The global automotive 3D printing market is anticipated to reach USD 1.4 billion by 2020 growing at a CAGR of 7.9% during the forecasting period, 2020-2028. Automotive 3D printing is the process of producing 3D objects from a digital file using a printing machine. Automotive 3D printing helps in performing the functional prototyping phases, design, and tooling production to parts manufacturing, the automotive industry is one of the pioneers in the use and integration of 3D printing in it. Factors such as reduction in costs and time of rapid prototyping are some of the major factors for the automotive 3D printing market.
The global automotive 3D printing market is segmented into technology, material, usage, application, distribution channel, and geography.
The technology segment is segmented into Stereolithography, Selective Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modelling, Laminated Object Manufacturing, Three Dimensional Inject Printing, Multiphase Jet Solidification (MJS), and Digital Light Processing
The material segment is segmented into Nylon, Resin, Wax, Photopolymer, and Metal
Usage segment is segmented into Belows, Complex Ducting, High Detail Visual Prototypes, Functional Mounting Brackets, and Others
Application segment is segmented into Fluid Handling, Exterior/Exterior Trim, Manufacturing Process, Exhaust/Emissions, Frame, Body, & Doors, Wheels, Tires, & Suspensions, OEM Components, Interior & Seating, and Engine Components
The distribution Channel segment is segmented into OEMs and Aftermarket.
Geographically, the global automotive 3D printing market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Europe region is the largest contributor to the augmented intelligence market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028
Key players in the global automotive 3D printing market are Autodesk, 3D Systems Corporation, Arcam AB, Stratasys INC., Voxeljet AG, Exone, Hoganas AB, Optomec Inc., Local Motors, Ponoko Ltd, Javelin Tech, Vexma, among others
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.
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