Market Research Report
Automotive 3D Printing Market by Component (Technology, Material, and Services), Application, Propulsion : Global Opportunity Analysis and Industry Forecast, 2021-2030
|Automotive 3D Printing Market by Component (Technology, Material, and Services), Application, Propulsion : Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: February 27, 2022
Allied Market Research
Content info: 270 Pages
Delivery time: 2-3 business days
3D printing process comprises manufacturing of part or object, layer by layer from a computer aided design (CAD) model. Automotive 3D printing is based on additive manufacturing process, involving layer-by-layer deposition of materials. Different types of materials such as polymers, metals, and ceramics are utilized in 3D printing process. The ease of printing complex parts with high degree of precision drives the adoption of 3D printing in the automotive industry.
The utilization of materials such as polymers and metals is done in an efficient manner with no excess material wastage. 3D printing is utilized to produce smaller and more complex products. With the emergence of electric vehicle, the demand for lighter, stronger, smaller, and more complex automotive parts has been rising. 3D printing technologies are capable of fulfilling such demand with reduction in production time and cost.
Growth in need to reduce vehicle weight, increase in use of 3D printing for quick prototyping & development of complex parts, and greater demand for customized automotive parts are the factors that drive the growth of the market. However, high initial cost and lack of expertise & skilled labors are factors that hamper the growth of the market. Increased investments on R&D and technological advancements are expected to accelerate the growth of this market.
The report segments the automotive 3D printing market on the basis of component, application, propulsion, and region. The component segment provides insights into technology, material, and services. The technology segment is further divided into material extrusion, powder bed fusion, vat photopolymerization, material jetting, direct energy deposition, and binder jetting. The material segment is further categorized into polymers, metals, and others. The application segment included in the report covers prototyping, tooling, jigs & fixtures, end-use parts, and others. The propulsion segment has been divided into ICE vehicles, electric vehicles. Moreover, it summarizes the details about revenue generated across regions such as North America, Europe, Asia-Pacific, and LAMEA.