North America 3d Printing Market Forecast 2023-2032
KEY FINDINGS
The North America 3D printing market is predicted to propel at an 18.05% CAGR during the forecast period, 2023-2032. The growing adoption of additive manufacturing technologies across various sectors is expected to drive market growth during the forecast period.
MARKET INSIGHTS
The North America 3D printing market growth analysis entails the evaluation of the United States and Canada. Canada’s additive manufacturing ecosystem is diverse, featuring a well-integrated value chain that includes powder manufacturing, robotics, printer manufacturing, and artificial intelligence. The increasing use of 3D printing applications in aerospace, biomedical, and healthcare industries is anticipated to further propel the market.
In July 2021, the Federal Economic Development Agency for Southern Ontario invested $8.2 million in a Waterloo-based additive manufacturing consortium. This investment aims to help SMEs accelerate new technologies, integrate into new supply chains, and train the next generation of skilled workers.
Additionally, in July 2020, the Next Generation Manufacturing Supercluster (NGen) announced a $28.8 million collaborative funding effort for nine manufacturing projects, including a consortium focused on developing additive manufacturing-based applications to improve the energy sector’s environmental performance. Such federal government investments promoting the adoption of additive manufacturing are expected to accelerate market growth in Canada during the forecast period.
COMPETITIVE INSIGHTS
Leading market players include Autodesk Inc, 3D Systems Inc, GE Additive, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Market Definition
- 3.2. Key Drivers
- 3.2.1. Growing Use Of 3d Printing For Enhanced Manufacturing Efficiency
- 3.2.2. Substantial Benefits Over Traditional Methods
- 3.2.3. Utilization Of Multiple Materials For Printing
- 3.2.4. Minimizing Human Errors
- 3.2.5. 3d Printing Facilitates Customization And Innovation
- 3.2.6. 3d Printing Saves Cost And Time
- 3.2.7. Rising Use Of 3d Printing Technology In Various Industries
- 3.3. Key Restraints
- 3.3.1. Shortage Of Skilled Labor
- 3.3.2. Implementation Costs For Individual Consumers
- 3.3.3. Legal Risks And Regulation Standards
- 3.3.4. Weak Structural Design
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On 3d Printing Market
- 4.2. Key Market Trends
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Supply Chain Analysis
- 4.6. Sector-wise Adoption Of 3d Printing
- 4.7. Regulatory Framework
- 5. Market By Component
- 5.1. Hardware
- 5.2. Software
- 5.3. Services
- 6. Market By Technology
- 6.1. Stereolithography
- 6.2. Fuse Deposition Modeling (Fdm)
- 6.3. Selective Laser Sintering (Sls)
- 6.4. Direct Metal Laser Sintering (Dmls)
- 6.5. Polyjet Printing
- 6.6. Inkjet Printing
- 6.7. Electron Beam Melting (Ebm)
- 6.8. Laser Metal Deposition (Lmd)
- 6.9. Digital Light Processing (Dlp)
- 6.10. Laminated Object Manufacturing (Lom)
- 7. Market By Industry Vertical
- 7.1. Automotive
- 7.2. Aerospace & Defense
- 7.3. Healthcare
- 7.4. Consumer Electronics
- 7.5. Industrial Products
- 7.6. Power & Energy
- 7.7. Other Industry Verticals
- 8. Market By Application
- 8.1. Prototyping
- 8.2. Tooling
- 8.3. Low-volume Manufacturing
- 8.4. Healthcare & Biomedical Devices
- 8.5. Art & Design
- 8.6. Other Applications
- 9. Market By Material Type
- 9.1. Plastic
- 9.2. Photopolymer
- 9.3. Metals And Metal Alloys
- 9.4. Ceramics
- 9.5. Other Material Types
- 10. Geographical Analysis
- 10.1. North America
- 10.1.1. Market Size & Estimates
- 10.1.2. Key Growth Enablers
- 10.1.3. Key Challenges
- 10.1.4. Key Players
- 10.1.5. Country Analysis
- 10.1.5.1. United States
- 10.1.5.2. Canada
- 11. Competitive Landscape
- 11.1. Key Strategic Developments
- 11.1.1. Mergers & Acquisitions
- 11.1.2. Product Launches & Developments
- 11.1.3. Partnerships & Agreements
- 11.1.4. Business Expansions & Divestitures
- 11.2. Company Profiles
- 11.2.1. 3d Systems Inc
- 11.2.2. Arkema Sa
- 11.2.3. Autodesk Inc
- 11.2.4. Basf Se (Basf 3d Printing Solutions Gmbh)
- 11.2.5. Covestro Ag
- 11.2.6. Eos Gmbh Electro Optical Systems (Eos)
- 11.2.7. Evonik Industries Ag
- 11.2.8. Exone (Desktop Metal Inc)
- 11.2.9. Formlabs
- 11.2.10. Ge Additive
- 11.2.11. Höganäs Ab
- 11.2.12. Hp Inc
- 11.2.13. Markforged
- 11.2.14. Materialise Nv
- 11.2.15. Optomec Inc
- 11.2.16. Organovo Holdings Inc
- 11.2.17. Renishaw Plc
- 11.2.18. Slm Solutions
- 11.2.19. Stratasys Ltd
- 11.2.20. Voxeljet Ag
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook