Additive manufacturing & material market is anticipated to exhibit a CAGR of 25.1% during the forecast period (2021-2027). The growing research funding for additive manufacturing is anticipated to propel the growth of the additive manufacturing & material market in Europe. Horizon 2020, the European Union Research and Innovation Programme (2014 to 2020), provides $97.3 billion funding for projects related to nanotechnologies, advanced materials, biotechnology, and advanced manufacturing and Processing. Metalworking industries are becoming highly relied over additive manufacturing technology to produce high added-value final parts and products. However, high costs and unpredictable defects are restraining the industry to adopt this technology on full scale.
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To overcome this fear, two pilot projects namely MANUELA and INTEGRADDE have been launched under the topic “Factories of the Future – Pilot lines for metal additive manufacturing” in Europe. MANUELA composed of additive manufacturing using metal pilot line. INTEGRADDE is an intelligent data-driven pipeline for the manufacturing of certified metal parts through direct energy deposition processes. INTEGRADDE aims to develop an end-to-end digital manufacturing solution, enabling a cyber secured bidirectional data flow for a seamless integration across the entire AM chain. Therefore, the ongoing research funding & projects based on additive manufacturing driving the growth of the regional market.
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2020-2027
Segment Covered-
- By Material Type
- By End User
- Competitive Landscape- 3D Systems Corp., Evonik Industries AG, Arcam AB (General Electric, Co.), Sandvik AB, and Royal DSM N.V.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in base year?
- Which segment will project fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from pre-COVID forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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A full Report of European Additive Manufacturing & Material Market is Available at: https://www.omrglobal.com/industry-reports/europe-additive-manufacturing-material-market
European Additive Manufacturing & Material Market report Segment
By Material Type
- Plastic
- Metal
- Ceramic
- Other
By End-User
- Aerospace & Defence
- Healthcare
- Automotive
- Education & Research
- Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
