Uploaded on Oct 12, 2020
Automotive 3d Printing Market
Automotive 3d Printing Market
Summary
Global Automotive 3d Printing Market Information Report, By Technology (Stereolithography (SLA),
Laser Sintering, Electron Beam Melting, Laminated Object Manufacturing and Others), By Material
(Metal, Alloys and Others), By Application (Prototyping and Tooling, Manufacturing, R&D Activities
and Others), By Region - Forecast To 2023
Overview
Recent advances in additive manufacturing or 3D printing has opened new possibilities for the
automotive industry. Market Research Future (MRFR) has recently published an in-depth report on
the global 3D printing in the automotive market, compiling all the key trends and patterns that can
affect the market growth over the forecast period of 2017-2023. MRFR's study has projected a CAGR
of 26.2% during 2017-2023.
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The mounting focus of automotive OEMs on weight reduction of components has led to the use of
advanced engineering materials and 3D printing to reduce weight and improve performance.
Additionally, 3D printing aids in cost reduction, production time reduction, reduction of material
wastage. Rigorous R&D activities initiated by major automakers are also fostering the growth of the
market. Most automakers have demonstrated heightened inclination towards the technology and are
incorporating 3D printing capabilities to their production facilities due to which the technology has
gained unprecedented industry adoption.
Competitive Landscape
Autodesk, 3D Systems, Inc., Ponoko Ltd., Local Motors, Arcam AB, Voxeljet AG, Stratasys Ltd., Exone,
EnvisionTEC, Inc., and Optomec, Inc. are the notable players in the global Automotive 3d Printing
Market.
Industry Updates
June 2019 - The IDAM project has been initiated by a various participant consisting of research
institutions, large companies, as well as SMEs to turn metallic 3D printing into an industrialized and
highly automated series process for the automotive sector. In this project, the partners are laying an
important cornerstone to strengthen Germany's position as a technology pioneer and establish the
country as a manufacturing spot.
June 2019 - Ford, an American multinational automaker, has added 3D printing capabilities to its
Chicago Assembly and Stamping plants in an effort to modernize it. An investment of USD 1 Bn has
been made on the same, which also includes the addition of around 600 new robots and host of other
new technologies.
Segmentation
The global Automotive 3d Printing Market has been segmented based on technology, material, and
application.
By technology, the Automotive 3d Printing Market has been segmented into stereolithography (SLA),
laser sintering, electron beam melting, laminated object manufacturing, and others. The
stereolithography (SLA) segment is the largest segment.
By material, the Automotive 3d Printing Market has been segmented into metal, alloys, and others.
By application, the Automotive 3d Printing Market has been segmented into prototyping and tooling,
manufacturing, research and development activities, and others.
Regional Analysis
Region-wise, the Automotive 3d Printing Market has been segmented into North America, Rest-of-
the-World (RoW), Europe, and Asia Pacific (APAC).
Europe accounts for the bulkiest share of the global Automotive 3d Printing Market. The clustering of
major automakers in the region who are showing increased affinity towards 3D printing technology
has favored the market considerably.
The markets in North America and APAC are showcasing considerable growth. Factors such as rapid
technology progress and brisk development of the automotive industry are motivating growth within
the market. Moreover, APAC is has transformed itself into a major manufacturing hub which generates
demand for 3D printing since most automakers in the region are progressively adopting the
technology for enhancing performance.
Access Full Report @ https://www.marketresearchfuture.com/reports/3d-printing-automotive-
market-4207
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries
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players for global, regional, and country level market segments, enable our clients to see more, know more, and do
more, which help to answer all their most important questions.
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