North America Hybrid Additive Manufacturing Market Size & Outlook
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North America hybrid additive manufacturing market highlights
- The North America hybrid additive manufacturing market generated a revenue of USD 76.2 million in 2022.
- The market is expected to grow at a CAGR of 21.4% from 2023 to 2030.
- In terms of segment, titanium was the largest revenue generating material in 2022.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 76.2 million |
| Market revenue in 2030 | USD 359.4 million |
| Growth rate | 21.4% (CAGR from 2022 to 2030) |
| Largest segment | Titanium |
| Fastest growing segment | Titanium |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Titanium, Aluminium, Steel, Nickel |
| Key market players worldwide | Materialise NV ADR, Portland General Electric Co, Renishaw PLC, 3D Systems Corp, Dowlais Group PLC, Sandvik AB, Voxeljet AG ADR, ExOne, Hoganas |
Other key industry trends
- In terms of revenue, North America region accounted for 39.8% of the global hybrid additive manufacturing market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 232.0 million by 2030.
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Hybrid Additive Manufacturing Market Scope
Hybrid Additive Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hoganas | View profile | 1001-5000 | Höganäs, Skane Lan, Sweden, Europe | https://www.hoganas.com |
| ExOne | View profile | 251-500 | Huntingdon, Pennsylvania, United States, North America | http://exone.com |
| Voxeljet AG ADR | View profile | 253 | Paul-Lenz Strasse 1a, Friedberg, Germany, 86316 | https://www.voxeljet.de |
| Dowlais Group PLC | View profile | 23912 | 11 Bressenden Place, 2nd Floor Nova North, London, United Kingdom, SW1E 5BY | https://www.dowlais.com |
| Materialise NV ADR | View profile | 2437 | Technologielaan 15, Leuven, Belgium, 3001 | https://www.materialise.com |
| Renishaw PLC | View profile | 5175 | New Mills, Wotton-under-Edge, Gloucestershire, United Kingdom, GL12 8JR | https://www.renishaw.com |
| 3D Systems Corp | View profile | 2032 | 333 Three D Systems Circle, Rock Hill, SC, United States, 29730 | https://www.3dsystems.com |
| Portland General Electric Co | View profile | 2842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | https://www.portlandgeneral.com |
| Sandvik AB | View profile | 40614 | Kungsbron 1, Section G, Floor 6, Stockholm, Sweden, 111 22 | https://www.sandvik.com |
North America hybrid additive manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hybrid additive manufacturing market will help companies and investors design strategic landscapes.
Titanium was the largest segment with a revenue share of 23.1% in 2022. Horizon Databook has segmented the North America hybrid additive manufacturing market based on titanium, aluminium, steel, nickel covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the key regional markets for hybrid additive manufacturing. The demand for hybrid additive manufacturing and various raw materials, such as titanium, aluminum, nickel, and cobalt chrome, among others, is expected to increase owing to an increase in their demand from various end-use industries in the region.
Bombardier, Pratt & Whitney, and CAE Inc. are some of the largest aerospace companies in Canada. The Canadian aerospace industry, which is a major user of advanced manufacturing technologies, has been a key driver in the adoption of HAM technology.
The National Research Council of Canada (NRC) is a key player in the development of HAM technology in Canada and has been involved in numerous research projects in collaboration with industry partners.
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Target buyers of North America hybrid additive manufacturing market databook
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Our clientele includes a mix of hybrid additive manufacturing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America hybrid additive manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into North America hybrid additive manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America hybrid additive manufacturing market size, by country, 2018-2030 (US$M)
North America Hybrid Additive Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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