Global Automotive 3D Printing Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Automotive 3D printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automotive 3D printing market growth, size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global automotive 3D printing market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 20.7% during 2023-2028.
Automotive 3D printing, also known as additive manufacturing, refers to the procedure of creating three-dimensional components by depositing material layer by layer by following a digital design. It comprises fused deposition modeling (FDM), stereolithography (SLA), selective laser sintering (SLS), and direct metal laser sintering (DMLS). It is carried out by automotive engineers and designers with the help of computer-aided design (CAD) software to create 3D models and then convert them into printable files. It is conducted by using a wide variety of materials, including plastics, metals, ceramics, and composites. It reduces the need for expensive molds and tooling, leading to cost savings during both prototyping and production. It helps with rapid prototyping and on-demand production, which significantly reduces lead times, allowing automakers to bring new designs to market faster. It also enables vehicle manufacturers to personalize automobiles according to client preferences, driving customer satisfaction and brand loyalty. It is crucial for the on-demand production of spare parts, which reduces the need for extensive warehousing and inventory management.
Global Automotive 3D Printing Market Trends and Drivers:
At present, the increasing demand for automotive 3D printing to manufacture lightweight and fuel-efficient vehicular parts represents one of the crucial factors impelling the growth of the market. Besides this, the rising adoption of additive manufacturing technologies in the automotive sector to produce complex and lightweight components, such as engine parts, chassis components, and interior elements, is contributing to the growth of the market. In addition, the growing utilization of automotive 3D printing to minimize material waste in the production process of vehicular parts is offering a favorable market outlook. Apart from this, the increasing demand for specialized components used in electric vehicles (EVs) that are not readily available through traditional manufacturing methods is supporting the growth of the market. Additionally, the rising employment of 3D printing for creating customized sensor housings and mounting solutions for autonomous vehicles is propelling the growth of the market. Moreover, the increasing popularity of automotive 3D printing for customizing dashboard designs, personalizing steering wheels, and creating unique interior lighting for automobiles is bolstering the growth of the market.
Global Automotive 3D Printing Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 3D Systems Inc., 3DGence, Autodesk Inc., Desktop Metal Inc., EOS GmbH, Formlabs Inc., Höganäs AB, Materialise NV, SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV and voxeljet AG
The report segmented the market on the basis of region, component type, technology type, material type and application.
Breakup by Component Type:
- Hardware
- Software
- Service
Breakup by Technology Type:
- Selective Laser Sintering (SLS)
- Stereo Lithography (SLA)
- Digital Light Processing (DLP)
- Electronic Beam Melting (EBM)
- Selective Laser Melting (SLM)
- Fused Deposition Modeling (FDM)
Breakup by Material Type:
- Metal
- Polymer
- Ceramic
Breakup by Application:
- Production
- Innovation and R&D
- Prototyping
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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