As of January 2024, the most profitable industry in the United States was money center banking, with a profit margin of 30.89 percent. The profit margin of the regional banking was not too far off, with a net profit margin of 29.67.

This statistic shows the top ten industries of high-growth companies in the United States as of 2016. In 2016, about **** percent of U.S.-based high-growth companies were specialized in information technology services.

With one of the best tax climates in the nation as well as a strong workforce and solid infrastructure, Texas remains a top destination for manufacturers across multiple industries, from the oil industry to the auto sector, biotech to food processing. Home to 1.2 million workers or roughly 13% of the nation's manufacturing workforce, Texas remains the second-largest manufacturing state in the U.S. (after California) and is the largest state exporter, exporting a record $315 billion worth of goods in 2018. For those looking do business with Texas manufacturers, it helps to have an in-depth understanding of the state's manufacturing climate.

Graph and download economic data for Industrial Production: Manufacturing: Durable Goods: Major Appliance (NAICS = 33522) (IPG33522NQ) from Q1 1972 to Q1 2025 about major, appliances, IP, durable goods, production, goods, industry, indexes, and USA.

In the wake of COVID-19 and associated lockdowns, businesses in the finance and insurance industry saw a ** percent increase in revenues when comparing the revenues generated between ********** to ********** with revenues generated between ********** to **********. Industries that saw the greatest loss in revenue during this time period can be found here.

Graph and download economic data for Gross Domestic Product: Management of Companies and Enterprises (55) in the Great Lakes BEA Region (GLAKMNGCOENTPRNGSP) from 1997 to 2024 about Great Lakes BEA Region, management, enterprises, professional, companies, GSP, private industries, business, services, private, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Private Goods-Producing Industries in the Great Lakes BEA Region (GLAKPRIGOODPRONGSP) from 1997 to 2024 about Great Lakes BEA Region, GSP, private industries, production, goods, private, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: Manufacturing (31-33) in the Great Lakes BEA Region (GLAKMANRGSP) from 1997 to 2024 about Great Lakes BEA Region, GSP, private industries, private, manufacturing, real, industry, GDP, and USA.

Thanks to a bustling online retail scene, the Storage and Warehouse Leasing industry thrives. With e-commerce businesses maintaining a wide array of inventory, demand for storage and warehousing has shot up. Another key trend has been the necessity for these facilities to be located near city centers to ensure quicker deliveries. Urbanization and downsizing have led to more people living in cramped spaces, boosting demand for self-storage solutions. Technological advancements like automated retrieval systems and intelligent inventory management software have also been game-changing, making the industry more efficient and competitive. Through the end of 2024, industry revenue has climbed at a CAGR of 5.7% to reach $35.8 billion in 2024, including a climb of 2.3% in 2024 alone. The gain in online shopping and faster delivery expectations has increased demand for urban warehouse solutions. Growing urbanization has pushed people into smaller living spaces, increasing reliance on personal storage solutions like self-storage units. Technological integrations have streamlined operations and societal changes, boosting the industry's profit. However, higher interest rates pose a challenge, making investments more expensive and potentially affecting expansion and property values. Through the end of 2029, demand for urban warehousing solutions will continue to expand, driven mainly by the shift toward online shopping. Also, a growing pharmaceutical market will command a need for specialized warehousing solutions. A trend for smaller storage spaces is also on the horizon, driven by high real estate costs and the needs of SMEs and cramped city dwellers. The push towards sustainability will also be a significant influence as warehouses look to integrate green practices to stand out in the market. This green transition might be initially costly, but in the long term, this shift will provide cost savings and a boosted public image, lifting the industry's overall prospects. Through the end of 2029, industry revenue will expand at a CAGR of 2.9% to reach $41.4 billion.

Graph and download economic data for Gross Domestic Product: Manufacturing (31-33) in the Great Lakes BEA Region (GLAKMANNQGSP) from Q1 2005 to Q1 2025 about Great Lakes BEA Region, GSP, private industries, private, manufacturing, industry, GDP, and USA.

