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U.S. Additive Manufacturing Market Size, Share & Trends Analysis Report By Technology (EBM, SLS), By Printer Type, By Component, By Application, By Vertical, By Software, By Material, And Segment Forecasts, 2022 - 2030

May 2022 | 250 pages | ID: U3442BB86FBDEN
Grand View Research, Inc.

US$ 4,950.00

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U.S. Additive Manufacturing Market Growth & Trends

The U.S. additive manufacturing market size is estimated to reach USD 14.22 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 18.9% in the forecast period. Additive manufacturing is also referred to as 3D printing (3DP), as it involves successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of material and the unnecessary material is ground out to obtain the desired object. In the U.S., AM is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market.

In February 2019, Launcher, and Ariane Group announced their progress on building rocket engines using AM technology. The Relativity Space and NASA are also planning to begin a robotic factory employing AM in a separate arrangement. The industrial vertical happens to be the most significant adopter of additive manufacturing technology and eventually leading to the highest market share. Additive manufacturing continues to gain popularity among hobbyists and innovators. While individuals are using additive manufacturing technologies and printers for domestic and personal purposes, universities and educational institutes are using AM for conducting technical training. Wake Forest University researchers have developed a 3D bioprinter that can make organs, tissues, and bones that can hypothetically be inserted into living humans.

The market is subject to witness a considerable economical appearance rather than being just a labor-intensive industrial manufacturing technique. The widespread acceptance of the technology, owing to its numerous benefits, is a major factor in its mass acceptance across the industrial sector. Apart from the industrial sector, the automobile, healthcare, and aerospace & defense industries are early users of the technology. These verticals’ occupants place a premium on 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 in the forecast period, given that AM can offer all of these benefits.

Ford has officially published a set of CAD files that will allow consumers to 3D-print their own Maverick pickup truck accessories. Traditional prototyping entails slow and 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. 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. The AM and related technologies are evolving continuously in line with the intensive R&D activities being undertaken and aggressive investments being made by the private sector as well as the public sector.

As per the Kearney website, government funding and strategic initiatives being undertaken in developed economies are prompting manufacturers to pursue improvements in technology and the adoption of new technologies. The U.S. is anticipated to be one of the dominant countries in the AM market across the globe, as a result of the extensive adoption of 3D printers for 3D designing, modeling, and manufacturing in several industries. AM happens to be a capital-intensive technology. At the same time, manufacturers are holding to their misconception about prototyping rather than realizing the advantages associated with AM. Moreover, the market lacks the standard process controls and a skilled workforce required for AM.

These are some of the factors that are expected to restrain the market growth. However, government initiatives aimed at increasing awareness about the benefits of 3D printers are expected to help in countering the market restraints. Manufacturing rights, regulations, standard protocols, licenses, and other terms and conditions are part of the process control & standardization process. To use the 3D printing process, users of the technology must follow the rules and terms & conditions. Unskilled labor and ineffective technological know-how prevent industry players from freely adopting the technology. These factors also hinder the growth of the market.

U.S. Additive Manufacturing Market Report Highlights
  • The U.S. military is planning to integrate 3D printing with its operational management to maintain the flow of the supply chain as per the report published in Forbes
  • A U.S. aerospace and aircraft manufacturing company, Boeing, is using 3D printing in manufacturing the aircraft engine parts for its 777X plane
  • The additive manufacturing technology is gaining traction owing to the ability of the technology to offer accurate and rapid prototyping and optimize the time to market. Increasing adoption of 3D printers in the healthcare, automotive, and consumer electronics vertical is likely to drive the market growth significantly
  • The demand for desktop 3D printers is expected to increase over the forecast period, as AM is gaining popularity among hobbyists for domestic, household, and personal usage as well as in the education sector for training purposes
  • The Maker Bot 3D printing technology allows educators to present students with exact physical prototypes, allowing them to have practical, hands-on experience with scientific subjects
  • The polymer material segment contributed to almost half of the entire market share in the U.S. However, the metal segment is expected to dominate the market in the next seven years due to the high demand for metal AM from industrial verticals, such as automotive and aerospace & defense

CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 U.S. Additive Manufacturing - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 U.S. Additive Manufacturing - Segmental Outlook

