Automotive 3D Printing Market - Trends Forecast Till 2028
Automotive 3D Printing Market, By Technology (Stereolithography, Selective Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modelling, Laminated Object Manufacturing, Three Dimensional Inject Printing, Multiphase Jet Solidification (MJS), Digital Light Processing), Material (Nylon, Resin, Wax, Photopolymer, Metal), Usage (Belows, Complex Ducting, High Detail Visual Prototypes, Functional Mounting Brackets, Others), Application (Fluid Handling, Exterior/Exterior Trim, Manufacturing Process, Exhaust/Emissions, Frame, Body, & Doors, Wheels, Tires, & Suspensions, OEM Components, Interior & Seating, Engine Components), Distribution Channel (OEMs, Aftermarket) Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Published Date: May, 2020
Base Year Estimate: 2019
Report ID: D-AU-A3PM-07
Number of Pages: 273
Automotive 3D Printing Market – Trends Forecast Till 2028
The global automotive 3D printing market is anticipated to reach USD 1.4 billion by 2020 growing at a CAGR of 7.9% during the forecasting period, 2020-2028. Automotive 3D printing is the process of producing 3D objects from a digital file using a printing machine. Automotive 3D printing helps in performing the functional prototyping phases, design, and tooling production to parts manufacturing, the automotive industry is one of the pioneers in the use and integration of 3D printing in it. Factors such as reduction in costs and time of rapid prototyping are some of the major factors for the automotive 3D printing market.
The global automotive 3D printing market is segmented into technology, material, usage, application, distribution channel, and geography.
The technology segment is segmented into Stereolithography, Selective Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modelling, Laminated Object Manufacturing, Three Dimensional Inject Printing, Multiphase Jet Solidification (MJS), and Digital Light Processing
The material segment is segmented into Nylon, Resin, Wax, Photopolymer, and Metal
Usage segment is segmented into Belows, Complex Ducting, High Detail Visual Prototypes, Functional Mounting Brackets, and Others
Application segment is segmented into Fluid Handling, Exterior/Exterior Trim, Manufacturing Process, Exhaust/Emissions, Frame, Body, & Doors, Wheels, Tires, & Suspensions, OEM Components, Interior & Seating, and Engine Components
The distribution Channel segment is segmented into OEMs and Aftermarket.
Geographically, the global automotive 3D printing market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Europe region is the largest contributor to the augmented intelligence market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028
Key players in the global automotive 3D printing market are Autodesk, 3D Systems Corporation, Arcam AB, Stratasys INC., Voxeljet AG, Exone, Hoganas AB, Optomec Inc., Local Motors, Ponoko Ltd, Javelin Tech, Vexma, among others
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
- In 2019, GM has announced to adopt the Autodesk generative design software for the weight reduction possible through traditional design optimization techniques.
- In 2018, Hoganas AB has developed a new product venture focusing on the areas of additive manufacturing and Metal Injection Molding (MIM)
Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.
In addition to the market data for the automotive 3D printing market. Delvens offers client-centric reports and is customized according to the company’s specific demand and requirements.
This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference—to identify and collect information useful for this study of the Automotive 3D printing market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial studies of the global automotive 3D printing market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological developments.
The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the automotive 3D printing market.
Primary Respondent breakdown is given below:
Top-down and bottom approach were used to derive the market estimate and validate the total revenue of the automotive 3D printing market. This approach has also been used to derive the market for segmentation and sub-segmentation.
Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Industry/Strategic Consultants