Automotive 3D Printing Market

Automotive 3D Printing Market by Technology Types (Selective Laser Sintering (SLS), Stereo Lithography (SLA), Digital Light Processing (DLP), Electronic Beam Melting (EBM), Selective Laser Melting (SLM), and Fused Deposition Modeling (FDM)), Component Types (Hardware, Software and Service), Material Types (Metal, Polymer, and Ceramic), Application Types (Production and Prototyping/R&D), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: AL-780
  • Author: Growth Market Reports
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  • No. Of Pages: 170
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Automotive 3D printing market was valued at USD 760 million in 2020 and is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to its application which allows producers to build models using several printing materials.

3D printing technology is in its evolving stage in automotive sector, the automotive 3D printing market is estimated to gain popularity and demand in the near future. The reduction in costs as well as lead time would boost the adoption of automotive 3D printing for manufacturing and prototyping complex parts.

Automotive 3D Printing Market Key Takeaways

The materials required for automotive 3D printing include various types of metals, ceramics, polymers, and others. The choice of printing material depends on the characteristics estimated from printed object. There are particular 3D printers which print models using various materials at once according to requirements, therefore, making the manufacturing process easier. The applications of 3D printing have expanded rapidly, since it offers higher precision with greater speed and finer resolution.

Local motors are among the first manufacturers to commercialize the use of 3D printing in the automotive sector by manufacturing body parts and chassis with giant 3D printers. Ford Motor Company uses 3D printers to produce prototypes of silica powder, sand, resin, and even metal for the manufacture of its vehicle components.

The Covid-19 pandemic had an unpleasant impact on the automotive 3D printing. The production has been on halt and both the demand and supply ware affected. The market suffered significant loss; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing need to manufacture complex designs within a limited interval of time coupled with the desire to utilize resources efficiently is the primary feature driving the market during the forecast period.
  • Factors such as manufacturing of customized parts, depletion in cost and time of production, reduction in human error, and higher resolution are the key features propelling the market of 3D printing in coming years.
  • 3D printing is favorable, as designers can identify defects or errors from that prototype itself; thereby ultimately reducing the operational cost and production time.
  • Unavailability of skilled labor and high printing cost are the key factors that impede the growth of the automotive 3D printing market.
  • R&D investment and technological advancement in automotive 3D printing market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the automotive 3D printing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive 3D Printing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technology Type (Selective Laser Sintering (SLS), Stereo Lithography (SLA), Digital Light Processing (DLP), Electronic Beam Melting (EBM), Selective Laser Melting (SLM), and Fused Deposition Modeling (FDM)), Component Type (Hardware, Software, and Service), Material Type (Metal, Polymer, and Ceramic), Application Type (Production and Prototyping/R&D)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

3D Systems Corporation, Arcam AB, Autodesk, Inc., EnvisionTEC, Hoganas AB, Optomec, Inc., Ponoko Limited, Stratasys Ltd., The ExOne Company, and Voxeljet AG.


Market Segment insights

The fused deposition modeling (FDM) segment is projected to constitute a large market share
Based on technology types, the automotive 3D printing market is segregated into selective laser sintering (SLS), stereo lithography (SLA), and digital light processing (DLP), electronic beam melting (EBM), selective laser melting (SLM), and fused deposition modeling (FDM). The fused deposition modeling (FDM) segment is expected to account for a key share of the market during the forecast period owing to the flexibility of the method to be used for manufacturing of the concept model parts, prototypes, and also final products. Moreover, it aids in ecological impacts, such as the negligible carbon footprint and minimal wastage. Recent advancements in the FDM technology, makes it compatible to 3D print parts with materials, such as carbon fibre and carbon fibre reinforced plastics, make the process even more crucial to the automakers. However, stereo lithography (SLA) segment is anticipated to expand at a rapid pace during the forecast period due to it revolutionizing the speed and techniques of designing and manufacturing objects which is highly beneficial for the automotive industry.