CHAPTER 3 INDUSTRY OUTLOOK

3.1 Market Segmentation & Scope
3.2 U.S. Additive Manufacturing Market Size and Growth Prospects
3.3 U.S. Additive Manufacturing-Value Chain Analysis
3.4 Market Dynamics
  3.4.1 Market driver analysis
    3.4.1.1 Prototyping, product development, innovation, and time-to-market
    3.4.1.2 Benefits of additive manufacturing
    3.4.1.3 Commercialization of the technology
    3.4.1.4 Government investments & increased R&D in the additive manufacturing technology
  3.4.2 Market restraint analysis
    3.4.2.1 Capital Intensive Technologies and High Material Prices
    3.4.2.2 Unavailability of Standard Process Controls and Misled Industry Participants
  3.4.3 Market opportunity analysis
    3.4.3.1 Untapped end-use industry verticals and markets such as printed electronics and additive manufacturing under water
    3.4.3.2 additive manufacturing in construction medical implants
3.5 Key Opportunities - Prioritized
3.6 Industry Analysis - Porter’s Five Forces Analysis
  3.6.1 Supplier Power
  3.6.2 Buyer Power
  3.6.3 Substitution Threat
  3.6.4 Threat from New Entrant
  3.6.5 Competitive Rivalry
3.7 U.S. Additive Manufacturing - PESTEL Analysis
  3.7.1 Political Landscape
  3.7.2 Environmental Landscape
  3.7.3 Social Landscape
  3.7.4 Technology Landscape
  3.7.5 Legal Landscape

CHAPTER 4 U.S. ADDITIVE MANUFACTURING MARKET: COMPONENT ESTIMATES & TREND ANALYSIS

4.1 U.S. Additive Manufacturing Market: Component Analysis
  4.1.1 Hardware
  4.1.2 Software
  4.1.3 Services

CHAPTER 5 U.S. ADDITIVE MANUFACTURING MARKET: PRINTER TYPE ESTIMATES & TREND ANALYSIS

5.1 U.S. Additive Manufacturing Market: Printer Type Analysis
  5.1.1 Desktop 3D Printer
  5.1.2 Industrial Printer

CHAPTER 6 U.S. ADDITIVE MANUFACTURING MARKET: TECHNOLOGY ESTIMATES & TREND ANALYSIS

6.1 U.S. Additive Manufacturing Market: Technology Analysis
  6.1.1 Stereolithography
  6.1.2 Fuse Deposition Modelling (FDM)
  6.1.3 Selective Laser Sintering (SLS)
  6.1.4 Direct Metal Laser Sintering (DMLS)
  6.1.5 Polyjet Printing
  6.1.6 Inkjet Printing
  6.1.7 Electron Beam Melting (EBM)
  6.1.8 Laser Metal Deposition
  6.1.9 Digital Light Processing
  6.1.10 Laminated Object Manufacturing
  6.1.11 Others

CHAPTER 7 U.S. ADDITIVE MANUFACTURING MARKET: SOFTWARE ESTIMATES & TREND ANALYSIS

7.1 U.S. Additive Manufacturing Market: Software Analysis
  7.1.1 Design Software
  7.1.2 Inspection Software
  7.1.3 Printer Software
  7.1.4 Scanning Software

CHAPTER 8 U.S. ADDITIVE MANUFACTURING MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

8.1 U.S. Additive Manufacturing Market: Application Analysis
  8.1.1 Prototyping
  8.1.2 Tooling
  8.1.3 Functional Parts

CHAPTER 9 U.S. ADDITIVE MANUFACTURING MARKET: VERTICAL ESTIMATES & TREND ANALYSIS

9.1 U.S. Additive Manufacturing Market: Vertical Analysis
  9.1.1 Industrial additive manufacturing verticals
    9.1.1.1 Automotive
    9.1.1.2 Aerospace & Defense
    9.1.1.3 Healthcare
    9.1.1.4 Consumer Electronics
    9.1.1.5 Power & Energy
    9.1.1.6 Others
  9.1.2 Desktop additive manufacturing verticals
    9.1.2.1 Educational Purpose
    9.1.2.2 Fashion & Jewelry
    9.1.2.3 Objects
    9.1.2.4 Dental
    9.1.2.5 Food
    9.1.2.6 Others

