3D Printing Automotive Market: Industry Analysis and Forecast (2022-2029) by Application Type, by Technology type

3D Printing Automotive Market size was valued at USD 2.38 Bn. in 2021 and the total revenue is expected to grow at 21.7% of CAGR through 2022 to 2029, reaching USD 11.50 Bn.

3D Printing Automotive Market Overview:

Industrial 3D printing software allows more efficient car model design, prototyping, testing, and production. The software allows designers to create printable designs, which are the first and most important step in creating 3D-printed automobile parts. According to MMR 3D printing for automotive parts is expected to become a game changer in the industry. The global automotive 3D printing market is expected to grow from USD 2.38 Bn in 2021 to USD 11.50 Bn by 2029, with the demand for 3D printing technology and high investments of OMEs toward 3D automotive printing boosting the market.

Market Scope

The report includes detailed analyses of the 3D Printing Automotive Market and its segments such as, application type, technology type, and region. Also, the report includes market trends, restraints and opportunities and the key players with their capabilities and capacities in the competitive landscape. The report is a combination of primary and secondary data sources and a bottom-up approach has been used to collect the data to analyse it and estimate the total market size by region. The secondary sources provided in the report include annual reports, investor presentations, financial statements, trade, business, and manufacturing associations, government sources by each country and paid database. Primary interviews have been conducted with key players, industry experts and consultants across the regions. after acquiring knowledge about the 3D Printing Automotive market with the help of secondary research. Several primary interviews have been conducted with market experts from both, demand- and supply-sides across major countries in North America, Europe, the Middle East, and the Asia Pacific. The primary data has been collected through surveys, emails, and telephone interviews. 3D Printing Automotive MarketTo know about the Research Methodology :- Request Free Sample Report

3D Printing Automotive Market Dynamics:

3D Printing Investment by OMEs May transform the Value Chain

3D printing in the automotive industry is assisting OEMs in lowering costs and producing cost-effective auto parts in less time. Even though implementing this new technology is difficult at first, OEMs have seen a positive impact on their manufacturing process and end products. As a result, OEMs have increased their investments in 3D printing and made it a critical component of their manufacturing process. Companies are heavily investing in R&D, which is fueling the growth of the 3D printing market. Various technological advances in 3D printing techniques and materials over the last two decades have paved the way for new technologies that enable the production of a variety of custom products. Industry leaders such as Stratasys (Israel) and 3D Systems (US) have made significant investments in 3D printing technology, which gives them a competitive advantage. Several start-ups and small businesses are investing in research and development for automotive 3D printing technologies in order to introduce new and innovative technologies. Biomedical Modeling (US), SLM Solutions GmbH (Germany), Xilloc Medical BV (Netherlands), Surgival Group (Spain), GPI Prototype (US), and 3T RPD are some of these players (UK). The introduction of new 3D printing technologies and materials would open up new application areas and increase 3D printing's penetration in a variety of industries. R&D is primarily concerned with improving and expanding the capabilities of existing technologies, as well as related software and materials, to achieve high accuracy and efficiency. Companies are also working to create more affordable products as well as software system that is universally compatible and user-friendly for 3D printing applications. From 2021 to 2029, the factor would have a significant impact. 3D Printing Automotive Market

Technological barriers to wider adoption

The majority of mass-produced metal products are still made via conventional manufacturing because it is more practical and better suited to high-volume production. Current 3-D printing technology also has significant limitations. Parts larger than 30 cm2 are difficult to produce with current 3-D printers, and most printers do not allow for the mixing of materials within the same item. Despite the fact that some 3-D printer manufacturers have announced successful experiments in material mixing during printing, no such printer is currently commercially available. All of these flaws are, of course, the subject of extensive research at all levels of the value chain. The high cost of printers and metal powder is the most significant barrier to 3-D printing becoming feasible in large-scale production. Present-day powder production is inefficient, in part because it is small-scale and in part because only 50% of the atomized powder is of sufficient quality. The irregular and inconsistent particle size is the primary cause of this low yield rate. The majority of existing powder atomizers produce powders that are too coarse for many applications. The industry is working to improve yield rates, which will help lower total costs and increase the output of 3-D printing processes. Some precious metals manufacturers' tests indicate that yield rates of more than 90% are possible and anticipate that metal powder costs will fall in the near future. Printer prices are also falling, a trend that will be aided by the technology's wider adoption.  

