Automotive 3D printing Market Industry Forecast, 2017-2023 | 3D Systems, Inc., Autodesk, Inc., Stratasys Ltd., Arcam AB, The ExOne Company, Hoganas AB, Optomec, Inc., Voxeljet AG, Ponoko Limited and Envisiontec , Inc.
Advantages of 3D printing such as minimal human intervention, low cost & less time required for production, higher resolution, and ability to manufacture customized parts would propel the growth of the market
Among components, the services segment contributed more than half of the total market share in 2017 and would maintain its lead through 2023. This is due to the features associated with service bureaus such as no set-up required for building 3D objects, short delivery time, and no requirement of minimum quantity for placing an order. However, the materials segment would grow at the fastest CAGR of 21.7% from 2017 to 2023. The technology segment is expected to grow at a steady rate during the forecast period.
Get Sample Report for More Details @ https://www.alliedmarketresearch.com/request-sample/1534
Among technologies, the stereolithography segment accounted for one-third of the total market share in 2017 and would maintain its dominance throughout the forecast period. This is attributed to the ability of this system to use of a wide range of materials, produce high resolution objects with high accuracy. However, the electron beam melting segment would grow at the fastest CAGR of 23.9% from 2017 to 2023 owing to its ability to build lightweight designs, improved efficiency in the use of raw materials, ability to produce durable objects for robust industrial applications, option of developing a variety of designs, and low production time. The report also analyzes selective laser sintering, fused deposition modeling, laminated object manufacturing, and other technologies.
Among materials, the polymers segment generated more than three-fourths of the market share in 2017 and would maintain its lead through the forecast period. Ease of printing complex parts with high degree of precision drives the adoption of polymers for 3D printing in the automotive industry. However, the metal & alloys segment is expected to grow at the fastest CAGR of 33.7% during the study period, as metals & alloys have excellent corrosion resistance, which makes them ideal for printing. The report also includes the other segment, which comprises plastics, ceramics, papers, glass, and wood.
Among applications, the prototyping and tooling segment accounted for 86% of the market share in 2017 and would maintain its lead through 2023. This is because 3D printing reduces the time needed to develop a prototype, which in turn reduces the overall time required to market a product. However, the R&D & innovation segment would grow at the fastest CAGR of 23.3%. This is attributed to the advantages associated with 3D printing such as visual aiding, presentation models, patterns for prototype tooling, and metal casing for enhanced understanding.
Inquire more about this report @ https://www.alliedmarketresearch.com/purchase-enquiry/1534
Asia-Pacific is expected to grow at the fastest CAGR of 22.0% during the study period, owing to the increased use of 3D printing for prototyping and tooling applications in the automotive industry in the region. North America generated the highest revenue in 2017, however Europe would supersede the former to be the largest revenue contributor by 2023 because the automotive industry in Europe has focused on improving their services and product offerings by adopting 3D printing into their manufacturing processes. The other regions explored in the study include Latin America, Middle East and Africa (LAMEA).
The key market players operating in the industry include 3D Systems, Inc., Autodesk, Inc., Stratasys Ltd., Arcam AB, The ExOne Company, Hoganas AB, Optomec, Inc., Voxeljet AG, Ponoko Limited, and Envisiontec, Inc. New product launches, joint ventures, expansions, mergers & acquisitions, partnerships, collaborations, and others are some of the strategies implemented by them to gain a lead position in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
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 Automotive 3D printing Market Industry Forecast, 2017-2023 | 3D Systems, Inc., Autodesk, Inc., Stratasys Ltd., Arcam AB, The ExOne Company, Hoganas AB, Optomec, Inc., Voxeljet AG, Ponoko Limited and Envisiontec , Inc. here
News-ID: 1804417 • Views: 926
More Releases from Allied Market Research
Airborne Fire Control Radar Market Global Business Outlook and Professional Surv …
A new report published by Allied Market Research, titled, “World Airborne Fire Control Radar Market by Frequency Band and Geography: Global Opportunity Analysis and Industry Forecast, 2014-2022,” forecasts that the world airborne fire control radar market is expected to reach $3,455 million by 2022, growing at a CAGR of 3.9% from 2016 to 2022. X-band segment is expected to witness highest growth rate, while region-wise North America is projected to
Aerospace Robotics Market Projected To Hit $5,687 Billion By 2022 | Analysis, Sa …
The aerospace robotics market in the LAMEA region is estimated to grow at a significant rate during the forecast period, owing to the heavy inflow of investment by the government to develop the aviation industry. Moreover, it is expected to witness significant growth in emerging countries such as Africa, Brazil, Iran, and Saudi Arabia. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2152 Aerospace Robotics Market Report, published by Allied Market Research, projects that the global
High Availability Server Market 2020 | Best Growth Opportunities to Generate Hug …
The Objective of the High Availability Server Market report is to depict the trends and upcoming for High Availability Server Industry over the forecast years. In High Availability Server Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2027 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased
U.S. Digital Therapeutics Market Expected to Reach $5.08 Billion by 2027
The U.S. digital therapeutics market is expected to grow at a faster rate during the forecast period, owing to increase in smartphone penetration in the U.S. Moreover, rise in need to curb healthcare costs and increase in prevalence of chronic diseases are anticipated to supplement the market growth. In addition, introduction of more sophisticated devices, which are compatible with smartphones and associated programs augments growth of the market. According to a
More Releases for CAGR
Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Locomotive Market : Research Observes Strong CAGR Development
The "Global Locomotive Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Locomotive Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Locomotive Market report, titled Locomotive Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020