Global Automotive 3D Printing Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

MarketResearch.biz delivers in-depth insights on the global automotive 3D printing market in its upcoming report titled, “Global Automotive 3D Printing Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global automotive 3D printing market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive 3D printing market report has been segmented on the basis of component, application, and region.

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3D printing is a process of producing three dimensional solid objects from a digital file. In an additive process an object is created by laying down successive layers of material until the object is created. Each of these layers can be seen as a thinly sliced horizontal cross-section of the eventual object.

Technological advancements in printing technology and rapid evolution in automotive sector is increasing demand for 3D printers for research and development purpose is a major factor driving growth of the global automotive 3D printing market. In addition, increasing vehicle production across the globe and growing need to reduce production time and operational cost are other factors expected to support growth of the global automotive 3D printing market. Moreover, increasing use of 3D printing to make complex automotive parts is expected to further boost the growth of the market over the forecast period.

However, high printing cost is a major factor restraining growth of the global automotive 3D printing market. In addition, high software cost, lack of skilled labor, and lack of technical assistance are other factors expected to challenge growth of the global automotive 3D printing market to certain extent.

Increasing R&D activities by manufacturers and technological advancements such as development of low cost inkjet 3D printers for automobile is expected to create new opportunities in terms of revenue to players operating in the global automotive 3D printing market over the forecast period.

North America market is expected to dominate in the global automotive 3D printing market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing adoption of 3D printing technology in automotive sector, and presence of prominent players operating in countries in this region. Europe and Asia Pacific markets account for significant revenue share in the global automotive 3D printing market followed by markets in Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth in terms of revenue, owing to increasing investment in R&D activities by major players operating in countries such as China and Japan in this region.

Global Automotive 3D printing Market Segmentation:

By Component:

• Technology
  • Stereolithography
  • SLS
  • EBM
  • FDM
  • LOM
  • Others
• Material
  • Polymers
  • Metals & Alloys
  • Others
• Services

By Application:

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

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa