PUBLISHER: Grand View Research | PRODUCT CODE: 1405767
PUBLISHER: Grand View Research | PRODUCT CODE: 1405767
U.S. Additive Manufacturing Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Printer Type (Desktop, Industrial), By Technology, By Software, By Application, By Vertical, By Material, And Segment Forecasts, 2023 - 2030
U.S. Additive Manufacturing Market Growth & Trends:
The U.S. additive manufacturing market size is estimated to reach USD 16.48 billion by 2030, according to the new report by Grand View Research, Inc. The market is expected to witness a CAGR of 21.3% from 2023 to 2030. Additive manufacturing (AM), also called 3D printing (3DP), involves adding layers of materials in various 2D shapes using an additive process. The market growth can be attributed to the continuous advancements in 3D printing technology, rapid prototyping and iteration in product development, the ability to customize & personalize products, and sustainability, among others. Furthermore, intensive R&D in AM and increased demand for prototype applications across industry verticals, including healthcare, automotive, aerospace, and defense, are likely to drive industry expansion.
For instance, in June 2022, General Motors, a U.S.-based automaker, announced an investment of nearly USD 81 million in the Global Technical Center to advance the construction and improvement of its Cadillac CELESTIQ electric vehicle (EV) by building additive manufacturing components through the Ultium platform. Moreover, additive manufacturing is increasingly capturing the interest of hobbyists and innovators. While individuals are utilizing additive manufacturing technologies and printers for personal and household applications, universities and educational institutions are leveraging these technologies for technical training purposes. For example, researchers at Wake Forest University have pioneered the development of a 3D bioprinter capable of producing organs, tissues, and bones with potential applications in human transplantation.
This signifies a notable shift in the market, transitioning from solely relying on labor-intensive industrial manufacturing to a realm with significant economic potential. The widespread adoption of this technology, driven by its many advantages, plays a pivotal role in its widespread integration across various industrial sectors. Apart from the industrial sector, the automobile, healthcare, and aerospace & defense industries are early additive manufacturing users. These verticals' occupants emphasize accuracy, improved product design, reliability, reduced time-to-market, and cost-effective manufacturing procedures. The utilization of three-dimensional printers by the automobile, medical, military, and aerospace sectors is likely to gain traction throughout the forecast period, given that additive manufacturing can offer all these benefits. Ford has officially published a set of CAD files that will allow consumers to 3D print their Maverick pickup truck accessories.
Traditional prototyping entails time-consuming techniques such as machining, tooling, and molding. It also requires personnel, labor, and the purchase of necessary equipment, all of which add to the costs of labor wages and equipment purchases. Furthermore, the entire procedure is time-consuming and slow. Typically, the likelihood of a prototype becoming the final one is low, prompting the redesign of several prototypes. These processes can be omitted because 3D printing allows quick and accurate prototyping in only a few hours. Continuous evolution characterizes additive manufacturing and its associated technologies. This evolution is driven by extensive research and development efforts conducted by both the private and public sectors, with significant investments being channeled into these advancements. Developed economies are witnessing government funding and strategic initiatives encouraging manufacturers to seek technological improvements.
The U.S. is poised to assert its dominance in the global additive manufacturing market, primarily due to its widespread utilization of 3D printers for applications in 3D design, modeling, and manufacturing across various industries. In addition, government initiatives to raise awareness and promote the advantages of 3D printer adoption are expected to further stimulate market growth. The COVID-19 pandemic has exerted a varied influence on the additive manufacturing market. The disruptions in the supply chain for 3D printing materials and equipment due to lockdowns and restrictions, reduced demand for certain 3D-printed products, and economic challenges leading to budget constraints for R&D and innovation in the industry have negatively impacted the additive manufacturing market.