The polymer segment is anticipated to expand at a robust pace
Based on material types, the automotive 3D printing market is fragmented into metal, polymer, and ceramic. The polymer segment accounts for a key share of the market and is estimated to propel during the forecast period owing to it leading in all fonts such as shipment revenues, the installed base, and the number of developments happening in this space.

The hardware segment is projected to propel the market
Based on component types, the automotive 3D printing market is segregated into hardware, software, and service. The hardware segment is estimated to account for a key share of the market during the forecast period owing to rising demand for complex designs, prototypes, and businesses moving towards advanced manufacturing processes.

Automotive 3D Printing Market By Component Type

The prototyping segment is expected to register a substantial CAGR
Based on application types, the automotive 3D printing market is divided into production and prototyping/R&D. The prototyping segment accounts for a key share of the market and is estimated to propel during the forecast period owing to its applications such as early discovery of design problems, estimate manufacturing time, production costs, and requirements for materials. However, production segment is expected to expand at a significant pace due to its time efficient, flexible design, lightweight parts, and cast effectiveness.

Automotive 3D Printing Market By Appliction Types

North America is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to expand at a robust CAGR during the forecast period. Developed chemical industry, government initiatives, entry of major players in the market, availability of skilled labor, and cheap raw materials are anticipated to boost the market over the coming years.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive 3D Printing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive 3D Printing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive 3D Printing Market - Supply Chain
  4.5. Global Automotive 3D Printing Market Forecast
     4.5.1. Automotive 3D Printing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive 3D Printing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive 3D Printing Market Absolute $ Opportunity
5. Global Automotive 3D Printing Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive 3D Printing Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive 3D Printing Demand Share Forecast, 2019-2026
6. North America Automotive 3D Printing Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive 3D Printing Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive 3D Printing Demand Share Forecast, 2019-2026
7. Latin America Automotive 3D Printing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive 3D Printing Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive 3D Printing Demand Share Forecast, 2019-2026
8. Europe Automotive 3D Printing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive 3D Printing Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive 3D Printing Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive 3D Printing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive 3D Printing Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive 3D Printing Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive 3D Printing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive 3D Printing Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive 3D Printing Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive 3D Printing Market: Market Share Analysis
  11.2. Automotive 3D Printing Distributors and Customers
  11.3. Automotive 3D Printing Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. 3D Systems Corporation
     11.4.2. Arcam AB
     11.4.3. Autodesk, Inc.
     11.4.4. EnvisionTEC
     11.4.5. Hoganas AB
Segments Covered in the Report
The automotive 3D printing market has been segmented on the basis of:-

Technology Types
  • Selective Laser Sintering (SLS)
  • Stereo Lithography (SLA)
  • Digital Light Processing (DLP)
  • Electronic Beam Melting (EBM)
  • Selective Laser Melting (SLM)
  • Fused Deposition Modeling (FDM)
Component Types
  • Hardware
  • Software
  • Service
Material Types
  • Metal
  • Polymer
  • Ceramic
Application Types
  • Production
  • Prototyping/R&D
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Companies
  • 3D Systems Corporation
  • Arcam AB
  • Autodesk, Inc.
  • EnvisionTEC
  • Hoganas AB
  • Optomec, Inc.
  • Ponoko Limited
  • Stratasys Ltd.
  • The ExOne Company
  • Voxeljet AG

Key players competing in the automotive 3D printing market include 3D Systems Corporation, Arcam AB, Autodesk, Inc., EnvisionTEC, Hoganas AB, Optomec, Inc., Ponoko Limited, Stratasys Ltd., The ExOne Company, and Voxeljet AG.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instances,

  • In January 2018, Bugatti Automobiles developed the world’s first eight-piston monobloc brake calliper with the help of 3D printing technology.
  • In May 2018, General Motors has declared to enter the next phase of vehicle lightweight technology by adoption 3D printing technology. For this, General Motors partnered with AutoDesk, the US-based software company that provides software services for the manufacturing industry.
  • In December 2018, Ford set-up an advanced manufacturing plant in Redford, Detroit. Ford has also planned to develop 3D printing parts for the 2019 Mustang at this facility.

Automotive 3D Printing Market By Key Players

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