PUBLISHER: Markets & Data | PRODUCT CODE: 1378162
PUBLISHER: Markets & Data | PRODUCT CODE: 1378162
Automotive 3D Printing Market Assessment, By Technology, By Material, By Vehicle Type, By Application, By Region, Opportunities and Forecast, 2018-2030F
Global automotive 3D printing market size was valued at USD 2.2 billion in 2022, expected to reach USD 8.45 billion in 2030, with a CAGR of 18.32% for the forecast period between 2023 and 2030. The automotive industry increasingly adopts additive manufacturing or 3D printing for various purposes, including prototyping, tooling, and producing end-use components. The technology offers design flexibility and lead times, contributing to increased vehicle efficiency and structural integrity. As fuel efficiency and emissions become more important, 3D printing has produced lightweight components, enhancing vehicle efficiency. Additionally, 3D printing allows automakers to customize automotive components, particularly interior parts, allowing customers to personalize their vehicles. As automotive giants introduce updated versions of 3D printers, the market is becoming more future-oriented with such developments.
The largest European automotive manufacturer, Volkswagen Group, has recently procured a second 3D printer system from Additive Industries, a Netherlands-based metal 3D printing manufacturer. The acquisition represents a substantial investment in advancing parameter development and has been further bolstered with the integration of MetalFAB's powder load tool and powder recovery station, designed for maximum efficiency and waste reduction. The system is furnished with full-field laser technology and automated build change capabilities, enabling a high level of productivity, and streamlining operations. Volkswagen has opted to expand its lineup of MetalFAB systems due to the printer's remarkable automation features, eliminating manual processes and enhancing safety.
Advent of Lightweight Concept Cars with Topology Optimization to Garner Market Growth
In addition to expediting the development of products, 3D printing plays a pivotal role in attracting new business. Many customers rely on this technology as it provides access to cutting-edge capabilities and the ability to manufacture components with the latest materials. One of the most notable advantages of 3D printing is its capacity to reduce the weight of vehicles. It is achieved by creating lightweight structures, which can be incorporated into various vehicle parts, ranging from interior panels to brackets and engine components. The reason being, 3D printing eliminates the necessity for subtractive manufacturing processes, which often result in overly engineered and heavier components instead, parts built layer by layer. This process permits the fabrication of intricate, optimized, lightweight designs. Furthermore, 3D printing empowers designers to employ computer algorithms to fashion components with precisely the right amount of material in the correct locations, resulting in lightweight and exceptionally durable components.
In August 2022, Czinger Vehicles, a company specializing in electric hypercars manufacturing using the Divergent Adaptive Production System (DAPS), introduced a 3D-printed gearbox case designed for the automotive sector. Czinger, renowned for crafting electric hypercars through the DAPS assembly approach, partnered with Xtrac, a UK-based automotive engineering company, to develop its pioneering gearbox case.
AI's Transformative Role in 3D Printing: Enhancing Design, Quality Control, and Efficiency
Artificial intelligence (AI) algorithms can generate and enhance intricate 3D designs. By considering various factors like material strength, mass, and the constraints of manufacturing, AI can produce innovative and efficient designs that might be challenging for human designers to envision. AI can recommend the most suitable materials for 3D printing, considering the specific requirements of automotive components, such as strength, durability, or heat resistance. AI-driven computer vision systems are capable of inspecting 3D-printed components in real-time. These systems are effective at identifying defects, deviations from design specifications, and surface irregularities, ensuring the quality and reliability of 3D-printed parts. Additionally, AI can monitor and predict maintenance needs for 3D printers, thereby reducing downtime and optimizing printer performance.
In February 2023, Czinger Vehicles accomplished the remarkable feat of getting robots to construct a hypercar. This groundbreaking achievement marked the creation of the first hypercar, which was designed and manufactured using artificial intelligence and 3D printing technology in Scottsdale. This groundbreaking hypercar is anticipated to have a price tag of USD 2 million. The vehicle's design was driven by artificial intelligence, and robotic systems orchestrated its assembly. Experts regard this innovative development as a glimpse into the future of hypercars.
Government-Supported Innovation: Boosting 3D Printing Technology with Funding and Collaborative Initiatives
Governments financially support universities, research institutes, and companies developing 3D printing technologies. They establish technology accelerators and incubators to provide resources, mentorship, and financial assistance for startups and companies. The funding stimulates innovation and accelerates industry progress through grants, subsidies, or R&D tax exemptions.
In May 2022, the United States government launched the Additive Manufacturing (AM) Forward program to expand the additive manufacturing industry in the country. The program is set to involve the government and prominent multinational corporations in providing financial support to a range of 3D printing projects, small and medium-sized enterprises (SMEs), and other businesses. The federal government is executing the AM Forward program in collaboration with the Non-Profit Applied Science and Technology Research Organization. The federal government is partnering with initial program participants like GE Aviation and Honeywell, along with major corporations including Lockheed Martin, Raytheon, and Siemens Energy, to drive initiatives promoting additive manufacturing in the United States.
Prototyping and Tooling Spearheads Industry Advancements with Government Support
The prototyping and tooling sector is set to dominate the market due to the rapid production of 3D printed prototypes, which accelerates time to market in the competitive automotive industry. This cost-effective method simplifies the iterative design process, allowing engineers to make multiple modifications and conduct multiple tests on parts, leading to improved designs and enhanced performance. The federal government is collaborating with early participants in the AM Forward program to promote additive manufacturing within the country.
In January 2023, Toyota, a renowned Japanese automotive multinational, disclosed how their adoption of Zortrax's 3D printing technology had streamlined their vehicle assembly processes. Toyota has harnessed Zortrax's M-Series 3D printing solutions to enhance its prototyping and tooling procedures. The integrated farm management software has made it well-suited for large-scale implementation. The system's compatibility with external filaments has extended its applications to various domains, including solar energy prototyping, and creating costumes inspired by the Cyberpunk genre.
North America Takes the Wheel: Leading the Global Automotive 3D Printing
Impact of COVID-19
Impact of Russia-Ukraine War
Key Player Landscape and Outlook
Table of Contents
1. Research Methodology
2. Project Scope & Definitions
3. Impact of COVID-19 on Global Automotive 3D Printing Market
4. Impact of Russia-Ukraine War
5. Executive Summary
6. Voice of Customer
- 6.1. Brand
- 6.2. Printing Material
- 6.3. Build Quality
- 6.4. Printing Speed
- 6.5. Material Compatibility
- 6.6. Connectivity and Software Integration
7. Global Automotive 3D Printing Market Outlook, 2018-2030F
8. Global Automotive 3D Printing Market Outlook, By Region, 2018-2030F
9. Market Mapping, 2022
10. Macro Environment and Industry Structure
11. Market Dynamics
12. Key Players Landscape
13. Pricing Analysis
14. Case Studies
15. Key Players Outlook
16. Strategic Recommendations
17. About United States & Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Automotive 3D Printing Market, By Value, In USD Billion, 2016-2030F
- Figure 2. Global Automotive 3D Printing Market, By Volume, In Thousand Units, 2016-2030F
- Figure 3. Global Automotive 3D Printing Market Share, By Technology, In USD Billion, 2016-2030F
- Figure 4. Global Automotive 3D Printing Market Share, By Material, In USD Billion, 2016-2030F
- Figure 5. Global Automotive 3D Printing Market Share, By Vehicle Type, In USD Billion, 2016-2030F