In addition, the pandemic forced some additive manufacturing companies to shut down or reduce operations temporarily, affecting production and revenue streams. On the other hand, additive manufacturing emerged as a solution for producing critical medical supplies, such as personal protective equipment (PPE), ventilator components, and nasopharyngeal swabs, locally and on demand. Furthermore, Regulatory bodies adapted quickly to accommodate the production of 3D-printed medical devices during the emergency. This flexibility highlighted the importance of regulatory agility in the context of advanced manufacturing technologies. The pandemic increased awareness about additive manufacturing's capabilities across various sectors. It prompted businesses to explore how 3D printing could enhance their operations, from prototyping to production.
U.S. Additive Manufacturing Market Report Highlights:
- The hardware segment dominated the market in 2022. Continuous progress in 3D printing technology, including enhancements in printing speed, accuracy, and the introduction of new materials, is rendering 3D printing increasingly versatile and appealing across various industries
- The stereolithography segment, followed by the fuse deposition modeling (FDM) segment, led the market. These techniques are widely used in engineering & product design, manufacturing, dentistry, jewelry, model creation, and education, among other applications
- The design software segment led the market and accounted for a 34.4% share of the total revenue in 2022. Design software is used for constructing the designs of the object to be printed by generating models appropriate for additive manufacturing based on the provided inputs
- The desktop 3D printer segment accounted for a revenue share of more than 29% in 2022. AM is gaining popularity in desktop applications, especially by hobbyists for household and personal usage applications, and in the education sector for training purposes
- For example, the MakerBot 3D printing technology allows educators to present students with exact physical prototypes, allowing them to have practical, hands-on experience with scientific subjects
- The prototyping segment dominated the market in 2022 and is expected to expand its market share to more than 52% by 2030. Its capacity to enhance precision and facilitate the development of more reliable products drives this dominance
- The metal segment dominated the market in the U.S. and is expected to retain its dominance over the forecast period owing to the growing industrial demand for metal additive manufacturing, particularly within the automotive, aerospace, and defense sectors
- The fashion & jewelry segment held a significant share in 2022. It is expected to expand its market share to more than 21% by 2030. Manufacturers of fashion and jewelry products are using 3D printing in production as it gives them the freedom to design and create complex designs, which would be hard to achieve using manual or conventional methods
- The healthcare segment dominated the market in 2022 and is expected to expand its market share to more than 24% by 2030. 3D printing technology enhances patient care, reduces costs, and advances research and development in the healthcare sector, fostering innovation, customization, and accessibility in medical treatments and devices
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List to Data Sources
Chapter 2. Executive Summary
- 2.1. Market Summary
- 2.2. Market Snapshot
- 2.3. Segment Snapshot
- 2.4. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Lineage Outlook
- 3.2. U.S. Additive Manufacturing Market - Value Chain Analysis
- 3.3. U.S. Additive Manufacturing Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Prototyping, product development, innovation, and time-to-market
- 3.3.1.2. Commercialization of the technology
- 3.3.1.3. Government investments & increased R&D in the additive manufacturing technology
- 3.3.2. Market Restraints Analysis
- 3.3.2.1. Capital Intensive Technologies and High Material Prices
- 3.3.2.2. Unavailability of Standard Process Controls and Misled Industry Participants
- 3.3.3. Market Opportunity Analysis
- 3.3.3.1. Untapped end-use industry verticals and markets such as printed electronics and additive manufacturing underwater
- 3.3.3.2. Additive manufacturing in construction medical implants
- 3.3.1. Market Driver Analysis
- 3.4. U.S. Additive Manufacturing Market - Porter's Five Forces Analysis
- 3.4.1. Supplier power
- 3.4.2. Buyer power
- 3.4.3. Substitution threat
- 3.4.4. Threat from new entrant
- 3.4.5. Competitive rivalry
- 3.5. U.S. Additive Manufacturing Market - PESTEL Analysis
- 3.5.1. Political landscape
