Automotive 3D Printing Market Introduction:

The global automotive 3D printing market is expected to value over US $ 3 Billion by 2027 end and register a CAGR of 26.1% during the forecast period, 2020 to 2027. The automotive industry is incorporating  3D printing for almost all of its processes and functions, right from designing prototypes, manufacturing, concept designing, to end-to-end repairs.  The benefits of 3D printing, involve innovative conception, high adjustability levels, minimum time taken to manufacture, and the capability to fabricate parts without high-priced tooling. With the use of 3D printing, OEMs are now in the position to print a prototype overnight and at a minimal expense, this is because 3D printers drastically reduce the time taken to create a prototype. Industry giants such as General Motors have some of the most extensive 3D printing capabilities, they operate more than 50 rapid prototyping machines, which have created over 250,000 parts in the last decade. However 3D printing now is more than just prototyping, it is about additive manufacturing – a term that describes the process in which 3D printers construct an object in layers of material – in order to produce parts that are available for immediate application. Adoption of additive manufacturing  is increasingly becoming attractive in the automotive industry owing to its capability of printing in alloys and metals, besides traditional models that work with plastic resins. Construction of customized parts, reduction in time and cost of production, decreasing human errors, and greater resolution are few of the factors fuelling the growth of the global market. Nevertheless, huge printing cost and scarcity of skilled labour are few significant factors that are limiting the growth of the market.

Stereolithography technology is foreseen to represent the most notable role since it has transformed the pace and methods of designing and constructing objects, thereby profiting different industries. 
North America, currently holds a leading position in the market share, followed by Europe and Asia-Pacific.

This market study incorporates a comprehensive scope on global market players including the developments, mergers & collaborations and new product launches.

Key Market Players are:

Autodesk, Inc., Hoganas AB, EnvisionTEC, 3D Systems Corporation, The ExOne Company, Stratasys Ltd., Arcam AB, Stratasys Ltd., Ponoko Limited, Optomec, Inc., Voxeljet AG. and others.

Automotive 3D printing Market

Automotive 3D printing Market Segmentation:
By Component

  • Technology
  • Stereolithography
  • Laminated object manufacturing
  • Electron beam melting
  • Selective laser sintering
  • Fused deposition modelling
  • Others
  • Material
  • Metals & Alloys
  • Polymers
  • Others
  • Services

By Application 

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

By Region
•    North America
•    Latin America
•    Europe
•    Asia Pacific
•    Rest of the World

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  

FutureWise Key Takeaways 
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study: 
•    To provide with an exhaustive analysis on the global market on the basis of component, application and region
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies  


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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics