3D Printing in Automotive Market Future Trends, Segments, Top Leading Players, Opportunities and Forecast by 2030

3D Printing in Automotive Market overview

Additive manufacturing comprises printing layer by layer from a 3D CAD model known as 3D printing. It helps in the reduction of lead time as well as cost for manufacturing and prototyping complex parts. 3D printing is used in sectors like designing, the concept of communication, prototyping validation, preproduction sampling and tooling. The materials used for this are polymers, ceramics, metals and others. The global 3D printing automotive market was valued at $1,664.0 million in 2020 and is projected to reach $13,022.4 million in 2030, registering a CAGR of 23.7%. The covid-19 has created uncertainty in the market; the supply chain slowed down at a massive rate, and many industries shut down. 3D printing automotive market has experienced weak demand in Europe and Asia, resulting in the weak shipment of printers. Most 3D printing companies shifted their focus on printing medical equipment during this pandemic time period. Government in different regions have announced lockdowns and shutdowns of industries which affected overall production and sales. 

Top prominent players
Autodesk, 3D Systems, Inc, Stratasys Ltd, Arcam AB, EnvisionTEC, Inc, Exone, Voxeljet AG, Local Motors, Ponoko Ltd, Optomec

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Market segmentation

The 3D printing automotive market is segmented on the basis of application, region, propulsion and component. 

• Component

1. Technology:- material extrusion, vat polymerization, powder bed fusion, material jetting, direct energy deposition.
2. Materials:- polymers, metals and others
3. Services 

• Application 

1. Tooling 
2. Jigs and fixtures 
3. End-Use Parts
4. Prototyping and others.

• Propulsion 

1. ICE vehicles 
2. Electric Vehicles

• Region 

1. North America  
2. Europe,
3. Asia-Pacific 
4. LAMA  

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Regional analysis 

• The largest region which has emerged in terms of global 3D printing in automotive market share is Europe. This region hosts a well-established automotive industry in the world. Skilled labour force, technological innovations, and huge spending on automobiles are major factors that are driving the 3D printing automotive market growth. 
• The 3D printing technologies and automotive manufacturing techniques substantiate the market developments due to vast advances. The 3D printing technology for automotive manufacturing boost the region’s 3D printing in automotive market size because of the presence of notable industry players and augmenting demand.
• The North American market of 3D printing is estimated to register steady growth and primarily due to the early adoption of 3DP technology. 
• For adopting 3D printing, the Asia-Pacific and European markets are in the early stages and are estimated to grow at a relatively higher rate than the North American market. The glitch in Asia-Pacific and Europe is regarded as due to lack of awareness about 3D printing and not being willing to adapt to new technology. 

Industrial News

• According to recent news, automotive plastic 3d printing is about to reach $2.7B in North America And Europe by 2030.
• OPT industries secure $15M to advance 3D printing metamaterial designs.
• The 3D printing automotive market is competitive and fragmented now due to the existence of several established players taking part in various marketing strategies to increase market value.

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Table Of Content

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global 3D Printing In Automotive Market, By Technology

4.1 Introduction

4.2 Stereolithography (SLA)

4.3 Laser Sintering

4.4 Electron Beam Melting

4.5 Laminated Object Manufacturing

4.6 Others

5 Global 3D Printing In Automotive Market, By Material

5.1 Introduction

5.2 Metal

5.3 Alloys

Continued………

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