Monday , December 4 2023

3D Printing Automotive Market Business Strategies, Revenue and Growth Rate Upto 2029

3D Printing Automotive Market size was valued at USD 3.50 Bn. in 2022 and the total revenue is expected to grow at 21.7% of CAGR through 2023 to 2029, reaching USD 13.85 Bn.

3D Printing Automotive Market Overview:

The goal of this research is to provide an overview of the 3D Printing Automotive market as well as detailed market segmentation based on connection type, end-use, and geography. The study contains critical information on the market positions of the leading 3D Printing Automotive players, as well as noteworthy industry trends and opportunities.

The analysis also focuses on the Global 3D Printing Automotive market’s key top industry players, providing information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study examines the 3D Printing Automotive Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This report analyses the entire 3D Printing Automotive Market Size from a global perspective by analyzing historical data and prospects.

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3D Printing Automotive Market Scope:

The report also focuses on the leading industry players in the Global 3D Printing Automotive market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.

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3D Printing Automotive Market Dynamics:

Industrial 3D printing software makes car model creation, prototyping, testing, and production more efficient. Designers can use the programme to produce printable designs, which is the first and most significant stage in creating 3D-printed automotive parts. MMR predicts that 3D printing for automobile parts will be a game changer in the industry. The worldwide automotive 3D printing market is predicted to rise from USD 3.50 billion in 2022 to USD 11.50 billion by 2029, driven by increased demand for 3D printing technology and strong investments by OMEs in 3D automotive printing.

3D Printing Automotive Market Segmentation:

by Application
Prototyping & Tooling
Research, Development & Innovation
Manufacturing Complex Components

by Technology
Stereolithography (SLA)
Selective Laser Sintering (SLS)
Electron Beam Melting (EBM)
Fused Deposition Modeling (FDM)
Laminated Object Manufacturing (LOM)
Three-Dimensional Inject Printing

By application, the prototyping and tooling sector is expected to have the biggest market share. The category has continuously expanded throughout the years and will continue to expand in the future. The prototype’s speedy production, relatively simple process, cost savings, filament options, adaptability to design changes, and reduced waste are the primary reasons for this. Prototypes currently require the shortest feasible lead times as well as the least amount of expense and waste when compared to past practises. Because only the final CAD design is provided for printing, adjustments to the design can be made at any moment. Prototypes may now be produced utilising multiple materials and tested on varied criteria and situations because there are more filament materials to pick from.

Based on technology, stereolithography held a significant market share in the worldwide 3D printing market and is likely to continue dominating during the forecast period.One of the most popular and frequently utilised additive manufacturing techniques is stereolithography, generally known as SLA 3D printing. Laser radiation is utilised to harden liquid resin held in a reservoir, allowing the desired 3D shape to be created. A low-power laser and photopolymerization work together to form solid plastic layers within photosensitive liquid layers. Because of its capacity to manufacture high-precision, waterproof, and exact prototypes, parts, and components from a wide range of advanced materials with smooth surfaces, this type of 3D printing, also known as resin 3D printing, has increased in popularity.

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3D Printing Automotive Market Key Players:

Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the 3D Printing Automotive market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide 3D Printing Automotive industry.

1. 3D Systems Corporation (US)
2. Autodesk, Inc. (US)
3. Envisiontec Inc. (US)
4. Polymaker (US)
5. Ponoko Ltd (US)
6. Webcrawler (US)
7. Local Motors Materialise Nv (US)
8. Optomec Inc. (US)
9. Exone (US)
10. Chizel Prints Manufacturing Pvt. Ltd (US)
11. Desktop Metal, Inc. (US)
12. General Electric Company (US)
13. AI Design. (US)
14. EOS GmbH (Germany)
15. Concept Laser (Germany)
16. Materialise NV (Belgium)
17. Ultimaker BV (Netherlands)
18. Arcam Ab (Sweden)
19. Hoganas Ab (Sweden)
20. Gearbest (Italy)
21. Sanya Si Hai (India)
22. Stratasys Inc. (Israel)
23. Voxeljet Ag (Germany)
24. XEV (UK)
25. Hanhook Tires (South Korea)

Regional Analysis:

The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the 3D Printing Automotive market in these regions.

COVID-19 Impact Analysis on 3D Printing Automotive Market:

As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the 3D Printing Automotive market and will help you build your business in compliance with the new industry standards.

Key Questions Answered in the 3D Printing Automotive Market Report are:

  • What will be the CAGR of the 3D Printing Automotive market during the forecast period?
  • Which segment emerged as the leading segment in the 3D Printing Automotive market?
  • Which are the prominent players in the 3D Printing Automotive market?
  • What will be the 3D Printing Automotive market size by 2027?
  • Which company held the largest share in the 3D Printing Automotive market?

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