North America 3D Printing Market

North America 3D Printing Market Overview

3D printing, also known as additive manufacturing, is a method of creating three dimensional solid objects from a digital file. In this process, physical objects are developed by depositing materials in layers based on a digital model and requires hardware, software, and materials to work together. The process enables to create complex shapes by using less material as compared to the traditional manufacturing methods. In the process of 3D printing, no additional special tools are required; instead of this, the part is developed directly on the built platform layer-by-layer, which leads to a unique set of advantages and limitations.

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Major North America 3D Printing Market Drivers

The key factors that are fuelling the growth of the North America 3D printing market include the increasing adoption of 3D printing in several industries such as healthcare and automotive as it helps in the production of customized products because of its improved accuracy and speed. In addition to this, the continuous technological advancements are leading to an enhancement in the speed, affordability & efficiency and increasing investments in the research & development activities by the companies in the 3D printing method is accelerating the implementation of the process in various application areas. The presence of the major key players in this region and the rise in the strategic partnerships and mergers & acquisitions between the companies is further increasing the product portfolio and the launch of new products is creating new growth opportunities for 3D printing in the market during the forecast period.

The increasing support from the government which includes the research & development funding from the National Science Foundation, mission agencies such as the National Institute of Health, Department of Defense, and National Aeronautics and Space Administration to support and accelerate the adoption of 3D printing technologies in North America are some other factors bolstering the growth of the 3D printing market in this region. The emergence of the COVID-19 [pandemic has positively impacted the demand for 3D printing in North America. The accelerating demand for medical equipments to treat various types of diseases is contributing to the growing demand of the market, especially in 2020. The strong demand for medical equipment will surge the demand for 3D printing on these devices. The factors that are restraining the growth of the North America 3D printing market include the high cost of the materials and lack of skilled labor.

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Based on the technology, the Direct Metal Laser Sintering is anticipated to increase at a higher CAGR during the forecast period owing to the high adoption of this technology across several industry verticals as it helps to streamline the production, provides end-product accuracy, and enhance the quality and accuracy of the products. The increasing use of direct metal laser sintering in the automotive and aerospace & defense industries to achieve high performance of the products also drives the market growth of this segment.

Based on the application, the Prototyping segment is expected to grow at a higher CAGR over the forecast period due to an increase in the growth of prototyping applications across various industries is leading to an increase in the adoption of 3D printing as it enables various organizations to reduce the cost of operation and decrease the waste at the time of prototype transitions in the traditional method of manufacturing.

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Regional – Segment Analysis

Based on the countries, the United States of America (US) is anticipated to grow at a higher compound annual growth rate during the forecast period owing to the increasing investments in the research & development activities paving the way for 3D printing in the market. In addition, the increasing utilization of 3D printing in manufacturing applications as it enables cost-effective customization, reduces the barrier to entry in the manufacturing & production of goods and increases the manufacturing speed and flexibility. All these factors are further surging the demand of the market in this region.

Top Market Players

Various notable players operating in the market include 3D Systems, Inc., Stratasys Ltd., Materialise, GE Additive, EOS, voxeljet AG, ExOne, SLM Solutions, HP, and EnvisionTEC among others.

Key Developments:

 In 2020, 3D Systems, Inc. expanded its agreement with Sanmina for developing certain plastic 3D printing platforms. Through this agreement, the company aims to increase capital investments in plastic material manufacturing, R&D, application development, software, and services to uphold the competitive advantages and accelerate innovation.

• • In 2020, Stratasys Ltd entered into a partnership with Origin, to promote and market the 3D-printed nasopharyngeal swabs of Origin to the healthcare providers and other testing centers in the U.S. Through this partnership, the company planned to strengthen its position as a provider of 3D printing solutions across the healthcare industry.

Segments covered in the Report:

The North America 3D printing market has been segmented on the basis of offering, process, technology, application, vertical, and countries. Based on the offering, the market is segmented into material, printer, software, and service. The material segment is further categorized into plastic, metals, ceramics, and other materials. The printer market is further categorized into industrial and desktop. The software segment is further categorized into inspection, design, scanning, and printing. Based on the process, the market is segmented into directed energy deposition, binder jetting, material jetting, material extrusion, sheet lamination, powder bed fusion, and vat photopolymerization. Based on the technology, the market is segmented into the fused deposition modelling, stereolithography, direct metal laser sintering, selective laser sintering, inkjet printing, polyjet printing/multijet printing, laser metal deposition, electron beam melting, laminated object manufacturing, digital light processing, and other technologies. Based on the application, the market is segmented into tooling, prototyping, and functional part manufacturing. Based on the vertical, the market is segmented into aerospace & defense, automotive, architecture & construction, healthcare, education, consumer products, energy, industrial, jewelry, printed electronics, food & culinary, and others.

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Key questions answered in this research report:

• • At what pace is the North America 3D printing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the North America 3D printing market? What will be the impact of drivers and restraints in the future?
  • Which process generated maximum revenues in 2019 and identify the most promising process during the forecast period?
  • What are the various application areas of the North America 3D Printing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Process, By Technology, By Application, By Vertical, By Countries
Regional Coverage	North America
Companies Profiled	3D Systems, Inc., Stratasys Ltd., Materialise, GE Additive, EOS, voxeljet AG, ExOne, SLM Solutions, HP, and EnvisionTEC, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

North America 3D Printing Market by Offering

• • Material
    • Plastic
    • Metals
    • Ceramics
    • Other Materials
  • Printer
    • Industrial
    • Desktop
  • Software
    • Inspection
    • Design
    • Scanning
    • Printing
  • Service

North America 3D Printing Market by Process

• • Directed Energy Deposition
  • Binder Jetting
  • Material Jetting
  • Material Extrusion
  • Sheet Lamination
  • Powder Bed Fusion
  • Vat Photopolymerization

North America 3D Printing Market by Technology

• • Fused Deposition Modelling
  • Stereolithography
  • Direct Metal Laser Sintering
  • Selective Laser Sintering
  • Inkjet Printing
  • Polyjet Printing/Multijet Printing
  • Laser Metal Deposition
  • Electron Beam Melting
  • Laminated Object Manufacturing
  • Digital Light Processing
  • Other Technologies

North America 3D Printing Market by Application

• • Tooling
  • Prototyping
  • Functional Part Manufacturing

North America 3D Printing Market by Vertical

• • Aerospace & Defense
  • Automotive
  • Architecture & Construction
  • Healthcare
  • Education
  • Consumer Products
  • Energy
  • Industrial
  • Jewelry
  • Printed Electronics
  • Food & Culinary
  • Others

North America 3D Printing Market by Countries

• • US 3D Printing Market All-Up (Option 1: Free 25% customization)
  • Canada 3D Printing Market All-Up (Option 2: Free 25% Customization)

North America 3D Printing Leading Market Players (Option 3: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3D Systems, Inc.
  • Stratasys Ltd.
  • Materialise
  • GE Additive
  • EOS
  • voxeljet AG
  • ExOne
  • SLM Solutions
  • HP
  • EnvisionTEC