The hybrid additive-manufacturing machines market is primarily driven by the increasing adoption of hybrid additive-manufacturing machines across a wide range of industry verticals such as heavy industry, automotive, aerospace, and medical. HAM machines utilize additive and subtractive manufacturing in tandem for the manufacturing of complex components that have complex geometries, which are difficult to manufacture by traditional manufacturing.
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Additionally, HAM machines combine the advantages of both laser cladding as well as CNC milling for the manufacturing of functional products. The manufacturing of components by HAM machines results into savings of the material being used for the manufacturing, reduced lead time, and reduced time to market for the product being manufactured.
Rising awareness among the OEMs of various industry verticals regarding the advantages associated with HAM machines is further driving the hybrid additive-manufacturing machines market.
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HAM machines can be utilized for manufacturing of various automotive components such as axles, engine pistons, shafts, and automotive body parts. The aerospace sector requires precision manufacturing of complex components that are light in weight and robust in nature.
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Various components can be manufactured for this sector with the help of HAM machines. The aerospace sector is regarded as a major adopter of additive manufacturing for manufacturing of its functional components.