Global 3D Printing Material Automotive Market Forecast 2017-2024
In 2013 world witnessed its first ever fully-3d printed car ‘Urbee’ and the potential of additive manufacturing popularly known as 3D Printing with respect to Global Automotive Market came to the fore once again. As a useful technology, 3D printing has been around for 3 decades now. But time has come to utilize the potential of this flourishing technology to the fullest.
Till now automotive industries were considering 3D printing for limited usage only e.g. For rapid prototyping, tooling, generating customized objects and complex geometries. Mass production incapability, standardization issues, High costs and low availability of 3-D printers were the few roadblocks in the way of accepting this technology with all its might.
As compared to traditional manufacturing processes AM can produce components with fewer design restrictions. Furthermore lower handling cost, as well as lower inventory cost, decentralized production, a wider range of amenable materials, improved product quality and reduced post-processing, are some other compelling driving forces to opt for this technology over traditional ones.
Maximize Market Research has carried out extensive research about the current Global 3D Printing Material Automotive Market outlook as well as the assuring future of the technology in the sector. Research report comprehensively analyses an automobile industry since its beginning and pinpoints the changing trends in manufacturing sector throughout the course of time. Further, it gives a studied commentary over technological transformations in the industry over the period of the time. It highlights the inefficiency and low productivity of traditional manufacturing practices and advocates adaptation of newer technologies especially 3D printing as a promising alternative.
Importantly, the report delivers forecasts of the market, giving you an insight into the future opportunities that exist in the Global 3D Printing Material Automotive Market. The driving forces, as well as considerable restraints, have been explained in depth. The Global 3D printing automotive market is expected to reach $3547 million by 2024 from 2016 value of $732 million, growing at CAGR 21.8%. Report segments the market by Technology, Input Material, Applications, and Regions. Providing the comprehensive analysis of ecosystem of industry, which will be useful to make the informed strategic decision to the stakeholders in the industry.
Global 3D Printing Material Automotive Market Segments:
This study also acknowledges major game changers in Global 3D Printing Material Automotive Market and analyses the future prospects in great detail.
Major leading automakers like Toyota, Ford, Mercedes-Benz are adopting AM technology to produce essential machine parts, which shows the signs of a favorable change in the Global 3D Printing Automotive Market…The manufacturing world is at the doorstep of next industrial revolution and it will not be a surprise that 3D Printing has to play a pivotal and decisive role in it.
Click the link to read the report description and Table of Content of the 3-D Printing Automotive Market Analysis and Forecast 2014.