Additive Manufacturing and Materials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global Additive Manufacturing and Materials Market was valued at USD 16.6 million in 2020 and expected to reach USD 70.92 million by 2026 and grow at a CAGR of 27.5% over the forecast period (2021 - 2026). Since the rapid technological rise of additive manufacturing technology within the past few years, professional technologies have been rapidly maturing in multiple applications, globally. The recent advancements in machinery, materials, and software have made this technology accessible to a broader range of businesses, which enables more organizations to use tools that were previously limited to a few high-tech industries.
Key HighlightsThe additive manufacturing and materials market is quite competitive and consists of major players such as Stratasys, ExOne, and 3D Systems Corporation. However, in terms of market share, few of the major players dominate the market. Some of the companies in the market specialize in building machines that produce objects. In contrast, others concentrate on the materials, which is one of the critical areas of innovation for this technology.
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