North America 3d Printing Market (2019–2025) To Attain Market Value Of Us$ 12,317.4 Million By 2025, Growing At An Exponential Cagr Of 10.8%

As per the report published by UnivDatos Market Insights (UMI), the North America 3D printing market is anticipated to reach the market valuation of US$ 12,317.4 Million by 2025 expanding at considerable CAGR of 10.8% during the forecasted period (2019-2025). Products, materials, services paired with 3D printing technologies and applications are the significant 3D printing technology segments analyzed during the course of the study. The benefits of 3D printing technology can be witnessed among various industrial verticals wherein the adoption of additive technology has been the game-changer for end-user industries such as manufacturing and healthcare among others. In 2018, under component segment product dominated the North America 3D printing market. The segment is estimated to generate revenue of US$ 2,390.9 million by 2019. Alternatively, under technology segment, fused deposition modelling is projected to enjoy the rapid expansion throughout the reviewed period, owing to its user-friendly characteristics and familiarity with consumers. Moreover, 3D printing applications as direct manufacturing technologies are further bringing wider disruption. Thus, disruption is constantly occurring as functional parts production is gaining prominence in the North America 3D printing technology landscape. Additionally, rapidly expanding manufacturing sector is expected to present sufficient advancement of additive manufacturing.

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3D printing technology has gained vastly in prominence over the traditional manufacturing methods due to its efficiency and high precision rate. Considering the rapid growth prospects of the region in every aspect, the region continued to dominate the 3D industry in terms of market share in 2016. Furthermore, the growth in the region is mainly attributed to the efficient utilization of materials, time and cost efficiency, drastic surge in customization of 3D solutions, burgeoning technical up-gradation coupled with region’s economic potential to make consistent investments in the emerging economies. Furthermore, booming concept of dental 3D printing and launch of dental labs has completely revolutionized 3D printing technology in the healthcare sector, in turn displaying promising advancements in medical and dental fields.

For through analysis of the current and ongoing development of 3D Printing technology in North America region browse throughhttps://univdatos.com/report/north-america-market-insights-on-3d-printing-insights-and-forecasts-2019-2025

Unique variations of 3D printing technology are bifurcated extensively into component, technologies, applications and end-user industries. Determined by component type, the product market is bifurcated into industrial and personal 3D Printers. The industrial 3D printer segment has generated revenue of US$ 1,589.5 million in 2018. While polymer, plastics, metal and alloys and ceramics are the significant sub-segments of 3D printing material types available in the market. Polymers are anticipated to witness rapid adoption while ceramic material is predicted to witness highest CAGR growth of 12.4% throughout the forecast period. Moreover, custom design & manufacturing dominated the service segment of the 3D printing market in 2018. Additionally, based on technology type, 3D printing is segmented into fused deposition modelling, selective laser sintering, stereolithography, electron beam melting, and laminated object manufacturing technologies. In 2018, fused deposition modelling centered the market with optimum share. Among various 3D applications such as functional parts, fit and assembly, prototype modelling, education, metal casting, visual aids and presentation modelling, functional parts dominated the market with one-third of the market in 2018. Furthermore, manufacturing sector dominated the end-user industry segments of the North America 3D printing technology market, with market size of US$ 1,542.4 million in 2018, followed by healthcare and aerospace & defense sector.

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Additionally, for better investigation and penetration of 3D printing solutions, the report bifurcates the North America 3D printing technology market into distinct countries including U.S., Canada, Mexico and Rest of North America. In 2018, United States dominated the North America 3D printing technology market with major share coming from the United States, owing to its mature stage in the manufacturing sector paired with first-mover advantage in the technological advancement space. Some of the major companies profiled in the North America 3D Printing study include 3D Systems Corporation, Arcam AB, Royal DSM NV, Stratasys Ltd, Autodesk Inc., ExOne Company, Hoganas AB, Organovo Holdings Inc., Mcor Technologies Ltd and Voxeljet AG. These players consistently aim to focus on product development, new product launch and enhance their existing portfolios to expand their customer base and strengthen their market position through partnerships and collaborations which further offers them growth opportunities for geographic expansion.

North America 3D Printing Market Segmentation

Market Insight, by Component

• Product Component
  • Industrial Printer
  • Desktop Printer
• Material Component
  • Polymer
  • Plastic
  • Metal & Alloy
  • Ceramic
  • Other Materials
• Service Component
  • Custom Design and Manufacturing
  • After Sales Services

Market Insights, by Technology

• Stereolithography
• Selective Laser Sintering
• Electron Beam Melting
• Fused Deposition Modelling
• Laminated object Manufacturing
• Other Technologies

Market Insights, by Application

• Education/Research
• Visual Aids
• Presentation Modeling
• Fit and Assembly
• Prototype Tooling
• Metal Casting
• Functional Parts Production
• Other

Market Insight, by Industrial Vertical

• Education/Research
• Automotive
• Aerospace & Defense
• Healthcare
• Consumer Goods
• Manufacturing
• Construction
• Other Verticals

Market Insight, by Geography

• North America 3D Printing Market
  • U.S. 3D Printing Market
  • Canada 3D Printing Market
  • Mexico 3D Printing Market
  • Rest of North America 3D Printing Market

Top Companies Profiled

• 3D Systems Corporation
• Arcam AB
• Royal DSM N.V.
• ExOne GmbH
• Autodesk, Inc.
• Stratasys Ltd.
• Hoganas AB
• Ponoko Limited
• Mcor Technologies Limited
• Optomec, Inc.