Press release
Automotive 3D Printing Market 2018 Global Key Players, Challenges, Industry Size, Growth Opportunities And Forecast TO 2025
3D printing, also known as additive manufacturing, is the process of producing three dimensional objects from a digital file using a printing machine. This process involves laying down successive layers of material until the entire object is built. 3D printing is being adopted across industries such as automotive, defense, and aerospace. The increasing adoption of 3D printing is attributed to its various advantages, which include innovative designing, high adaptability levels, less time to market, and the ability to manufacture parts without expensive tooling.
One of the main drivers of 3D printing in the automotive market is supply chain optimization. 3D printing dramatically improves market responsiveness of automobile companies to changing customer tastes and preferences. It enables them to produce multiple product variations with very little cost increase. It substantially reduces scrap, material usage and helps manufacturers reduce their carbon footprint. This is absolutely critical for an industry which unfortunately creates too much of both air and noise pollution. Greater pressure put on companies by the government to go green will also spur adoption of 3D printing in the automotive market. Intense competition amongst manufacturers to create lighter, smarter and more fuel efficient vehicles will also play a major role for implementing 3D printing in the automotive market. 3D printing helps companies create customer specific automotive products, which will be key to maintaining their loyalty in the future.
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The U.S. is currently the largest market for 3D printing in the automotive market due to the oversize presence of Detroit in shaping the global automobile industry in the 21st century. There is also an awareness of new technologies and an eagerness to adopt them. However, the EU and countries like China and India are expected to surpass the U.S. within the next decade because of the reduction in costs, increasing awareness of 3D printing and also a strong focus on automobile manufacturing by the respective governments. Thus, the scope for 3D printing in the automotive market seems very bright indeed.
In 2017, the global 3D Printing in Automotive market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
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The key players covered in this study
3D System
Koenigsegg
HP Development Company
Local Motors
Safran Turbomeca
Audi
Blade
Honda
Hankook Tires
Optomec
Stratasys
Market segment by Type, the product can be split into
Stereolithography (SLA)
Laser Sintering
Electron Beam Melting (EBM)
Fused Disposition Modeling (FDM)
Laminated Object Manufacturing (LOM)
Three Dimensional Inkjet Printing (3IDP)
Market segment by Application, split into
Prototyping and Tooling
R&D and Innovation
Manufacturing Complex Products
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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