Growing Research Funding Driving European Additive Manufacturing & Material Market

Additive manufacturing & material market is anticipated to exhibit a CAGR of 25.1% during the forecast period (2021-2027). The growing research funding for additive manufacturing is anticipated to propel the growth of the additive manufacturing & material market in Europe. Horizon 2020, the European Union Research and Innovation Programme (2014 to 2020), provides $97.3 billion funding for projects related to nanotechnologies, advanced materials, biotechnology, and advanced manufacturing and Processing. Metalworking industries are becoming highly relied over additive manufacturing technology to produce high added-value final parts and products. However, high costs and unpredictable defects are restraining the industry to adopt this technology on full scale. 

Browse the full report description European Additive Manufacturing & Material Market Size, Share & Trends Analysis Report by Material Type (Plastic, Metal, Ceramics, Others) by End-User (Aerospace & Defense, Healthcare, Automotive, Education & Research, Others) Forecast period (2021-2027) at https://www.omrglobal.com/industry-reports/europe-additive-manufacturing-material-market

To overcome this fear, two pilot projects namely MANUELA and INTEGRADDE have been launched under the topic “Factories of the Future – Pilot lines for metal additive manufacturing” in Europe. MANUELA composed of additive manufacturing using metal pilot line. INTEGRADDE is an intelligent data-driven pipeline for the manufacturing of certified metal parts through direct energy deposition processes. INTEGRADDE aims to develop an end-to-end digital manufacturing solution, enabling a cyber secured bidirectional data flow for a seamless integration across the entire AM chain. Therefore, the ongoing research funding & projects based on additive manufacturing driving the growth of the regional market. 

Market Coverage

• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2020-2027
• Segment Covered- 

o By Material Type

o By End User

• Competitive Landscape- 3D Systems Corp., Evonik Industries AG, Arcam AB (General Electric, Co.), Sandvik AB, and Royal DSM N.V.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

European Additive Manufacturing & Material Market report Segment

By Material Type

• Plastic
• Metal
• Ceramic
• Other

By End-User

• Aerospace & Defence
• Healthcare 
• Automotive
• Education & Research
• Others

European Additive Manufacturing & Material Market Report by Country

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/europe-additive-manufacturing-material-market