San Francisco, California, April 20, 2018: The global additive manufacturing market is forecast by TMR Research to exhibit strong growth in the coming years. With the rising availability of raw materials and exponentially increasing demand from diverse industries, the global additive manufacturing market has robust growth on cards. In a report, titled “Additive Manufacturing Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025,” TMR Research analyzes key reasons enabling growth in the market. It also highlights potential threats to the market and offers recommendations to mitigate unforeseen challenges.
The rising research and development activities in additive manufacturing processes are predicted to transform conventional processes of manufacturing, paving way for product innovation. The scope of application of additive manufacturing was limited until a few tears ago. It was mostly used in the production of prototype models or in the medical field. But with recent advances in technology, additive manufacturing is increasingly used to make scaffolds, implants, prosthetics, and surgical equipment. Gradually, the demand for additive manufactured increased in industries such as electronics and automotive.
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Regionally, North America and Europe accounted for the majority of the global additive manufacturing market. The rising investment by government and the presence of several international players have upped the demand for the technology in developed countries. Besides these, the high disposable income of consumers and rising awareness among them have played a key role in boosting the market for additive manufacturing in developed regions. The market is also expected to showcase noteworthy growth in emerging regions such as Asia Pacific.
Some of the leading enterprises operating in the global additive manufacturing market are Biomedical Modeling Inc., Electro Optical Systems, 3D Systems Corporation, Morris Tech. Inc., Medical Modeling Inc., and Eos GmbH.