Automotive 3D Printing Market Will Hit Big Revenues in Future
HTF Market Intelligence published a new research publication on Automotive 3D Printing Market Insights, to 2028″ with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Automotive 3D Printing market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are Stratasys Ltd. (United States), EOS GmbH (Germany), SLM Solutions Group AG (Germany), Materialise NV (Belgium), 3D Systems Corporation (United States), Concept Laser GmbH (Germany), ExOne Company (United States), Arcam AB (Sweden), Optomec Inc. (United States), Prodways Group (France), EnvisionTEC GmbH (Germany)
According to HTF Market Intelligence, the Global Automotive 3D Printing market to witness a CAGR of 21.74% during forecast period of 2023-2028. The market is segmented by Global Automotive 3D Printing Market Breakdown by Application (Tooling, Jigs, and Fixtures, End-User Customisation and Personalised Parts, Small Batch or On-Demand Production, Research and Development, Others) by Type (Selective Laser Sintering (SLS), Stereo Lithography (SLA), Digital Light Processing (DLP), Electronic Beam Melting (EBM), Selective Laser Melting (SLM), Fused Deposition Modeling (FDM)) by Material (Metal, Nylon, Resin, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Automotive 3D Printing market size is estimated to increase by USD 5 Billion at a CAGR of 21.74% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 2.9 Billion.
Definition:
The Automotive 3D Printing market refers to the application of 3D printing technology in the automotive industry for manufacturing, prototyping, and customization of parts and components used in vehicles. This market includes the use of various 3D printing technologies such as Fused Deposition Modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), and others to produce parts and components for automobiles such as engines, transmissions, chassis, body parts, and interiors. The use of 3D printing technology in the automotive industry can reduce lead times, increase flexibility in design, lower costs, and improve performance and durability. The market includes 3D printing equipment, materials, and services used in the automotive industry.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Automotive 3D Printing Market: Selective Laser Sintering (SLS), Stereo Lithography (SLA), Digital Light Processing (DLP), Electronic Beam Melting (EBM), Selective Laser Melting (SLM), Fused Deposition Modeling (FDM)
Key Applications/end-users of Automotive 3D Printing Market: Tooling, Jigs, and Fixtures, End-User Customisation and Personalised Parts, Small Batch or On-Demand Production, Research and Development, Others
Market Trends:
Increasing Initiatives and Investments by Major Oems
Market Drivers:
Increase in Demand to Reduce Vehicle Weight, Production Cost, and Development Time
Market Opportunities:
Untapped Adjacent Markets for 3D Printing Applications
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