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The North America Additive Manufacturing market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 20.8% in the forecast period of 2023 to 2030 and is expected to reach USD 34,265.62 million by 2030. The major factor driving the growth of the additive manufacturing market is the increasing demand for lightweight components from the automotive and aerospace industries.
The additive manufacturing market is concerned with the design, production and distribution of yarn, cloth, clothing and garments. The raw material may be metal, plastics, alloys and ceramic. The additive manufacturing industries contribute significantly towards the national economy of many countries. Growing demand for lightweight components from the automotive and aerospace categories and advancement in 3D metal printing technologies has highly increased the demand in the North America additive manufacturing market.
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Market Definition
Additive manufacturing (AM) is different from the subtractive method of production, which envisages grinding out unnecessary material from a block of material. The use of additive manufacturing in industrial applications usually refers to 3D printing. Additive manufacturing involves a layer-by-layer addition of material to form an object while referring to a three-dimensional file with the help of a 3D printer and 3D printer software. A suitable additive manufacturing technology is selected from the available set of technologies depending upon the application.
North America additive manufacturing market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the North America Additive manufacturing market.
Some of the prominent participants operating in the North America additive manufacturing market are SLM Solutions, Proto Labs, Stratasys, Renishaw plc., Materialise, Titomic Limited., Höganäs AB, YAMAZAKI MAZAK CORPORATION, Markforged, Ultimaker BV, Optomec, Inc., ExOne. (A Subsidiary of Desktop Metal, Inc.), American Additive Manufacturing LLC, ANSYS, Inc., ARBURG GmbH + Co KG, ENVISIONTEC US LLC, EOS, and 3D Systems, Inc., among others.
Opportunities
In the medical field, every patient is unique, and therefore additive manufacturing has a high potential to be utilized for personalized and customized medical applications. The most common medical clinical used are personalized implants and medical model saws guides. In dental fields, additive manufacturing products are used in splints, orthodontic appliances, dental models and drill guides. However, additive manufacturing products are also used to make artificial tissues and organs, which can be used for study purposes in a research institute or in between doctor and patients consultation. The development of digitalizing medical imaging that digitalization allows for the reconstruction of 3D models from patients’ anatomy. The typical workflow of the personalized medical device starts with imaging or capturing the patient’s geometry of the anatomy using computed 3D scanning methods. Such data can be utilized to print 3D models of a patient’s anatomy or can be used to create personalized devices or implants.
Recent Development
Key Influence of this Market:
The North America additive manufacturing market is categorized based on material type, technology, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Material Type
On the basis of material type, the North America additive manufacturing market is classified into five segments metals, plastics, alloys, and ceramics,.
Technologies
On the basis of technology, the North America additive manufacturing market is classified into eight Segments Stereolithography (SLA), Fused Disposition Modelling (FDM), Laser Sintering (LS), Binder Jetting printing, Polyjet printing, Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), and others.
Application
On the basis of application, the North America additive manufacturing market is classified into eight segments healthcare, aerospace, consumer goods, industrial, defence, architecture, and others.
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The North America Additive manufacturing market is segmented on the basis of material type technology and applications.
The countries in the North America additive manufacturing market are the U.S., Canada, and Mexico, where the USA is the leading market in the region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter’s five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Table of Contents:
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) @ https://www.databridgemarketresearch.com/toc/?dbmr=north-america-additive-manufacturing-market
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