Global Hybrid Additive Manufacturing Machines Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

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Global Hybrid Additive Manufacturing Machines Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Aug 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Hybrid Additive Manufacturing Machines Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 129.76 Billion
Diagram Market Size (Forecast Year)
USD 463.51 Billion
Diagram CAGR
%
Diagram Major Markets Players
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Global Hybrid Additive Manufacturing Machines Market Segmentation, By Product (Non-Metal Forming, Biomaterial Forming, and Metal Forming), Material (Titanium, Aluminium, Steel, and Nickel), Application (Repair, Production, and Prototype), Vertical (Heavy Industry, Automotive, Aerospace, Medical, Energy, and Electronics) – Industry Trends and Forecast to 2031.

Hybrid Additive Manufacturing Machines Market

Hybrid Additive Manufacturing Machines Market Analysis

The hybrid additive manufacturing machines market is experiencing robust growth driven by the increasing demand for advanced manufacturing technologies that combine the benefits of additive and subtractive processes. This hybrid approach allows for the production of complex and high-precision components, making it highly attractive to industries such as aerospace, automotive, and healthcare. The ability to integrate additive manufacturing with traditional methods within a single machine provides significant advantages, including enhanced design flexibility, reduced production time, and improved material efficiency. The market is further bolstered by advancements in materials science, which expand the range of materials that can be used in hybrid additive manufacturing, including metals, polymers, and composites. These advancements enable manufacturers to explore innovative designs and applications, driving further adoption of hybrid technologies.

Hybrid Additive Manufacturing Machines Market Size

Global hybrid additive manufacturing machines market size was valued at USD 129.76 billion in 2023 and is projected to reach USD 463.51 billion by 2031, with a CAGR of 17.25% 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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Hybrid Additive Manufacturing Machines Market Trends

“Rise in Focus on Quality Seedbeds”

Report Scope and Market Segmentation       

Attributes

Hybrid Additive Manufacturing Machines Key Market Insights

Segmentation

By Product: Non-Metal Forming, Biomaterial Forming, and Metal Forming

By Material: Titanium, Aluminium, Steel, and Nickel

By Application: Repair, Production, and Prototype

By Vertical: Heavy Industry, Automotive, Aerospace, Medical, Energy, and Electronics

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America

Key Market Players

Equispheres (Canada), CRS Holdings, LLC (U.S.), Voxeljet AG (Germany), Hoganas AB (Sweden), Renishaw PLC (U.K.), Materialise (Belgium), 3D Systems Inc. (U.S.), Melrose Industries PLC (U.K.), ExOne (U.S.), GENERAL ELECTRIC (U.S.), Sandvik (Sweden), Biomedical Modeling Inc. (U.S.), ENVISIONTEC US LLC (U.S.), EOS (U.S.), Integer Holdings Corporation (U.S.), GPI Prototype and Manufacturing Services, LLC (U.S.), and SLM Solutions (Germany)

Market Opportunities

  • Expansion into New Industrial Sectors
  • Development of Hybrid Manufacturing Services

Value Added Data Infosets

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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Hybrid Additive Manufacturing Machines Market Definition

Hybrid additive manufacturing machines represent an advanced category of manufacturing technology that combines traditional subtractive methods with additive processes within a single system. These machines integrate conventional manufacturing techniques, such as milling or turning, with additive manufacturing capabilities, which build up material layer by layer to create complex parts.            

Hybrid Additive Manufacturing Machines Market Dynamics

Drivers  

  • Integration of Additive and Subtractive Processes

Hybrid additive manufacturing machines, which integrate additive manufacturing (3D printing) with traditional subtractive processes (such as milling and turning), offer significant advantages by combining the strengths of both technologies. This integration allows for the production of highly complex and precise components with reduced lead times and material waste. For industries such as aerospace, automotive, and healthcare, where the demand for complex and lightweight components is high, hybrid machines provide a competitive edge. For instance, In July 2024, Meltio, Jupiter Machine Tool (JMT), and UnionMT collaborated to develop the JMT Hybrid CNC Machines, combining additive and subtractive manufacturing capabilities. The machines integrated Meltio’s wire-laser metal 3D printing technology, promising 100% material efficiency and precise metal part production aimed to impact industries like aerospace, automotive, and medical by enabling the creation and repair of complex, high-precision parts. The ability to perform multiple operations within a single setup reduces the need for multiple machines and processes, enhances efficiency and drives the market growth.

  • Rising Demand for Customization and Rapid Prototyping

Industries such as medical devices, dental implants, and consumer goods benefit from the ability to quickly prototype and customize products to meet specific customer requirements. Hybrid machines accelerate the design-to-production cycle, allowing companies to bring products to market faster while maintaining high levels of precision and quality. This capability is particularly valuable in markets where innovation and responsiveness to customer needs are critical. The growing need for product customization and rapid prototyping across various industries is a major driver for the hybrid additive manufacturing machines market.

Opportunities

  • Expansion into New Industrial Sectors

Industries such as construction, energy, and maritime are beginning to explore the potential of hybrid manufacturing technologies for producing large-scale components and structures. For example, the construction industry can benefit from the ability to manufacture customized building components with complex geometries directly on-site, reducing construction time and costs. Similarly, the energy sector can leverage hybrid machines to produce turbine components with improved efficiency and durability. The hybrid additive manufacturing machines market presents significant growth opportunities as it expands into new industrial sectors beyond traditional users like aerospace and automotive.

