The Additive Manufacturing and Materials Market size is expected to grow from USD 65.39 billion in 2023 to USD 167.50 billion by 2028, at a CAGR of 20.70% during the forecast period (2023-2028).
Production companies of all sizes currently view Additive Manufacturing as an essential component of their factories. With additive manufacturing, industries can manufacture finished goods that are stronger, lighter, and redesigned to have fewer parts while overcoming supply chain interruption.
The additive manufacturing and materials market is quite competitive. The major players with a significant market share are concentrating on developing generative design capabilities for 3D printing techniques. By adopting software capabilities optimized for additive manufacturing, companies want to increase their customer bases across international markets and utilize strategic collaborative initiatives to increase their market share and profitability. Stratasys, ExOne, and 3D Systems Corporation are some of the major players serving this industry.
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