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U.S. 3D Printing Market Outlook 2020

U.S. 3D Printing Market Outlook 2020

Globally, burgeoned investment in Research and Development (R&D) across industries like aerospace, automotive, healthcare, oil and gas etc. will fuel the additive manufacturing industry. Following the same trend, the US 3D printing industry is poised to experience astonishing growth in the future.

A shift from designing prototypes to producing end-user products can be seen in various U.S. industries. As a result, the 3D printing industry is anticipated to touch USD 17.2 billion mark by 2020. Increased government initiatives for small and medium enterprises would further help in increasing exports to international geographies.

While defining the industry by segment, it is seen that printers sector will grow at highest CAGR of 29% through 2015-2015 and is expected to touch USD 6.48 billion by 2020. Continuous falling prices of 3D printers would increase the installation numbers in households and small offices. In contrast, the maintenance segment will show the slowest growth rate from 2015-2020. The service and maintenance segment is hoping to expand at a CAGR of 22% to reach USD 3.46% over the next five years from 2015 to 2020. The reason for the slow growth can be attributed to decrease in 3D printer prices. It is expected that people would prefer buying new printers with advanced technology at a comparatively lower rate rather than getting them fixed for any technical issue.

An expanded demand for 3D printing from aerospace is expected, especially from civil aircrafts and space-crafts. U.S. aerospace industry rose at a CAGR of 3% from 2011 to 2015, under which space craft showed highest growth 7% y-o-y, followed by civil aircrafts at 6% annually. The scientists in space research agencies are continuously looking for methods to develop parts that can be developed on-site in the space for any emergency repair. Additionally, in automobile and aerospace industry there is huge demand for equipment that can develop heavy-duty parts and accessories from light-weight material and in an inexpensive way in no-time.

In additive manufacturing industry the consolidation is trending to acquire more number of patients and innovative technologies. However, many big players are facing legal issues while implementing new technology and services. For instance, government rules doesn`t allow any of the business to develop the armaments or destructive elements/equipment like guns. There are other rules imposed by FDA, EPA and related, to safeguard the society interest. For instance, developing functional kidney, heart and liver through bio-printing is possible but the permission has to be granted by government agencies to transplant these organs. Similarly, there are various hurdles being faced by aerospace industry while implementing the newly developed products in the aircrafts as the safety and security of the civil society needs to be addressed first.

Currently, all the major players in the additive manufacturing are trying to tap sector like education to increase the awareness about the technology and its benefits. In order to follow this, various labs have been set-up by the companies for students, small businesses and civilians. Furthermore, the players are now focusing upon the mass customization that would attract more acceptance and interest of customers/clients.


“Increasing Government Initiative to Drive U.S. 3D Printing Market Growth in Future”: says ERC

The United States 3d printing industry is expected to experience a healthy growth, driven mainly by the high government spending and various initiatives. The U.S. 3D printing market is anticipated to expand at a compound annual growth rate (CAGR) of 28% during the forecasted period of 2016-2020, and reach to a valuation of USD 17.2 billion, according to our research report “U.S. 3D Printing Market Outlook 2020.”

Currently, at 38%, the U.S. accounts for the highest market share in the Global 3D printing industry and owing to rising awareness and subsequent demand from consumers, it is expected that the market share will further increase in near future.

Further, in a bid to boost 3D printing and SMEs business and strengths, the U.S. Government is implementing various programs and updating various policies; ease of exports, information centers on exports, access to capital for small companies etc. According to ERC, favorable government policies are expected to provide an impetus to the 3D Printing Market in the U.S.

The report titled “US 3D Printing Market Outlook 2020” provides detailed overview on the 3D printing Market of US in terms of product, materials and services. Further, the report also analyzes the opportunities of the U.S. 3D printing industry in major sectors viz. aerospace, healthcare, automotive and oil & gas.

To provide the in-depth analysis, the research report also encompasses the growth drivers, restraints and government initiatives.