- 3.5.2. Economic landscape
- 3.5.3. Social landscape
- 3.5.4. Technology landscape
- 3.5.5. Environmental landscape
- 3.5.6. Legal landscape
- 3.6. Impact of COVID-19 on the U.S. Additive Manufacturing Market
Chapter 4. U.S. Additive Manufacturing Market Component Outlook
- 4.1. U.S. Additive Manufacturing Market, By Type Analysis & Market Share, 2022 & 2030
- 4.2. Hardware
- 4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3. Software
- 4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5. U.S. Additive Manufacturing Market Printer Type Outlook
- 5.1. U.S. Additive Manufacturing Market, By Printer Type Analysis & Market Share, 2022 & 2030
- 5.2. Desktop 3D Printer
- 5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3. Industrial 3D Printer
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6. U.S. Additive Manufacturing Market Technology Outlook
- 6.1. U.S. Additive Manufacturing Market, By Technology Analysis & Market Share, 2022 & 2030
- 6.2. Stereolithography
- 6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3. Fuse Deposition Modelling (FDM)
- 6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4. Selective Laser Sintering (SLS)
- 6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.5. Direct Metal Laser Sintering (DMLS)
- 6.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.6. Polyjet Printing
- 6.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.7. Inkjet printing
- 6.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.8. Electron Beam Melting (EBM)
- 6.8.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.9. Laser Metal Deposition
- 6.9.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.10. Digital Light Processing
- 6.10.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.11. Laminated Object Manufacturing
- 6.11.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.12. Others
- 6.12.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7. U.S. Additive Manufacturing Market Software Outlook
- 7.1. U.S. Additive Manufacturing Market, By Software Analysis & Market Share, 2022 & 2030
- 7.2. Design Software
- 7.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.3. Inspection Software
- 7.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4. Printer Software
- 7.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.5. Scanning Software
- 7.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8. U.S. Additive Manufacturing Market Application Outlook
- 8.1. U.S. Additive Manufacturing Market, By Application Analysis & Market Share, 2022 & 2030
- 8.2. Prototyping
- 8.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.3. Tooling
- 8.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4. Functional Parts
- 8.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 9. U.S. Additive Manufacturing Market Vertical Outlook
- 9.1. U.S. Additive Manufacturing Market, By Vertical Analysis & Market Share, 2022 & 2030
- 9.2. Industrial Additive Manufacturing
- 9.2.1. Automotive
- 9.2.1.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.2.2. Aerospace & Defense
- 9.2.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.2.3. Healthcare
- 9.2.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.2.4. Consumer Electronics
- 9.2.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.2.5. Power & Energy
- 9.2.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.2.6. Others
- 9.2.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.2.1. Automotive
- 9.3. Desktop Additive Manufacturing
- 9.3.1. Educational Purpose
- 9.3.1.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.3.2. Fashion & Jewelry
- 9.3.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.3.3. Objects
- 9.3.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.3.4. Dental
- 9.3.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.3.5. Food
- 9.3.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.3.6. Others
- 9.3.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.3.1. Educational Purpose
Chapter 10. U.S. Additive Manufacturing Market Material Outlook
- 10.1. U.S. Additive Manufacturing Market, By Material Analysis & Market Share, 2022 & 2030
- 10.2. Polymer
- 10.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.3. Metal
- 10.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.4. Ceramic
- 10.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 11. U.S. Additive Manufacturing Market Competitive Landscape
- 11.1. Key Market Participants
- 11.1.1. 3D Systems, Inc.
- 11.1.2. Arcam AB
- 11.1.3. Autodesk, Inc.
- 11.1.4. EnvisionTec, Inc.
- 11.1.5. EOS (Electro Optical Systems) GmbH
- 11.1.6. ExOne
- 11.1.7. GE Additive
- 11.1.8. HP Inc.
- 11.1.9. Made In Space
- 11.1.10. Optomec, Inc.
- 11.1.11. Organovo Holdings Inc.
- 11.1.12. Proto Labs, Inc.
