The Automotive Additive Manufacturing Market is expected to grow from USD 6.45 Billion in 2018 to USD 11.85 Billion by 2028, at a CAGR of 7.5%. New and improved technologies, government financial support, large - scale application area, rapid low - cost product development and easy custom product development are the main drivers intended to drive the automotive additive manufacturing market.
Automotive industry stakeholders around the world are now racing towards full industrialization and integration of the AM process in their end - to - end production workflow, starting with software and materials, going through the actual AM hardware and ending with services and a growing number of potential applications.
Thus, 3D printing is well positioned to expand its use as the primary technology for automotive prototyping and tooling, while at the same time creating a stronger than ever opportunity for serial and mass production of customized parts.
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Leading Companies operating in the Global Automotive Additive Manufacturing Market:
Stratasys (US), Arcam AB (Sweden), 3D Systems (US), Proto Labs Inc. (US), SLM Solutions (Germany), Materialise (Belgium), ExOne GmbH (Germany), EOS GmbH (Germany), Concept Laser (Germany), Ultimaker (Netherlands) and others.
Further key findings from the report suggest
• Europe is forecasted to grow the largest during the forecast year and is expected to maintain its dominance over the forecast period. Increasing expenditure, rising income levels, low manufacturing costs, rapid product development, and lower competition than mature countries have also amplified market players ' interest in emerging markets.
• The Automotive Additive Manufacturing Market is expected to grow from USD 6.45 Billion in 2018 to USD 11.85 Billion by 2026, at a CAGR of 7.5%. New and improved technologies, government financial support, large - scale application area, rapid low - cost product development and easy custom product development are the main drivers intended to drive the automotive additive manufacturing market.
• On the basis of material-type, the metal segment is expected to hold the largest market share as 3D printing is easy to use in the manufacture of end products (engines, spare parts, other interior and exterior parts).
• While the market continues to focus on prototyping and tooling, by the end of the forecast period, parts production will become the primary revenue opportunity, surpassing prototyping, tooling, hardware and materials.
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Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of technology-type, application-type, material-type and regional analysis.
Technology-Type (Units, Thousands: 2016-2026; and Revenue, USD Million: 2016-2026)
• Multijet Printing (MJP)
• Direct Metal Laser Sintering (DMLS)
• Fused Deposition Modelling (FDM)
• Stereolithography (SLA)
• Selective Laser Melting (SLM)
• Electronic Beam Melting (EBM)
• Laser Metal Deposition (LMD)
• Selective Laser Sintering (SLS)
• Laminated Object Manufacturing (LOM)
• Others
Material-Type (Units, Thousands: 2016-2026; and Revenue, USD Million: 2016-2026)
• Metal
• Polymers
• Ceramics
• Others
Application-Type (Units, Thousands: 2016-2026; and Revenue, USD Million: 2016-2026)
• Prototyping
• Tooling
• R&D & Innovation
• Manufacturing Complex Parts
• Others
Based on the Regions, the market is divided into key geographical regions:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
The report covers macro and micro-economic factors that are anticipated to affect market growth and dynamics. Along with this, the report also offers insights into the social, political, economic, and legal aspects that are anticipated to influence the growth of the market. Moreover, the report provides a thorough analysis of the size in terms of value and volume and offers an accurate forecast of the market growth and expansion.
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Key questions answered in the report:
• What will be the market demand, size, share, and consumption between 2021 to
• What will the growth rate of Automotive Additive Manufacturing Market?
• What was the status of this market during the past years?
• What are the key factors that will drive the Automotive Additive Manufacturing Market?
• 2028?
• What will be the dominant trends and statistics in the market during the forecast period?
• What are the risks, opportunities, and the overview of Automotive Additive Manufacturing Market?
For comprehensive coverage, the report also segments the market based on types, applications, and regions. Analysis of each market segment, along with projections, is offered in the report. The report discusses profitability, gross margins, global demand, sales volume, and growth prospects of each market segment.
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