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Top Factor Driving Automotive 3D Printing Market Growth in 2025: Electric Vehicle Boom Drives Growth In The Automotive 3D Printing Market
Automotive 3D Printing Market Size
The accelerated expansion of the electric vehicle sector has stimulated the growth of the automotive 3D printing industry. Electric vehicles (EVs), which run on electricity-powered motors instead of traditional internal-combustion engines that burn a combination of fuel and gases, have surged in popularity. For example, a report by Kelley Blue Book, a company owned by Cox Automotive in the United States, highlighted in January 2024 that the previous year saw a record 1.2 million car buyers in the country opting for electric vehicles. This accounted for 7.6% of the entirety of the U.S. vehicle market, which is a notable increase from 5.9 % in 2022. Consequently, the automotive 3D printing market's expansion is fueled by this increasing demand for electric vehicles.
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What growth opportunities are expected to drive the automotive 3d printing market's CAGR through 2034?
The size of the automotive 3D printing market has seen a massive increase in recent years. It is predicted to rise from $3.56 billion in 2024 to a whopping $4.4 billion in 2025, reflecting a compound annual growth rate (CAGR) of 23.6%. Factors such as customization and personalization, swift prototyping, intricate geometries, minimized material wastage, and optimization of the supply chain have contributed to the significant growth seen in the historical period.
The market size for 3D printing in the automotive industry is predicted to undergo significant growth in the upcoming years, reaching a value of $10.04 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 22.9%. The anticipated expansion during this period is due to factors such as the lower costs of producing spare parts, sustainable manufacturing practices, regulatory compliance, and the incorporation of metal 3D printing. The key trends projected for this period encompass mass customization, the reduction of weight, complex design capabilities, supply chain improvement, and the production of spare parts.
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What are the emerging trends shaping the future of the automotive 3d printing market?
The rise in technological innovation in the automotive 3D printing sector is an emerging trend in same market. Numerous businesses are investing in 3D printing for enhanced additive manufacturing, optimized brackets, and the production of tooling for assembly lines. For instance, Digital Metal, a metal additive manufacturing firm based in Sweden, introduced the DMP/PRO binder jet 3D printer in May 2022. This metal additive manufacturing system employs binder jetting technology to build intricate, high-precision metal parts layer by layer. The system selectively uses a binding agent on a powder bed, enabling the construction of complex geometries and components that align well with industries such as automotive, aerospace, and medical. This printer is crafted for high-volume output and scalability, making it perfect for everything from prototype development to full-scale production runs.
Which growth-oriented segments of the automotive 3d printing market are leading the industry's development?
The automotive 3D printing market covered in this report is segmented -
1) By Component: Interior components, Exterior components
2) By Vehicle Type: ICE vehicles, Electric vehicles
3) By Material: Metals, Plastic, Composites and Resins
4) By Application: Prototyping And Tooling, Research, Development And Innovation, Manufacturing Complex Components
5) By Technology: Stereolithography (SLA), Selective Laser Sintering (SLS), Electron Beam Melting (EBM), Fused Deposition Modeling (FDM), Laminated Object Manufacturing (LOM), Three-Dimensional Inject Printing
Subsegments:
1) By Interior Components: Dashboard Components, Seating Components, Trim and Paneling, Console Parts, HVAC Ducts
2) By Exterior Components: Body Panels, Bumpers, Grilles, Mirror Housings, Lighting Fixtures
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What regions are leading the charge in the automotive 3d printing market?
North America was the largest region in the automotive 3D printing market in 2024 and North America is expected to be the fastest-growing region in the automotive 3D printing market share forecast period. The regions covered in the automotive 3D printing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the automotive 3d printing market?
Major companies operating in the automotive 3D printing market include 3D Systems Corporation, Desktop Metal Inc., Electro Optical Systems (EOS) GmbH, General Electric Company, EnvisionTEC GmbH, Stratasys Ltd., Materialise NV, Ultimaker BV, Voxeljet AG, Hoganas AB, SLM Solutions Group AG, Renishaw plc, Arcam AB, Optomec Inc., Carbon Inc., Hewlett-Packard Incorporated, Markforged Inc., Prodways Group, Beijing Long Yuan Automated Fabrication System Co. Ltd., Concept Laser GmbH, CRP Technology S.r.l., DWS Systems S.r.l., ExOne Company
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What Is Covered In The Automotive 3D Printing Global Market Report?
•Market Size Forecast: Examine the automotive 3d printing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive 3d printing market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive 3d printing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive 3d printing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive 3d printing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive 3d printing market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive 3d printing market.
•Competitive Landscape: Review strategic developments in the automotive 3d printing market, including expansions, agreements, and new product launches.
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