Press release
Automotive 3D Printing Market Emerging Trend, Top Companies, Industry Demand, Business Review and Regional Analysis by 2028
The global automotive 3D printing market is anticipated to grow at a CAGR of nearly 22.0% during the forecast period (2022-2028).Automotive 3D Printing is the process of producing three-dimensional solid objects from a digital file. The major factor expected to drive the market is the rising innovation in new printing materials for 3D printing, the development of new technologies, and the low cost of development. In addition, rise in the number of R&D activities across the globe, investment in automotive technology, by manufacturers as they are focusing on lightweight vehicles to decrease fuel consumption and low emission are some factors encouraging the growth of the market. The government investments in 3D printing-related R&D projects, and use of 3D printing during initial stages of automotive production as designers can identify errors or defects from built prototype along with the growth of the heavy engineering industry, need for minimizing emissions, are further driving the global automotive 3D printing market during the forecast period.
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A full report of Global Automotive 3D Printing Market is available at: https://orionmarketreports.com/automotive-3d-printing-market/96871/
Some major players in the market include 3D Systems Corp., Materialise NV, and Stratasys Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, Proto Labs, Inc. entered into a partnership with RS Components. The partnership is to offer a new comprehensive 3D printing service. Further, in November 2021, the company announced the opening of a new production facility that will expand the 3D printing capacity by 60%. Furthermore, in October 2021, UpNano GmbH announced two new resins for usage with its 2-photon polymerization(2PP) 3D printing technology that has been developed by a Vienna-based manufacturer, UpNano.
Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Technology Type
o By Material Categorization Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- 3D Systems Corp., Materialise NV, and Stratasys Ltd., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive 3D Printing Market Report by Segment
By Technology Haulage Type
• Stereolithography
• Selective Laser Sintering
• Selective Laser Melting
• Direct Metal Laser Sintering
• Electron Beam Melting
• Fused Deposition Modelling
• Laminated Object manufacturing
• 3-Dimensional Inkjet Printing
By Material Categorization Type
• Metal-Based Manufacturing
• Polymer-based Manufacturing
• Alloys-Based materials
• Others
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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