Automotive 3D Printing Market

Automotive 3D Printing Market is predicted to grow at a 21.7% CAGR during the forecast period due to the reduction in an overall time of rapid prototyping of automotive parts.

Introduction of the Automotive 3D Printing Market Report

3D printing allows the manufacturers to build the models using various printing materials. The automotive industry uses these technologies to lower the turnaround time, lower manufacturing costs, reduce material wastage, and increase the production rate. 3D printing is not only providing aesthetic design to the automobile, but it also delivers a working prototype in a record turnaround time.

To have an edge over the competition by knowing the market dynamics and current trends of “Automotive 3D Printing Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global automotive 3D printing market include reduction in an overall time of rapid prototyping of automotive parts and is being widely used by the industry as this helps in negligible carbon footprints and minimal wastage has boosted the growth of this segment.
Moreover, the rise in advancement and technology in FDM technology, techniques, and materials employed in additive manufacturing makes it compatible with 3D print parts with materials such as carbon fiber reinforced plastics and carbon fiber, making the process more vital to the automakers. For instance, in 2019, Ford Motor Company has employed 3D printers to produce prototypes of silica powder, resin, sand, and even metal to manufacture its vehicle components. Additionally, the utilization of 3D printing at initial stages of production is beneficial as it helps designers to identify the errors or defects in the built, thereby it is reducing the production time and operational cost. Key players are also focusing on mergers and partnerships and investing in R&D that will further boost the growth of this market. For instance, in Oct 2021, Stratasys acquired Xaar 3D and partnered with nFrontier with an aim to take a leap into the future of impact-driven innovation in Additive Manufacturing.

Restraint in the Automotive 3D Printing Market

However, the cost of printing is high which is hampering the market growth. Moreover, lack of skilled labourers has also restrained the growth of this market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Technology Type – Segment Analysis

Based on the Technology Type, stereolithography is expected to grow at a higher CAGR rate in the global automotive 3D printing market during the forecast period. This technology uses various type of materials and produce high-resolution three-dimensional objects with greater speed, precision, and superior technique. Parts made with stereolithography such as car interior, car body etc have good functional surface quality and smooth finish. Thus, this factor has boosted the growth of this segment.

Material Type – Segment Analysis

Based on the Material Type, polymer material is projected to grow at a higher CAGR rate in the global automotive 3D printing market during the forecast period due to its flexibility & strength, its lightweight nature and low cost of the material. Thus, this factor has boosted the growth of this market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the global automotive 3D printing market due to the rising adoption of this technology and increase in the investment on research and development in this region has boosted the growth of this market. Additionally, General Motors use 3D printing to its mid-engine Chevrolet Corvette its 75% parts are 3D printed. Moreover, the presence of leading players in this region such as ExOne, 3D Systems, Stratasys etc, will further propel the growth of this market.

Top Market Players

Various notable players operating in the market, include, 3d Systems, Inc., General Electric, Autodesk Inc., Envisiontec,Inc., Hoganas AB, Optomec, Inc, Ponoko Inc, Stratasys Ltd., ExOne., Voxeljet AG, among others.

Key Developments:

• • In June 2021, Volkswagen is pressing ahead with the use of innovation 3D printers in car production. The newest process which is known as binder jetting. It will be used in main plant in Germany.
  • In Dec 2020, GM announced the opening of the new 15,000-square-foot Additive Industrialization Center at the Warren Tech Center in suburban Detroit. This is dedicated toward pushing 3D printing in the automotive industry.

Segments covered in the Report:

The global Automotive 3D Printing Market has been segmented on the basis of Technology Type, Material Type, Application and regions. Based on Technology Type, the market is segmented into Electron beam melting, Fused deposition modelling, Laminated object manufacturing, Selective laser sintering, Stereolithography and Others. Based on Material Type, the market is segmented into Metals & alloys, Polymers and Others. Based on Application, the market is segmented into R&D and innovation, Manufacturing complex products and Prototyping & tooling.

For detailed scope of the “Automotive 3D Printing Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Automotive 3D Printing Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Automotive 3D Printing Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Automotive 3D Printing Market?
  • Which Technology Type generated maximum revenues in 2020 and identify the most promising Technology Type during the forecast period?
  • What is the various Material Type of global Automotive 3D Printing Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Automotive 3D Printing Market by Technology Type

• • Electron beam melting
  • Fused deposition modelling
  • Laminated object manufacturing
  • Selective laser sintering
  • Stereolithography
  • Others

Global Automotive 3D Printing Market by Material Type

• • Metals & alloys
  • Polymers
  • Others

Global Automotive 3D Printing Market by Application

• • R&D and innovation
  • Manufacturing complex products
  • Prototyping & tooling

Global Automotive 3D Printing Market by Region

• • North America Automotive 3D Printing Market (Option 1: As a part of the free 25% customization)
    • North America Automotive 3D Printing Market by Technology Type
    • North America Automotive 3D Printing Market by Material Type
    • North America Automotive 3D Printing Market by Application
    • US Automotive 3D Printing Market All-Up
    • Canada Automotive 3D Printing Market All-Up
  • Europe Automotive 3D Printing Market (Option 2: As a part of the free 25% customization)
    • Europe Automotive 3D Printing Market by Technology Type
    • Europe Automotive 3D Printing Market by Material Type
    • Europe Automotive 3D Printing Market by Application
    • UK Automotive 3D Printing Market All-Up
    • Germany Automotive 3D Printing Market All-Up
    • France Automotive 3D Printing Market All-Up
    • Spain Automotive 3D Printing Market All-Up
    • Rest of Europe Automotive 3D Printing Market All-Up
  • Asia-Pacific Automotive 3D Printing Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Automotive 3D Printing Market by Technology Type
    • Asia-Pacific Automotive 3D Printing Market by Material Type
    • Asia-Pacific Automotive 3D Printing Market by Application
    • China Automotive 3D Printing Market All-Up
    • India Automotive 3D Printing Market All-Up
    • Japan Automotive 3D Printing Market All-Up
    • Rest of APAC Automotive 3D Printing Market All-Up
  • RoW Automotive 3D Printing Market (Option 4: As a part of the free 25% customization)
    • RoW Automotive 3D Printing Market by Technology Type
    • RoW Automotive 3D Printing Market by Material Type
    • RoW Automotive 3D Printing Market by Application
    • Brazil Automotive 3D Printing Market All-Up
    • South Africa Automotive 3D Printing Market All-Up
    • Saudi Arabia Automotive 3D Printing Market All-Up
    • UAE Automotive 3D Printing Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automotive 3D Printing Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3D Systems, Inc.
  • General Electric
  • Autodesk Inc.
  • Envisiontec,Inc.
  • Hoganas AB
  • Optomec, Inc
  • Ponoko Inc
  • Stratasys Ltd.
  • ExOne.
  • Voxeljet AG