Software publishing companies such as Microsoft and Oracle have become some of the world's most influential entities, primarily because of their omnipresence in the devices people use on an hourly basis. Over the past 20 years, industry revenue has more than tripled, untouched by the Great Recession and boosted by the pandemic. During the current period, the industry has continuously introduced new solutions and has enhanced existing products, leading to revenue climbing at a CAGR of 4.9% to $541.3 billion in 2025, with an increase of 2.9% in 2025 alone, while profit in the current year accounts for 28.3% of industry revenue. The industry's current trajectory has benefited from new operating system technologies. Productivity software has transitioned to cloud-based models, allowing seamless access across devices in various markets. Subscription-based services drive revenue as they provide recurring income for many companies. However, as updates and repairs are deployed through the cloud, these services have stressed profit levels for many companies and support services have become more complex. Meanwhile, advancements in artificial intelligence are revolutionizing software usability and cost efficiency. As AI continues to be adopted, the acquisition activity within the industry remains high as leading tech firms eye opportunities to gain an edge in the highly competitive software market. Moving forward, Cloud computing and SaaS models will continue to drive industry revenue. However, companies that expand their integration capabilities will become more competitive as clients increasingly demand more flexible solutions. Continued advancements in AI will significantly affect innovation within the industry, impacting both development approaches and user experiences. Meanwhile, as cyber threats evolve, industry publishers will invest heavily in new solutions to protect sensitive data and maintain their reputations as reliable providers. Though demand may not reach pandemic-era levels, industry revenue growth is still expected to expand at a CAGR of 2.7% to $618.8 in 2030.

Web design service companies have experienced significant growth over the past few years, driven by the expanding use of the Internet. As online operations have become more widespread, businesses and consumers have increasingly recognized the importance of maintaining an online presence, leading to robust demand for web design services and boosting the industry’s profit. The rise in broadband connections and online business activities further spotlight this trend, making web design a vital component of modern commerce and communication. This solid foundation suggests the industry has been thriving despite facing some economic turbulence related to global events and shifting financial climates. Over the past few years, web design companies have navigated a dynamic landscape marked by both opportunities and challenges. Strong economic conditions have typically favored the industry, with rising disposable incomes and low unemployment rates encouraging both consumers and businesses to invest in professional web design. Despite this, the sector also faced hurdles such as high inflation, which made cost increases necessary and pushed some customers towards cheaper substitutes such as website templates and in-house production, causing a slump in revenue in 2022. Despite these obstacles, the industry has demonstrated resilience against rising interest rates and economic uncertainties by focusing on enhancing user experience and accessibility. Overall, revenue for web design service companies is anticipated to rise at a CAGR of 2.2% during the current period, reaching $43.5 billion in 2024. This includes a 2.2% jump in revenue in that year. Looking ahead, web design companies will continue to do well, as the strong performance of the US economy will likely support ongoing demand for web design services, bolstered by higher consumer spending and increased corporate profit. On top of this, government investment, especially at the state and local levels, will provide further revenue streams as public agencies seek to upgrade their web presence. Innovation remains key, with a particular emphasis on designing for mobile devices as more activities shift to on-the-go platforms. Companies that can effectively adapt to these trends and invest in new technologies will likely capture a significant market share, fostering an environment where entry remains feasible yet competitive. Overall, revenue for web design service providers is forecast to swell at a CAGR of 1.9% during the outlook period, reaching $47.7 billion in 2029.

Snapshot img

Additive Manufacturing Market Size 2025-2029

The additive manufacturing market size is forecast to increase by USD 46.76 billion at a CAGR of 23.9% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the high demand in the medical device sector for customized and complex components. This trend is further fueled by increasing consumer interest in personalized, 3D-printed products across various industries. However, the market growth is not without challenges. The high initial cost of setting up additive manufacturing facilities remains a significant barrier for entry, limiting the number of players and potentially hindering market penetration. Moreover, the technology's limited material options and the need for specialized expertise pose additional challenges.
To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on collaborations, strategic partnerships, and continuous innovation to reduce costs, expand material offerings, and improve production efficiency. By staying abreast of the latest industry developments and trends, businesses can position themselves to succeed in this dynamic and evolving market.

