Press release
Current Advances in 3D Printing in Automotive Market| Opportunities & Challenges with Key Players Like Arcam AB, Autodesk, Höganäs AB, HP, Monoprice, Stratasys, Materialise, Protolabs, SLM Solutions Group AG, Concept Laser, Renishaw
3D Printing in Automotive Market
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Company profiled in 3D printing in automotive market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Arcam AB
2. Autodesk
3. Höganäs AB
4. HP
5. Monoprice
6. Stratasys
7. Materialise
8. Protolabs
9. SLM Solutions Group AG
10. Concept Laser
11. Renishaw
As of now, some of the leading contributors in the automotive industry comprising Daimler, VW, Porsche, Audi, Rolls-Royce, and many other e-vehicle manufacturers use 3D printing technology for manufacturing complex automotive parts. The acceptance of this emerging technology by various leading automakers is poised to impel 3D printing in automotive market trends. Currently, the automakers are focusing on reducing the lead time required to develop new vehicle models that will help them to not only gain competitive benefits but will also help reduce the cost associated with the product development stages.
Enumerated below are some instances validating the increasing adoption of 3D printing technologies by various automakers that have been influencing 3D printing in automotive market.
Over the last few years, with the increasing awareness about the energy efficiency, the popularity of e-vehicles has increased tremendously. In line with the surging adoption of e-vehicles and the supportive regulatory norms, many automakers are investing in electric vehicles. In this regard, for achieving competitive benefits, some EV manufacturers have adopted new technology trends such as 3D printing and additive manufacturing. As on today, numerous 3D printed cars have actually been developed, however, not all of them are practically used. In order to change the perspective of consumers, the Italian car manufacturer, XEV has started the production of 3D printed vehicles dubbed as LSEV which will be available in the market by the next year.
Speaking along the same line, the Italian car manufacturer will start manufacturing its 3D printed cars at its China-based mega factory. XEV is developing nearly 2,000 plastic extrusion 3D printers in which it can use Wrap-Free technology that will hide all the surface layers generated due to fused deposition modeling (FDM). The use of 3D printing technology for the mass production of this customizable car will help XEV to enhance its customer base across the globe over the years ahead.
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Currently, the growing adoption of 3D printing technology for functional prototyping, mass production, design validation, and ergonomics across the automotive sector will propel the 3D printing in automotive market trends over the years ahead. The increasing importance for accuracy, reliability, and consistency in the automotive sector while developing complex designs will also improve the use of 3D printing technology. Aided by the ongoing product innovations across the automotive sector, 3D printing in automotive market will surpass a revenue collection of USD 8 billion by the end of 2024.
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