Global Automotive 3D Printing Market - Growth, Trends, and Forecast (2018 - 2023)

The global automotive 3D printing market is expected to register a CAGR of about25%, during the forecast period, 2018 to 2023. 3D printing technology is very versatile. It is often used for engineering prototypes and tools for manufacturing processes, etc. The automotive industry has incorporated 3D printing throughout all processes and functions; from the design concept to near-end-of-life repairs. The advantages of 3D printing, include innovative designing, high adaptability levels, minimal time to market, and the ability to manufacture parts without expensive tooling. 3D printers in the automotive industry is extensively used for tooling and prototyping, because it reduces the turnaround time for creating a prototype. As a result, OEMs can now print a prototype overnight at a minimal cost using 3D printing. Local Motors is one of the first manufacturers to commercialize the use of 3D printing in the automotive sector, by manufacturing chassis and body parts using giant printers. Further, Ford Motor Company employed 3D printers, to produce prototypes of resin, silica powder, sand, and metal, to manufacture its vehicle components. Johnson Controls Automotive Seating, an auto-parts manufacturer, produces commercial 3D printed metal parts with complex shapes, which are hard to produce using conventional welding methods. Some of the major advancements include 3D printing of metals, speed printing, printing welder etc.

North America to Dominate the Market Growth

North America is the largest market for automotive 3D printing, and is expected to increase its global market share, during the forecast period. The growth in the region is due to the increasing adoption of 3D printing technologies in the automotive industry.

Key Developments in the Market

• November 2017: 3D Systems unveiled a next-generation additive metal platform for high-productivity production.
• November 2017: Voxeljet has officially launched its new High Speed Sintering (HSS) technology.

Major players: VOXELJET AG, STRATASYS LTD, THE EXONE COMPANY, MATERIALISE NV, ARCAM AB, 3DSYSTEMS CORPORATION, EOS GMBH, amongst others.

Reasons to Purchase this Report

• The report analyses the impact of advancements in the 3D printing technology on the automotive industry.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• The material type that is expected to dominate the market.
• The regions that are expected to witness fastest growth during the forecast period.
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3 months analyst support, along with the Market Estimate sheet (in Excel).

Customization of the Report

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