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.
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.
Automotive 3D Printing Market Trends:
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 Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive 3D printing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis
||Component Type, Technology Type, Material Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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
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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?