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3D Printing Automotive Market Report on Top Technologies, Key Insights and Company Profiles Like 3D Systems (U.S.), Stratasys (U.S.), Optomec (U.S.), ExOne (U.S.), and Arcam (Sweden)
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3D printing in automotive market are innovation in new printing materials for 3D printing, the development of new technologies, low cost of development, and expiration of key patents. However, regulatory hurdles in different countries, lack of availability and standardization of materials, process control standards, and limited awareness about the technology could hamper market growth.
The penetration of 3D printing is highest in North America as compared to other regions. Europe and Asia-pacific are in the early stages of adopting 3D printing technology. However, Europe is projected to lead the market, in terms of value, in the future, followed by Asia-Pacific, North America, and the rest of the world. The expiration of key patents has prompted manufacturers to enter the 3D printer market. The decline in the prices of 3D printers could also lead to a sudden spike in demand from the consumer segment.
Global 3D Printing Market, By Technology
1 Introduction
2 Stereolithography
3 Selective Laser Sintering
4 Selective Laser Melting
5 Direct Metal Laser Sintering
6 Electron Beam Melting (EBM)
7 Fused Disposition Modeling
8 Laminated Object Manufacturing
9 Three Dimensional Inject Printing
10 Digital Light Processing
11 Multiphase Jet Solidification (MJS)
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https://www.reportsnreports.com/contacts/discount.aspx?name=424877 .
3D printing automotive market is estimated to be USD 482.27 Million in 2015, and is projected to reach USD 1.56 Billion by 2020, growing at a CAGR of 26.58%. The primary application of 3D printers in automotive is for prototyping and tooling. Using 3D printing for prototyping reduce the turnaround time for making a prototype. Previously, manufacturers would outsource the prototyping process, which results in additional costs and increased their turnaround time. OEMs can now print a prototype overnight and at one fourth of the cost using 3D printing.
In this report, the 3D printing automotive market is segmented on the basis of technology, material, application, and region. The technology segment comprises stereolithography (SLA), laser sintering, electron beam melting (EBM), fused disposition modeling (FDM), laminated object manufacturing (LOM), three dimensional inkjet printing (3IDP), and other technologies. The material segment comprises polymers, metals/alloys, and others (glass, ceramics, wood, and composites). The application segment includes prototyping and tooling, R&D and innovation, manufacturing complex components, and others (customization, personalization, and aftermarket).
The 3D printing market for automotive is dominated by a few major players, such as3D Systems (U.S.), Stratasys (U.S.), Optomec (U.S.), ExOne (U.S.), and Arcam (Sweden).The key strategies adopted by these market players are mergers & acquisitions, new product development, and expansion
More Information on “3D Printing Automotive Market by Technology (SLA, SLS, FDM, EBM, LOM, 3DIP), Materials (Metals, Polymers), Application (Prototyping & Tooling, R&D, Manufacturing), and Region - Global Trends and Forecast to 2020” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=424877 .
This report classifies and defines the 3D printing automotive market in terms of volume and value. It provides a comprehensive analysis and insights (both, qualitative and quantitative) into the 3D printing market for automotive. It highlights potential growth opportunities in coming years and reviews the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to the 3D printing automotive market.
The report classifies and defines the 3D printing market for automotive, in terms of volume and value. Market size, in terms of volume, is provided in thousand kilograms from 2013 to 2020, while the market size, by value, is provided in terms of USD Million.
The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the3D printing market for automotive. Apart from analyzing the quantitative aspects of the market, the report also covers qualitative aspects, such as the value chain analysis and Porter’s Five Forces analysis.
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