North America 3d Printing Metal Market

North America 3D Printing Metal Market Size (2024-2029):

The North America 3D Printing Metal Market was valued at USD 184.14 million in 2023 and is projected to reach USD 1048.07 million by 2029, growing at a CAGR of 33.64% from 2024 to 2029.

North America 3D Printing Metal Market Overview:

North America's 3D printing metal market growth is expected to be aided by increased investment in 3D printing firms in the coming years. For example, Mantle Inc. has raised USD 25 million to create commercial 3D printing equipment by 2022. Mantle, Inc. is a 3D component manufacturer with over 1 million components for medical devices, deodorant packaging, and dishwasher parts under its belt. According to the company, their True Shape 3D printing technology has reduced production costs by roughly 65 percent and improved lead times. In the dental sector, 3D printing technology, also known as Additive Manufacturing (AM), is utilized to create patient-friendly dental goods such as partial dentures, crowns, and bridges. However, the traditional technique of production is not always suited for low-volume manufacturing since equipment sizes vary, which is now addressed by AM technology, which is projected to fuel market growth in the next six years.

3D printing, also defined as Additive Manufacturing (AM), is used in the dental industry to develop patient-friendly dental products such as partial dentures, crowns, and bridges. Because equipment sizes fluctuate, the conventional method of production is frequently useless for low-volume manufacturing, which is now addressed by AM technology, which is expected to promote market growth in the United States. AM is often used to make scalpel handles, clamps, forceps, hemostats, and prosthetic limbs. Several companies are using AM methods in healthcare. For example, 3D Systems Healthcare is expected to collaborate with the medical industry to accelerate the adoption of additive manufacturing in the medical and dental industries

North America 3D Printing Metal Drivers and Restraints:

In additive manufacturing (AM), metal is a primary focus area that has led to increased investments in recent years. The 3D printing metal industry is witnessing growing demand from the defence and aerospace industries. This is because 3D printing metal can reduce the aerospace part weight and boost overall efficiency.

The extraction process of Titanium poses risks of health hazards and harmful environmental effects. In addition to that, the cost of extraction is on the higher side and thus industries do not prefer this process in developed countries.

Market Segmentation:

North America 3D Printing Metal Market - By Offering:

• Printer
• Material
• Software
• Service

North America 3D Printing Metal Market - By Process:

• Binder Jetting
• Material Extrusion
• Direct Energy Deposition
• Material Jetting
• Power Bed Fusion

The construction market in the USA is expected to grow between 1 to 2% in the forecasted period. This low growth rate is attributed to maturity in the real estate industry. North American countries, especially the USA have been investing aggressively in the aerospace industry. 3D printing metals are used for creating satellite’s specific brackets without changing the existing mold designs and production process. The rising need for critical engineering and fabrication in end-user applications like the aerospace & defense industry is promoting business demand.

Market Regional Analysis:

• United States
• Canada
• Mexico

Because of the widespread use of additive manufacturing in the region, North America dominated the 3D printing metal market and accounted for over 35% of worldwide revenue in 2020. Countries in North America, such as the United States and Canada, have been early users of this technology in various manufacturing processes. Metal 3D printing in a variety of applications has a bright future in the regional market.

An important market-expanding element in the United States is the increasing utilization of metal 3D printers for designing and prototyping items and objects, which is accompanied by lower production costs and improved end-product precision. Moreover, the 3D printing metal market in the United States is expected to see strong demand from the healthcare, automotive, aerospace, and defense industries. Growing breakthroughs in the healthcare sector, such as 3D printing, are driving the sector to thrive and adopt new innovative techniques to combat physical infirmities and promote healthy living.

In the anticipated period, the construction market in the United States is expected to increase by 1 to 2%. The real estate industry's maturity is to blame for the poor growth rate. North American countries, particularly the United States, have been heavily investing in the aerospace industry. Without modifying the existing mold designs or production process, 3D printing metals are employed to create satellite-specific brackets. In addition, the growing demand for essential engineering and fabrication in end-user applications such as aerospace and defense is driving up business demand in Canada.

Impact of COVID-19 on the North America 3D Printing Metal Market:

North America is currently facing extreme economic slowdown amidst this pandemic and manufacturing sectors which require heavily require lubricants and coatings have gone stagnant. Before the pandemic, the growth rate has been flat because of the technological transitions and it has witnessed an impact during the pandemic period. North America is among the most affected regions due to the coronavirus pandemic, and the businesses in this locale are severely influenced. Titanium Oxide, which is the key segment in 3D printing metal industries suffered huge losses and often were required to prove strong liquidity to avoid bankruptcy. The pandemic can bring some changes in the consumer segment of the industry which will eventually affect the demand as industrial coatings and paints are no longer being seen as a top priority. All in all, the 3D printing metal industry is stagnant as a lot of the investments have been directed toward healthcare, and defense activities have significantly reduced during this period.

Market Key Players:

1. 3D systems corporations
2. Stratasys
3. General Electric Company
4. Proto Labs, Inc.
5. The ExOne Company.

Market Recent Developments:

• Huntsman Corporation is planning to reduce its Titanium Oxide capacity to 100 kT which represents 13% of their total European capacity.
• In 2019, 3D Systems Corporation signed a deal worth USD 15 million from the Combat Capabilities Development Command Army Research Laboratory (ARL), to develop the world’s largest, fastest, and most accurate 3D printer. This contract is supposed to improve the consumption of 3D-printed metal parts in the aerospace and defense sector.
•  In 2019, Stratasys Direct Manufacturing expanded its Metal 3D printing production with VELO3D’s Sapphire 3D print system and Flow software. The expansion was done in order to meet the increasing demand for 3D metal products for several applications.