With a view to understand the competitive landscape, the research report includes profiles of top U.S. based players but not limited to Stratasys, ExOne, 3D system etc. The profile encloses key information of the major U.S. 3D printing industry players that consists business overview, key financial, product offering and recent developments. Overall, the report provides detailed overview on the U.S. 3D printing industry that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

“U.S. 3D Printing Market Witnessing Remarkable Growth”: says ERC

United States 3d Printing Market is growing immensely due to its growing application across various industries such as aerospace, healthcare, automotive and oil & gas etc. In addition, advancement in technologies are adding growth to the US 3d printing market. As per our research, the US 3D Printing market is expected to flourish with new technology and is anticipated to grow at a CAGR of 28% during the forecast period 2015-2020, and reach a valuation of USD 17.2 billion.

According to ERC, out of printer, materials and service and maintenance segment, printer segment is expected to exhibit highest CAGR of 29% and is anticipated to reach USD6.5 billion by 2020. Additionally, major manufacturing industries in US are planning to implement the 3D printing technology in their manufacturing process as 3D printing saves lot of time and money. A wide-spread shift from prototyping development to end-user product can be seen easily in almost every industry. Also, manufacturers are expanding their 3D printing network and integrating the technology in their research and development.

International crisis like Greek crisis and China, are also putting an extra pressure on the manufacturers to cut-down on their operational costs. Citing all the factors like cost-cutting, time-saving and convenience, industries have now turned up in experimenting their end-products developments through 3D printing.

The report titled “US 3D Printing Market Outlook 2020” provides detailed analysis on the 3D printing market of the U.S. in terms of product, materials and services. Further, the report also analyzes the opportunities of United States 3D printing industry in major sectors viz. aerospace, healthcare, automotive and oil & gas industry.

Further, the research also speaks about the growth drivers, restraints and government initiatives for SMEs and 3D printing industry.

With a view to understand the competitive landscape, the research report includes profiles of top U.S. based players but not limited to Stratasys, ExOne, 3D system etc. The profile encloses key information of the major U.S. 3D printing industry players that consists business overview, key financial, product offering and recent developments. Overall, the report provides detailed overview on the U.S. 3D printing industry that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

