Press release
APAC 3D Printing in Automotive Market to witness 30% CAGR over 2018-2024 | Top Key Players; Renishaw, Concept Laser, SLM Solutions Group AG, voxeljet AG, XYZprinting, Monoprice, Höganäs AB
3D Printing in Automotive Market
Request for a sample copy of this research report @ www.gminsights.com/request-sample/detail/2838
Owing to the surging transformation in automotive design with regards to creativity, innovation, and environmental concerns, 3D printing in automotive market has experienced a proliferating growth path in recent times. Earlier, 3D printing had not been adopted globally, however, with the increasing environmental and economic concerns, most of the automakers have now adopted this technology for designing and manufacturing various automotive components.
The hardware market accounted for over 75% of the 3D printing in automotive market. The hardware market includes 3D printers and materials. The growth of the market is attributed to the falling prices of 3D desktop printers. The price of the desktop printer is declining at an annual rate of 2-3% over the past five years and is estimated to resonate the trend during the forecast period.
3D printing in automotive market in software sector will grow at a CAGR of over 25% due to the growing demand for the third-party developers. These third-party developers are developing open-source 3D CAD software? compatible with a wide range of printers and technology. Furthermore, they are also collaborating with key 3D printing hardware and OEM manufacturers to eliminate the intricate software solutions that design hardware components based on software components.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Autodesk
2. HP
3. Stratasys
4. Materialise
5. Protolabs
6. Renishaw
7. Concept Laser
8. SLM Solutions Group AG
9. voxeljet AG
10. XYZprinting
11. Monoprice
12. Höganäs AB
13. Arcam AB
14. Optomec
Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/2838
The 3D printing in automotive has portrayed a rapid growth over the last decade as the companies operating in the market have attracted investments to capitalize and commercialize the technology. The players in the 3D printing in automotive market are introducing various strategic initiatives to expand their market share and strengthen their product portfolio. For instance, 2018 EOS & SLM Solutions collaborated with Audi to incorporate 3D printing technology across its manufacturing facility. This collaboration is aimed at developing new product offerings to gain an advantage over its competitors.
Additive manufacturing technologies over the past years have made a strong case in product innovation and 3D printing in automotive market, in particular, has significantly transformed the potential ways in which products are designed, manufactured, and distributed. The additive manufacturing techniques have also opened doors for lighter, cleaner, and more safe products with comparatively lower cost and shorter lead time. Quite overtly, these physiognomies have paved a lucrative way for the commercialization matrix of automotive 3D printing market, which has already chronicled its name in the coveted billion-dollar fraternity in 2017. According to a report by Global Market Insights, Inc., the global 3D printing in the automotive market was estimated at over USD 1.4 billion in 2017, while registering annual sales of 3D printers over 110 thousand units.
The major companies operating in the 3D printing in automotive market are Arcam AB, Autodesk, ExOne (The ExOne Company), Flashforge Corporation®, Höganäs AB, HP, Monoprice, Optomec, Ponoko, Prusa Research s.r.o., Stratasys, voxeljet AG, XYZprinting, Materialise, Nano Dimension, Protolabs, SLM Solutions Group AG, Electro-Optics Technology, Inc., Concept Laser, and Renishaw.
Browse key industry insights spread across 280 pages with 450 market data tables & 27 figures & charts from the report, 3D Printing in Automotive Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/3d-printing-in-automotive-market
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: www.industry-source.org
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market researchand consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release APAC 3D Printing in Automotive Market to witness 30% CAGR over 2018-2024 | Top Key Players; Renishaw, Concept Laser, SLM Solutions Group AG, voxeljet AG, XYZprinting, Monoprice, Höganäs AB here
News-ID: 1766955 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Printing
Global Printing Market | Global Printing Industry | Global Printing Market Resea …
The printing market comprises of sales of printing by several entities (organizations, sole traders and partnerships) that print products such as newspapers, books, labels, business cards, stationery, business forms, and several other materials.
According to the report analysis, ‘Printing Global Market Report 2020-30: Covid 19 Impact and Recovery’ states that the worldwide printing market is projected to decline from USD 314.6 billion during 2019 to USD 294.2 billion throughout…
Security Printing Market Security Printing Market
Security Printing Market: An Overview
Increased cases of forgery and counterfeiting practices are anticipated to drive the security printing market over the forecast period. Counterfeiting practices are particularly prevalent in bank notes, passports, postage stamps, identity cards, stock certificates, and contraband. Security printing helps in prevention of tampering and forgery of the instruments mentioned above.
Obtain Report Details @ https://www.transparencymarketresearch.com/security-printing-market.html
The key end market verticals in security printing market includes Banking, Financial Services…
Retail Security Tags Market by Technology (Barcode, Radio Frequency Identificati …
Retail security tags are used to attach a single or multiple products to identify, track, and count products. These are used by various companies and retail outlets to count and trace products. These offer benefits, such as automation, cost efficiency, security, and accuracy, in tracking inventory through supply chain network and retail environment.
The global retail security tags market is driven by rise in security measures in retail industry and decline…
Textile Printing Machine Market by Type (Rotary screen textile printing, Automat …
According to a new report published by Allied Market Research, titled, Textile Printing Machinery by Product type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the textile printing machinery market was valued at $7,309 million in 2016, and is projected to reach at $10,220 million by 2023, growing at a CAGR of 5.0% from 2017 to 2023. Asia-Pacific is expected to be the leading contributor to the global textile…
Global UV Cured Printing Inks Market By Application – Flexographic, Gravure Pr …
Researchmoz added Most up-to-date research on "Global UV Cured Printing Inks Market By Application – Flexographic, Gravure Printing, Offset Printing, Digital Printing and Screen Printing" to its huge collection of research reports.
Global UV Cured Printing Inks market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and…
Japan Packaging Printing In Global Market By Printing Technology: Flexography Pr …
Researchmoz added Most up-to-date research on "Japan Packaging Printing In Global Market By Printing Technology: Flexography Printing, Rotogravure Printing, Offset Printing And Digital Printing" to its huge collection of research reports.
The global Packaging Printing market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2017, growing at a CAGR of XX% between 2016 and 2022.
Japan plays an important role…
