Europe Hybrid Additive Manufacturing Market Size & 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 23.02% in 2022. Horizon Databook has segmented the Europe hybrid additive manufacturing market based on titanium, aluminium, steel, nickel covering the revenue growth of each sub-segment from 2018 to 2030.

The hybrid additive manufacturing market is expanding owing to the increasing application of this technology in different end-use industries, mainly aerospace and automotive manufacturing. Some of the leading hybrid additive manufacturing solution providers are DMG MORI, SLM Solutions, Optomec, Inc., Trumpf, Renishaw plc., and Siemens. In addition, the major raw material suppliers of titanium and aluminum in Europe are Metalysis, TEKNA, LS Technik GmbH & Co. Spezial pulver KG, and Carpenter Technology Corporation (CRS Holdings, LLC.).

Government agencies in the European region are supporting the development of new manufacturing methods. For instance, Large Additive Subtractive Integrated Modular Machine (), a project funded by the European Commission, aims to develop a new hybrid manufacturing system that combines both additive and subtractive manufacturing processes, with the goal of creating a more flexible and efficient manufacturing system.

LASIMM aims to create a modular machine that can be easily customized for a wide range of manufacturing applications, and it is being developed by a consortium of organizations from across Europe. This project is focused on developing a large-scale hybrid manufacturing platform that is capable of producing large metal parts for the aerospace, automotive, and energy industries and is expected to have a significant impact on the manufacturing industry, as it will allow manufacturers to create complex parts more quickly and efficiently.