North America 3D Printing Market: Current Analysis and Forecast (2018-2024)

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Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))

Pages:

147

Table:

42

Figure:

95

Report ID:

UMME18126

Geography:

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Report Description
Table of content
Research Methodology

Report Description

North America holds prominent share in 3D printing market as it is fast gaining preference over traditional manufacturing methods and growing awareness about the benefits of 3D printing technology. The region encompasses US, Canada and Mexico. Moreover, reduction in costs for mass customization has further accelerated the product development via additive manufacturing. In addition, US is also slated to exhibit highest growth owing to growth in IT spending and rapid growth in adoption rate among various industry verticals specifically consumer products, health care, automobile, defense and aerospace. Canada captures the second largest position in additive manufacturing as it has remarkably revolutionized the manufacturing industry of the country.

North America 3D printing market was valued at US 3,021.1 million in 2017 and was expected to register tremendous CAGR of XX% during the forecasted period . North America 3D printing has primarily driven owing to rising investments by major peers, falling printer prices and supportive regulatory framework.  Government in North America have realized the vast applications and huge benefits of 3D Printing and further facilitate the embracement of this innovative technology. However, legal issues faced by major 3D players while implementing such advanced technology in terms of restricting the production of 3D printed armaments pose a challenge to the potential of North America 3D printing market. In addition, technological advancement in 3D metal printing and in different end-user industries such as healthcare would provide ample growth opportunity for the adoption of 3D printing for various medical diagnoses.

Insights Presented in the Report:

  • The report analyses 3D Printing market report majorly based on component, technology, applications and end users. Products, materials and services are the major components considered in the deep analysis of the 3D printing industry.
  • Product segment is further classified into professional printers and desktop printers. Product segment is expected to register fastest growth, owing to increasing demand for desktop 3D printers over the period of time although industrial printers is projected to continue to display its dominance till 2024.
  • North America 3D printing material market is further divided into different material types including polymer, plastic, metal and alloys, ceramics and others materials. In 2017, polymer segment dominated the North America 3D printing material market as they represent greatest penetration and user accessibility in 3D printing.
  • Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused deposition modeling, Laminated object Manufacturing and Others are the major technologies considered while analyzing the regional 3D printing market. Fused Deposition Modelling, Selective Laser Sintering and Stereolithography constitute as the topmost technologies in 3D printing. Fused Deposition Modelling occupied the largest share in 2017 as it is one of the prominent and user friendly technology that is widely used to create 3D printed objects.
  • Based on application type, North America 3D printing market is bifurcated into functional parts, fit and assembly, prototype modelling, education, metal casting, Visual Aids, Presentation Modelling and other applications. Functional parts captured maximum share during 2017 owing to its fast speed, quality and low cost of additive manufacturing.
  • Furthermore, 3D printing techniques find its major application in verticals such as education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others. Manufacturing sector dominated 3D printing landscape during 2017 owing to bolstering digitalization wherein 3D printing solutions have paved way for manufacturing companies.
  • For better understanding of the geographical penetration of 3D printing market in North America, the market is analyzed based on its outreach in the countries such as U.S., Canada, Mexico and rest of North America. The US continues to lead the global 3D printing market attributed to spur in IT spending of country and wide array of industries embracing 3D printing to manufacture high performing 3D customized products. The US constitutes to be one of the highest revenue generating country in North America attributed to surging acceptance of 3D printing in wide spectrum of industries.
  • Key companies profiled in the report include 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Autodesk, Inc., The ExOne Company, Hoganas AB, Organovo Holdings, Inc, Mcor Technologies Limited and Voxeljet AG. Influx of numerous players into 3D printing and existing manufacturers adopting 3D printing to simplify production and enhance the quality of their products has resulted into generation of new paradigms in manufacturing in North America.

