Global Automotive 3D Printing Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Automotive 3D printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Automotive 3D printing market report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global automotive 3D printing market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 20.7% during 2023-2028.
Automotive 3D printing, also referred to as additive manufacturing, involves crafting objects and vehicle components through specialized machines that incrementally add material layer by layer, allowing for precise and tailored fabrication. This technology permits the design of intricate and personalized parts, encompassing both prototypes and final production components, utilizing a range of advanced manufacturing techniques. It expedites the prototyping process in a cost-efficient manner, thereby speeding up product development. Additionally, it enables the development of intricate, lightweight structures and integrated components, ultimately enhancing vehicle performance and fuel efficiency.
Global Automotive 3D Printing Market Trends and Drivers:
The growing focus on enhancing fuel efficiency and decreasing emissions by reducing vehicle weight stands as a major catalyst for the increased demand in 3D printing, aiming to produce robust parts that are also lightweight. Moreover, the surging sales of electric vehicles (EVs) worldwide are propelling the utilization of automotive 3D printing for crafting specialized components that optimize EV performance. In addition to this, the amalgamation of digital twin technology with 3D printing is streamlining real-time monitoring and quality control throughout the manufacturing process, leading to heightened efficiency and a reduction in errors. Furthermore, ongoing research and development (R&D) efforts in advancing 3D printing materials, encompassing high-performance polymers, metals, and composites, to widen the spectrum of automotive applications, are contributing to a promising market outlook.
Global Automotive 3D Printing Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 3D Systems Inc., 3DGence, Autodesk Inc., Desktop Metal Inc., EOS GmbH, Formlabs Inc., Höganäs AB, Materialise NV, SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV and voxeljet AG
The report segmented the market on the basis of region, component type, technology type, material type and application.
Breakup by Component Type:
Breakup by Technology Type:
- Selective Laser Sintering (SLS)
- Stereo Lithography (SLA)
- Digital Light Processing (DLP)
- Electronic Beam Melting (EBM)
- Selective Laser Melting (SLM)
- Fused Deposition Modeling (FDM)
Breakup by Material Type:
Breakup by Application:
- Innovation and R&D
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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