Global Automotive 3D Printing Market Overview 2023-2028
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, is the process of fabricating automotive components and parts through the incremental layering of materials. This method utilizes a diverse range of materials, including plastics, metals, ceramics, and even composite materials, all customized to meet specific requirements and characteristics. The technology encompasses various 3D printing techniques, such as fused deposition modeling (FDM) and stereolithography (SLA). It empowers the production of intricate components that might be difficult or costly to manufacture using conventional approaches. It grants designers unparalleled creative freedom, allowing for the creation of intricate geometries and detailed structures that would be unachievable through traditional means.
Global Automotive 3D Printing Market Trends and Drivers:
Currently, the market is experiencing substantial growth driven by several key factors. One significant factor is the increasing adoption of automotive 3D printing for producing lightweight and customizable components. Additionally, the market is benefitting from the growing use of recyclable and sustainable materials in automotive part manufacturing. The rising popularity of electric vehicles (EVs), which reduce reliance on fossil fuels and cut down harmful emissions, is contributing positively to market expansion. Moreover, there is a heightened focus on improving vehicle fuel efficiency, further propelling market growth. The increasing demand for personal vehicles as a means of comfortable commuting and an alternative to public transportation is also a key driver of market expansion.
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:
- Hardware
- Software
- Service
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:
- Metal
- Polymer
- Ceramic
Breakup by Application:
- Production
- Innovation and R&D
- Prototyping
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- 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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