North America 3D Printing Market Trend with Global Foresight 2022 by 3D Systems, Autodesk Inc., Stratasys Ltd., The ExOne Company and more

The North America 3D printing market is estimated to grow rapidly in the future. The U.S. occupies the largest share in this market, followed by Canada. Mexico and Canada are expected to register high growth rates over the forecast period. Adoption of 3D printing has increased over the years owing to customized designs, efficient resource management, reduced production time and cost, minimized human errors, and development of high-quality products.

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North America 3D Printing Market is expected to garner $5.01 billion by 2022, registering a CAGR of 20.1% during the forecast period 2016-2022.

There is a shift from basic applications of prototype production to advanced applications, including functional testing of prototypes and manufacturing of final products. Industries such as consumer products, industrial, healthcare, defense, aerospace, and education & research widely use 3D printing for manufacturing of complex design objects with the help of diverse 3D printing materials. Defense and aerospace sectors utilize 3D printing for development of affordable, lightweight, and complex components. The healthcare and medical industry has also recognized the advantages of 3D printing for prosthetics, and dental and medical fixtures.

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Earlier, the adoption of 3D printing was restricted to large manufacturing firms; however, owing to advancement in technologies and increasing application areas, companies in the market are now developing specialized affordable and customized 3D printing solutions for use among small- and medium-sized businesses (SMBs). High initial investment, lack of awareness among consumers, and lack of skilled labor are factors that restrict the growth of 3D printing in the North American region. Governments in North America invest significantly in R&D of 3D printing technology to increase awareness about its diverse applications and maximize the production output across all industry verticals in this region.

The North America 3D printing market is segmented on the basis of components, application, and country. The component segment is further categorized into technology-based printers, materials, and services. Based on the technology, the printers are segmented into stereolithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing, and others. The market is segmented into polymers, metals & alloys, ceramic, and others based on the material. The various applications using 3D printing include consumer products, industrial products, aerospace, defense, automotive, healthcare, education & research and others.

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Key Players

3D Systems
Autodesk, Inc.
Stratasys Ltd.
The ExOne Company
Optomec, Inc.
Organovo Holdings, Inc.
Arevo Labs
Arcam AB
EnvisionTEC
E. I. duPont de Nemours and Company

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