CHAPTER 10 U.S. ADDITIVE MANUFACTURING MARKET: MATERIAL ESTIMATES & TREND ANALYSIS

10.1 U.S. Additive Manufacturing Market: Material Analysis
  10.1.1 Polymer
  10.1.2 Metal
  10.1.3 Ceramic

CHAPTER 11 COMPETITIVE LANDSCAPE

11.1 3D Systems, Inc.
  11.1.1 Company Overview
  11.1.2 Financial Performance
  11.1.3 Product Benchmarking
  11.1.4 Recent Developments
11.2 Arcam AB
  11.2.1 Company Overview
  11.2.2 Financial Performance
  11.2.3 Product Benchmarking
  11.2.4 Recent Developments
11.3 Autodesk, Inc.
  11.3.1 Company Overview
  11.3.2 Financial Performance
  11.3.3 Product Benchmarking
  11.3.4 Recent Developments
11.4 EnvisionTec, Inc.
  11.4.1 Company Overview
  11.4.2 Product Benchmarking
  11.4.3 Recent Developments
11.5 EOS (Electro Optical Systems) GmbH
  11.5.1 Company Overview
  11.5.2 Product Benchmarking
  11.5.3 Recent Developments
11.6 ExOne
  11.6.1 Company Overview
  11.6.2 Financial Overview
  11.6.3 Product Benchmarking
  11.6.4 Recent Developments
11.7 GE Additive
  11.7.1 Company Overview
  11.7.2 Financial Performance
  11.7.3 Product Benchmarking
  11.7.4 Recent Developments
11.8 HP Inc.
  11.8.1 Company Overview
  11.8.2 Financial Performance
  11.8.3 Product Benchmarking
  11.8.5 Recent Developments
11.9 Made In Space
  11.9.1 Company Overview
  11.9.2 Product Benchmarking
  11.9.3 Recent Developments
11.10 Optomec, Inc.
  11.10.1 Company Overview
  11.10.2 Product Benchmarking
  11.10.3 Recent Developments
11.11 Organovo Holdings Inc.
  11.11.1 Company Overview
  11.11.2 Financial Performance:
  11.11.3 Product Benchmarking
  11.11.4 Recent Developments
11.12 Proto Labs, Inc.
  11.12.1 Company Overview
  11.12.2 Financial Performance:
  11.12.3 Product Benchmarking
  11.12.4 Recent Developments
11.13 Shapeways, Inc.
  11.13.1 Company Overview
  11.13.2 Product Benchmarking
  11.13.3 Recent Developments
11.14 Stratasys Ltd.
  11.14.1 Company Overview
  11.14.2 Financial Performance
  11.14.3 Product Benchmarking
  11.14.4 Recent Developments
11.15 Solidscape, Inc
  11.15.1 Company Overview
  11.15.2 Financial Performance
  11.15.3 Product Benchmarking
  11.15.4 Recent Developments
11.16 Prodways Americas
  11.16.1 Company Overview
  11.16.2 Financial Performance
  11.16.3 Product Benchmarking
  11.16.4 Recent Developments
11.17 Sciaky, Inc.
  11.17.1 Company Overview
  11.17.2 Financial Performance
  11.17.3 Product Benchmarking
  11.17.4 Recent Developments
11.18 3D Printer Works
  11.18.1 Company Overview
  11.18.2 Financial Performance
  11.18.3 Product Benchmarking
  11.18.4 Recent Development
11.19 Airwolf 3D Printers
  11.19.1 Company Overview
  11.19.2 Financial Performance
  11.19.3 Product Benchmarking
  11.19.4 Recent Developments
11.20 AON3D
  11.20.1 Company Overview
  11.20.2 Financial Performance
  11.20.3 Product Benchmarking
  11.20.4 Recent Developments
11.21 Ultimaker North America
  11.21.1 Company Overview
  11.21.2 Financial Performance
  11.21.3 Product Benchmarking
  11.21.4 Recent Developments
11.22 Revolution 3D Printers
  11.22.1 Company Overview
  11.22.2 Financial Performance
  11.22.3 Product Benchmarking
  11.22.4 Recent Developments

LIST OF TABLES

Table 1 Additive Manufacturing- Industry snapshot & critical success factor, 2017 - 2030
Table 2 U.S. Additive Manufacturing Market, 2017 - 2030 (USD Million)
Table 3 U.S. Additive Manufacturing Market estimates and forecasts, by component, 2017 - 2030 (USD Million)
Table 4 U.S. Additive Manufacturing Market estimates and forecasts, by printer type, 2017 - 2030 (USD Million)
Table 5 U.S. Additive Manufacturing Market estimates and forecasts, by technology, 2017 - 2030 (USD Million)
Table 6 U.S. Additive Manufacturing Market estimates and forecasts, by software, 2017 - 2030 (USD Million)
Table 7 U.S. Additive Manufacturing Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 8 U.S. Additive Manufacturing Market estimates and forecasts, by vertical (desktop 3D printers), 2017 - 2030 (USD Million)
Table 9 U.S. Additive Manufacturing Market estimates and forecasts, by vertical (industrial 3D printers), 2017 - 2030 (USD Million)
Table 10 U.S. Additive Manufacturing Market estimates and forecasts, by material, 2017 - 2030 (USD Million)
Table 11 Key Company Analysis

LIST OF FIGURES

Fig. 1 Market segmentation & scope
Fig. 2 U.S. Additive Manufacturing Market size and growth prospects, 2017 - 2030 (Revenue in USD Million)
Fig. 3 Additive Manufacturing - Value chain analysis
Fig. 4 Market dynamics
Fig. 5 Key opportunities prioritized
Fig. 6 Porter’s five forces analysis
Fig. 7 Additive Manufacturing - PESTEL analysis
Fig. 8 U.S. Additive Manufacturing Market: Component Analysis
Fig. 9 U.S. Additive Manufacturing Market: Printer Type Analysis
Fig. 10 U.S. Additive Manufacturing Market: Technology Analysis
Fig. 11 U.S. Additive Manufacturing Market: Software Analysis
Fig. 12 U.S. Additive Manufacturing Market: Application Analysis
Fig. 13 U.S. Additive Manufacturing Market: Industrial Vertical Analysis
Fig. 14 U.S. Additive Manufacturing Market: Desktop Vertical Analysis
Fig. 15 U.S. Additive Manufacturing Market: Material Analysis


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