Global 3D printing automotive market is expected to grow at CAGR of 26.6% during the forecast period of 2016-2023
3D printing technology, also called as additive manufacturing (AM), is the process which is used to create a 3D object. In this, layers of material are formed through computer control to create an object. Use of multiple materials for printing, reduction of material wastage, and reduction in costs & time of rapid prototyping are the factors which are driving the market.
However, limited availability, high cost, & standardization issues of 3d printing materials and lack of standardized process control are restraining the market growth. Furthermore, delivering various innovation opportunities and untapped markets for 3D printing applications are creating new opportunity for the market during the forecast period.
Geographically, North America dominates global 3D printing automotive market for the forecast period 2016-2023. Factors such as the declining price of 3D printers, early adoption of technology in the region is driving the market. Asia pacific in automotive 3D printing adoption is expected to record the fastest growing region for the market during the forecast period.
The growth in global 3D printing automotive market is also influenced by the presence of major players, such as 3D Systems Corporation, Autodesk, Arcam AB, Stratasys Inc., Voxeljet AG and others. Product launches, merger & acquisition, partnership, joint venture are some crucial strategies adopted by the major players to gain competitive advantage. Moreover, the automakers such as Elan Motorsports Technologies, Daimler Trucks, EGR, Confederate Motors, Honda and Koenigsegg have fully adopted the 3D printing technology for their automotive production.
3. Market Determinants 3.1. Market Drivers 3.1.1. Use Of Multiple Materials For Printing 3.1.2. Reduction Of Material Wastage 3.1.3. Reduction In Cost & Time Of Rapid Prototyping 3.2. Market Restraints 3.2.1. Expensive 3D Printing Software 3.2.2. Lack Of Standardized Process Control 3.3. Market Opportunities 3.3.1. Increase In Need To Manufacture Complex Designs 3.3.2. Untapped Markets For 3D Printing Applications 3.4. Market Challenges 3.4.1. Lack Of Skilled Professional 3.4.2. Limitations In Prototyping, Printing Speed & Material Composition
4. Market Segmentation 4.1. Global 3D Printing Automotive Market By Technology 4.1.1. Market Definition And Scope 4.1.2. Decision Support Database & Estimation Methodology 4.1.3. Comparative Analysis Across Market Segments 4.1.4. Opportunity Matrix 4.1.5. Market Segmentation 18.104.22.168. Global Stereolithography Market 22.214.171.124. Global Laser Sintering Market 126.96.36.199. Global Electron Beam Melting (Ebm) Market 188.8.131.52. Global Fused Disposition Modeling Market 184.108.40.206. Global Laminated Object Manufacturing Market 220.127.116.11. Global Three Dimensional Inject Printing Market 4.2. Global 3D Printing Automotive Market By Application 4.2.1. Market Definition And Scope 4.2.2. Decision Support Database & Estimation Methodology 4.2.3. Comparative Analysis Across Market Segments 4.2.4. Opportunity Matrix 4.2.5. Market Segmentation 18.104.22.168. Global Prototyping & Tooling Market 22.214.171.124. Global Research, Development & Innovation Market 126.96.36.199. Global Manufacturing Complex Components Market 4.3. Global 3D Printing Automotive Market By Material 4.3.1. Market Definition And Scope 4.3.2. Decision Support Database & Estimation Methodology 4.3.3. Comparative Analysis Across Market Segments 4.3.4. Opportunity Matrix 4.3.5. Market Segmentation 188.8.131.52. Global Metals Market 184.108.40.206. Global Polymer Market
5. Competitive Landscape
6. Geographical Analysis 6.1. Decision Support Database & Estimation Methodology 6.2. Comparative Analysis Across Market Segments 6.3. Opportunity Matrix 6.4. Global 3D Printing Automotive Market By Region 2014-2023 ($ Million)