Automotive 3D Printing Market

3D printing is significantly transforming the way automobiles are designed and
developed. This technology is being adopted by the automotive industry in order to
lower turnaround time, reduce material wastage, lower manufacturing costs and
increase the production rate. 3D printing not only helps to give an aesthetic design
to the automobile, but it also delivers working prototype in a record turnaround
time. 3D printing technology is useful for applications that range from
manufacturing complex automotive parts in a shorter span of time in comparison to
conventional printers to printing these parts and other accessories.
The global automotive 3D printing market is primarily being driven by reduction in
overall time of rapid prototyping of automotive parts, innovation in new printing
materials for 3D printing and increasing government investments in the research &
development project related to 3D printing. However standardization issues, high
cost and limited availability of 3D printers coupled with lack of skilled labor are the
factors that are restraining the widespread adoption of this technology in the
automotive industry.
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The global automotive 3D printing market can be segmented on the basis of
technology, material, application and region. Based on technology the global market
can be segregated into stereolithography, electron beam melting, three dimensional
inkjet printing, fused disposition modeling, laser sintering and laminated object
manufacturing. Stereolithography is expected to hold the dominant share of the
global market throughout the forecast period, owing to the superior techniques and
enhanced speed offered by this technology to design and manufacture automotive
parts. However, laser sintering and fused disposition modeling are also expected to
gain popularity in the coming years. By material, the market can be trifurcated into
metal & alloy, polymer and others. The most preferred material for 3D printing is
polymer because of its strength and flexibility. However, the demand for metals for
automotive 3D printing is expected to gain traction in the coming years, as the
components which need to withstand high pressure and temperature can be
developed deploying 3D printers which use metals at the printing material.
The global automotive 3D printing market can be additionally segregated by
application into prototyping and tooling, R&D and innovation and manufacturing
complex parts. In the automotive industry, the primary function of 3D printing is
prototyping and tooling, owing to which this application area is west to acquire the
largest market share. 3D prototyping and tooling helps to reduce additional costs
associated with outsourcing tasks and overall product manufacturing time.
Furthermore, the market can be classified geographically into North America,
Europe, Asia Pacific, South America and Middle East and Africa. North America
represents the largest market for automotive 3D printing globally, primarily due to
the early adoption of this technology. However, the major automotive producing
regions of Europe and Asia Pacific markets which are still at the nascent stage in

automotive 3D printing adoption are expected to record higher growth rates than
North America during the period of forecast, driven by the declining price of 3D
printers.
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The global automotive 3D printing market report provides the market share analysis
of the key industry participants operating in the industry. These players have been
exhaustively profiled and their business overview, financial overview, business
strategies and recent developments have been covered under the purview of the
report. The global market is dominated by a few major players and the key
strategies adopted by them include expansion, mergers & collaborations and new
product development. Some of the major players operating in the global automotive
3D printing market include Optomec Inc.,3D Systems Corporation, Ex One, Arcam
AB and Stratasys, Ltd.,. Other players operating in this market are Autodesk, Inc.,
Hoganas AB, Ponoko Ltd, Voxeljet AG and Local Motors among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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