Automotive 3D Printing Market Analysis & Forecast 2022

1. Opportunity Analysis and Industry Forecast, 2016-2023 Automotive 3D Printing Market Global Opportunity Analysis and Industry Forecast, 2017-2023

2. According to a recent report published by Allied Market Research, titled,Automotive 3D printing Market by Component, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global automotive 3D printing market size was valued at $762 Million in 2016, and is projected to reach at $2,730 Million by 2023, growing at a CAGR of 19.7% from 2017 to 2023. The materials used for automotive 3D printing include various types of polymers, metals, ceramics, and others. The selection of printing material depends on the traits expected from printed object. There are certain 3D printers that print models using multiple materials simultaneously according to requirements, thereby making the manufacturing process easier. The applications of 3D printing have increased rapidly, since it offers greater speed with higher precision and finer resolution. Automotive 3D printing Market Overview :-

3. Automotive 3D printing Market Overview :- 3D printing has radically changed the whole procedure of designing, developing, and manufacturing products in the automotive industry. The technology is used for producing lighter and complex parts & accessories at reduced costs. 3D printers have proved boon to automotive industry players for efficient use of materials and effective logistics management. Automotive industry, one of the biggest industries across the globe, is witnessing tough competition among the operating players. The players are consolidating all their efforts into minimizing the material usage and reducing manufacturing lead time & associated costs. Therefore, 3D printing technology is exhibiting widespread applications within the automotive sector for prototyping and tooling, R&D and product innovation applications. However, the lack of skilled labor and high cost of 3D technology are the key restraining factors, limiting the market growth to a considerable extent. Read more at : https://www.alliedmarketresearch.com/automotive-3d-printing-market

4. Top Impacting Factors :-

5. Top Impacting Factors :- Reduction of Wastage:- The adoption of 3D printers has increased among professional users owing to its accuracy in printing objects. The use of 3D printing in the initial stages of production is beneficial as designers can identify the errors or defects in the built, thereby reducing the production time and operational cost. Additive manufacturing provides facility to integrate complex design and optimize operational resources. Thus, the automotive 3D printing market size is expected to witness a dynamic growth during the analysis period. The utilization of materials is done in an efficient manner and no excess material is used in unwanted spaces. Earlier, large amount of material was wasted during the manufacturing process as subtractive techniques were followed to build parts. However, 3D printing is based on additive manufacturing process, involving layer-by-layer deposition of materials. Efficient use of material and reduction in wastage are key driving forces responsible for the adoption of 3D printing technique across various industries.

6. Top Impacting Factors :- Lack of Skilled Labor:- Requirement of skilled labor or expertise to operate 3D printer has an impact on the market, since there is a demand-supply gap between skilled labors and industry requirement. There is a growth in need to impart special training skills to operate 3D printers, thereby affecting the deployment of 3D printing across various industries. Technological Advancements:- Manufacturing complex designs using conventional techniques is a difficult task. The 3D printers provide a platform for creation along with freedom of manufacturing objects and designing them as per the user specifications. The feasibility and implementation of a design can be assessed using 3D printing. Innovation in in-house additive printing facility is a major driving force for adoption of 3D printing in the automotive industry.

7. Automotive 3D printing Market Segmentation :-

8. Automotive 3D printing Market key Benefits :- • This study comprises analytical depiction of the global automotive 3D printing market with current trends and future estimations to depict the imminent investment pockets. • The overall market potential is determined to understand the profitable trends to gain a stronger foothold. • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis. • The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market. • Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the automotive 3D printing market.

9. Automotive 3D printing Market key Findings :- • Key Findings of the Automotive 3D Printing Market: • Stereolithography is projected to continue to maintain its leading position as a widely used technology during the forecast period. • Prototyping & tooling application constituted nearly four-fifth of the market share in 2016 and would continue to maintain its leading position till 2023. • Europe and Asia-Pacific regions would exhibit promising growth owing to increasing awareness and adoption of the technology, and declining prices. • Automotive 3D printing industry participants would focus on introducing new products with innovations and partnerships to improve their market share. • Get Sample Copy For More Information:- • https://www.alliedmarketresearch.com/request-sample/1534

10. Profiled Key Players:- • Profiled Key Players:- • 3D Systems • Autodesk • Stratasys Ltd • Arcam AB • The ExOneCompany • Hoganas AB • Optomec • Voxeljet AG • PonokoLimited • Envisiontec • These market players are primarily focusing on development of new technology, launching novel products with innovative variations and adopting partnership and collaboration as key strategies to establish their position in the market.

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