Press Release

Jul, 25 2024

Increasing demand for lightweight components from the automotive industries drives the demand for North America, Europe and Asia-Pacific Wire Arc Additive Manufacturing Market

Wire Arc Additive Manufacturing (WAAM) is an advanced additive manufacturing technique that uses an electric arc as a heat source to melt metal wire, which is then deposited layer by layer to create three-dimensional components. This process is similar to traditional welding but is controlled by Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) software, enabling the precise construction of complex and large-scale metal parts. WAAM is utilized in various industries, including aerospace, automotive, and maritime, due to its ability to produce high-strength, custom metal structures efficiently and cost-effectively.

Access Full Report @ https://www.databridgemarketresearch.com/reports/north-america-europe-and-asia-pacific-wire-arc-additive-manufacturing-market

Data Bridge Market Research analyzes the North America, Europe and Asia-Pacific Wire Arc Additive Manufacturing Market is expected to reach USD 590,026.26 thousand by 2031 from USD 146,237.27 thousand in 2023, growing with a CAGR of 19.1% in the forecast period of 2024 to 2031. Increasing demand for lightweight components from the automotive industries drive the market growth.

Key Findings of the Study

North America, Europe and Asia-Pacific Wire Arc Additive Manufacturing Market

Advantages Offered by Additive Manufacturing in Aerospace Industry

Wire Arc Additive Manufacturing (WAAM) is increasingly popular in the aerospace industry due to its ability to produce complex, high-performance components efficiently and with reduced weight. Using an electric arc to melt metal wire and build up layers, WAAM enables intricate geometries and customized designs that traditional methods can't achieve. This technology allows rapid prototyping with faster turnaround times and cost advantages for low-volume or complex parts by reducing material waste and machining. WAAM supports materials like aluminum, titanium, and nickel alloys, which meet aerospace performance requirements. Continuous improvements in WAAM are enhancing its capabilities, making it a transformative technology for more efficient, lightweight, and sustainable aircraft designs.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Thousand

Segments Covered

Metal (Titanium, Steel, Stainless Steel, Nickel, Aluminum, and Others), Application (Aerospace, Healthcare, Automotive, Industrial Manufacturing, Military & Defense, Architecture, and Others)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Turkey, Russia, Switzerland, Belgium, Netherlands, Rest of Europe, China, Japan, South Korea, India, Singapore, Indonesia, Thailand, Philippines, Australia & New Zealand, Malaysia, Rest of Asia-Pacific

Market Players Covered

YAMAZAKI MAZAK CORPORATION (Japan), WAAM3D LIMITED (England), Fraunhofer-Gesellschaft e. V., Munich (Germany), RAMLAB (Netherlands), AML3D (Australia), and Vallourec (France) among others

Data Points Covered in the Report

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.

Segment Analysis:

The North America, Europe and Asia-Pacific wire arc additive manufacturing market is segmented into two notable segments which are based on metal and application.

  • On the basis of metal, the market is segmented into titanium, steel, stainless steel, nickel, aluminum, and others

In 2024, the titanium segment is expected to dominate the wire arc additive manufacturing market

In 2024, the titanium segment is expected to dominate the wire arc additive manufacturing market with the market share of 28.56% due to its exceptional strength-to-weight ratio, corrosion resistance, and high performance in demanding applications.

  • On the basis of application, the market is segmented into aerospace, healthcare, automotive, industrial manufacturing, military & defense, architecture, and others

In 2024, the aerospace segment is expected to dominate the wire arc additive manufacturing market

In 2024, the aerospace segment is expected to dominate the wire arc additive manufacturing market with the market share of 29.50% due to its need for high-performance, lightweight, and complex components.

Major Players

Data Bridge Market Research analyzes Vallourec (France), Fraunhofer-Gesellschaft e. V., Munich (Germany), YAMAZAKI MAZAK CORPORATION (Japan), AML3D (Australia), and RAMLAB (Netherlands) as the major players operating in the market.

North America, Europe and Asia-Pacific Wire Arc Additive Manufacturing Market

Market Development

  • In May 2024, AML3D has established a US manufacturing base by leasing a state-of-the-art, 1,000 square meter facility in Stow, Ohio, located in the heart of the US industrial region. This modern, pre-configured facility will serve as a manufacturing, sales, and corporate hub, providing AML3D with a ready-to-use base to support customers nationwide. Situated in an industrial district with access to modern transportation infrastructure, this new hub is a crucial part of AML3D’s strategy to meet the significant and growing demand in the US, especially from the US Defense sector
  • In March 2023, Yamazaki Mazak Corporation established a new manufacturing plant, YAMAZAKI MAZAK MACHINE TOOLS PRIVATE LIMITED, in Pune, Maharashtra, India. This facility will produce a newly developed vertical machining center designed in Japan for the Indian market. With this addition, Yamazaki Mazak now operates 11 production bases—five in Japan and six overseas. This expansion underscores the company’s commitment to advancing the global manufacturing industry by providing localized production and service support
  • In September 2023, Ramlab collaborated with partner DEEP, RAMLAB is contributing to a groundbreaking project that aims to revolutionize access to and understanding of the planet’s oceans. DEEP is unveiling the DEEP Sentinel system, a scalable, modular, and autonomous subsea station designed for deployments up to 200 meters below the surface. This innovative system, built primarily using Wire Arc Additive Manufacturing (WAAM) with RAMLAB's MaxQ Monitoring & Control technology, will significantly enhance access to the world’s continental shelves and the Epipelagic Zone (sunlight zone), which hosts over 90% of marine life
  • In October 2023, DEEP and RAMLAB are collaborating to establish one of Europe's largest multi-arm WAAM manufacturing capabilities. This initiative aims to produce pressure vessels certified for human occupancy. Leveraging the partnership with RAMLAB, the company is poised to harness the full potential of multi-arm WAAM technology to achieve this significant milestone
  • In December 2022, Yamazaki Mazak Corporation announced the opening a brand new headquarters for its European Laser Business in Milan, Italy. Over its long history, the company has set up 10 production plants and multiple sales subsidiaries worldwide, with 14 of them being in Europe. This development will help the company to expand its business in Europe

Regional Analysis

On the basis of geography, the market is segmented into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Turkey, Russia, Switzerland, Belgium, Netherlands, rest of Europe, China, Japan, South Korea, India, Singapore, Indonesia, Thailand, Philippines, Australia & New Zealand, Malaysia, rest of Asia-Pacific.

As per Data Bridge Market Research analysis:

North America is the dominant region in the North America, Europe and Asia-Pacific Wire Arc Additive Manufacturing Market

North America segment is dominating the wire arc additive manufacturing market due to its strong industrial base, advanced technological infrastructure, and significant investments in research and development. The region is home to numerous leading aerospace, automotive, and defense companies that are early adopters of innovative manufacturing technologies.

Asia-Pacific is expected to be the fastest growing region in the North America, Europe and Asia-Pacific Wire Arc Additive Manufacturing Market

Asia-Pacific is expected to be the fastest growing region due to presence of large manufacturing hub and increasing government funding to promote additive manufacturing.

For more detailed information about North America, Europe and Asia-Pacific wire arc additive manufacturing market report, click here – https://www.databridgemarketresearch.com/reports/north-america-europe-and-asia-pacific-wire-arc-additive-manufacturing-market


Client Testimonials