The surge in investment by automotive industry across the region is driving the North America additive manufacturing market demand during the forecast period.

The North America Additive Manufacturing Market size was valued at USD 7.46 billion in 2023, and is predicted to reach USD 30.32 billion by 2030, at a CAGR of 20.7% from 2024 to 2030. In terms of volume, the market size was 355 thousand units in 2023, and is projected to reach 1677 thousand units by 2030, with a CAGR of 22.7% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

In North America, the automotive industry's increased investment is driving substantial demand for additive manufacturing (AM) technologies. Automakers in the region are allocating resources to innovative solutions that enhance production efficiency, cost-effectiveness, and operational flexibility. Through investments in AM industry, automotive companies aim to streamline manufacturing processes, reduce lead times, and introduce innovative designs that meet evolving consumer preferences and regulatory standards.

According to a 2022 report from the Center for Automotive Research, the U.S. automotive sector dedicates approximately USD 16 to USD 18 billion annually to research and product development, with 99% of funding sourced internally. This rise in investment underscores a strategic shift towards adopting AM for rapid prototyping, tooling, and manufacturing of end-use components.

However, the high upfront cost of additive manufacturing (AM) equipment, materials, and training serves as a significant restraining factor to the North America additive manufacturing market growth. This substantial investment poses a major hurdle for businesses, particularly smaller ones, limiting their ability to enter the market or expand their capabilities. Additionally, the cost of materials and training further adds to the overall expense. Consequently, many businesses are deterred from adopting AM technology due to these high upfront costs, thereby impeding the market's growth.

On the other hand, the integration of AI in additive manufacturing (AM) holds immense potential to drive the North America additive manufacturing market expansion by optimizing production processes, enhancing product design capabilities, and enabling the creation of highly customized and complex objects. By incorporating AI, companies can analyze vast amounts of data collected during the 3D printing process such as material properties, printing parameters, and environmental conditions to identify patterns, optimize settings, and predict potential defects. This leads to improved print quality and reduced waste.

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Several key players operating in the North America additive manufacturing industry include HP Inc., Colibrium Additive (GE Aerospace), EOS GmbH, Stratsys, Trumpf, 3D Systems Inc., Formlabs, Desktop Metal Inc., DMG Mori AG, Proto Labs Inc., and others.

Key Insights from the North America Additive Manufacturing Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the North America additive manufacturing market trends is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the North America additive manufacturing market is provided in the report along with their competitive analysis.