The headquarters will remain in Eindhoven and the branch office in California is still under development, but Additive Industries also thinks it’s time to get a foothold in Asia. To achieve this, it will build a Process & Application Development Center in Singapore later this year.
“In November 2017, we announced our ambition to reach a top 3 position in the production of additive manufacturing by 2022”, says Additive Industries in an explanation. “Active presence in the fast-growing Asia-Pacific region is an important part of the Accelerating Industrial Additive Manufacturing plan.”
With sales growth of 10 to 20 times in comparison with today, Additive Industries expects to increase to a top 3 position in Metal Additive Manufacturing by 2022. According to Additive, the current top players in size (GE Additive, EOS, 3D Systems) will probably not be the same in five years’ time, as besides Additive Industries, large machine builders such as DMG-Mori and Trumpf will also be entering in the competition.
Based on the company’s progress in recent months and the roll-out of its MetalFAB1 industrial 3D metal printing systems, Additive Industries has decided to accelerate its growth. This means “a substantial increase” of annual system sales and a corresponding increase in personnel, said CEO Daan Kersten at the announcement of the ambition. “The current top-3 players are turning over €100-200 million per year and the market is expected to grow by 15-20% annually.”
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