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Technology

The 3D printer market - United States

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Study Overview

A 3D printer is a machine that can project real objects in three dimensions from a file and then create them physically using 3D design softwares. The objects created can be models, spare parts, scale models or prototypes. 3D printers can be industrial or office printers depending on their use. The production involves the following resources:

The production of 3D printing materials (plastics, resins, metal powder) The use of a 3D printer One software (creative software) 3D printing services and consulting activities (optional)

The market for 3D printers (or additive manufacturing) thus includes the following activities:

The sale of 3D printing machines and solutions The sale of printed products by means of specialized machines for customers wishing to make prototypes of particular products Printing services

The global 3D printing market is expanding rapidly; between 2020 and 2024 the market is expected to expand at a CAGR of 26%. Several factors are triggering this growth including a reduction in manufacturing costs and process downtime (which enables more players to enter the market and development to occur faster), government investment, and an adoption and extension in the number of materials which can be used for printing. The US is one of the most developed 3D printers markets in the world. 3D printing is adopted by more than two-thirds of US manufacturers. [PwC] Between 2014 and 2020 the market expanded at a CAGR of 25%. The continued growth in adoption of this manufacturing technique is mainly triggered by cost and time savings, as well as increased precision in comparison to traditional molding and forging. The largest players in the US are HP, Proto Labs, Materialise, and Stratsays.