What will be the Size of the Additive Manufacturing Market during the forecast period?

Request Free Sample

The market continues to experience significant growth and innovation, driven by the increasing adoption of industrial 3d printing technologies in various industries. The market's size is projected to expand at a robust rate, with the automotive and industrial segments leading the charge. Technologies such as fuse deposition modeling, stereolithography, and selective laser sintering are gaining popularity due to their ability to produce complex geometries and reduce production expenses. The market is also witnessing increased regulatory scrutiny, leading to the development of certification standards and quality assurance protocols. The integration of advanced scanning software and design software capabilities is enabling more precise and efficient manufacturing processes.
Mergers & acquisitions and collaboration agreements are common as companies seek to expand their offerings and enhance their competitive positions. Despite the advancements, challenges remain, including the need for installation services, addressing the skills gap, and ensuring compatibility with traditional manufacturing methods. Desktop additive manufacturing and desktop 3d printers are also gaining traction for prototyping and educational purposes. The market's future direction lies in the continued development of more advanced technologies, improved design software, and the expansion of applications beyond prototyping to production. The shift from subtractive manufacturing methods to additive manufacturing is transforming industries, offering new opportunities for innovation and cost savings.
The market's dynamics are shaped by ongoing technological advancements, regulatory developments, and industry 4.0 trends.

How is this Additive Manufacturing Industry segmented?

The additive manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Hardware
  Software
  Services


End-user

  Automotive
  Aerospace
  Industrial
  Healthcare
  Defense
  Consumer Goods
  Education/Research
  Others


Material

  Plastics
  Metals
  Ceramics
  Others


Technology

  Stereolithography
  Polyjet printing
  Binder jetting
  Laser sintering
  Fused Deposition Modeling (FDM)
  Direct Metal Laser Sintering (DMLS)
  Electron Beam Melting (EBM)
  Directed Energy Deposition (DED)
  Others
  Binder jetting


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Spain
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

    UAE


  Rest of World

By Component Insights

The hardware segment is estimated to witness significant growth during the forecast period.

Additive manufacturing, also known as 3D printing, is revolutionizing industrial production by enabling the creation of complex parts layer-by-layer. The market for this technology is in a high-growth stage, driven by the increasing adoption in industries such as aerospace, automotive, healthcare, and manufacturing. Industrial 3D printers, which use technologies like Fused Deposition Modeling (FDM), Stereolithography, Selective Laser Sintering (SLS), and Digital Light Processing (DLP), are at the heart of this process. These printers offer advantages such as enhanced material usage, functional parts precision, and reduced production expenses. The dental industry and education sector are witnessing significant growth in the utiliz

The US major label music production industry has experienced a dramatic reshaping over the past decade, driven by a technological revolution, changing consumer habits and the resurgence of old formats. While streaming remains the industry's dominant revenue engine, recent slowdowns in subscription growth and a renewed interest in physical formats like vinyl have begun to rebalance the sector’s revenue streams. The so-called "Big Three"—Universal Music Group, Warner Music Group and Sony Music Entertainment—continue to command over three-quarters of the market, leveraging sprawling catalogs and global reach to maintain profitability despite mounting competition from independent artists and nimble digital distributors. Labels had to adapt their business models to generate revenue from streaming, which typically yields lower profit per stream than traditional album sales but makes up for this by mitigating many of the costs associated with physical releases. Because of this offset, industry-wide revenue has been climbing at a CAGR of 4.7% over the past five years and is expected to total $13.7 billion in 2025, when revenue will mount by an estimated 2.0%. Platforms like Spotify and Apple Music enable listeners to enjoy an entire music library, a resonating offer in the digital media age. While this landscape has made finding an audience for a rising artist easier, labels must rely on a much larger volume of consumers to generate revenue through streams. The industry's fortunes have been underpinned by unprecedented growth in streaming, particularly paid subscriptions, which recently topped 100 million in the US alone. This surge, paired with rising disposable incomes and growing consumer appetite for music experiences, has bolstered overall revenue. While barriers to entry have lowered, industry consolidation has simultaneously accelerated, with the Big Three snapping up successful independent labels and rights businesses to diversify their offerings and cement control over both creative and business landscapes. Ultimately, an intensely competitive environment pressures profit. Both demand for and access to music are now more widespread than ever. This drastic shift in music consumption has demanded a response from the largest record labels, who have replied by redrafting contracts and investing more in performances and merchandising. Major labels will double down on acquisitions of independent producers and distribution firms while nurturing artists who can command global audiences through social media and direct-to-fan channels. Overall, revenue is forecast to climb at a CAGR of 2.3% to $15.4 billion through the end of 2030.

