North America Market Insights on 3D Printing: Insights and Forecast, 2018-2024 Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))
- UNI2844778
- 147 Pages
- September 2018
- ICT & Media
3D printing offers integration of metals & alloys with other raw materials as per the requirement of the end-user industry, to create specified 3-dimensional objects. During 2017, polymer held prominent share of 33.5% followed by plastic which held 30.6% during the same year. Polymer market in North America 3D printing was valued at US$ 258 Million in 2017 and is projected to derive US$ 1,146.5 Million revenues by 2024 witnessing astonishing CAGR of 24% during the forecasted period. Numerous industrial sectors are influenced by 3D printing solutions. In addition, Custom Design and Manufacturing held more than 50% share and garnered US$ 324.4 Million revenues during 2017. Based on technology, the North America market is segmented into stereolithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing and others. In 2017, Fused Deposition Modelling technology dominated the North America 3D Printing market, and is expected to maintain its dominance throughout the analyzed period. It is projected to reach US$ 3,903.4 Million by 2024 showcasing significant CAGR of 22.6% during the analyzed period. Furthermore, depending on application type, the market is further classified into Functional Parts, Fit and Assembly, Prototype Modelling, Education, Metal Casting, Metal Casting, Visual Aids and Presentation Modelling. During 2017, functional parts occupied the largest share of 33.8% followed by Fit and assembly application type in regional 3D printing market.
Moreover, benefits of 3D printing can also be witnessed among various industry verticals such as Education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others where the additive manufacturing has turned out to be a game changer. Automakers and raw material suppliers for manufacturing sector have realized the benefits of 3D printing solutions, eventually increasing the demand for 3D printing solutions in these industries. In the automotive industry, the use of 3D printing technology has been successful in bring about new shapes to the industry, allowing the industry to produce lighter and more complex structures at affordable price ranges. Manufacturing sector was accounted as the fastest growing industry vertical in terms of its applications in 3D printing. Based on estimation, the respective segment is projected to generate revenue of US$ 2,379.4 Million in by 2024 displaying tremendous CAGR of 22.6% during the forecasted period in North America 3D printing market.
Moreover, decreasing costs of raw materials used in 3D printer, burgeoning import penetration, strong competitiveness and dramatic uptake of technological advancements have put the downward pressure on 3D printer prices coupled with numerous players foraying into 3D printing domain have resulted into tremendous growth of North America 3D printing market. In addition, growing prominence of 3D printing technique among various industry verticals such as healthcare, automotive, education, consumer goods paired with surging investments by companies and supportive legal framework have further impelled the performance of 3D printing in North America. North America 3D printing is not only being dominated by plastic and polymers but metals have also become the viable options for 3D solution specifically among aerospace and OEM manufacturers. Additive manufacturing has also showcased the potential to deliver significant change to the healthcare landscape which has further enabled life sciences and health care professionals to utilize 3D printing technique. Furthermore, digital dentistry has also brought drastic transformation in 3D printing space. Owing to this, North America 3D printing market was valued at US$ 3021.1 Million during 2017 and is projected to reach US$ 12,202 Million by 2024 displaying exponential CAGR of 22.3% during the predicted period. Growth for 3D printing has remarkably driven by demand for 3D-produced orthopedic and cranial implants, and dental restoration. The emergence of an unprecedented number of small and medium-sized 3D-printing technology companies is creating an increasingly competitive business environment. However, legal issues faced by major players in North America in terms of prohibiting the development of 3D printed armaments or destructive elements or equipment’s such as guns needs to be addressed.
Also, for better understanding of 3D printing market penetration, the market is analyzed in different geographies and countries including North America (U.S., Canada, Mexico and Rest of North America. Based on estimation, North America would account for revenue share of 55% in 2018. Increasing investments by the competitors, falling printer prices and disrupting manufacturing sector continue to support the considerable growth in 3D printing landscape of the region. North America includes countries such as U.S., Canada and Mexico. 3D printing technology has vastly gained the prominence over the traditional manufacturing methods owed to its efficiency and high precision rate. US and Canada constantly showcase as the prominent and early adopters of such 3D technique across all the manufacturing processes. U.S. has been the highest revenue-generating country in the North America 3D printing market, followed by Canada. US 3D printing market was accounted at US$ 2,338.3 Million during 2017 and is anticipated to generate US$ 9,273.5 revenues by 2024 showcasing remarkable CAGR of 22% during the estimated period. Rapid growth in the U.S., in industry verticals ranging from consumer products, healthcare, defense, aerospace, and automobile has accelerated the growth of 3D printing in this region. While, Mexico is also expected to be the fastest growing country, displaying the considerable CAGR of 25.9% approximately from 2018-2024 due to of rapid embracement of 3D printing in the developing industrial sectors.
