Additive Manufacturing Market to grow at a CAGR of 16.20% between 2015 to 2021

NOIDA, India - Nov. 25, 2016 - PRLog -- Knowledge Sourcing Intelligence announces the publication of a new report "Additive Manufacturing Market - Forecasts from 2016 to 2021 " to their offering. The report has segmented the Additive manufacturing market by Material Type (Plastic, Metal, Rubber, and Others), by Industry Verticals (Aerospace and Defence, Healthcare, Automotive, Manufacturing, and Others), by geography (Americas, Europe Middle East and Africa, and Asia Pacific).The report analyzed the global additive manufacturing market which is anticipated to grow from US$2.505 billion in 2015 to US$6.167 billion by 2021, at a CAGR of 16.20% over the forecast period.

Additive Manufacturing market is significantly driven by increasing demand for lightweight components by the automotive industry and ease of development of customized products with the help of additive manufacturing processes. Moreover, growing demand for 3D printing in applications such as automotive, manufacturing, and healthcare sectors is expected to further propel the growth of this market.

Healthcare and manufacturing sector will grow at a high rate during the projected period.

An aging population and rising number of road accidents have augmented the number of surgeries, thereby leading to the rising demand for additive manufacturing solutions. Furthermore, the growing need of customized product will drive the need for additive manufacturing in the manufacturing sector.

Asia Pacific will witness the fastest regional market growth during projected period.

Asia Pacific region is expected to witness the fastest growth over the next six years on account of the high rate of technological adoption in emerging economies. Increasing investment by enterprises in setting up new plants and favorable government initiatives are also complementing the additive manufacturing market growth in the region.

The key players of global Additive Manufacturing market covered in this report include GE, ExOne, Wohlers Associates, Royal DSM, Optomec, Renishaw, Layerwise, and Made In Space among others.

This report contains the market analysis on the current trends in the AdditiveManufacturing Market and the opportunities for the vendors over the next six years. It provides deep insights into the drivers and restraints of the industry. Additive Manufacturing Market report also consists of in-depth regional and country level analysis. A lot of statistically relevant tools and detailed industry analysis models such as scenario analysis have been used to forecast the market trends and forecasts up to the year 2021.

The report also talks about the strategies adopted by the industry leaders to gain an advantage over competitors and the recent deals that they have gone into to position themselves better in this market.

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