In 2024, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U.S. at 21.2 percent. The construction industry contributed around four percent of GDP in the same year.

Graph and download economic data for Gross Domestic Product: Air Transportation (481) in the Great Lakes BEA Region (GLAKAIRTRANNGSP) from 1997 to 2023 about Great Lakes BEA Region, air travel, travel, warehousing, transportation, GSP, private industries, private, industry, GDP, and USA.

The U.S. manufacturing industry continues to shine amid favorable growth forecasts. U.S. steel production keeps climbing, and current demand is through the roof. MNI's latest data on U.S. steel coincide with these statistics as the industry anticipates further growth.

Graph and download economic data for Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in the Great Lakes BEA Region (GLAKPUBINDRGSP) from 1997 to 2023 about Great Lakes BEA Region, software, printing, information, GSP, private industries, private, real, industry, GDP, and USA.

Over the five years to 2024, online home furnishing sales have experienced considerable growth, driven by pivotal trends and market dynamics. The rapid acceleration of online shopping, particularly triggered by the COVID-19 pandemic, led to a notable surge in online sales as consumers focused on enhancing their living spaces during lockdowns. With physical retail locations operating at limited capacities or closed entirely, demand for home furnishings through digital channels increased significantly. Generational shifts have also played a crucial role, with Millennials and Gen Z driving sales due to their comfort with digital platforms and preference for convenience and customization. Intensifying competition has pushed retailers to innovate with unique product offerings, superior customer service and eco-friendly practices, contributing to industry revenue growing at a CAGR of 9.4% reaching $15.5 billion over the five years to 2024, including an anticipated 0.6% bump in the final year. In this period of expansion, profitability faces substantial challenges due to rising competition. The influx of new entrants, both startups and traditional retailers pivoting to digital, has heightened competitive pressure, leading to price-based strategies that may compress profit. To maintain profitability, online home furnishing retailers emphasize differentiation strategies, such as personalized product offerings and sustainability initiatives. These strategies address evolving consumer preferences and enable companies to stand out in a densely populated market. Achieving operational efficiencies and maintaining stringent cost management will be key for companies to sustain profit levels amid these competitive dynamics. Looking ahead to the five years to 2029, online home furnishing sales are expected to sustain growth, though at a moderated pace. The convenience and diverse offerings of online shopping will continue to drive revenue opportunities, enticing both new and established players. However, this growth will further exacerbate competitive pressures, necessitating ongoing innovation and adaptation to evolving consumer expectations. Trends in personalization and sustainability present distinct opportunities for differentiation, allowing companies to leverage these shifts in consumer priorities. Despite the challenges, industry revenue is projected to grow at a CAGR of 6.2%, reaching $20.9 billion over the five years to 2029, as businesses strategically position themselves to capture and expand market share in a dynamic landscape.

United States GDPS: 2017p: WI: Private Industries data was reported at 320.133 USD bn in Dec 2024. This records an increase from the previous number of 319.480 USD bn for Sep 2024. United States GDPS: 2017p: WI: Private Industries data is updated quarterly, averaging 276.372 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 320.133 USD bn in Dec 2024 and a record low of 237.302 USD bn in Mar 2009. United States GDPS: 2017p: WI: Private Industries data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A073: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.