  • Development of Hybrid Manufacturing Services

Service providers offering specialized hybrid manufacturing solutions can cater to the needs of companies that require advanced manufacturing capabilities but do not have the resources or expertise to invest in hybrid machines themselves. This business model allows companies to access the benefits of hybrid manufacturing, such as rapid prototyping, customization, and multi-material production, without the high upfront costs of purchasing equipment. As demand for hybrid manufacturing grows, the service sector is likely to expand, providing opportunities for new entrants and existing manufacturers to diversify their offerings and capture a larger share of the market.

Restraints/Challenges

  • High Initial Investment and Maintenance Costs

Hybrid machines, which combine both additive and subtractive manufacturing capabilities, are typically more expensive than standalone 3D printers or CNC machines. This high cost can be a significant barrier for small and medium-sized enterprises (SMEs) that may not have the financial resources to invest in such equipment. Additionally, the complexity of hybrid machines can lead to higher maintenance and operational costs, including the need for skilled technicians to operate and maintain the equipment. These factors can limit the adoption of hybrid additive manufacturing technologies, particularly among smaller companies or those in developing regions.

  • Technical Challenges and Process Integration

Combining additive and subtractive processes in a single machine requires precise coordination to ensure that each stage of production is optimized for the desired outcome. Challenges such as material compatibility, thermal distortion, and residual stresses can affect the quality of the final product. Additionally, the integration of different manufacturing processes requires advanced software and control systems to manage the complexities of hybrid production.

This 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 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.

Global Hybrid Additive Manufacturing Machines Market Scope

The market is segmented on the basis of products, material, application, and verticals. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Material

  • Titanium
  • Aluminium
  • Steel
  • Nickel

Application

  • Repair
  • Production
  • Prototype

Vertical

  • Heavy Industry
  • Automotive
  • Aerospace
  • Medical
  • Energy
  • Electronics

Global Hybrid Additive Manufacturing Machines Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country products, material, application, and verticals as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America is expected to dominate the market due to the region's robust demand for hybrid additive manufacturing technologies. North America’s advanced industrial base, combined with substantial investments in research and development, has catalyzed the adoption of hybrid manufacturing solutions.  

Asia-Pacific is expected to be the fastest growing due to the expanding use of additive manufacturing technologies in the aerospace sector. The presence of numerous aerospace Original Equipment Manufacturers (OEMs) in countries like China and Japan contributes to the region's strong market position.

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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Global Hybrid Additive Manufacturing Machines Market Share

The market competitive landscape provides details by competitors. 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 market.

Hybrid Additive Manufacturing Machines Market Leaders Operating in the Market Are:

  • Equispheres (Canada)
  • CRS Holdings, LLC (U.S.)
  • Voxeljet AG (Germany)
  • Hoganas AB (Sweden)
  • Renishaw PLC (U.K.)
  • Materialise (Belgium)
  • 3D Systems Inc. (U.S.)
  • Melrose Industries PLC (U.K.)
  • ExOne (U.S.)
  • GENERAL ELECTRIC (U.S.)
  • Sandvik (Sweden)
  • Biomedical Modeling Inc. (U.S.)
  • ENVISIONTEC US LLC (U.S.)
  • EOS (U.S.)
  • Integer Holdings Corporation (U.S.)
  • GPI Prototype and Manufacturing Services, LLC (U.S.)
  • SLM Solutions (Germany)

Latest Developments in Hybrid Additive Manufacturing Machines Market

  • In February 2024, MULTIAX CNC and REV3RD launched the new P Series LFAM 3D printers, including the PrintX and HybridX systems, at JEC World 2024 in Paris. The P Series featured high-precision CNC machines capable of 3D printing and milling, showcasing live demos of resin printing. The RD-M25 pellet extruder, integrated into the system, offered high-flow printing with advanced temperature control
  • In October 2023, Alphacam GmbH, a German provider of 3D printing services, and Evolve Additive Solutions, a Minnesota-based manufacturer of 3D printers, formed a strategic alliance. Through this collaboration, Alphacam will offer customers in Europe parts produced using the Selective Thermoplastic Electrophotographic Process (STEP)
  • In October 2023, Siemens made available a digital twin for machine tool processing, developed by the German company DMG MORI, on its Xcelerator marketplace. This announcement is significant as it brings together DMG MORI, a leading machine tool manufacturer, and Siemens, an industrial powerhouse


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Frequently Asked Questions

The global hybrid additive manufacturing machines market size was valued at USD 129.76 billion in 2023.
The global hybrid additive manufacturing machines market is to grow at a CAGR of 17.25% during the forecast period of 2024 to 2031.
The major players operating in the market are Equispheres (Canada), CRS Holdings, LLC (U.S.), Voxeljet AG (Germany), Hoganas AB (Sweden), Renishaw PLC (U.K.), Materialise (Belgium), 3D Systems Inc. (U.S.), Melrose Industries PLC (U.K.), ExOne (U.S.), GENERAL ELECTRIC (U.S.), Sandvik (Sweden), Biomedical Modeling Inc. (U.S.), ENVISIONTEC US LLC (U.S.), EOS (U.S.), Integer Holdings Corporation (U.S.), GPI Prototype and Manufacturing Services, LLC (U.S.), and SLM Solutions (Germany).
Integration of additive and subtractive processes and rising demand for customization and rapid prototyping are major drivers of the market.
The market is segmented into four notable segments based on products, material, application, and verticals. On the basis of product, the market is segmented into non-metal forming, biomaterial forming, and metal forming. The market is segmented into different materials, including titanium, aluminium, steel, and nickel. On the basis of application, the market is segmented into repair, production, and prototype. The market is also segmented on the basis of verticals, including heavy industry, automotive, aerospace, medical, energy, and electronics.