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North America Additive Manufacturing Market – Industry Trends and Forecast to 2030

Chemical and Materials

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North America Additive Manufacturing Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Published Report
  • Dec 2022
  • North America
  • 350 Pages
  • No of Tables: 67
  • No of Figures: 25

North America Additive Manufacturing Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2030
Diagram Market Size (Base Year) USD MILLION
Diagram Market Size (Forecast Year) USD MILLION
Diagram CAGR %

Major Markets Players

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  • Dummy2
  • Dummy3
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North America Additive Manufacturing Market, By Material Type (Metal, Plastic, Alloys, and Ceramics), Technology (Stereolithography (SLA), Fused Disposition Modelling (FDM), Laser Sintering (LS), Binder Jetting Printing, Polyjet Printing, Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), and Others), Application (Automotive, Healthcare, Aerospace, Consumer Goods, Industrial, Defence, Architecture, and Others) Market Trends and Forecast to 2030.

Additive Manufacturing Market

North America Additive Manufacturing Market Analysis and Size

The additive manufacturing market is concerned with the design, production and distribution of yarn, cloth, clothing and garments. The raw material may be metal, plastics, alloys and ceramic. The additive manufacturing industries contribute significantly towards the national economy of many countries. Growing demand for lightweight components from the automotive and aerospace categories and advancement in 3D metal printing technologies has highly increased the demand in the North America additive manufacturing market.

Additive Manufacturing Market

Additive Manufacturing Market

The North America additive manufacturing market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue-impact solution to achieve your desired goal.

The North America additive manufacturing market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 20.8% in the forecast period of 2023 to 2030 and is expected to reach USD 34,265.62 million by 2030. The major factor driving the growth of the additive manufacturing market is the increasing demand for lightweight components from the automotive and aerospace industries.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2020 - 2015)

Quantitative Units

Revenue in USD Million

Segments Covered

By Material Type (Metal, Plastic, Alloys, and Ceramics), Technology (Stereolithography (SLA), Fused Disposition Modelling (FDM), Laser Sintering (LS), Binder Jetting Printing, Polyjet Printing, Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), and Others), Application (Automotive, Healthcare, Aerospace, Consumer Goods, Industrial, Defence, Architecture, and Others).

Countries Covered

U.S., Canada, and Mexico.

Market Players Covered

ANSYS, Inc, Höganäs AB, EOS, ARBURG GmbH + Co KG, Stratasys, Renishaw plc., YAMAZAKI MAZAK CORPORATION, Materialise, Markforged, Titomic Limited., SLM Solutions, Proto Labs, ENVISIONTEC US LLC, Ultimaker BV, American Additive Manufacturing LLC, Optomec, Inc., 3D system Inc., and ExOne. (A Subsidiary of Desktop Metal, Inc.), among others.

Market Definition

Additive manufacturing (AM) is different from the subtractive method of production, which envisages grinding out unnecessary material from a block of material. The use of additive manufacturing in industrial applications usually refers to 3D printing. Additive manufacturing involves a layer-by-layer addition of material to form an object while referring to a three-dimensional file with the help of a 3D printer and 3D printer software. A suitable additive manufacturing technology is selected from the available set of technologies depending upon the application.

North America Additive Manufacturing Market Dynamics

Drivers

  • Increasing demand for lightweight components from the automotive and aerospace industries

The automotive and aerospace sector requires numerous interacting technical and economic objectives of functional performance, lead time reduction, lightweight, cost management and delivery of safety-critical components. To meet the demand and to compensate for the fuel consumption and cost management to enhance the technical performance and allowable to make a lighter structure which directly related to enhancing economic and technical performance and which will help the airlines industry to carry more payload, which will directly improve their revenue. Additive manufacturing technologies, unlike conventional traditional manufacturing, use layer-by-layer manufacturing based on typical powder or wire and materials like plastic polymer, which is of lighter weight

  • Advantages offered by additive manufacturing in various end-user industries

 Industries like aerospace some of the industries that use the additive manufacturing product for their performance, and aeroplane parts are used by additive manufacturing products that are lightweight and can withstand harsh environmental conditions due to less material required, and the process of forming materials layers by layers aerospace industries utilize it as the advantage for weight reduction and waste reduction which are very important for the manufacturing of aerospace parts for major companies.

In rapidly innovating medical industries, the utilization of additive manufacturing products is of great advantage for doctors, patients and research institutions. Through functional prototype design provided by additive manufacturing technologies, it has been of great advantage to create a flexible design of various design lifesaving tools needed for surgical and study purposes, tools used in the dental procedure, pre-surgery models for CT scans, custom saw and drill guides, enclosure and specialized instrumentation.

