3D Printing in Automotive Market overview:
The industry for 3D printing in the automobile sector is anticipated to reach 4.89 billion USD by 2027, growing at a CAGR of 28.72% between 2022-2030. In 2020, the marketplace was approximately 1.61 billion USD.
The worldwide industry has been divided into segments according to technologies, materials, applications, and geography by market research future. The industry has been segmented based on technologies into composite object production, laser sintering, electron beam melting, stereolithography (SLA), and others. Stereolithography (SLA) technology is anticipated to dominate the industry throughout the anticipated time, according to industry research. In contrast, the market has been segmented into metals, alloys, and other materials. While prototype and tooling, production, R&D operations, and others are among the applications of 3D printing in the automobile business.
Due to several motivating elements, including the use of lightweight construction materials, rising investments, significant expenditures on study and production, and technical advancements, 3D printing has recently gained favor with automakers. These motivating elements are causing a boom in desire and a quick expansion of the worldwide industry. Additionally, several 3D-printed automobiles have been developed by companies including Regional Motors, Honda, and others, and those vehicles have attracted considerable interest in the international industry. These sorts of actions in the automobile sector increase selling price.
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The automobile sector is becoming stronger globally as a result of increased R&D activity and advancements. Many automakers are putting a lot of money into automobile technology and concentrating on making lighter, more fuel-efficient automobiles with fewer emissions. The worldwide automobile business is paying close notice to the fast rise of 3D printing in the car business sector between all R&D endeavors.
To obtain a better understanding of the economy and sector achievement, market research future’s report on the global 3D printing in the automotive market involves comprehensive survey data as well as a rigorous examination of both quantifiable and subjective elements by a wide range of specialists and leading experts. The study provides a thorough overview of the present state of the industry, including historical and forecast market size in terms of value and volume, technological development, macroeconomic factors, and market-governing variables. The research offers comprehensive data and business plans for the leading market participants. The research also provides a thorough analysis of the various categories of the industry and geographical areas.
3D Printing in Automotive Market segmentation:
This market is segmented into three major groups that are technology, based on material, and based on application.
Based on the technology this market is subdivided into stereolithography, electron beam melting, laser sintering, laminated object manufacturing, and others. Based on the material it is divided into metal, alloys, and others. Based on the application this is divided into prototyping and tooling, R& D activities, manufacturing, and others.
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3D Printing in Automotive Market Regional Classification:
Key geographic divisions of the industry are North America, Asia-Pacific, Europe, and the Rest of the World. Regarding income, Europe has emerged as the top area among these. The European market has benefited from highly developed technology breakthroughs, a trained Labouré base, and significant automobile investment. North America and Asia-Pacific, on the other hand, are the second and third most important areas.
3D Printing in Automotive Industry news:
The major player in this market is Autodesk, Arcam AB, Envision TEC Inc, and Exone.
Key Players
- Autodesk
- 3D Systems Inc
- Stratasys Ltd
- Arcam AB
- EnvisionTEC Inc
- Exone
- Voxeljet AG
- Local Motors
- Ponoko Ltd
- Optomec
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