Reasons to buy the Report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
  • Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
  • Examination of industry attractiveness  with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The North America 3D Printing Market can be customized to the regional country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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 1.1Market Definition        
 1.2Objective of the Study       
 1.3Limitation        
 1.4Stakeholders        
 1.5Currency used in the Report

 

 2.1Secondary Data        
  2.1.1Key Secondary Sources      
 2.2Primary Data        
  2.2.1Sampling Techniques & Data Collection Methods    
  2.2.2Primary Participants       
 2.3Supply Side & Demand Side Analysis
 5.1Introduction        
 5.2Market Dynamics        
  5.2.1Market Drivers       
   5.2.1.1Falling Printer Prices      
   5.2.1.2Surging Investments      
   5.2.1.3Supportive Regulatory Framework    
  5.2.2Market Restraints       
   5.2.2.1Legal Issues Faced by Major 3D Players    
  5.2.3Opportunities in the Market      
   5.2.3.13D Metal Printing      
   5.2.3.23D Printing tend to transform Healthcare
 6.1Product Segment        
  6.1.1General Introduction       
   6.1.1.1Professional/Industrial Printer     
   6.1.1.2Personal/Desktop 3D Printers     
 6.2Material Segment        
  6.2.1General Introduction       
   6.2.1.1Polymer       
   6.2.1.2Plastic       
   6.2.1.3Metals and Alloys      
   6.2.1.4Ceramic       
   6.2.1.5Other Materials      
 6.3Service Segment        
  6.3.1General Introduction       
   6.3.1.1Custom Design and Manufacturing    
   6.3.1.2After Sales Service 
 7.1General Introduction       
  7.1.1Stereolithography Technology      
  7.1.2Selective Laser Sintering      
  7.1.3Electron Beam Melting       
  7.1.4Fused Deposition Modelling      
  7.1.5Laminated object Manufacturing      
  7.1.6Other Technologies
 7.1General Introduction       
  7.1.1Visual Aids       
  7.1.2Presentation Modelling      
  7.1.3Fit & Assembly       
  7.1.4Prototype Tooling       
  7.1.5Metal Casting       
  7.1.6Functional Parts Production      
  7.1.7Other Applications

 

 9.1General Introduction       
  9.1.1Educational Industry       
  9.1.2Automotive Industry       
  9.1.3Aerospace & Defence Industry      
  9.1.4Healthcare Industry       
  9.1.5Consumer Goods Industry      
  9.1.6Manufacturing Industry      
  9.1.7Construction Industry       
  9.1.8Other Industries
 10.1General Introduction       
 10.2North America 3D Printing Market Insights      
  10.2.1North America Market, by Component     
  10.2.2North America Product Component Market, by Printer Type   
  10.2.3North America Material Component Market by Material Type   
  10.2.4North America Market by Technology     
  10.2.5North America Market by Application     
  10.2.6North America Market by End-User Industry     
  10.2.7North America Market by Country     
   10.2.7.1United States 3D Printing Market Insights    
    10.2.7.1.1United States Market, by Component   
    10.2.7.1.2United States Product Component Market, by Printer Type 
    10.2.7.1.3United States Material Component Market by Material Type 
    10.2.7.1.4United States Market by Technology   
    10.2.7.1.5United States Market by Application   
    10.2.7.1.6United States Market by End-User Industry  
   10.2.7.2Canada 3D Printing Market Insights    
    10.2.7.2.1Canada Market, by Component   
    10.2.7.2.2Canada Product Component Market, by Printer Type 
    10.2.7.2.3Canada Material Component Market by Material Type 
    10.2.7.2.4Canada Market by Technology    
    10.2.7.2.5Canada Market by Application    
    10.2.7.2.6Canada Market by End-User Industry   
   10.2.7.3Mexico 3D Printing Market Insights    
    10.2.7.3.1Mexico Market, by Component   
    10.2.7.3.2Mexico Product Component Market, by Printer Type 
    10.2.7.3.3Mexico Material Component Market by Material Type 
    10.2.7.3.4Mexico Market by Technology    
    10.2.7.3.5Mexico Market by Application    
    10.2.7.3.6Mexico Market by End-User Industry   
   10.2.7.4Rest of North America 3D Printing Market Insights   
    10.2.7.4.1Rest of North America Market, by Component  
    10.2.7.4.2Rest of North America Product Component Market, by Printer Type
    10.2.7.4.3Rest of North America Material Component Market by Material Type
    10.2.7.4.4Rest of North America Market by Technology  
    10.2.7.4.5Rest of North America Market by Application  
    10.2.7.4.6Rest of North America Market by End-User Industry
 11.1North America 3D Printing Market Share of Major Players, 2017

