Automotive 3D Printing Market is Projected to Reach USD 9.7 Billion with a CAGR of 15.94% During the Forecast of 2023 – 2030

The global Automotive 3D Printing Market is expected to register a CAGR of ~ 15.94% from 2023 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

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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.

Key Players

• Autodesk
• 3D Systems, Inc,
• Stratasys Ltd
• Arcam AB
• EnvisionTEC, Inc
• Exone
• Voxeljet AG
• Local Motors
• Ponoko Ltd

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.

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Automotive 3D Printing Market Growth Analysis

The automotive industry has witnessed significant advancements in technology, and one area that has gained considerable attention is 3D printing. 3D printing, also known as additive manufacturing, allows for the creation of three-dimensional objects by layering materials based on a digital model. In recent years, this technology has made its way into the automotive sector, revolutionizing various aspects of the industry.

The automotive 3D printing market has experienced substantial growth and is expected to continue expanding in the coming years. Several factors are driving this growth:

Customization and Personalization: 3D printing enables manufacturers to produce customized and personalized parts and components for vehicles. This ability to create unique designs and tailor-made solutions for customers is a significant driver for the adoption of 3D printing in the automotive industry.

Cost Reduction: 3D printing eliminates the need for expensive tooling and molds, reducing manufacturing costs for automotive companies. It also enables on-demand production, minimizing inventory and storage costs. As the technology evolves and becomes more efficient, the cost benefits will further propel market growth.

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Market Segmentation

The Global Automotive 3D Printing 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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