Automotive 3D Printing Market Development Factors, Latest Opportunities, Growth By Top Companies and Forecast by 2028

According to our latest market study on "Automotive 3D Printing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Three Dimensional Inject Printing, Fused Deposition Modeling, Selective Laser Sintering, Electron Beam Melting, Others ); Application (Prototyping and Tooling, Manufacturing Complex Components, Exterior Trim, Others ) and Geography"

The automated 3D printing solutions are being employed by major manufacturing companies to expand their production. These solutions would prove to be highly cost-effective and time-saving in the coming years. The North America region is expected to hold maximum share owing to the presence of significant market players and the rapid adoption of the technologies in the area. The key players are seen to focus on new product development and launches to expand their hold on the market during the forecast period.

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Companies Profiled in this report includes: 3D Systems Corporation,  ABB Ltd.,  EOS GmbH,  Formlabs Inc.,  General Electric Company,  KUKA AG,  Materialise NV,  SLM Solutions Group AG,  Stratasys Ltd.,  The ExOne Company

MARKET SEGMENTATION

  The global automated 3D printing market is segmented on the basis of offering, process, and end user.

  Based on offering, the market is segmented as hardware, software, and services.

  On the basis of the process, the market is segmented as automated production, material handling, part handling, multiprocessing, and post-processing. T

  The market on the basis of the end user, is classified as automotive, healthcare, aerospace & defense, consumer products, energy, and others.

MARKET DYNAMICS

Drivers:

  Reduction of Wastage.

Restraints:

  Lack of Skilled Labor.

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IMPACT OF COVID-19 ON AUTOMATED 3D PRINTING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.