US 3D Printing Market Overview:
United States 3D Printing Market Size was valued at USD 3.6 Billion in 2022. The US 3D Printing market industry is projected to grow from USD 4.2 Billion in 2023 to USD 13.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.00% during the forecast period (2024 - 2032). The growing need for supply chain efficiency and improvements in the production of spare parts are the main market drivers anticipated to drive the United States 3D Printing Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
US 3D Printing Market Trends
Growing need for supply chain efficiency is driving the market growth
In the United States, environmental sustainability is becoming increasingly important. Potential advantages of 3D printing include less material waste, energy efficiency, and localized production, which are in line with sustainability objectives, encourage industry adoption, and drive the market CAGR. The industry and market ecosystem focused on the creation, manufacturing, and distribution of 3D printing materials, technology, and related services is referred to as the "3D printing market." The method of generating three-dimensional items by layering or depositing materials one after the other in accordance with a digital design or model is called additive manufacturing or 3D printing. The conventional supply chain may be disrupted by 3D printing. Businesses can cut lead times, inventory costs, and transportation costs by permitting localized production. It makes it possible to produce goods as needed, doing away with the need for massive production and storage facilities.
Furthermore, there are a lot of prospects for the worldwide 3D printing market to grow and expand. The fact that 3D printing is now a vital tool for research and education is one of the main opportunities. It gives students practical learning experiences, speeds up the rapid prototyping of scientific models and experiments, and fosters their creativity and problem-solving abilities. Putting 3D printing technology into practice frequently means making a sizable upfront investment in printers, supplies, software, and knowledgeable staff. Small and medium-sized enterprises (SMBs) and startups may find it difficult to access the market as a result of this. In the next two to three years, the government wants to increase GDP by roughly USD 2-3 billion in order to gain 5% of the worldwide 3D printing market. Thus, driving the 3D Printing Printer market revenue.
US 3D Printing Market Segment Insights:
US 3D Printing Printer Type Insights
The United States 3D Printing market segmentation, based on Printer Type, includes Bid Industrial, Dual Extruder, Single Extruder, Multi-Color, and 3D Scanner. The 3D scanner segment dominated the market mostly. This is because faster scanning speeds are common in 3D scanners, which makes it possible to capture things more rapidly and effectively. This can drastically cut down on the amount of time needed to scan complicated or huge objects, increasing the productivity of the workflow as a whole.
US 3D Printing Material Type Insights
The United States 3D Printing market segmentation, based on Material Type, includes Ceramics, Plastic, Polymer, and Metals. The metals generated the most income. Customized parts that are suited to each person's demands and preferences can be produced thanks to metal 3D printing technology. In the healthcare industry, this capacity is especially useful for creating implants and prostheses tailored to each patient's needs. It is also useful for other businesses to create custom parts and goods.
US 3D Printing Component Insights
The United States 3D Printing market segmentation, based on Component, includes Hardware, Software, and Services. The hardware generated the most income. The increased need for improved production techniques and rapid prototyping has greatly benefited the hardware industry. A number of variables include fast industrialization, rising consumer electronics penetration, growing civil infrastructure, fast urbanization, and reduced labor costs.
US 3D Printing Outlook Insights
The United States 3D Printing market segmentation, based on Outlook, includes Desktop and industrial. The industrial generated the most income. This is due to the widespread use of industrial printers in heavy industries, including automotive, electronics, aerospace and defense, and healthcare, which is responsible for a significant proportion of industrial 3D printers. Throughout these industry verticals, some of the most popular industrial applications are designing, prototyping, and tooling.
US 3D Printing Application Insights
The United States 3D Printing market segmentation, based on Application, includes Designing, Prototype Development, 3D Scanning and Others. The prototype development generated the most income. This is due to the prototyping technique's widespread usage in a number of industry verticals. Prototyping is primarily used in the automotive, aerospace, and defense industries to precisely design and build parts, components, and complex systems.
