Global Automotive 3D Printing Market, By Technology (Stereolithography (SLA), Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modeling (FDM), Laminated Object Manufacturing (LOM), Three Dimensional Inkjet printing (3IDP)), Material (Metal/Metal-Alloy, Polymer), Application (Prototyping and Tooling, Research and Development and Innovation, Manufacturing Complex Products), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Automotive 3D Printing Market
The automotive 3D printing market is expected to witness market growth at a rate of 20.72% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive 3D printing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of the automotive sector globally is escalating the growth of automotive 3D printing market.
3D printing, also called additive manufacturing, refers to the process of producing three dimensional objects from a digital file with the use of a printing machine. The process generally includes laying down of successive layers of material until the entire object is built. 3D printing is widely being adopted across industries such as automotive, defense, and aerospace, among others.
The rise in the number of research and development activities across the globe acts as one of the major factor driving the growth of the automotive 3D printing market. The investment in automotive technology, by manufacturers as they are focusing on light weight vehicles to decrease the fuel consumption and low emission, and reduction in costs and time of rapid prototyping accelerate the market growth. The surge in government investments in 3D printing-related research and development projects, and use of 3D printing during initial stages of automotive production as designers can identify errors or defects from built prototype further influence the market. Additionally, growth of the heavy engineering industry, need for minimizing emissions, and rapid urbanization positively affect the automotive 3D printing market. Furthermore, advancements in the technology extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high cost associated with the printing is expected to obstruct the market growth. The unavailability of skilled labor is projected to challenge the automotive 3D printing market in the forecast period of 2021-2028.
This automotive 3D printing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive 3D printing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive 3D Printing Market Scope and Market Size
The automotive 3D printing market is segmented on the basis of technology, material and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the automotive 3D printing market is segmented into stereolithography (SLA), laser sintering, electron beam melting (EBM), fused disposition modeling (FDM), laminated object manufacturing (LOM), and three dimensional inkjet printing (3IDP).
- On the basis of material, the automotive 3D printing market is segmented into metal/metal-alloy, and polymer.
- On the basis of application, the automotive 3D printing market is segmented into prototyping and tooling, research and development and innovation and manufacturing complex products.
Automotive 3D Printing Market Country Level Analysis
The automotive 3D printing market is analyzed and market size, volume information is provided by country, technology, material and application as referenced above.
The countries covered in the global automotive 3D printing market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive 3D printing market due to the presence of large number of OEM manufacturers within the region. Europe is expected to witness high growth during the forecast period of 2021 to 2028 because of the increase in research and development spending in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive 3D Printing Market Share Analysis
The automotive 3D printing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive 3D printing market.
The major players covered in the automotive 3D printing market report are 3D Systems, Autodesk Inc., GENERAL ELECTRIC, Stratasys Ltd., voxeljet AG, ExOne., Höganäs AB, Optomec, Inc., Local Motors, Ponoko Inc., ENVISIONTEC, INC., voxeljet AG, Materialise, Ultimaker BV, and Moog Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.