Untapped Adjacent Market Creates new Opportunity in 3D Printing Market

The evolution of 3D printing applications from rapid prototyping to direct digital manufacturing (DDM) of products has sparked interest in the potential applications of 3D printing technologies in fields as diverse as healthcare, consumer goods, and automotive. 3D printing has significant commercial potential and will have a significant impact on a variety of industries, including aerospace and medicine, with more customized and sophisticated applications expected in the near future.

3D Printing Automotive Market Segment Analysis:

By Application, Prototyping and tooling segment is to register the largest share in the market. The segment has grown steadily over the years and will continue to grow in the future. The main reasons for this are the prototype's quick production, relatively simple process, cost reduction, filament options, adaptability to design changes, and reduced waste. In comparison to traditional practices, prototypes now require the shortest possible lead times as well as the least amount of expense and waste. Because only the final CAD design is sent for printing, design changes are possible at any time. Because there are more filament materials to choose from, prototypes can now be made using different materials and tested on different criteria and environments. Based on Technology, Stereolithography held a major market in the global 3D printing market and it is expected to dominate in the forecast period. Stereolithography, also known as SLA 3D printing, is one of the most popular and widely used additive manufacturing techniques. Laser energy is used to harden liquid resin stored in a reservoir, allowing for the creation of the desired 3D shape. Photopolymerization and a low-power laser work together to create solid plastic layers within photosensitive liquid layers. This type of 3D printing, also known as resin 3D printing, has grown in popularity due to its ability to create high-precision, watertight, and precise prototypes, parts, and components from a wide range of advanced materials with smooth surfaces. Companies such as Gillette, for example, use SLA 3D printing to develop consumer products such as 3D-printed razor handles as part of their Razor Maker platform. 3D Printing Automotive Market

3D Printing Automotive Market Regional Insights:

North America is expected to have the largest share of the global 3D printing market in 2022, owing to continuous technological advancements in this field and the region's hundreds of carmakers. Europe is expected to lead the 3D printing market and has the fastest-growing 3D printing market. The primary reason for this is that leading automotive manufacturers use additive manufacturing extensively for R&D purposes such as prototyping and fixtures. The cost-effectiveness of 3D printing in R&D is the most important factor. Polymers printed by 3D printers can be recycled for maximum efficiency. The United States is expected to dominate the North American automotive 3D printing market. Because the United States produces a large number of ICE vehicles and is rapidly developing electric vehicles, there is a high demand for 3D-printed parts. The United States is expected to lead the plastic 3D printing market. The presence of hundreds of carmakers in the country necessitates the use of plastic additive manufacturing technology for R&D and components such as interior trims, dashboards, and exterior components. As per MMR research the automotive 3D printing market dominates by a few globally established companies such as Stratasys (Israel), 3D Systems, Inc. (US), EOS (Germany), Arcam AB (Sweden), Renishaw plc. (UK), HP (US), Materialise (Belgium). These companies have adopted strategies such as new product development, expansion, mergers, and joint ventures to gain traction in the 3D printing market. The objective of the report is to present a comprehensive analysis of the 3D Printing Automotive Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

3D Printing Automotive Market Scope: Inquire before buying

3D Printing Automotive Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.38 Bn.
Forecast Period 2022 to 2029 CAGR: 21.7% Market Size in 2029: US $ 11.50 Bn.
Segments Covered: by Application • Prototyping & Tooling • Research, Development & Innovation • Manufacturing Complex Components • Other
by Technology • Stereolithography (SLA) • Selective Laser Sintering (SLS) • Electron Beam Melting (EBM) • Fused Deposition Modeling (FDM) • Laminated Object Manufacturing (LOM) • Three-Dimensional Inject Printing • Others

