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
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.
North America possesses a strong and varied manufacturing industry spanning sectors like aerospace, automotive, healthcare, and consumer goods. This industry has demonstrated a willingness to embrace innovative technologies and methods that enhance efficiency, lower expenses, and improve competitiveness. As a result, additive manufacturing has gained traction within North American manufacturing, with its adoption on the rise. This is because additive manufacturing presents numerous advantages that align with the needs and objectives of these industries in North America.
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.
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.
Segment Overview
The global additive manufacturing industry is segmented on the basis of technology, printer type, application, component, and end-user.
By technology, the market is classified into 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, the market is categorized into desktop 3d printer and industrial 3d printer) by material (polymer, metal, and ceramic
By application, the market is segmented into prototyping, tooling, and functional parts management, harvest management, soil management, inventory management, and others.
By component, the market is categorized into hardware, software, and services
By end user, the market is segmented into industrial additive manufacturing and desktop additive manufacturing
Key Market Players
The key players in the global additive manufacturing market research include companies such as:
• Stratasys
• Markforged Holding Corporation
• Desktop Metal Inc.
• Velo3d, Inc.
• Formlabs Inc.
• Protolabs.
• Xometry Inc.
• Shapeway Holdings Inc.
• D Systems
• General Electric
Recent Developments
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 additive manufacturing market report provides a quantitative analysis of the current market and estimations from 2023 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the market trends, including current and future trends for depicting 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 additive manufacturing market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.
Companies Mentioned
KEY PLAYERS
Stratasys
Markforged Holding Corporation
Desktop Metal Inc.
Velo3d, Inc.
Formlabs Inc.
Protolabs.
Xometry Inc.
Shapeway Holdings Inc.
D Systems
General Electric
- 1. Introduction
- 1.1. Report Description
- 1.2. Who Should Read This Report
- 1.3. Key Market Segments
- 1.4. Key Market Players
- 1.5. Research Methodology
- 1.5.1 Secondary Research
- 1.5.2 Data Analysis Framework
- 1.5.3 Market Size Estimation
- 1.5.4 Forecasting
- 1.5.5 Primary Research And Data Validation
- 2. North America Additive Manufacturing Market
- 2.1. North America
- 2.1.1 North America Additive Manufacturing Market, By Technology
- 2.1.2 North America Additive Manufacturing Market, By Printer Type
- 2.1.3 North America Additive Manufacturing Market, By Material
- 2.1.4 North America Additive Manufacturing Market, By Application
- 2.1.5 North America Additive Manufacturing Market, By Component
- 2.1.5.1. North America Software Market, By Component
- 2.1.6 North America Additive Manufacturing Market, By End-user
- 2.1.6.1. North America Industrial Additive Manufacturing Market, By End-user
- 2.1.6.2. North America Desktop Additive Manufacturing Market, By End-user
- 2.1.7 North America Additive Manufacturing Market, By Country
- 2.1.7.1. U.S.
- 2.1.7.1.1. U.S. Additive Manufacturing Market, By Technology
- 2.1.7.1.2. U.S. Additive Manufacturing Market, By Printer Type
- 2.1.7.1.3. U.S. Additive Manufacturing Market, By Material
- 2.1.7.1.4. U.S. Additive Manufacturing Market, By Application
- 2.1.7.1.5. U.S. Additive Manufacturing Market, By Component
- 2.1.7.1.5.1. U.S. Software Market, By Component
- 2.1.7.1.6. U.S. Additive Manufacturing Market, By End-user
- 2.1.7.1.6.1. U.S. Industrial Additive Manufacturing Market, By End-user
- 2.1.7.1.6.2. U.S. Desktop Additive Manufacturing Market, By End-user