Numerous companies have forayed in the North America 3D printing market that offers 3D printers, 3D printing materials, and 3D printing services. With an objective to enhance their product portfolio, the major market players have entered into various acquisitions and collaborations. Major players in this market comprise 3D Systems, Stratasys Ltd., The ExOne Company, Autodesk Inc., Optomec, Inc., Organovo Holdings, Inc., and Arevo Labs. The players consistently aim to focus on product development, launch new products and enhance their existing portfolios to expand their customer base and strengthen their market position through partnerships and collaborations which further offers them growth opportunities for geographic expansion.
1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Secondary Data
2.1.1 Key Secondary Sources
2.2 Primary Data
2.2.1 Sampling Techniques & Data Collection Methods
2.2.2 Primary Participants
2.3 Supply Side & Demand Side Analysis
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 MARKET OVERVIEW
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Falling Printer Prices
5.2.1.2 Surging Investments
5.2.1.3 Supportive Regulatory Framework
5.2.2 Market Restraints
5.2.2.1 Legal Issues Faced by Major 3D Players
5.2.3 Opportunities in the Market
5.2.3.1 3D Metal Printing
5.2.3.2 3D Printing tend to transform Healthcare
6 NORTH AMERICA MARKET INSIGHTS BY COMPONENT
6.1 Product Segment
6.1.1 General Introduction
6.1.1.1 Professional/Industrial Printer
6.1.1.2 Personal/Desktop 3D Printers
6.2 Material Segment
6.2.1 General Introduction
6.2.1.1 Polymer
6.2.1.2 Plastic
6.2.1.3 Metals and Alloys
6.2.1.4 Ceramic
6.2.1.5 Other Materials
6.3 Service Segment
6.3.1 General Introduction
6.3.1.1 Custom Design and Manufacturing
6.3.1.2 After Sales Service
7 NORTH AMERICA MARKET INSIGHTS BY TECHNOLOGY
7.1 General Introduction
7.1.1 Stereolithography Technology
7.1.2 Selective Laser Sintering
7.1.3 Electron Beam Melting
7.1.4 Fused Deposition Modelling
7.1.5 Laminated object Manufacturing
7.1.6 Other Technologies
8 NORTH AMERICA MARKET INSIGHTS, BY APPLICATIONS
7.1 General Introduction
7.1.1 Visual Aids
7.1.2 Presentation Modelling
7.1.3 Fit & Assembly
7.1.4 Prototype Tooling
7.1.5 Metal Casting
7.1.6 Functional Parts Production
7.1.7 Other Applications
9 NORTH AMERICA MARKET INSIGHTS, BY END USER INDUSTRY
9.1 General Introduction
9.1.1 Educational Industry
9.1.2 Automotive Industry
9.1.3 Aerospace & Defence Industry
9.1.4 Healthcare Industry
9.1.5 Consumer Goods Industry
9.1.6 Manufacturing Industry
9.1.7 Construction Industry
9.1.8 Other Industries
10 NORTH AMERICA MARKET INSIGHTS BY COUNTRY
10.1 General Introduction
10.2 North America 3D Printing Market Insights
10.2.1 North America Market, by Component
10.2.2 North America Product Component Market, by Printer Type
10.2.3 North America Material Component Market by Material Type
10.2.4 North America Market by Technology
10.2.5 North America Market by Application
10.2.6 North America Market by End-User Industry
10.2.7 North America Market by Country
10.2.7.1 United States 3D Printing Market Insights
10.2.7.1.1 United States Market, by Component
10.2.7.1.2 United States Product Component Market, by Printer Type
10.2.7.1.3 United States Material Component Market by Material Type
10.2.7.1.4 United States Market by Technology
10.2.7.1.5 United States Market by Application
10.2.7.1.6 United States Market by End-User Industry
10.2.7.2 Canada 3D Printing Market Insights
10.2.7.2.1 Canada Market, by Component
10.2.7.2.2 Canada Product Component Market, by Printer Type
10.2.7.2.3 Canada Material Component Market by Material Type
10.2.7.2.4 Canada Market by Technology
10.2.7.2.5 Canada Market by Application
10.2.7.2.6 Canada Market by End-User Industry
10.2.7.3 Mexico 3D Printing Market Insights
10.2.7.3.1 Mexico Market, by Component
10.2.7.3.2 Mexico Product Component Market, by Printer Type
10.2.7.3.3 Mexico Material Component Market by Material Type
10.2.7.3.4 Mexico Market by Technology
10.2.7.3.5 Mexico Market by Application
10.2.7.3.6 Mexico Market by End-User Industry
10.2.7.4 Rest of North America 3D Printing Market Insights
10.2.7.4.1 Rest of North America Market, by Component
10.2.7.4.2 Rest of North America Product Component Market, by Printer Type