 

 12.13D SYSTEMS CORPORATION       
  12.1.1Key Facts        
  12.1.2Business Description       
  12.1.3Key Product/Services Offerings      
  12.1.4SWOT Analysis       
  12.1.5Key Financials       
   12.1.5.1Revenue Split by Region     
  12.1.6Recent developments       
 12.2ARCAM AB        
  12.2.1Key Facts        
  12.2.2Business Description       
  12.2.3Key Product/Services Offerings      
  12.2.4SWOT Analysis       
  12.2.5Key Financials       
   12.2.5.1Revenue Split by Region     
  12.2.6Recent developments       
 12.3ROYAL DSM N.V.        
  12.3.1Key Facts        
  12.3.2Business Description       
  12.3.3Key Product/Services Offerings      
  12.3.4SWOT Analysis       
  12.3.5Key Financials       
   12.3.5.1Revenue Split by Region     
   12.3.5.2Revenue Split by Products     
  12.3.6Recent developments       
 12.4STRATASYS LTD        
  12.4.1Key Facts        
  12.4.2Business Description       
  12.4.3Key Product/Services Offerings      
  12.4.4SWOT Analysis       
  12.4.5Key Financials       
   12.4.5.1Revenue Split by Region     
  12.4.6Recent developments       
 12.5AUTODESK INC        
  12.5.1Key Facts        
  12.5.2Business Description       
  12.5.3Key Product/Services Offerings      
  12.5.4SWOT Analysis       
  12.5.5Key Financials       
   12.5.5.1Revenue Split by Region     
  12.5.6Recent developments       
 12.6THE EXONE COMPANY       
  12.6.1Key Facts        
  12.6.2Business Description       
  12.6.3Key Product/Services Offerings      
  12.6.4SWOT Analysis       
  12.6.5Key Financials       
   12.6.5.1Revenue Split by Region     
  12.6.6Recent developments       
 12.7HOGANAS AB        
  12.7.1Key Facts        
  12.7.2Business Description       
  12.7.3Key Product/Services Offerings      
  12.7.4SWOT Analysis       
  12.7.5Recent developments       
 12.8ORGANOVO HOLDINGS INC       
  12.8.1Key Facts        
  12.8.2Business Description       
  12.8.3

 

Research Methodology

Analysing historical market, estimation of the current market and forecasting the future market for North America 3D Printing market were the three major steps undertaken to create and analyse the overall adoption of 3D Printing in different countries of North America region. Exhaustive secondary research was conducted to collect the historical market of the product/technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the North America 3D printing market. After all assumption, market engineering and validation of market numbers through primary interviews, top-down approach was employed to forecast the market size of 3D Printing in the North America region to 2024. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the market. Detailed research methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the North America 3D Printing market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, sales figures etc. and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database and other creditable publications.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments for the North America 3D Printing market. Major segments included in the report are component, technology, application and end-user.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the North America 3D Printing market. Factor analysis was conducted using dependent and independent variable such as purchasing power, player initiatives, penetration of 3D printing, government regulations in major North American countries. Historical trends of the North America 3D Printing and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in market, market share of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment in major countries of North American region. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size and rate of adoption of 3D Printing technology in North American region in terms of value (US$)
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players across different technologies and markets as well as market share of each player. Also, the growth strategies adopted by these players to compete in the rapidly growing North American 3D Printing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the North America 3D Printing market. Data was split into several segments & sub-segments post studying several parameters and trends.

Main objective of the North America 3D Printing Market Study

The current & future market trends of the North America 3D Printing are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of the North America 3D Printing market in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of the North America 3D Printing market. Segments in the study include component, technology, application and end-user
  • Define and describe the technologies and protocols used in the 3D Printing
  • Anticipate potential risk present within the industry along with analysing the customer and competitor in the market
  • Define and analysis of the government regulations for the 3D Printing in major countries in the North American region
  • Analyse the current and forecast market size of 3D Printing, for countries including US, Canada, Mexico and Rest of North America

Define and analyse the competitive landscape for the North American 3D Printing market and the growth strategies adopted by the market players to sustain in the rapidly growing market