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Automotive 3D Printing Global Market Report 2024 - By Size, Growth, Key Factors, Drivers, Forecast To 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Automotive 3D Printing industry. This report on Automotive 3D Printing market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The automotive 3D printing market size has grown exponentially in recent years. It will grow from $2.91 billion in 2023 to $3.62 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to customization and personalization, rapid prototyping, complex geometries, reduced material waste, supply chain optimization. The automotive 3D printing market size is expected to see exponential growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%.
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Key Market Players:
3D Systems Corporation, Autodesk Inc., Desktop Metal Inc., Electro Optical Systems (EOS) GmbH, General Electric Company.
Market Drivers:
According to the Automotive 3D Printing Market Report 2024 by The Business Research Company, the rising investments in the automotive sector are expected to propel the growth of the automotive 3D printing market going forward. Investments in the automotive sector refer to the allocation of capital or financial resources into various aspects of the automotive industry with the expectation of generating a financial return. Investments in the automotive sector help automotive 3D printing by increasing demand for 3D printed parts, funding research and development in 3D printing technology and leveraging the benefits of 3D printing, from customization to sustainability and cost-efficiency.
More information about the Global Automotive 3D Printing Market Report -
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Market segments for Automotive 3D Printing include:
• By Component: Interior components, Exterior components
• By Vehicle Type: ICE vehicles, Electric vehicles
• By Material: Metals, Plastic, Composites and Resins
• By Application: Prototyping And Tooling, Research, Development And Innovation, Manufacturing Complex Components
• By Technology: Stereolithography (SLA), Selective Laser Sintering (SLS), Electron Beam Melting (EBM), Fused Deposition Modeling (FDM), Laminated Object Manufacturing (LOM), Three-Dimensional Inject Printing
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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