North America Additive Manufacturing (AM) Market by Technology (Stereolithography, Fused Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing, and Others) by Printer Type (Desktop 3D Printer and Industrial 3D Printer) by Material (Polymer, Metal, and Ceramic) by Application (Prototyping, Tooling, and Functional Parts) by Component (Hardware, Software, and Services) and by End-User (Industrial Additive Manufacturing and Desktop Additive Manufacturing) – Opportunity Analysis and Industry Forecast 2023–2030

North America Additive Manufacturing (AM) Market

Industry:  Semiconductor & Electronics | Publish Date: Jul 2023 | No of Pages:  114 | No. Tables:  93 | No. Figures:  60

Market Definition

North America Additive Manufacturing (AM) Market was valued at USD 7.08 billion in 2022, and is predicted to reach USD 28.83 billion by 2030, with a CAGR of 19.2% from 2023 to 2030. Additive manufacturing, also referred to as additive layer manufacturing (ALM) or 3D printing, is a computer-controlled method that builds 3D objects by depositing materials in successive layers. It relies on data, computer-aided design (CAD) software, or 3D object scanners to guide the hardware in precisely shaping the materials. To initiate the additive manufacturing process, a design must be created beforehand. This is typically accomplished using CAD software or by scanning an existing object that needs to be printed. The software then translates the design into a step-by-step blueprint that the additive manufacturing machine follows. Once the blueprint is transferred to the 3D printer, the fabrication of the object commences immediately. The actual additive manufacturing process can vary in duration, ranging from several hours to several days, depending on the size of the object being produced.

Strong Manufacturing Industry and Willingness to Embrace Additive Manufacturing

North America has a robust and diverse manufacturing industry across sectors such as aerospace, automotive, healthcare, and consumer goods. The region's manufacturing sector has shown a willingness to embrace new technologies and processes that improve efficiency, reduce costs, and enhance competitiveness. Additive manufacturing offers these benefits, leading to its increased adoption in North American manufacturing industries.

 

Healthcare Investment Facilitating Adoption of 3D Digital Printing in North America

The substantial healthcare investment in North America enables healthcare providers to embrace cutting-edge technologies, including 3D digital printing. This advanced technique allows for the creation of patient-specific surgical models, affordable prostheses, and dental implants. The region's commitment to healthcare innovation and investment has facilitated the adoption of 3D digital printing, revolutionizing patient care and treatment outcomes. For instance, in January 2022, Protolabs launched a post-processing technology called vapor smoothing for 3D printed production parts. Vapor smoothing can enhance the finishing of 3D printed parts including complex geometries. 

 

Cost Restraints in Additive Manufacturing for North America

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.

Technological Advancements in Additive Manufacturing Market

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.

 

Competitive Landscape

The additive manufacturing industry includes several market players such as Stratasys, Markforged Holding Corporation, Desktop Metal Inc., Velo3d, Inc., Formlabs Inc., Protolabs., Xometry Inc., Shapeway Holdings Inc., D Systems, General Electric. These market players are adopting various strategies such as product launches to maintain their dominance in the market of North America.

For instance, in June 2022, Velo3D launched its latest industrial additive manufacturing system ‘Sapphire XC 1MZ’. This product has a faster proprietary non-contact recoater that guarantees a lack of part collision, protecting both the printed build and the recoater while slashing the downtime between layers.

KEY BENEFITS

  • The North America additive manufacturing market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.

  • The competitive analysis of the market players along with their market share in the North America additive manufacturing market.

  • The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

NORTH AMERICA ADDITIVE MANUFACTURING MARKET KEY SEGMENTS

By Technology

  • Stereolithography

  • Fused Deposition Modeling

  • Selective Laser Sintering

  • Direct Metal Laser Sintering

  • Polyjet Printing

  • Inkjet Printing

  • Electron Beam Melting

  • Laser Metal Deposition

  • Digital Light Processing

  • Laminated Object Manufacturing

  • Others

By Printing Type 

  • Desktop 3D Printer 

  • Industrial 3D Printer

By Material

  • Polymer

  • Metal

  • Ceramic

By Application

  • Prototyping    

  • Tooling    

  • Functional Parts    

By Component

  • Hardware

  • Software

    • Design Software    

    • Inspection Software    

    • Printer Software    

    • Scanning Software    

  • Services

By End-User

  • Industrial Additive Manufacturing

    • Automotive    

    • Aerospace and Defense    

    • Healthcare    

    • Consumer Electronics    

    • Power and Energy    

    • Others    

  • Desktop Additive Manufacturing        

    • Educational Purpose    

    • Fashion and Jewelry    

    • Objects    

    • Dental    

    • Food    

    • Others

KEY PLAYERS

  • Stratasys

  • Markforged Holding Corporation

  • Desktop Metal Inc.

  • Velo3d, Inc.

  • Formlabs Inc.

  • Protolabs.

  • Xometry Inc.

  • Shapeway Holdings Inc.

  • 3D Systems

  • General Electric


Frequently Asked Questions
What will be the worth of North America additive manufacturing market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the North America additive manufacturing market business is expected to hit at $28.83 billion (USD) by 2030.

Which are the top companies in the North America additive manufacturing industry?

Stratasys, Markforged Holding Corporation, Desktop Metal Inc., Velo3d, Inc., Formlabs Inc., Protolabs., Xometry Inc., Shapeway Holdings Inc., D Systems, General Electric.

What are the market segmentations and scope of the study?

The North America additive manufacturing market share analysis is based on technology, printing type, material, application, component, and end-user.

What factors are fueling the growth of the North America additive manufacturing market?

The growth of the North America additive manufacturing market is fueled by a strong manufacturing industry, substantial healthcare investment, and technological advancements.

What are the factors restraining the growth of the North America additive manufacturing market?

The factors restraining the growth of the North America additive manufacturing market are such as high initial setup costs, limited material options, and regulatory challenges.