Automotive 3D Printing Market by Component (Technology (Material Extrusion, Powder Bed Fusion, Vat Photopolymerization, Material Jetting, Direct Energy Deposition, Binder Jetting), Material (Polymers, Metal, Others), and Services), Application (Prototyping, Tooling, Jigs & Fixtures, End-Use Parts, Others), Propulsion (ICE Vehicles, Electric Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2030
3D printing process comprises manufacturing of part or object, layer by layer from a computer aided design (CAD) model. Automotive 3D printing is based on additive manufacturing process, involving layer-by-layer deposition of materials. Different types of materials such as polymers, metals, and ceramics are utilized in 3D printing process. The ease of printing complex parts with high degree of precision drives the adoption of 3D printing in the automotive industry.
The utilization of materials such as polymers and metals is done in an efficient manner with no excess material wastage. 3D printing is utilized to produce smaller and more complex products. With the emergence of electric vehicle, the demand for lighter, stronger, smaller, and more complex automotive parts has been rising. 3D printing technologies are capable of fulfilling such demand with reduction in production time and cost.
Growth in need to reduce vehicle weight, increase in use of 3D printing for quick prototyping & development of complex parts, and greater demand for customized automotive parts are the factors that drive the growth of the market. However, high initial cost and lack of expertise & skilled labors are factors that hamper the growth of the market. Increased investments on R&D and technological advancements are expected to accelerate the growth of this market.
The report segments the automotive 3D printing market on the basis of component, application, propulsion, and region. The component segment provides insights into technology, material, and services. The technology segment is further divided into material extrusion, powder bed fusion, vat photopolymerization, material jetting, direct energy deposition, and binder jetting. The material segment is further categorized into polymers, metals, and others. The application segment included in the report covers prototyping, tooling, jigs & fixtures, end-use parts, and others. The propulsion segment has been divided into ICE vehicles, electric vehicles. Moreover, it summarizes the details about revenue generated across regions such as North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This study presents the analytical depiction of the global automotive 3D printing market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall automotive 3D printing market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities ofthe global automotive 3D printing market with a detailed impact analysis.
The current automotive 3D printing market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Component
Technology
Material Extrusion
Powder Bed Fusion
Vat Photopolymerization
Material Jetting
Direct Energy Deposition
Binder Jetting
Material
Polymers
Metals
Others
Services
By Application
Prototyping
Tooling, Jigs & Fixtures
End-Use Parts
Others
By Propulsion
ICE Vehicles
Electrical Vehicles
By Region
North America
Europe
Asia-Pacific
LAMEA
KEY PLAYERS
3D Systems Corporation
Autodesk, Inc.
Desktop Metal, Inc.
EOS GmbH
General Electric Company
Hoganas AB
Materialise NV
Stratasys, Ltd.
Ultimaker BV
Voxeljet AG
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