3D printing, also known as additive manufacturing, is the process of producing three dimensional objects from a digital file using a printing machine. This process involves laying down successive layers of material until the entire object is built. 3D printing is being adopted across industries such as automotive, defense, and aerospace. The increasing adoption of 3D printing is attributed to its various advantages, which include innovative designing, high adaptability levels, less time to market, and the ability to manufacture parts without expensive tooling.
Scope of the Report:This report studies the 3D Printing in Automotive market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the 3D Printing in Automotive market by product type and applications/end industries.
One of the main drivers of 3D printing in the automotive market is supply chain optimization. 3D printing dramatically improves market responsiveness of automobile companies to changing customer tastes and preferences. It enables them to produce multiple product variations with very little cost increase. It substantially reduces scrap, material usage and helps manufacturers reduce their carbon footprint. This is absolutely critical for an industry which unfortunately creates too much of both air and noise pollution. Greater pressure put on companies by the government to go green will also spur adoption of 3D printing in the automotive market. Intense competition amongst manufacturers to create lighter, smarter and more fuel efficient vehicles will also play a major role for implementing 3D printing in the automotive market. 3D printing helps companies create customer specific automotive products, which will be key to maintaining their loyalty in the future.
The U.S. is currently the largest market for 3D printing in the automotive market due to the oversize presence of Detroit in shaping the global automobile industry in the 21stÊcentury. There is also an awareness of new technologies and an eagerness to adopt them. However, the EU and countries like China and India are expected to surpass the U.S. within the next decade because of the reduction in costs, increasing awareness of 3D printing and also a strong focus on automobile manufacturing by the respective governments. Thus, the scope for 3D printing in the automotive market seems very bright indeed.
The global 3D Printing in Automotive market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of 3D Printing in Automotive.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers 3D System
Koenigsegg
HP Development Company
Local Motors
Safran Turbomeca
Audi
Blade
Honda
Hankook Tires
Optomec
Stratasys
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Stereolithography (SLA)
Laser Sintering
Electron Beam Melting (EBM)
Fused Disposition Modeling (FDM)
Laminated Object Manufacturing (LOM)
Three Dimensional Inkjet Printing (3IDP)
Market Segment by Applications, can be divided into Prototyping and Tooling
R&D and Innovation
Manufacturing Complex Products
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
