Global 3D Printing in Hydraulics Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.01% during the forecast period that is 2017-2025 owing to increasing high demand from end user application such as Aerospace, Energy & Power, Automotive, Construction, Others sectors. The Europe is expected to dominate the 3D printing in hydraulics market with its growing multidisciplinary research organization with addition towards metal based 3D printing technology, coupled with the introduction of Direct Metal Laser Sintering (DMLS) process.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

3D printing in hydraulics or additive manufacturing is a process of designing various hydraulics components such as cylinders, valves, and other which are applied to the braking system, controlling fluids in crane system, and others. According to the U.S. Department of Energy and the Federal Highway Administration (FHA), the major benefits such as reduction material waste, weight, and space, eliminating potential leakage without plugs, and providing superior performance as compared to traditional manufacturing of hydraulics, is expected to boost the 3D printing in hydraulics market. Various research centers and companies are adopting 3D printing (additive manufacturing) which is expected to boost the 3D printing in hydraulics market. For instance, VTT Technical Research Centre of Finland Ltd along with Nurmi Cylinders Oy, in 2016, had developed hydraulics values which are used in cranes, aerospace, and are 66% smaller and 76% lighter compared to traditionally manufactured valves. Thus, the increasing usage of hydraulics in end-use industries is expected to boost the 3D printing in hydraulics market.  

3D printing in hydraulics manufacturing helps to use a wide range of strong metal materials such as titanium, aluminum, stainless steel ranging from AISI 304 to 316L, Inconel (718), and others. For instance, Aidro srl, a company from northern Italy, is one of the leading companies in manufacturing hydraulics via 3D printing, with the use of both selective laser melting (SLM) and direct metal laser sintering (DMLS) processes. Some of the examples of hydraulic components manufactured by Aidro are valve block in stainless steel, stackable hydraulic valve which reduced 60% of weight, hydraulic manifold for agricultural machinery which drives a double-acting cylinder. Thus, manufacturing of hydraulics by 3D printing expected to reduce the manufacturing cost and the material wastage, coupled with its various benefits such as light-weighted, better sustainability, and high performance. Owing to these factors the 3D printing in hydraulics market is expected to propel during the forecast period (2018 – 2025).

Segment Analysis

Traditionally the hydraulics industry didn’t incorporate the 3D printed hydraulics into their manufacturing systems due to low availability of raw materials. However, the introduction of Direct Metal Laser Sintering (DMLS) process and other powder bed processes has aided manufacturers to reconsider designing hydraulic components via 3D printing, which in turn is expected to boost the 3D printing in hydraulics market during the forecast period.

The 3D printing in hydraulics market is expected to grow owing to its application in valves, pumps, motors, and cylinders, which are lighter compared to their electric counterparts. The manufacturers of OEM has a constant demand for these compact and lightweight components which improves the energy, reduce cost and system footprint. In the traditional manufacturing process of hydraulics, material are removed by Computer Numeric Control (CNC) from a large part of metal to acquire the desired shape. These process leaves excess raw material as waste, coupled with additional costs for removing it, resulting with a component with more weight than needed. However, in 3D printing, the hydraulics parts are build layer by layer, which reduces wastage of excess material, reduction of weight by 50 to 75% compared to conventional manufacturing methods.

The speed of the process of producing multiple prototypes concurrently, helps to reduce the product development time. Thus, the continuous improvements in 3D printing process of hydraulics, along with the materials used which provides stronger parts with high performance is expected to boost the 3D printing in hydraulics market during the forecast period.

Regional Analysis

The global 3D printing in hydraulics market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe - UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The 3D printing in hydraulics market is anticipated to be dominated by Europe followed by Asia Pacific and North America. Europe is expected to dominate the 3D printing in hydraulics market with its growing multidisciplinary research organization with addition towards metal based 3D printing technology, coupled with the introduction of Direct Metal Laser Sintering (DMLS) process. 3D printing offers excellent opportunity for the new manufacturers as it reduces hazards, lower overall cost, and need for expertise knowledge. The print materials such as aluminum, stainless steel and others are usually measured safe in comparison to traditional lathe operations and subtractive mill that needs specific training and personnel skills to ensure quality and safety in production of parts. Owing to these factors major companies in Europe such as Aidro Hydraulics, Renishaw plc, and Domin Fluid Power Limited are involved into 3D printed hydraulics components. Thus, the involvement of companies into 3D printed hydraulics and its associated benefits is expected to boost the 3D printing hydraulics market in Europe during the forecast period.

Global 3D Printing in Hydraulics Market Size, Share Analysis By Region 2017

Global 3D Printing in Hydraulics Market Study Objective

1. To forecast the market size of 3D printing in hydraulics market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of 3D printing in hydraulics market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of 3D printing in hydraulics market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of 3D printing in hydraulics market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the 3D printing in hydraulics market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Market Players:

Various innovations in the field of 3D printing in hydraulics components is expected to boost the 3D printing in hydraulics market during the forecast period. For instance, Technical Innovation Group (TIG), in 2016, came up with hydraulics manifold for the Land Rover yacht and in other parts which were designed by 3D printers.  Major players in the market include Domin Fluid Power Limited, Nurmi Hydro Oy, Aidro Hydraulics, and Renishaw plc., among others.

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