Asia Pacific Hybrid Additive Manufacturing Market Size & Outlook
Asia Pacific hybrid additive manufacturing market, 2018-2030 (US$M)
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Asia Pacific hybrid additive manufacturing market highlights
- The Asia Pacific hybrid additive manufacturing market generated a revenue of USD 41.0 million in 2022.
- The market is expected to grow at a CAGR of 24.2% from 2023 to 2030.
- In terms of segment, titanium was the largest revenue generating material in 2022.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 41.0 million |
| Market revenue in 2030 | USD 232.0 million |
| Growth rate | 24.2% (CAGR from 2022 to 2030) |
| Largest segment | Titanium |
| Fastest growing segment | Titanium |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Titanium, Aluminium, Steel, Nickel |
| Key market players worldwide | Materialise NV ADR, Portland General Electric Co, Renishaw PLC, 3D Systems Corp, Dowlais Group PLC, Sandvik AB, Voxeljet AG ADR, ExOne, Hoganas |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.4% of the global hybrid additive manufacturing market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 232.0 million by 2030.
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Hybrid Additive Manufacturing Market Scope
Hybrid Additive Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific hybrid additive manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hybrid additive manufacturing market will help companies and investors design strategic landscapes.
Titanium was the largest segment with a revenue share of 23.17% in 2022. Horizon Databook has segmented the Asia Pacific hybrid additive manufacturing market based on titanium, aluminium, steel, nickel covering the revenue growth of each sub-segment from 2018 to 2030.
In Asia Pacific, the governments of China, Japan, Singapore, and South Korea are investing in the research & development of advanced manufacturing technologies to promote innovation and competitiveness in their respective industries.
For instance, Singapore's government developed an Advanced Manufacturing and Engineering Masterplan that focuses on additive manufacturing including hybrid additive manufacturing. The plan includes initiatives to support research & development in this area.
Hybrid additive manufacturing is being used in the medical sector in Asia Pacific for the production of orthopedic implants and other medical devices.The technology offers customization options and faster production time compared to traditional manufacturing methods.
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Target buyers of Asia Pacific hybrid additive manufacturing market databook
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Our clientele includes a mix of hybrid additive manufacturing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hybrid additive manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hybrid additive manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific hybrid additive manufacturing market size, by country, 2018-2030 (US$M)
Asia Pacific Hybrid Additive Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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