Figure 1: US 3D Printing Market, by Application, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
US 3D Printing Country Insights
The United States is a center for technical innovation, having made large expenditures and conducted extensive research to advance 3D printing technologies. As long as innovation keeps going, printers, materials, and software will get better, increasing the versatility and accessibility of 3D printing across a range of industries. The manufacturing sector in the United States is strong and encompasses a wide range of businesses, from consumer products and healthcare to automotive and aerospace. Rapid prototyping, customization, and on-demand manufacturing are all made possible by 3D printing, and these developments can help American firms become more efficient and competitive. Rapid prototyping and product development made possible by 3D printing technology are propelling the market's growth in the United States and encouraging its adoption in a number of industries, including consumer goods, aerospace, automotive, and healthcare.
US 3D Printing Key Market Players & Competitive Insights
Leading market players are making significant investments in R&D to broaden their product offerings, which will encourage further growth in the United States 3D Printing sector. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including releases of new products, contracts, acquisitions and mergers, increased investments, and cooperation with other enterprises. To grow and endure in a market that is becoming more and more competitive, United States 3D Printing industry must provide reasonably priced goods.
Major players in the United States 3D Printing market are making investments in R&D operations in an effort to boost market demand, including Stratasys, Ltd., HP Inc., ExOne Operating, LLC., EnvisionTEC, Inc., 3D Systems, Inc., EOS of North Africa, Inc., Optomec, Inc., Autodesk, Inc., Arevo, Inc.
Key Companies in the US 3D Printing Market include
US 3D Printing Industry Developments
March 2023: The release of NextDent LCD1, a printing platform, and NextDent Cast and Base, two new printing materials, were announced by 3D Systems, Inc. The printing platform is a user-friendly small-format printer, and the materials are made to improve the qualities of the materials. The company wanted to help its customers accelerate the adoption of additive manufacturing, which is why it launched these products.
February 2023: In order to offer integrated solutions for the development of high-performance electronic systems to enterprise customers in a variety of vertical markets, including high tech, industrial equipment, transportation and mobility, aerospace and defense, and healthcare, Dassault Systèmes has announced a strategic partnership with Cadence Design Systems, Inc.
US 3D Printing Market Segmentation:
US 3D Printing Printer Type Outlook
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Bid Industrial
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Dual Extruder
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Single Extruder
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Multi-Color
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3D Scanner
US 3D Printing Material Type Outlook
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Ceramics
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Plastic
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Polymer
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Metals
US 3D Printing Component Outlook
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Hardware
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Software
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Services
US 3D Printing Outlook Outlook
US 3D Printing Application Outlook
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Designing
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Prototype Development
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3D Scanning
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Others
Report Attribute/Metric |
Details |
Market Size 2022 |
USD 3.6 Billion |
Market Size 2023 |
USD 4.2 Billion |
Market Size 2032 |
USD 13.7 Billion |
Compound Annual Growth Rate (CAGR) |
16.00% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2019-2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Printer Type, Material Type, Component, Outlook, Application |
Countries Covered |
United States |
Key Companies Profiled |
Stratasys, Ltd., HP Inc., ExOne Operating, LLC., EnvisionTEC, Inc., 3D Systems, Inc., EOS of North Africa, Inc., Optomec, Inc., Autodesk, Inc., Arevo, Inc. |
Key Market Opportunities |
Growing demand for improvements in the manufacturing of spare partsRise in the growing the government's increased investment |
Key Market Dynamics |
Growth in expanding supply chain optimizationincreasing demand for many types of accommodations |
Frequently Asked Questions (FAQ) :
The size of the US 3D Printing Market was estimated at USD 3.6 billion in 2023.
It is anticipated that the market would expand at a compound annual growth rate (CAGR) of 16.00% from 2024 to 2032.
The key players in the market are Stratasys, Ltd., HP Inc., ExOne Operating, LLC., EnvisionTEC, Inc., 3D Systems, Inc., EOS of North Africa, Inc., Optomec, Inc., Autodesk, Inc., Arevo, Inc.
The Industrial dominated the market in 2023.
The Prototype Development had the largest share of the market.