Additive Manufacturing Market - Forecast(2021 - 2026)
Additive Manufacturing Market Overview Additive manufacturing market size is forecast to reach $35,244.3 million by 2026 , after growing at a CAGR of 19.7% during 2021-2026 . Additive manufacturing has many advantages over existing manufacturing technologies including injection molding, CNC machining , and vacuum casting, including lower resource requirements, shorter production times, modular design, and major tooling cost savings, which is why the additive manufacturing industry is booming. A key factor driving the consumer demand is rising government funding to boost additive manufacturing technology across various regions. Furthermore, the EU Commission's increasing focus on reducing vehicle overall weight to minimize emissions is likely to affect market development. Metal 3D printing technology advancements are expected to open new horizons for lighter, stronger, and healthier products, providing lucrative opportunities for the additive manufacturing industry. COVID-19 Impa