10.2.7.4.3 Rest of North America Material Component Market by Material Type
10.2.7.4.4 Rest of North America Market by Technology
10.2.7.4.5 Rest of North America Market by Application
10.2.7.4.6 Rest of North America Market by End-User Industry
11 COMPETITIVE SCENARIO
11.1 North America 3D Printing Market Share of Major Players, 2017
12 COMPANY PROFILES
12.1 3D SYSTEMS CORPORATION
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Key Product/Services Offerings
12.1.4 SWOT Analysis
12.1.5 Key Financials
12.1.5.1 Revenue Split by Region
12.1.6 Recent developments
12.2 ARCAM AB
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Key Product/Services Offerings
12.2.4 SWOT Analysis
12.2.5 Key Financials
12.2.5.1 Revenue Split by Region
12.2.6 Recent developments
12.3 ROYAL DSM N.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Key Product/Services Offerings
12.3.4 SWOT Analysis
12.3.5 Key Financials
12.3.5.1 Revenue Split by Region
12.3.5.2 Revenue Split by Products
12.3.6 Recent developments
12.4 STRATASYS LTD
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Key Product/Services Offerings
12.4.4 SWOT Analysis
12.4.5 Key Financials
12.4.5.1 Revenue Split by Region
12.4.6 Recent developments
12.5 AUTODESK INC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Key Product/Services Offerings
12.5.4 SWOT Analysis
12.5.5 Key Financials
12.5.5.1 Revenue Split by Region
12.5.6 Recent developments
12.6 THE EXONE COMPANY
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Key Product/Services Offerings
12.6.4 SWOT Analysis
12.6.5 Key Financials
12.6.5.1 Revenue Split by Region
12.6.6 Recent developments
12.7 HOGANAS AB
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Key Product/Services Offerings
12.7.4 SWOT Analysis
12.7.5 Recent developments
12.8 ORGANOVO HOLDINGS INC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Key Product/Services Offerings
12.8.4 SWOT Analysis
12.8.5 Key Financials
12.8.6 Recent developments
12.9 MCOR TECHNOLOGIES LTD
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Key Product/Services Offerings
12.9.4 Key Financials
12.9.5 Recent developments
12.1 VOXELJET AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Key Product/Services Offerings
12.10.4 SWOT Analysis
12.10.5 Key Financials
12.10.5.1 Revenue Split by Region
12.10.5.2 Revenue Split by Business Division
12.10.6 Recent developments
TABLE 2 North America 3D Printing Selective Laser Sintering System Providers
TABLE 3 North America 3D Printing Price Range of Professional Desktop SLS Printers
TABLE 4 Application of 3D Printing in Aerospace & Defense Industry
TABLE 5 3D Systems Corporation Key Facts
TABLE 6 Products segmentation of 3D Systems Corporation
TABLE 7 3D System Corporation Growth Strategy
TABLE 8 3D Systems Corporation Financials, US$ Million
TABLE 9 Arcam AB Key Facts
TABLE 10 Products Segmentation of Arcam AB
TABLE 11 Arcam AB Growth Strategy
TABLE 12 Arcam AB Financials, US$ Million
TABLE 13 Royal DSM N.V. Key Facts
TABLE 14 Products Segmentation of Royal DSM NV
TABLE 15 Royal DSM NV Growth Strategy
TABLE 16 Royal DSM N.V. Financials, US$ Million
TABLE 17 Stratasys Ltd. Key Facts
TABLE 18 Products Segmentation of Stratasys Ltd
TABLE 19 Stratasys Ltd Growth Strategy
TABLE 20 Stratasys Ltd Financials, US$ Million
TABLE 21 Autodesk, Inc. Key Facts
TABLE 22 Products Segmentation of Autodesk Inc.
TABLE 23 Autodesk Inc. Growth Strategy
TABLE 24 Autodesk Inc. Financials, US$ Million
TABLE 25 The ExOne Company Key Facts
TABLE 26 Products Segmentation of ExOne
TABLE 27 ExOne Growth Strategy
TABLE 28 ExOne Financials, US$ Million
TABLE 29 Hoganas AB Key Facts
TABLE 30 Products Segmentation of Hoganas AB
TABLE 31 Hoganas AB Growth Strategy
TABLE 32 Organovo Holdings, Inc. Key Facts
TABLE 33 Products Segmentation of Organovo Holdings
TABLE 34 Organovo Holdings Growth Strategy
TABLE 35 Organovo Holdings Financials, US$ Million
TABLE 36 Mcor Technologies Key Facts
TABLE 37 Products Segmentation of Mcor Technologies
TABLE 38 Mcor Technologies Growth Strategy
TABLE 39 Voxeljet AG Key Facts
TABLE 40 Products Segmentation of Voxeljet AG
TABLE 41 Voxeljet AG Growth Strategy
TABLE 42 Voxeljet Financials, US$ Million
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