  • Easy customization and bulk production using additive manufacturing

 Additive manufacturing customization, unlike traditional manufacturing, doesn’t add additional cost for customization and doesn’t require any certain mold or tools for the design it just needs a prototype 3D design and can be created by the customer itself because of the easy customization and fast production there is high demand, and we can mass produce any unique design without hampering the cost and time when making use of the 3D printers. Not only does it provide mass customized production, but it also gives the consumer a unique buyer and consumer experience where it gives them the feeling of belongingness and consumer satisfaction as compared to the counterpart who doesn’t provide personalized design. It also allows the consumer to buy the design of their choice. For example, NIKE, a shoe manufacturer, sells its shoes on their website with a 3D design where the consumer can add their colour choice on their own without much hesitation. This will add an advantage to market competition since, through this system, it lets the manufacturer know their client

  • Rise in industrialization and advancement in 3D metal printing technology

With the rise in industrialization, there is a huge demand for 3D metal printing products in industries like aerospace, automotive, health care and others industries. With the demand from various fields for parts in aerospace for their jets engine and other structural parts to customize parts in automotive industries to customize the design of shoes and other electronic gadgets there is a demand for the rigorous development of 3D printing technologies which will perform more efficiently and can produce the product at a much faster rate with more precision. So the demand for the advancement and convenience of additive manufacturing technologies lead to an increase in the demand for 3D metal printing technologies.

Opportunities

  • Advancement in the healthcare sector

 In the medical field, every patient is unique, and therefore additive manufacturing has a high potential to be utilized for personalized and customized medical applications. The most common medical clinical used are personalized implants and medical model saws guides. In dental fields, additive manufacturing products are used in splints, orthodontic appliances, dental models and drill guides. However, additive manufacturing products are also used to make artificial tissues and organs, which can be used for study purposes in a research institute or in between doctor and patients consultation. The development of digitalizing medical imaging that digitalization allows for the reconstruction of 3D models from patients' anatomy. The typical workflow of the personalized medical device starts with imaging or capturing the patient’s geometry of the anatomy using computed 3D scanning methods. Such data can be utilized to print 3D models of a patient’s anatomy or can be used to create personalized devices or implants.

  • Increasing government funding to promote additive manufacturing

Additive manufacturing has immense potential to revolutionize the manufacturing and industrial production landscape through digital processes, communication and imaging. Additive manufacturing is a trending business that has high demand from various industries like aerospace, automotive, medical sector, electronics, fashion etc. seeing the potential possibility of this sector's contribution to the nation's economy, governments of different countries are coming up with a different strategy to support and promote this industry.

Restraints/Challenges

  • High costs of the equipment, machinery and lack of skilled professional

The benefits that additive manufacturing provides have opened wide horizons for creating absolutely any 3D shapes and components. But not every business does not have the capacity to affordably integrate this type of activity into their business processes. Some of the most common causes that hinder the future of additive manufacturing are the high cost of equipment and the lack of professionals in this industry.

The average price for additive manufacturing equipment is between USD 300,000 to USD 1.5 million. The industrial consumables cost varies from USD 100 to USD 150 per piece. Although, the final price depends on the chosen material, such as plastic, which is considered the most budget-friendly option among all other materials available. The time required is also quite high as it takes more than an hour to print a 40cm object.

  • Lack of software efficiency

Additive manufacturing using the laser powder-bed fusion (PBF) process has the ability to build complex and intricate shapes along with organic structures which were previously too expensive or complex to make using traditional manufacturing operations. For example, the design freedoms achieved by laser PBF could be exploited to lightweight components to build the most intricate lattice structures for more efficient material usage. But, laser PBF has its disadvantages. It includes thin-walled/high-aspect-ratio parts that might fail during a build, difficult-to-remove support structures, layering effects on surface roughness and different process parameter settings such as laser settings for up-skin versus down-skin surfaces.

Recent Development

  • In February, SLM Solutions launched the SLM.Quality. It is a quality assurance software solution that enables customers to perform build job evaluations and process qualifications and part certifications more efficiently. Whether it's for single part or series production, the SLM. Quality solutions can support industrial customers during the qualification process, improving the traceability and documentation of key process data. This development will help the company to attract more customers.
  • In February, SLM Solutions and Assembrix jointly announced the successful integration of the Assembrix VMS software with SLM Solutions machines across the globe. This new partnership will meet the growing demand by OEMs for secure distributed additive manufacturing and enable the creation of a reliable, international additive manufacturing ecosystem.

North America Additive Manufacturing Market Scope

The North America additive manufacturing market is categorized based on material type, technology, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Material Type

On the basis of material type, the North America additive manufacturing market is classified into five segments metals, plastics, alloys, and ceramics,.

Technologies

  • Stereolithography (SLA)
  • Fused Disposition Modelling (FDM)
  • Laser Sintering (LS)
  • Binder Jetting Printing
  • Polyjet Printing
  • Electron Beam Melting (EBM)
  • Laminated Object Manufacturing (LOM)
  • Others

On the basis of technology, the North America additive manufacturing market is classified into eight Segments Stereolithography (SLA), Fused Disposition Modelling (FDM), Laser Sintering (LS), Binder Jetting printing, Polyjet printing, Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), and others.

Application

  • Automotive
  • Healthcare
  • Aerospace
  • Consumer Goods
  • Industrial
  • Defence
  • Architecture
  • Others

Europe Additive Manufacturing Market

On the basis of application, the North America additive manufacturing market is classified into eight segments healthcare, aerospace, consumer goods, industrial, defence, architecture, and others.

