DUBLIN--(BUSINESS WIRE)--The "Automotive 3D Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global automotive 3D printing market reached a value of US$ 2.13 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 7.39 Billion by 2027, exhibiting a CAGR of 23.04% during 2021-2027.
Companies Mentioned
- 3D Systems Inc.
- 3DGence
- Autodesk Inc.
- Desktop Metal Inc.
- EOS GmbH
- Formlabs Inc.
- Hoganas AB
- Materialise NV
- SLM Solutions Group AG
- Stratasys Ltd.
- Ultimaker BV
- voxeljet AG
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Three-dimensional (3D) printing refers to automated additive manufacturing technology that assists in creating rapid prototypes for fabricating layer-by-layer materials to design patterns, physical models, and tooling components. It aids in creating various lightweight intricate geometric pieces, including internal channels and wire mesh, reducing prototyping cost and manufacturing complex parts, while ensuring minimal wastage of materials.
On account of these properties, 3D printing is extensively used in the automotive sector to enable automobile designers to validate prototypes, conceptualize, design and customize vehicle parts in a shorter period. At present, it is commercially available in metal, polymer and ceramics material types.
The significant expansion in the automotive sector, along with the increasing demand for lightweight materials to enhance fuel efficiency in automobiles is primarily driving the market growth. Automotive 3D printing solution is widely adopted in the sector for manufacturing various complex parts of vehicles, while reducing lead time, which represents a key factor primarily driving the market growth.
This can be attributed to the various advantages, such as reduced capital investments and high performance, associated with the deployment of automotive 3D printing systems. In line with this, the introduction of fused deposition modelling (FDM) solutions for manufacturing prototypes and concept model parts is acting as another major growth-inducing factor.
The computer-aided system assists in deriving inputs from the processing unit, which further commands the model to start printing materials that are usually made from high-performance thermoplastics. Other factors, such as the emerging trend of customized automotive parts and extensive strategic collaborations amongst key players and original equipment manufacturers (OEMs) for introducing innovative automotive 3D printing systems to meet the evolving consumer needs, are creating a positive outlook for the market.
Key Questions Answered in This Report:
- How has the global automotive 3D printing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global automotive 3D printing market?
- What are the key regional markets?
- What is the breakup of the market based on the component type?
- What is the breakup of the market based on the technology type?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automotive 3D printing market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive 3D Printing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component Type
7 Market Breakup by Technology Type
8 Market Breakup by Material Type
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/dugp0y
