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Automotive 3D Printing Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Automotive engineering prototypes involve complex mechanical geometric blueprints widely used in the manufacturing process of various automotive parts. Advanced 3D printing technology utilizes precision based high-resolution design tools reducing th
Automotive 3D Printing Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
Automotive engineering prototypes involve complex mechanical geometric
blueprints widely used in the manufacturing process of various automotive parts.
Advanced 3D printing technology utilizes precision based high-resolution design tools
reducing the human errors, cost, time and customization efforts as compared to
traditional ways. Layer by layer depositing of raw material using 3D printing
facilitates substantial material wastage reduction. Thus this additive manufacturing
application is pioneering novel footprints in the automotive industry which is
inducing mammoth growth in the automotive 3D printing market. The
commercialised use of 3D printing minimized time to market right from concept
designing to near expiry repairs irrespective of material like metal, alloy, polymers
and resins.
The automotive 3D printing market is estimated to surmount market value of US $ 3
Billion by 2026 end, registering a massive CAGR of 26.1% from 2019 to 2026.
The major market restraints hindering the growth include:
• Lack of expertise to operate 3D printing equipment
• The significant cost involved in skill training for the current workforce
• The initial cost involved in 3D printing software subscriptions and setup
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Global Automotive 3D printing Market, by Component
• Technology
- Stereolithography
- Laminated object manufacturing
- Electron beam melting
- Selective laser sintering
- Fused deposition modelling
- Others
• Material
- Metals & Alloys
- Polymers
- Others
• Services
Stereolithography segment is widely used in 3D printing as it facilitates moulding of
photosensitive polymers into a high precision quality product. This segment is
estimated to dominate the global automotive 3D printing market for the forecast
period of 2019-2026. Selective laser sintering and fused deposition modelling
segments are soon gaining traction and are estimated to grow at an attractive CAGR
during the next few years.
Global Automotive 3D printing Market, by Application
• R&D and innovation
• Prototyping & tooling
• Manufacturing complex product
Since the 3D printing technology is yet at the nascent stage, it is widely applied for
R&D and innovation in automotive design and manufacturing. All the leading
automobile manufacturing companies are heavily investing in R&D and innovation to
suffice the customer demand for unique yet cost-effective vehicles.
Global Automotive 3D printing Market, by Region
• North America
• Latin America
• Europe
• Asia Pacific
• Rest of the World
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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 automotive 3D printing
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
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
Author
Merin John
Merin John263   documents Email
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