North America Additive Manufacturing Market Poised for Significant Growth, Expected to Reach USD 30 Billion by 2030

According to Next Move Strategy Consulting, the North America Additive Manufacturing Market is on track for impressive expansion, with a market size projected to grow to USD 30 billion by 2030. This growth represents a compound annual growth rate (CAGR) of 21% by 2030.

Download Free Sample: https://www.nextmsc.com/north-america-additive-manufacturing-market/request-sample

The additive manufacturing (AM) market, encompassing technologies such as 3D printing and additive layer manufacturing (ALM), is revolutionizing industries across North America. Serving sectors such as aerospace, automotive, healthcare, and consumer goods, AM enables the creation of highly customized and complex components with minimal material waste, leading to significant cost savings and environmental benefits. The wide range of printing technologies available, including stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), supports diverse industry applications.

Market Drivers

The expansion of the North American additive manufacturing market is being driven by multiple factors:

• Automotive Industry Surge: The North American automotive sector is significantly increasing its investment in additive manufacturing, with a focus on enhancing efficiency, reducing lead times, and creating innovative designs. The U.S. automotive industry alone spends approximately USD 16 to USD 18 billion annually on research and development, a substantial portion of which is allocated to additive manufacturing for prototyping, tooling, and end-use parts production.
• Government Investment: Governments across the region are increasingly funding advanced manufacturing initiatives to drive innovation and productivity. For instance, Canada’s investment of USD 177 million in advanced manufacturing initiatives is propelling the adoption of AM technologies, making them more accessible to businesses across various sectors.
• Integration of Artificial Intelligence (AI): The integration of AI with AM technologies is poised to unlock new growth opportunities. By optimizing production processes and improving product design capabilities, AI enhances the customization of complex objects, reducing waste and improving print quality.

Challenges

Despite the rapid growth, the high upfront cost of AM equipment and materials remains a significant barrier. This cost is particularly challenging for small businesses, limiting their ability to adopt AM technologies and hindering overall market expansion.

Inquire Before Buying: https://www.nextmsc.com/north-america-additive-manufacturing-market/inquire-before-buying

U.S. Leads Market Growth

The U.S. is dominating the North American additive manufacturing market, driven by substantial investments from the automotive and healthcare industries. Healthcare expenditures in the U.S. have reached approximately USD 4.4 trillion, fueling demand for AM solutions in the development of customized medical devices, implants, and prosthetics. With the rising need for personalized treatments and efficient medical device production, AM technologies are playing a critical role in advancing healthcare innovations.

Mexico: A Growing Player in the Market

Mexico is witnessing a significant rise in additive manufacturing adoption, particularly within the consumer goods and healthcare sectors. The country’s growing consumer goods market, valued at USD 76 billion, is driving demand for AM solutions that enable the production of customized, high-quality products on demand. Furthermore, the country’s medical device manufacturing sector, valued at USD 16.33 billion, is increasingly turning to AM for developing personalized medical solutions.

Key Market Segments

• By Type: Desktop 3D Printer, Industrial 3D Printer
• By Technology: Stereolithography, Fused Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, and more
• By Application: Prototyping, Tooling, Functional Parts
• By End User: Automotive, Aerospace, Healthcare, Consumer Electronics, and more

Key Players

Prominent companies operating in the North American additive manufacturing market include HP Inc., Colibrium Additive (GE Aerospace), EOS GmbH, Stratasys, Trumpf, 3D Systems Inc., Formlabs, Desktop Metal Inc., DMG Mori AG, Proto Labs Inc., among others.

Conclusion

The North American additive manufacturing market is experiencing a remarkable transformation, with substantial investments from various industries and governments. As AM technologies continue to evolve, the potential for market growth remains immense, particularly in automotive, healthcare, and consumer goods sectors. While challenges such as high upfront costs persist, the integration of AI and supportive government initiatives are expected to drive innovation, making AM an increasingly vital component of the region’s manufacturing landscape.

For more information, please contact:

Next Move Strategy Consulting

E-Mail: info@nextmsc.com

Direct: +1-217-650-7991

Website: www.nextmsc.com

Follow Us: LinkedIn | Twitter | Facebook | Instagram | YouTube

About Next Move Strategy Consulting:

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicates as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.