3D Printing Automotive Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

3D Printing Automotive Market Key Players

• 3D Systems Corporation • Autodesk, Inc. • Desktop Metal, Inc. • EOS GmbH • General Electric Company • Materialise NV • Ultimaker BV • Arcam Ab • Chizel Prints Manufacturing Pvt. Ltd • Concept Laser • Envisiontec Inc. • Exone • Gearbest • Hoganas Ab • Local Motors Materialise Nv • Optomec Inc. • Polymaker • Ponoko Ltd • Sanya Si Hai • Stratasys Inc. • Voxeljet Ag • Webcrawler • XEV • Hanhook Tires • AI Design. Frequently Asked Questions: 1. What is the forecast period considered for the 3D Printing Automotive Market report? Ans. The forecast period for the 3D Printing Automotive Market is 2021-2029. 2. Which key factors are hindering the growth of the 3D Printing Automotive Market? Ans. Technological barriers to wider adoption of 3D printing. 3. What is the compound annual growth rate (CAGR) of the 3D Printing Automotive Market for the forecast period? Ans. 21.7 % of CAGR is the annual growth rate of 3D printing Automotive Market for the forecast period. 4. What are the key factors driving the growth of the 3D Printing Automotive Market? Ans. 3D Printing Investment by OMEs Driving the growth of 3D printing Market. 5. Which are the worldwide major key players covered for the 3D Printing Automotive Market report? Ans. Stratasys Inc., Voxeljet Ag, Webcrawler, Ultimaker, XEV, Hanhook Tires, AI Design.
1. 3D Printing Automotive Market: Research Methodology 2. 3D Printing Automotive Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to 3D Printing Automotive Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. 3D Printing Automotive Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. 3D Printing Automotive Market Segmentation 4.1. 3D Printing Automotive Market, by Technology (2021-2029) • Prototyping & Tooling • Research, Development & Innovation • Manufacturing Complex Components • Other 4.2. 3D Printing Automotive Market, By Application (2021-2029) • Stereolithography (SLA) • Selective Laser Sintering (SLS) • Electron Beam Melting (EBM) • Fused Deposition Modeling (FDM) • Laminated Object Manufacturing (LOM) • Three-Dimensional Inject Printing • Others 5. North America 3D Printing Automotive Market (2021-2029) 5.1 North American 3D Printing Automotive Market, By Technology (2021-2029) • Prototyping & Tooling • Research, Development & Innovation • Manufacturing Complex Components • Other 5.2 North America 3D Printing Automotive Market, By Application (2021-2029) • Stereolithography (SLA) • Selective Laser Sintering (SLS) • Electron Beam Melting (EBM) • Fused Deposition Modeling (FDM) • Laminated Object Manufacturing (LOM) • Three-Dimensional Inject Printing • Others 5.3 North America 3D Printing Automotive Market, by Country (2021-2029) • United States • Canada • Mexico 6. European 3D Printing Automotive Market (2021-2029) 6.1. European 3D Printing Automotive Market, By Technology (2021-2029) 6.2. European 3D Printing Automotive Market, By Application (2021-2029) 6.3 European 3D Printing Automotive Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific 3D Printing Automotive Market (2021-2029) 7.1. Asia Pacific 3D Printing Automotive Market, By Technology (2021-2029) 7.2. Asia Pacific 3D Printing Automotive Market, By Application (2021-2029) 7.3. Asia Pacific 3D Printing Automotive Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa 3D Printing Automotive Market (2021-2029) 8.1. Middle East and Africa 3D Printing Automotive Market, By Technology (2021-2029) 8.2. Middle East and Africa 3D Printing Automotive Market, By Application (2021-2029) 8.3. Middle East and Africa 3D Printing Automotive Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America 3D Printing Automotive Market (2021-2029) 9.1. South America 3D Printing Automotive Market, By Technology (2021-2029) 9.2. South America 3D Printing Automotive Market, By Application (2021-2029) 9.3 South America 3D Printing Automotive Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 3D Systems Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Autodesk, Inc. 10.3 Desktop Metal, Inc. 10.4 EOS GmbH 10.5 General Electric Company 10.6 Hoganas AB 10.7 Materialise NV 10.8 Stratasys, Ltd. 10.9 Ultimaker BV 10.10 Voxeljet AG 10.11 Arcam Ab 10.12 Chizel Prints Manufacturing Pvt. Ltd 10.13 Concept Laser 10.14 Envisiontec Inc. 10.15 Eos GmbH 10.16 Exone 10.17 Gearbest 10.18 Hoganas Ab 10.19 Local Motors Materialise Nv 10.20 Optomec Inc. 10.21 Polymaker 10.22 Ponoko Ltd 10.23 Sanya Si Hai 10.24 Stratasys Inc. 10.25 Voxeljet Ag 10.26 Webcrawler 10.27 Ultimaker 10.28 XEV

About This Report

Report ID 9760
Category Automotive and Transportation
Published Date Sept 2022
Updated Date
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