North America Additive Manufacturing Market Regional Analysis/Insights

The North America Additive manufacturing market is segmented on the basis of material type technology and applications.

The countries in the North America additive manufacturing market are the U.S., Canada, and Mexico, where the USA is the leading market in the region.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and North America Additive Manufacturing Market Share Analysis

North America additive manufacturing market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the North America Additive manufacturing market.

Some of the prominent participants operating in the North America additive manufacturing market are SLM Solutions, Proto Labs, Stratasys, Renishaw plc., Materialise, Titomic Limited., Höganäs AB, YAMAZAKI MAZAK CORPORATION, Markforged, Ultimaker BV, Optomec, Inc., ExOne. (A Subsidiary of Desktop Metal, Inc.), American Additive Manufacturing LLC, ANSYS, Inc., ARBURG GmbH + Co KG, ENVISIONTEC US LLC, EOS, and 3D Systems, Inc., among others.


SKU-

TABLE 1 REGULATORY FRAMEWORK

TABLE 2 NORTH AMERICA ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 3 NORTH AMERICA METAL IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 4 NORTH AMERICA METAL IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 5 NORTH AMERICA PLASTIC IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 6 NORTH AMERICA PLASTIC IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 7 NORTH AMERICA OTHERS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 8 NORTH AMERICA ALLOYS IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 9 NORTH AMERICA ALLOYS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 10 NORTH AMERICA CERAMICS IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 11 NORTH AMERICA CERAMICS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 12 NORTH AMERICA ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 13 NORTH AMERICA STEREOLITHOGRAPHY (SLA) IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 14 NORTH AMERICA FUSED DISPOSITION MODELLING (FDM) IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 15 NORTH AMERICA LASER SINTERING (LS) IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 16 NORTH AMERICA LASER SINTERING (LS) IN ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 17 NORTH AMERICA BINDER JETTING PRINTING IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 18 NORTH AMERICA POLYJET PRINTING IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 19 NORTH AMERICA ELECTRON BEAM MELTING (EBM) IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 20 NORTH AMERICA LAMINATED OBJECT MANUFACTURING (LOM) IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 21 NORTH AMERICA OTHERS IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 22 NORTH AMERICA ADDITIVE MANUFACTURING MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 23 NORTH AMERICA AUTOMOTIVE IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 24 NORTH AMERICA HEALTHCARE IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 25 NORTH AMERICA AEROSPACE IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 26 NORTH AMERICA CONSUMER GOODS IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 27 NORTH AMERICA INDUSTRIAL IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 28 NORTH AMERICA DEFENCE IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 29 NORTH AMERICA ARCHITECTURE IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 30 NORTH AMERICA OTHERS IN ADDITIVE MANUFACTURING MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 31 NORTH AMERICA ADDITIVE MANUFACTURING MARKET, BY COUNTRY, 2021-2030 (USD MILLION)

TABLE 32 NORTH AMERICA ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 33 NORTH AMERICA METAL IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 34 NORTH AMERICA PLASTIC IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 35 NORTH AMERICA OTHERS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 36 NORTH AMERICA ALLOYS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 37 NORTH AMERICA CERAMICS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 38 NORTH AMERICA ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 39 NORTH AMERICA LASER SINTERING (LS) IN ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 40 NORTH AMERICA ADDITIVE MANUFACTURING MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 41 U.S. ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 42 U.S. METAL IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 43 U.S. PLASTIC IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 44 U.S. OTHERS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 45 U.S. ALLOYS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 46 U.S. CERAMICS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 47 U.S. ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 48 U.S. LASER SINTERING (LS) IN ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 49 U.S. ADDITIVE MANUFACTURING MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 50 CANADA ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 51 CANADA METAL IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 52 CANADA PLASTIC IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 53 CANADA OTHERS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 54 CANADA ALLOYS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 55 CANADA CERAMICS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 56 CANADA ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 57 CANADA LASER SINTERING (LS) IN ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 58 CANADA ADDITIVE MANUFACTURING MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 59 MEXICO ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 60 MEXICO METAL IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 61 MEXICO PLASTIC IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 62 MEXICO OTHERS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 63 MEXICO ALLOYS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 64 MEXICO CERAMICS IN ADDITIVE MANUFACTURING MARKET, BY MATERIAL TYPE, 2021-2030 (USD MILLION)

TABLE 65 MEXICO ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 66 MEXICO LASER SINTERING (LS) IN ADDITIVE MANUFACTURING MARKET, BY TECHNOLOGY, 2021-2030 (USD MILLION)

TABLE 67 MEXICO ADDITIVE MANUFACTURING MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

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FREQUENTLY ASK QUESTIONS

The growth of the North America Additive Manufacturing Market is 20.8% CAGR from 2022 to 2030.
The North America Additive Manufacturing Market valuates at $34,265.62 million by 2030.
The North America Additive Manufacturing Market report covers the segments of material type technology and applications.
The North America Additive Manufacturing Market will go through some restraints due to a surge in equipment cost & less labor and knowledge skills.
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