- 11.1.13. Shapeways, Inc.
- 11.1.14. Stratasys Ltd.
- 11.1.15. Solidscape, Inc
- 11.1.16. Prodways Americas
- 11.1.17. Sciaky, Inc.
- 11.1.18. 3D Printer Works
- 11.1.19. Airwolf 3D Printers
- 11.1.20. AON3D
- 11.1.21. Ultimaker North America
- 11.1.22. Revolution 3D Printers
- 11.2. Key Company Market Share Analysis, 2022
- 11.3. Company Categorization/Position Analysis, 2022
- 11.4. Strategic Mapping
- 11.4.1. Expansion
- 11.4.2. Mergers & Acquisition
- 11.4.3. Partnership & Collaborations
- 11.4.4. Product/service launch
- 11.4.5. Others
List of Tables
- Table 1 U.S. Additive Manufacturing Market Revenue Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- Table 2 U.S. Additive Manufacturing Market Revenue Estimates and Forecasts, By Printer Type, 2017 - 2030 (USD Million)
- Table 3 U.S. Additive Manufacturing Market Revenue Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
- Table 4 U.S. Additive Manufacturing Market Revenue Estimates and Forecasts, By Software, 2017 - 2030 (USD Million)
- Table 5 U.S. Additive Manufacturing Market Revenue Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- Table 6 U.S. Additive Manufacturing Market Revenue Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- Table 7 U.S. Additive Manufacturing Market Revenue Estimates and Forecasts, By Industrial Vertical, 2017 - 2030 (USD Million)
- Table 8 U.S. Additive Manufacturing Market Revenue Estimates and Forecasts, By Desktop Vertical, 2017 - 2030 (USD Million)
- Table 9 U.S. Additive Manufacturing Market Revenue Estimates and Forecasts, By Material, 2017 - 2030 (USD Million)
- Table 10 Participant Overview
- Table 11 Financial Performance
- Table 12 Product Benchmarking
- Table 13 Key companies undertaking partnerships & collaborations
- Table 14 Key companies undertaking mergers & acquisitions
- Table 15 Key companies launching new product/services
- Table 16 Key companies undertaking other strategies
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot, 2022 & 2030
- Fig. 7 Segment Snapshot - Component & Printer Type, 2022 & 2030
- Fig. 8 Segment Snapshot - Technology & Software, 2022 & 2030
- Fig. 9 Segment Snapshot - Application & Vertical, 2022 & 2030
- Fig. 10 Segment Snapshot - Material, 2022 & 2030
- Fig. 11 Competitive Landscape Snapshot
- Fig. 12 US Additive Manufacturing Market- Industry Value Chain Analysis
- Fig. 13 US Additive Manufacturing Market Dynamics
- Fig. 14 US Additive Manufacturing Market: PORTER's Analysis
- Fig. 15 US Additive Manufacturing Market: PESTEL Analysis
- Fig. 16 US Additive Manufacturing Market, by Component: Key Takeaways
- Fig. 17 US Additive Manufacturing Market, by Component: Market Share, 2022 & 2030
- Fig. 18 US Additive Manufacturing Hardware Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- Fig. 19 US Additive Manufacturing Software Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- Fig. 20 US Additive Manufacturing Services Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- Fig. 21 US Additive Manufacturing Market, by Printer Type: Key Takeaways
- Fig. 22 US Additive Manufacturing Market, by Printer Type: Market Share, 2022 & 2030
- Fig. 23 US Additive Manufacturing Market Estimates & Forecasts, by Desktop 3D Printer, 2017 - 2030 (USD Million)
- Fig. 24 US Additive Manufacturing Market Estimates & Forecasts, by Industrial 3D Printer, 2017 - 2030 (USD Million)
- Fig. 25 Key company categorization
- Fig. 26 US Additive Manufacturing Market - Key Company Market Share Analysis, 2022
- Fig. 27 Strategic Framework