1. List of Figures
2. List of Tables
3. Executive Summary
4. Research Methodology
5. 3D Printing – An Introduction
5.1 Process
5.2 Technology
5.2.1 Stereolithography (SLA)
5.2.2 Fused Deposition Modeling (FDM)
5.2.3 Selective Laser Sintering (SLS)
5.2.4 Selective Laser Melting (SLM)
5.2.5 Electron Beam Melting (EBM)
5.2.6 Laminated Object Manufacturing (LOM)
5.3 Materials Used
6. Global 3D Printing
6.1 Introduction
6.2 Patent landscape
7. US 3D Printing Industry an Overview
8. US 3D Printing Market Segmentation
8.1 By Products
8.1.1 Printer
8.2 By Materials
8.3 By Services
9. Opportunities in US 3D printing market
9.1 Aerospace
9.2 Healthcare
9.3 Automotive
9.4 Oil & Gas
9.4.1 Upstream Opportunities
9.4.2 Downstream Value
10. Porter’s Five Force Model Analysis
11. Industry Growth Drivers
11.1 Increasing Research and development expenditure
11.2 Increasing Government Support
11.3 Increasing Demand From Manufacturing & Healthcare
11.4 Mass customization
12. Restraints
12.1 High Cost
12.2 Unavailability of Skilled Labor
12.3 Lack of Export assistance
12.4 Access to capital
13. Legal challenges
14. Government Initiatives for Small and Medium Businesses
14.1 Research Expenditure
14.2 America Makes
14.3 The National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership (MEP)
14.4 RFP–EZ
14.5 Challenge.gov
14.6 SBA Loan Process
14.7 Government Venture Investing
14.8 The Jumpstart Our Business Startups Act of 2012 (JOBS Act)
14.9 Export Control Initiative
14.10 Export.gov
14.11 State Trade and Export Promotion (STEP) Grant Program
14.12 National Export Initiative/Next (NEI/NEXT)
14.13 Income-Based Repayment Plan
14.14 Rhode Island Plan
14.15 Venture for America (VFA)
14.16 Entrepreneurship Student Loan Deferment
14.16.1 National Science Foundation (NSF) Innovation Corps (I-Corps) Program
14.16.2 NSF Engineering Research Centers
14.17 Executive Action
14.18 The Workforce Innovation and Opportunity Act (WOIA)
14.19 Manufacturing Universities Act of 2014
15. Regulating 3D Printing by Various Bodies
15.1 Food and Drugs industry
15.2 Aerospace Industry
16. Competitive Landscape
16.1 Stratasys
16.1.1 Company Overview
16.1.2 Key Financials
16.1.3 Recent News & Developments
16.2 Exone
16.2.1 Company Overview
16.2.2 Key Financials
16.2.3 Recent News and Developments
16.3 3D Systems
16.3.1 Company Overview
16.3.2 Key Financials
16.3.3 Recent News and Developments
16.4 Optomec
16.4.1 Company Overview
16.4.2 Key Financials
16.4.3 Recent News & Developments
16.5 Disclaimer
List of Figures:
Figure 3- 1: US 3D Printing Market Size (USD Billion) & Y-o-Y Growth %, 2015-2020 5
Figure 6- 1: Top 3D Printer Manufacturers
Figure 6- 2: Fused Deposition Modeling (FDM) Working Model
Figure 6- 3: Selective Laser Sintering (SLS) Working Model
Figure 6- 4: Selective Laser Melting (SLM) Working Model
Figure 6- 5: Electron Beam Melting (EBM) Working Model
Figure 6- 6: Laminated Object Manufacturing (LOM) Working Model
Figure 7- 1: Global 3D Printing Market Size, 2015-2020 (USD Billions) & Y-o-Y Growth
Figure 7- 2: Global 3D Printers Shipments, 2014 (Percentage)
Figure7-3: Percentage share of Additive Manufacturing in Other Industries, 2014
Figure7-4: Percentage share of Additive Manufacturing in Industrial Products, 2014
Figure 7- 5: 3D Printing Application, 2014 (In Percentage)
Figure 7- 6: Factors affecting 3D Printers & Services Purchase, 2014
Figure 7- 7: Global 3D Patent Distribution, 2013 (By Percentage)
Figure 8- 1: US 3D Printing Market Size (Billion USD), 2014-2020
Figure 9- 1: Types of Printer Purchased (In Percentage), 2014
Figure 9- 2: Price Range of Household and Small Industrial 3D Printers (USD), 2014
Figure 9- 3: US 3D Printer Market Size (USD Billion) & Y-o-Y Growth %, 2015-2020
Figure 9- 4: US 3D Printer Material Market Size (USD Billion) & Y-o-Y Growth %, 2015-2020
Figure 9- 5: US 3D Printing Service & Maintenance (USD Billion) & Y-o-Y Growth %, 2015-2020
Figure 10- 1: Aerospace Industry Sale by Product Group (In USD Billion), 2011-2015
Figure 10- 2: % Share of Groups in Total Sales, 2014
Figure 10- 3: Current & Future Application of 3D Printing in Civil Aerospace, 2014
Figure 10- 4: Current & Future Application of 3D Printing in Space-craft Industry, 2014
Figure 10- 5: US Government Spending on Healthcare (USD trillion), 2013-2017
Figure 10- 6: US Healthcare Expenditure, By Segment (USD Billion), 2014
Figure 10- 7: Additive Manufacturing share in Automotive Industry (USD million), 2013
Figure 10- 8: Current & Future Application of 3D Printing in Automotive, 2014
Figure 11- 1: Porter`s Five Force Model Analysis, 2014
Figure 14- 1: Legal Requirements in Business Steps
Figure 17- 1: Stratasys – Revenue (USD Million), 2012-2014
Figure 17- 2: ExOne – Revenue (Millions USD), 2012-2014
Figure 17- 3: 3d system – Revenue (Millions USD), 2012-2014
List of Tables:
Table 9- 1: US 3D printing service providers
Table 17- 1: Stratasys Revenue by Product and Services
Table 17- 2: Stratasys Revenue by Region (USD Millions)
Table 17- 3: Stratasys - Key Financials
Table 17- 4: ExOne Revenue by product, materials & services (USD Millions)
Table 17- 5: The ExOne Company - Key Financials
Table 17- 6: 3D Systems – Revenue (USD Millions), 2012-2014
Table 17- 7: 3D Systems – Revenue by Geography (USD Millions), 2013-2014
Table 17- 8: 3d Systems - Key Financials

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