- 2.1.7.2. Canada
- 2.1.7.2.1. Canada Additive Manufacturing Market, By Technology
- 2.1.7.2.2. Canada Additive Manufacturing Market, By Printer Type
- 2.1.7.2.3. Canada Additive Manufacturing Market, By Material
- 2.1.7.2.4. Canada Additive Manufacturing Market, By Application
- 2.1.7.2.5. Canada Additive Manufacturing Market, By Component
- 2.1.7.2.5.1. Canada Software Market, By Component
- 2.1.7.2.6. Canada Additive Manufacturing Market, By End-user
- 2.1.7.2.6.1. Canada Industrial Additive Manufacturing Market, By End-user
- 2.1.7.2.6.2. Canada Desktop Additive Manufacturing Market, By End-user
- 2.1.7.3. Mexico 59
- 2.1.7.3.1. Mexico Additive Manufacturing Market, By Technology
- 2.1.7.3.2. Mexico Additive Manufacturing Market, By Printer Type
- 2.1.7.3.3. Mexico Additive Manufacturing Market, By Material
- 2.1.7.3.4. Mexico Additive Manufacturing Market, By Application
- 2.1.7.3.5. Mexico Additive Manufacturing Market, By Component
- 2.1.7.3.5.1. Mexico Software Market, By Component
- 2.1.7.3.6. Mexico Additive Manufacturing Market, By End-user
- 2.1.7.3.6.1. Mexico Industrial Additive Manufacturing Market, By End-user
- 2.1.7.3.6.2. Mexico Desktop Additive Manufacturing Market, By End-user
- 3. Company Profiles
- 3.1. Stratasys
- 3.1.1 Company Overview
- 3.1.1 Company Snapshot
- 3.1.2 Operating Business Segments
- 3.1.3 Product Portfolio
- 3.1.4 Business Performance
- 3.1.5 Sales By Geographic Segment
- 3.1.6 Sales By Geographic Segment
- 3.1.7 Key Strategic Moves & Developments
- 3.1.8 Primary Market Competitors
- 3.2. Markforged Holding Corporation
- 3.2.1 Company Overview
- 3.2.2 Company Snapshot
- 3.2.3 Operating Business Segments
- 3.2.4 Product Portfolio
- 3.2.5 Business Performance
- 3.2.6 Sales By Business Segment
- 3.2.7 Sales By Geographic Segment
- 3.2.8 Key Strategic Moves & Developments
- 3.2.9 Primary Market Competitors
- 3.3. Desktop Metal Inc.
- 3.3.1 Company Overview
- 3.3.2 Company Snapshot
- 3.3.3 Product Portfolio
- 3.3.4 Business Performance
- 3.3.5 Sales By Geographic Segment
- 3.3.6 Key Strategic Moves & Developments
- 3.3.7 Primary Market Competitors
- 3.4. Velo3d, Inc.
- 3.4.1 Company Overview
- 3.4.2 Company Snapshot
- 3.4.3 Operating Business Segments
- 3.4.4 Product Portfolio
- 3.4.5 Business Performance
- 3.4.6 Sales By Business Segment
- 3.4.7 Sales By Geographic Segment
- 3.4.8 Key Strategic Moves & Developments
- 3.4.9 Primary Market Competitors
- 3.5. Formlabs Inc.
- 3.5.1 Company Overview
- 3.5.2 Company Snapshot
- 3.5.3 Product Portfolio
- 3.5.4 Key Strategic Moves & Developments
- 3.5.5 Primary Market Competitors
- 3.6. Protolabs.
- 3.6.1 Company Overview
- 3.6.3 Company Snapshot
- 3.6.4 Operating Business Segments
- 3.6.5 Product Portfolio
- 3.6.6 Business Performance
- 3.6.7 Sales By Business Segment
- 3.6.8 Sales By Geographic Segment
- 3.6.9 Keys Strategic Moves & Developments
- 3.6.10 Primary Market Competitors
- 3.7. Xometry Inc.
- 3.7.1 Company Overview
- 3.7.2 Company Snapshot
- 3.7.3 Product Portfolio
- 3.7.4 Business Performance
- 3.7.5 Sales By Geographic Segment
- 3.7.6 Key Strategic Moves & Developments
- 3.7.7 Primary Market Competitors
- 3.8. Shapeway Holdings Inc.
- 3.8.1 Company Overview
- 3.8.2 Company Snapshot
- 3.8.3 Operating Business Segments
- 3.8.4 Product Portfolio
- 3.8.5 Business Performance
- 3.8.6 Sales By Business Segment
- 3.8.7 Key Strategic Moves & Developments
- 3.8.8 Primary Market Competitors
- 3.9.D Systems
- 3.9.1 Company Overview
- 3.9.2 Company Snapshot
- 3.9.3 Operating Business Segments
- 3.9.4 Product Portfolio
- 3.9.5 Business Performance
- 3.9.6 Sales By Business Segment
- 3.9.7 Sales By Geographic Segment
- 3.9.8 Key Strategic Moves & Developments
- 3.9.9 Primary Market Competitors
- 3.10. General Electric
- 3.10.1 Company Overview
- 3.10.1 Company Snapshot
- 3.10.2 Operating Business Segments
- 3.10.3 Product Portfolio
- 3.10.4 Business Performance
- 3.10.5 Sales By Geographic Segment
- 3.10.6 Sales By Geographic Segment
- 3.10.7 Key Strategic Moves & Developments
- 3.10.8 Primary Market Competitors
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