologies, it has been of great advantage to create a flexible design of various design lifesaving tools needed for surgical and study purposes.
Opportunities
- Advancement in the Healthcare Sector
In the medical field, every patient is unique, and therefore additive manufacturing has a high potential to be utilized for personalized and customized medical applications. The most common medical clinical used are personalized implants and medical model saws guides. In dental fields, additive manufacturing products are used in splints, orthodontic appliances, dental models and drill guides. However, additive manufacturing products are also used to make artificial tissues and organs, which can be used for study purposes in a research institute. The development of digitalizing medical imaging that digitalization allows for the reconstruction of 3D models from patients' anatomy.
- Increasing Government Funding to Promote Additive Manufacturing
Additive manufacturing has immense potential to revolutionize the manufacturing and industrial production landscape through digital processes, communication and imaging. Additive manufacturing is a trending business that has high demand from various industries like aerospace, automotive, medical sector, electronics, fashion and others. Seeing the potential possibility of this sector's contribution to the nation's economy, governments of different countries are coming up with a different strategy to support and promote this industry.
Restraint/Challenge
- High Costs of the Equipment, Machinery and Lack of Skilled Professional
The benefits that additive manufacturing provides have opened wide horizons for creating absolutely any 3D shapes and components. But not every business have the capacity to affordably integrate this type of activity into their business processes. Some of the most common causes that hinder the future of additive manufacturing are the high cost of equipment and the lack of professionals in this industry.
The average price for additive manufacturing equipment is between USD 300,000 to USD 1.5 million. The industrial consumables cost varies from USD 100 to USD 150 per piece. Although, the final price depends on the chosen material, such as plastic, which is considered the most budget-friendly option among all other materials available. The time required is also quite high as it takes more than an hour to print a 40cm object.
This global electron beam additive manufacturing (EBM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global electron beam additive manufacturing (EBM) market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In February, SLM Solutions launched the SLM.Quality. It is a quality assurance software solution that enables customers to perform build job evaluations and process qualifications and part certifications more efficiently. Whether it's for single part or series production, the SLM. Quality solutions can support industrial customers during the qualification process, improving the traceability and documentation of key process data. This development will help the company to attract more customers
- In February , SLM Solutions and Assembrix jointly announced the successful integration of the Assembrix VMS software with SLM Solutions machines across the globe. This new partnership will meet the growing demand by OEMs for secure distributed additive manufacturing and enable the creation of a reliable, international additive manufacturing ecosystem
Global Electron Beam Additive Manufacturing (EBM) Market Scope
The global electron beam additive manufacturing (EBM) market is segmented into two notable segments which is material type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Material Type
- Titanium
- Chromium cobalt alloys
- Others
Application
- Aerospace
- Automotive
- Consumer Goods
- Healthcare
- Defense
- Industrial
- Others
Global Electron Beam Additive Manufacturing (EBM) Market Regional Analysis/Insights
The global electron beam additive manufacturing (EBM) market is analyzed and market size information is provided by material type and application as referenced above.
The countries covered in the global electron beam additive manufacturing (EBM) market report are U.S., Canada, Mexico, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Hungary, Italy, rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and rest of Middle East and Africa.
North America region dominate the global electron beam additive manufacturing (EBM) market. This is attributed because the region boasts a strong presence of leading EBM technology providers, research institutions, and end-user industries, especially in aerospace, healthcare, and automotive sectors.
Europe region is the fastest growing region because the aerospace and medical industries in Europe have been early adopters of EBM technology for producing lightweight, high-performance components and medical implants. Moreover, collaborations between research institutions, academia, and industry players further accelerate innovation and growth in the EBM market in Europe.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Electron Beam Additive Manufacturing (EBM) Market Share Analysis
The global electron beam additive manufacturing (EBM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global electron beam additive manufacturing (EBM) market.
Some of the major players operating in the global electron beam additive manufacturing (EBM) market are:
- ANSYS, Inc. (U.S.)
- Höganäs AB (Sweden)
- EOS GmbH (Germany)
- ARBURG GmbH + Co KG (Germany)
- Stratasys (U.S.), Renishaw plc. (U.K.)
- YAMAZAKI MAZAK CORPORATION (Japan)
- Materialise (Belgium)
- Markforged (U.S.)
- Titomic Limited (Australia)
- SLM Solutions (Germany)
- Proto Labs (U.S.)
- ENVISIONTEC US LLC (U.S.)
- Ultimaker (Netherlands)
- American Additive Manufacturing LLC (U.S.)
- Optomec, Inc. (U.S.)
- 3D Systems, Inc. (U.S.)
- ExOne (U.S.)
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