North America 3D Printing Market:
Growth Opportunities in the North America 3D Printing Market look promising over the next six years. This is mainly due to the high adoption of 3D printing in various sectors, including healthcare, and rapid technological advancements are resulting in the improvement in the speed and the rising investment in the R&D activities by the organizations in the 3D printing method.
North America 3D Printing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The high adoption of 3D printing in various sectors, including healthcare and automotive, as it enables the production of customized products driven by its enhanced speed and accuracy are the key drivers accelerating the growth of the North America 3D printing market. Furthermore, the rapid technological advancements are resulting in improved speed, affordability & efficiency, and the rising investment in the R&D activities by the organizations in the 3D printing method is surging the introduction of the process in several applications areas. The strong presence of the leading players and the growth in the strategic partnerships and mergers & acquisitions between the organizations is further boosting the product portfolio, and the introduction of new products is opening new doors for the growth of 3D printing in the market in the coming years.
The growing support from the government, such as the R&D funding from the National Science Foundation, Department of Defense, mission agencies such as the National Institute of Health, and National Aeronautics and Space Administration to support and the increasing adoption of 3D printing technologies in North America are propelling the growth of the market. The outbreak of the COVID-19 pandemic has accelerated the demand for 3D printing in North America. The rising demand for medical equipment to treat numerous kinds of diseases is fuelling the demand of the market, particularly in 2020. The growing demand for medical equipment will further boost the demand for the market. On the other hand, the factors hindering the growth of the market include the limited skilled labor and the increased cost of the materials.
Technology Segment Drivers
Based on the technology, the direct metal laser sintering is expected to grow at a faster CAGR in the coming years due to the increasing adoption of this technology across various industry verticals as it offers end-product accuracy, aids in streamlining the production, and better quality and accuracy of the products. The growing usage of direct metal laser sintering in the automotive and aerospace & defense sectors to achieve high performance of the products will further fuel the growth of the market.
North America 3D Printing Market’s leading Manufacturers:
- 3D Systems, Inc.
- Stratasys Ltd.
- Materialise
- GE Additive
- EOS
- voxeljet AG
- ExOne
- SLM Solutions
- HP
- EnvisionTEC
North America 3D Printing Market Segmentation:
Segmentation by Offering:
- Material
- Plastic
- Metals
- Ceramics
- Other Materials
- Printer
- Industrial
- Desktop
- Software
- Inspection
- Design
- Scanning
- Printing
- Service
Segmentation by Process:
- Directed Energy Deposition
- Binder Jetting
- Material Jetting
- Material Extrusion
- Sheet Lamination
- Powder Bed Fusion
- Vat Photopolymerization
Segmentation 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
Segmentation by Application:
- Tooling
- Prototyping
- Functional Part Manufacturing
Segmentation by Vertical:
- Aerospace & Defense
- Automotive
- Architecture & Construction
- Healthcare
- Education
- Consumer Products
- Energy
- Industrial
- Jewelry
- Printed Electronics
- Food & Culinary
- Others
Segmentation by Region:
- United States of America
- Canada
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
