3D Printing Market Regional Analysis:
North American Market Insights
North America in 3D printing market is predicted to dominate over 35% revenue share by 2035, impelled by the growing aerospace and defense (A&D) industry in the region. According to the Aerospace Industries Association, in 2021, the A&D sector had a workforce of more than 2.1 million creating employment in every U.S. state.
The workforce was increased by around 6,000 employees in 2021 which is a 0.3% increase from 2020. The aerospace business, which supplies goods and services including satellites, space launch vehicles, spacecraft, and ground systems for both government and commercial use is one of the biggest in the region.
The growing demand for customized products in different sectors is driving the market of U.S. 3D printing market in the region. For instance, around 49% of customers want personalized and customized product experiences.
The government of Canada has started various initiatives that promote advanced manufacturing, and the regional government has made substantial investments in research and development which is resulting in the growth of the 3D printing market. According to a recent report, Canada has allocated USD 600 million for 3D printing to construct houses cheaper and more sustainable.
APAC Market Insights
The Asia Pacific 3D Printing market is set to be the second largest, during the forecast timeframe led by the higher adoption of robotics and modern mechanics, this in return raises the demand for 3D printing in the industry.
According to the International Federation of Robotics, Asia has a robot density of 168 units per 10,000 employees in the manufacturing industry. Along with this, developments and upgradation in the manufacturing industry with increasing demand for fab shops in this region that aim to provide a 3D print of the component and several items according to the designs provided by the clients can act as a market’s key to growth in the upcoming years.
China is coming out as a manufacturing center for the automotive and healthcare industries to grow. For instance, annual sales of the automobile sector reached 26.9 million units in 2022 and around 23.6 million units were passenger cars.
Korea has a strong grip on the production of consumer electronics as with growing urbanization, demand for electronics is increasing in a parallel way.
