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3D Printing in Automotive Market Growth Report and Research Analysis By Technology, By Application, And By Region like North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Automotive 3D Printing Market Insights
According to MRFR analysis, global 3D Printing in Automotive Market is expected to register a CAGR of ~ 15.94% from 2022 to 2030 and hold a value of over USD 9.7 billion by 2030.
Growth in the need to decrease vehicle weight, production cost & development time, upsurge in the use of 3D printing for quick prototyping & development of complex parts, and superior demand for modified automotive parts drive the growth of the market
Key Players
Some of the key 3D Printing in Automotive Market players are,
|
Market Size 2021 |
USD 2.13 Billion |
|
Market Size 2022 |
USD 2.97 Billion |
|
Market Size 2030 |
USD 9.7 Billion |
|
Compound Annual Growth Rate (CAGR) |
15.94% (2022-2030) |
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The COVID-19 crisis has formed uncertainty in the market, massive slowdown of the supply chain, and temporary shutdown of industries. Automotive markets knowledgeable weak demand in Europe and Asia after weak printer shipments. Most 3D printing companies shifted their focus on services to contribute to the printing of medical equipment during the pandemic. However, some automotive manufacturers accepted additive manufacturing to overcome supply chain issues, and offer localized & decentralized production. Numerous market players adopted in-house 3D printing for the on-demand production of tools, jigs, and fixtures.
Automotive 3D Printing Market Regional Analysis
Europe and Asia Pacific dominated the market for 3D Printing in Automotive and accounted for the largest revenue share. The existence of developing countries such as China, India, and Japan is expected to boost market growth in the region.
3D Printing in Automotive Market Segmentation
The Global 3D Printing in Automotive Market has been segmented into the Component, Material, and Application
Based on the Component, The Global 3D Printing in Automotive Market has been segmented into Material Extrusion, Powder Bed Fusion, Vat Photopolymerization, Material Jetting, Direct Energy Deposition, Binder Jetting
Based on the Material, The Global 3D Printing in Automotive Market has been segmented into Polymers, Metal, Others
Based on the Application, The Global 3D Printing in Automotive Market has been segmented into Prototyping, Tooling, Jigs & Fixtures
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3D Printing in Automotive Industry Updates:
Carbon Fiber Reinforced 3D Printing Materials: One of the challenges with 3D printing in the automotive industry has been the limited materials available that can withstand the high temperatures and stresses involved in the manufacturing process. However, recent developments in carbon fiber-reinforced 3D printing materials have made it possible to produce stronger and lighter parts that can meet the stringent requirements of the automotive industry.
3D Printed Electric Vehicles: Several automakers have started exploring the possibility of using 3D printing to produce electric vehicles (EVs). Local Motors, a US-based company, has already produced a 3D-printed EV called the Strati. This vehicle is made up of just 49 parts, compared to the thousands of parts that make up a traditional vehicle. This not only reduces the manufacturing cost but also makes the car more energy-efficient.
LIST OF TABLES
TABLE 1 GLOBAL 3D PRINTING IN AUTOMOTIVE MARKET, BY TECHNOLOGY
TABLE 2 GLOBAL 3D PRINTING IN AUTOMOTIVE MARKET, BY APPLICATION
TABLE 3 GLOBAL 3D PRINTING IN AUTOMOTIVE MARKET, BY REGIONS
TABLE 4 NORTH AMERICA 3D PRINTING IN AUTOMOTIVE MARKET, BY TECHNOLOGY
TABLE 5 NORTH AMERICA 3D PRINTING IN AUTOMOTIVE MARKET, BY APPLICATION
TABLE 6 U.S. 3D PRINTING IN AUTOMOTIVE MARKET, BY TECHNOLOGY
TABLE 7 U.S. 3D PRINTING IN AUTOMOTIVE MARKET, BY APPLICATION
TABLE 8 CANADA 3D PRINTING IN AUTOMOTIVE MARKET, BY TECHNOLOGY
TABLE 9 CANADA 3D PRINTING IN AUTOMOTIVE MARKET, BY APPLICATION
TABLE 10 EUROPE 3D PRINTING IN AUTOMOTIVE MARKET, BY TECHNOLOGY
TABLE 11 EUROPE 3D PRINTING IN AUTOMOTIVE MARKET, BY APPLICATION
TABLE 12 GERMANY 3D PRINTING IN AUTOMOTIVE MARKET, BY TECHNOLOGY
TABLE 13 GERMANY 3D PRINTING IN AUTOMOTIVE MARKET, BY APPLICATION
TABLE 14 FRANCE 3D PRINTING IN AUTOMOTIVE MARKET, BY TECHNOLOGY
TABLE 15 FRANCE 3D PRINTING IN AUTOMOTIVE MARKET, BY APPLICATION
TABLE 16 U.K. 3D PRINTING IN AUTOMOTIVE MARKET, BY TECHNOLOGY
TABLE 17 U.K. 3D PRINTING IN AUTOMOTIVE MARKET, BY APPLICATION
TABLE 18 REST OF EUROPE 3D PRINTING IN AUTOMOTIVE MARKET, BY TECHNOLOGY
…continued
Exclusines Report Insights:
Four-Wheel Drive Vehicles Market
About:
Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.
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