North America Additive Manufacturing (AM) Market is expected to reach USD 28.83 billion by 2030
The number of strong manufacturing industry and adoption of 3D digital printing in North America are driving up demand for the additive manufacturing (AM) market during the forecast period.
North America Additive Manufacturing (AM) Market is valued at USD 7.08 billion in 2022 and is expected to reach USD 28.83 billion by 2030, with a CAGR of 19.2% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The manufacturing industry in North America is characterized by its robustness and diversity, encompassing sectors such as aerospace, automotive, healthcare, and consumer goods. It has consistently shown a proactive approach in embracing innovative technologies and methods to enhance efficiency, reduce costs, and bolster competitiveness. As a consequence, additive manufacturing has witnessed an increasing adoption within the North American manufacturing landscape. This is primarily attributed to the numerous advantages offered by additive manufacturing, which align with the objectives and requirements of these industries in North America.
North America's significant investments in healthcare have facilitated the adoption of state-of-the-art technologies, such as 3D digital printing. This advanced method enables healthcare providers to produce personalized surgical models, cost-effective prostheses, and dental implants tailored to individual patients. The region's dedication to healthcare innovation and financial support has played a pivotal role in driving the widespread adoption of 3D digital printing, leading to revolutionary advancements in patient care and treatment results.
However, the cost of additive manufacturing technologies, including printers, materials, and post-processing equipment are relatively high compared to traditional manufacturing methods. This cost factor may limit the accessibility and adoption of additive manufacturing, particularly for small and medium-sized businesses, which is expected to restrain the growth of the market.
On the other hand, continuous advancements in additive manufacturing technologies, including improved printer capabilities, enhanced materials, and more efficient post-processing techniques, have fueled the growth of the market. These advancements enable higher quality, faster production, and expanded application possibilities, attracting more industries to adopt additive manufacturing. Thus, it is expected to create ample opportunities for the market.
Request for a sample here: https://www.nextmsc.com/north-america-additive-manufacturing-am-market/request-sample
According to the report, leading players in the North America additive manufacturing market include Velo3D, Stratasys, 3D System, GE Additive, EOS, Sciaky, Renishaw, Desktop Metal, Formlabs, and Carbon.
Key Insights from the North America Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the North America additive manufacturing market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the North America additive manufacturing market is provided in the report along with their competitive analysis.