U.S. 3D Printing Market Size & Share, by Printer Type (Bid Industrial, Dual Extruder, Single Extruder, Multi-Color, 3D Scanner); Material Type (Ceramics, Plastic, Polymer); Component (Hardware, Software, Services); Outlook (Desktop, Industrial); Application (Designing, Prototype Development, 3D Scanning) - Supply & Demand Analysis, Growth Forecasts, Statistics Report 2031

United States (U.S.) 3D Printing Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The U.S. 3D printing market is estimated to garner robust revenue by the end of 2031 by growing at a CAGR of ~22% over the forecast period, i.e., 2022 – 2031. Further, the market generated remarkable revenue in the year 2021. The growth of the market can primarily be attributed to the rising demand for 3D printed products. For instance, the value of 3D printing products and services was estimated to reach approximately USD 10 billion and the United States became the country to have the highest number of 3D printing patents.

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3D printing is an additive manufacturing procedure that utilizes three-dimensional virtual models to make physical objects. In 3D printing, 3D printers or required machines are used that lay down multiple thin layers of a particular material to create the digital designs physically. The popularity of 3D printing is accounted to the fact that it can print any complex figure without any sort of assembly. U.S. 3D printing market trends such as the growing inclination of the younger population toward jewelry, gifts, novelty items, shoes, and skyrocketing demand in furniture manufacturing are estimated to influence the growth of the market positively over the forecast period. For instance, the home furnishings store segment of the United States generated about USD 100 billion in 2018.

United States (U.S.) 3D Printing Market: Growth Drivers and Challenges

Growth Drivers

• Escalating Demand for 3D Printing in Apparel Designing - For instance, in 2021, the sales of apparel in the United States were observed to reach around USD 200 billion.

• Rising Inclination Toward Customizable Gifts - The sales of customizable gifts on Valentine’s day in the United States were estimated to reach around USD 22 billion in 2022. An up-surged demand for personalized and customizable gifts is observed in recent decades owing to the advancement in 3D printing technology. Common examples of customizable gifts are monograms, pictures, names, initials, and others. Such gifts are exclusive and offer a sense of belonging to the people. Hence, such a requirement is anticipated to foster the growth of the market over the forecast period. 

• Higher Utilization in the Jewelry Manufacturing - The demand for gold, silver, and platinum jewelry is rising exponentially, for instance, the platinum jewelry demand reached nearly 1 million ounces in 2022 while the demand for gold jewelry in 2021 was projected to reach approximately 2000 tonnes.

• Significant Demand Aerospace Industry - The United States has one of the most robust aerospace & defense industries. As of 2019, the value of U.S. civil aerospace exports was estimated to be about USD 100 billion.

Challenges

• Higher Cost Associated with the Required Electronics
• Lack of Awareness of the 3D printing
• Presence of the Alternatives in the Market

The U.S. 3D printing market is segmented and analyzed for demand and supply by outlook into desktop and industrial, out of which, the industrial segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the exponentially rising demand for 3D printing in multiple industries. As of 2021, the revenue generated by the 3D printing sector was estimated to be nearly USD 10 billion in 2021.

Major Macro-Economic Indicators Impacting the Market Growth

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The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in the ICT sector has significantly contributed to GDP growth, labour productivity, and R&D spending among other transformations of economies in different nations around the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Market Segmentation

Our in-depth analysis of the U.S. 3D printing market includes the following segments:

Top Featured Companies Dominating the United States (U.S.) 3D Printing Market

• Sciaky Inc.
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis

• Stratasys, Ltd.
• HP Inc.
• ExOne Operating, LLC.
• EnvisionTEC, Inc.
• 3D Systems, Inc.
• EOS of North Africa, Inc.
• Optomec, Inc.
• Autodesk, Inc. 
• Arevo, Inc.