Reading: 2022 North American 3D Printing Market Expected to Reach $5 Billion | 2022 North American 3D Printing Market Expected to Reach $5 Billion

As we all know, the United States is the highest-income country in the North American 3D printing market, followed by Canada. The rapid growth of the United States in the fields of consumer goods, medical care, defense, aerospace and automobiles has accelerated the development of 3D printing in the region. In 2016-2022 During the forecast period, Mexico is expected to be the fastest growing country with a compound annual growth rate of 27.3%, due to the rapid adoption of 3D printing technology by the developing industrial sector.

According to the latest report issued by Allied Market Research Corporation, by 2022, the North American 3D printing market is expected to reach US$5.01 billion, and its compound annual growth rate during the 2016-2022 forecast period will be 20.1%.

North American 3D Printing Market Overview:

3D printing is used in a variety of industries, including consumer goods, aerospace, automotive, healthcare, defense, education and research. It is able to efficiently manage resources and increase yield while minimizing waste and operating costs. 3D printing targets include prototypes, features Various applications including model, demonstration model, artwork, and custom parts development were implemented. The consumer goods industry accounted for the main revenue share of the 3D printing market in North America, which accounted for 21.4% of the total market revenue in 2015, followed by the automotive industry, which accounted for the same period of the previous year. 18.3% .

Based on different technologies, there are various 3D printers on the market to choose from. Stereolithography, fused deposition modeling, selective laser sintering, laminated object manufacturing and electron beam fusion are commonly used 3D printing technologies. Lithography-printed 3D printers account for the majority of North American 3D printing market, accounting for 33.2% of total market revenue in 2015.

Due to their high precision and better surface finish, these printers are mainly used for designing models and forming patterns. Stereolithography is an additive manufacturing technology that employs photopolymerization technology for layer-by-layer production for prototype and functional models. Development. 3D printers based on electron beam melting technology may achieve the highest compound annual growth rate between 2016 and 2022.

3D printing uses different materials such as polymers, ceramics, and other metals and alloys. Polymers have a major share of North American 3D printed materials, accounting for over 40% of total material market revenue in 2015. During the forecast period, metals And alloys are expected to become the fastest growing material areas.

The main findings of the North American 3D printing market:

Due to high-precision, high-efficiency manufacturing requirements and reduced costs, the North American 3D printing market may grow at a high speed in the future. The 3D printing service sector occupies a major share of this market. Between 2016 and 2022, 3D printing was applied in the field of defense. The compound annual growth rate is expected to reach 24.7%. The United States is the highest-income country in this market.

It is understood that the main participants in this market include 3D Systems, Stratasys Ltd., ExOne Company, Autodesk Inc., Optomec, Inc., Organovo Holdings, Inc. and Arevo Labs. These participants continuously introduce new products and strengthen their existing Portfolio to expand its customer base and strengthen its market position. Partners provide growth opportunities for these participants to expand geographical coverage.

Source: 3D Tiger

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