The surge in investment towards the automotive industry across the region is driving the U.S. additive manufacturing market demand during the forecast period.

The U.S. Additive Manufacturing Market size was valued at USD 6.83 billion in 2023, and is predicted to reach USD 27.29 billion by 2030, at a CAGR of 20.4% from 2024 to 2030. In terms of volume, the market size was 325 thousand units in 2023, and is projected to reach 1508 thousand units by 2030, with a CAGR of 22.4% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The increased investment in the U.S. automotive industries is driving demand for AM technologies as automakers pursue innovative solutions to improve efficiency, cost-effectiveness, and production flexibility. Through the adoption of additive manufacturing, automotive companies seek to streamline manufacturing processes, reduce lead times, and introduce new designs that meet evolving consumer preferences and regulatory requirements.

According to a 2022 report from the Center for Automotive Research, the U.S. automotive sector allocates approximately USD 16 to USD 18 billion annually for research and product development, with 99% of funding originating from within the industry itself. This significant increase in expenditure reflects a strategic pivot towards leveraging AM for rapid prototyping, tooling, and manufacturing end-use parts within the U.S. automotive sector.

However, the high upfront cost of additive manufacturing (AM) equipment, materials, and training serves as a significant restraining factor to the U.S. 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) sector holds immense potential to drive 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 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 U.S. additive manufacturing industry include Stratasys, GE Additive, Fisher Unitech, FormLabs, Markforged, Forge Nano, Velo3D, Optomec Inc., Desktop Metal Inc., Redwire Corporation, and others.

Key Insights from the U.S. Additive Manufacturing Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the U.S. 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 U.S. additive manufacturing market is provided in the report along with their competitive analysis.