Automotive Additive Manufacturing Market Size and Prediction by Leading Manufacturers According to Its Application and Types Till 2026 | Reports And Data

The Automotive Additive Manufacturing Market is expected to grow from USD 6.45 Billion in 2018 to USD 11.85 Billion by 2026, at a CAGR of 7.5%. New and improved technologies, government financial support, large - scale application area, rapid low - cost product development and easy custom product development are the main drivers intended to drive the automotive additive manufacturing market.

Thus, 3D printing is well positioned to expand its use as the primary technology for automotive prototyping and tooling, while at the same time creating a stronger than ever opportunity for serial and mass production of customized parts.

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The report includes the latest coverage of the impact of COVID-19 on the Automotive Additive Manufacturing industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

The emerging and present key participants in the Automotive Additive Manufacturing market are:

Stratasys (US), Arcam AB (Sweden), 3D Systems (US), Proto Labs Inc. (US), SLM Solutions (Germany), Materialise (Belgium), ExOne GmbH (Germany), EOS GmbH (Germany), Concept Laser (Germany), Ultimaker (Netherlands) and others.

Profitability scope and Prospects

The key participants who have shown tremendous growth in the Automotive Additive Manufacturing market have been included in the report. In the report, data from 2016 to 2018, shows that some of the companies have shown enormous sales revenues, with the net revenue being doubled and the profits continually increasing. The profitability of the products being sold by the company indicates the influence and competitive advantage these companies have over the others.

Technology-Type (Units, Thousands: 2016-2026; and Revenue, USD Million: 2016-2026)

Multijet Printing (MJP)
Direct Metal Laser Sintering (DMLS)
Fused Deposition Modelling (FDM)
Stereolithography (SLA)
Selective Laser Melting (SLM)
Electronic Beam Melting (EBM)
Laser Metal Deposition (LMD)
Selective Laser Sintering (SLS)
Laminated Object Manufacturing (LOM)
Others

Material-Type (Units, Thousands: 2016-2026; and Revenue, USD Million: 2016-2026)

Metal
Polymers
Ceramics
Others

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Application-Type (Units, Thousands: 2016-2026; and Revenue, USD Million: 2016-2026)

Prototyping
Tooling
R&D & Innovation
Manufacturing Complex Parts
Others

 Regional Outlook (Revenue in USD Million; 2016–2026)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest:

-The Automotive Additive Manufacturing Market is expected to grow from USD 6.45 Billion in 2018 to USD 11.85 Billion by 2026, at a CAGR of 7.5%. New and improved technologies, government financial support, large - scale application area, rapid low - cost product development and easy custom product development are the main drivers intended to drive the automotive additive manufacturing market.

-On the basis of material-type, the metal segment is expected to hold the largest market share as 3D printing is easy to use in the manufacture of end products (engines, spare parts, other interior and exterior parts).

-While the market continues to focus on prototyping and tooling, by the end of the forecast period, parts production will become the primary revenue opportunity, surpassing prototyping, tooling, hardware and materials.

-Production of parts including metal and polymer parts produced by automotive OEMs internally as well as in outsourcing. These are expected to be the primary revenue opportunity for the automotive additive manufacturing market that drives the whole segment, amounting to almost USD 11.85 Billion by the end of the forecast period.

-Europe is forecasted to grow the largest during the forecast year and is expected to maintain its dominance over the forecast period. Increasing expenditure, rising income levels, low manufacturing costs, rapid product development, and lower competition than mature countries have also amplified market players ' interest in emerging markets.

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Objectives of the study:

Our panel of expert analysts specializing in the value chain has conducted an exhaustive, industry-wide study to offer readers accurate insights into the future of the Automotive Additive Manufacturing market and give key market players authentic information derived via both primary and secondary sources of data collection. Additionally, the report also comprises of inputs from our consultants, which can help companies make the most of the available market opportunities. It also offers a detailed breakdown of the sales of Automotive Additive Manufacturing and the factors that could potentially influence the growth of the industry. The information provided in this report will be able to help readers capitalize on the available growth prospects.

Current scenario of the Automotive Additive Manufacturing market

The year’s overall performance might not be that encouraging as other market segments like cloud-based and on-premises that have shown modest gains. The growth scenario might change with other companies trying to come up with more ambitious plans. Unlike the past, decent growth and consumption have been observed in the United States, EU, Japan, China, India & Southeast Asia, and many growth opportunities lie ahead for the companies.

About the growth prospects and rising competition

The participants plan to introduce new products and launch them into various markets around the globe, considering the applications/end-uses, such as Small and Medium Enterprises (SMEs) & Large Enterprises. The report also evaluates some latest innovative products that are vital and may be introduced in EMEA markets in the last quarter of 2019 and 2020.

The Automotive Additive Manufacturing Market report addresses the following questions:

>What is the regulatory framework governing the application of Automotive Additive Manufacturing in the food industry?

>What is the estimated growth rate of Automotive Additive Manufacturing for the forecast period from 2020 to 2026?

>Which end-use industry is expected to have the highest demand for Automotive Additive Manufacturing by the year 2026?

>Which manufacturing processes are utilized for the production of Automotive Additive Manufacturing?

>Which are the leading regions for Automotive Additive Manufacturing Market players that are aiming to expand their product portfolio?

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