China Hybrid Additive Manufacturing Market Size & Outlook
China hybrid additive manufacturing market, 2018-2030 (US$M)
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China hybrid additive manufacturing market highlights
- The China hybrid additive manufacturing market generated a revenue of USD 23.9 million in 2022 and is expected to reach USD 136.0 million by 2030.
- The China market is expected to grow at a CAGR of 24.3% 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.
Hybrid additive manufacturing market data book summary
| Market revenue in 2022 | USD 23.9 million |
| Market revenue in 2030 | USD 136.0 million |
| Growth rate | 24.3% (CAGR from 2022 to 2030) |
| Largest segment | Titanium |
| Fastest growing segment | Titanium |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 12.5% of the global hybrid additive manufacturing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hybrid additive manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 136.0 million by 2030.
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Hybrid Additive Manufacturing Market Scope
Hybrid Additive Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 23.85% in 2022. Horizon Databook has segmented the China hybrid additive manufacturing market based on titanium, aluminium, steel, nickel covering the revenue growth of each sub-segment from 2018 to 2030.
Farsoon Technologies, Prismlab, and Shining3D are some of the 3D printing and additive manufacturing solution providers in China. China has been actively pursuing a strategy to upgrade its manufacturing industry and accelerate the development of advanced manufacturing technologies including hybrid additive manufacturing.
The Chinese government has implemented various policies to support the growth of manufacturing industry, particularly in the areas of innovation and technology. One of the key government policies in China is the "Made in China 2025" initiative.
Which aims to transform the country into a global high-tech manufacturing powerhouse. The initiative focuses on the development of advanced manufacturing technologies such as robotics, 3D printing, and hybrid additive manufacturing.
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Target buyers of China 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 country-level data and insights on the China hybrid additive manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into China hybrid additive manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China hybrid additive manufacturing market size, by material, 2018-2030 (US$M)
China Hybrid Additive Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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