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North America 3D Printing Market: Emerging Trends, Size, Share And Growth Analysis- 2022

02-22-2017 08:06 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Allied Market Research

Allied Market Research

North America 3D Printing Market Report, published by Allied Market Research, forecasts that the North American market is expected to garner $5.01 billion by 2022, registering a CAGR of 20.1% during the period 2016-2022. Development of customized complex products using a wide range of materials drives this market. Higher accuracy, reduction in production cost and time coupled with minimized human error supplement its growth.

View Detail Summary of this report: https://www.alliedmarketresearch.com/north-america-3d-printing-market

3D printing is used across various industries, including consumer products, aerospace, automotive, healthcare, defense, and education and research. It enables efficient management of resources and increases production output while minimizing wastage and operating costs. 3D printing is implemented for various applications that include development of prototypes, functional models, presentation models, artistic products, and custom parts. The consumer products sector accounted for a major revenue share of the North American 3D printing market, constituting 21.4% of the total market revenue in 2015, followed by the automotive sector which accounted for 18.3% share in the same year.

A wide variety of 3D printers are available in the market based on different technologies. Stereolithography, fused deposition modeling, selective laser sintering, laminated object manufacturing, and electron beam melting are some of the technologies used for 3D printing. Stereolithography-based 3D printers accounted for a major share in the North American 3D printing market, constituting 33.2% of the total market revenue in 2015. The use of these printers for designing models and molding patterns has increased owing to its high accuracy and better surface finish. Stereolithography is an additive manufacturing technology that implements layer-by-layer production technique using photopolymerization for the development of prototypes and functional models. Electron beam melting technology-based 3D printers are likely to register the highest CAGR from 2016 to 2022.

3D printing uses diverse materials such as polymers, ceramics, and metal & alloys among others. Polymers occupied a major share in the North American 3D printing materials segment, accounting for over 40% of the total materials market revenue in 2015. Metals & alloys is expected to be the fastest growing material segment during the forecast period.

Key findings of North America 3D Printing Market:

• The North America 3D printing market is likely to grow at a high rate in the future owing to high need of efficient manufacturing with high accuracy and reduced costs.
• The 3D printing services segment accounts for a major share in this market.
• The application of 3D printing in defense sector is anticipated to register the highest CAGR of 24.7% from 2016 to 2022.
• The U.S. is the highest revenue-generating country in this market.

The major players in this market include 3D Systems, Stratasys Ltd., The ExOne Company, Autodesk Inc., Optomec, Inc., Organovo Holdings, Inc., and Arevo Labs. These players consistently launch new products and enhance their existing portfolios to expand their customer base and strengthen their market position. Partnerships and collaborations provide growth opportunities to these players for geographic expansion.

About Us:
Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Our market research department starts with the research task considering specific concerns and ambitions of the client. We understand that every market is driven by certain key factors locally as well as globally. Our analysts dig out those factors, helping clients understand the importance and impact of every such driving force. Moreover, possible restraints of the market are discovered and suggestions to tackle those restraints are formulated after extensive research and analysis of the overall market conditions. Making an even deeper insight, we analyze the market trend including both qualitative and quantitative present market scenario in every geographical region segmented as per the business domain concerned and overall performance in different regions throughout the globe.

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