Market Research Report
Global Automotive 3D Printer Market, By Technology, By Application, By Region, Competitional Forecast and Opportunity, 2017-2027
|Global Automotive 3D Printer Market, By Technology, By Application, By Region, Competitional Forecast and Opportunity, 2017-2027|
Published: April 1, 2022
Content info: 110 Pages
Delivery time: 2-3 business days
The global automotive 3D printer market is expected to grow at a significant rate during the forecast period. The growth can be attributed to the rising development of lightweight automobile parts utilizing 3D and high capital investments in automotive technology by market players. Besides, the increasing need to develop lightweight and fuel-efficient vehicles and stringent measures by the government regarding automobiles and auto parts are expected to propel the growth of the global automotive 3D printer market in the coming years. Moreover, an increasing number of collaborations of leading 3D printing companies with automotive OEMs and the rising penetration of electric vehicles are fueling the growth of the global automotive 3D printer market. Increasing purchasing capacity of consumers and shifting consumer preferences to develop advanced technologies are anticipated to drive the growth of the global automotive 3D printer market. Automotive OEMs are actively using 3D printing technologies for new product innovation and rapid prototyping, which is anticipated to propel the demand for the growth of the automotive 3D printer market. Ongoing technological advancements to improve the overall functioning of vehicles and enhance convenience for drivers and passengers are contributing to the increased application of 3D printing in the automotive sector. However, lack of skilled labor and high initial costs are expected to hamper the growth of the automotive 3D printer market in the coming years.
The global automotive 3D printer market is segmented based on technology, application, regional distribution, and company. Based on the technology, the global automotive 3D printer market is divided into stereolithography, fused disposition modelling, selective laser sintering, laminated object manufacturing, three-dimensional inject printing, and others. Selective Laser Sintering (SLS) technology is expected to hold the largest share in the automotive 3D printer market owing to its increased use in automotive, aerospace tooling, biomedical, and architecture. Besides, SLS technology-based 3D printing helps create more durable prototypes compared to other technologies, which is boosting its growth in the global automotive 3D printer market.
Major players operating in the global automotive 3D printer market are 3D Systems Corp., Formlabs Inc., Markforged, Inc., Zortrax S.A., Ultimaker BV, etc. Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
In this report, global automotive 3D printer market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Fused Disposition Modelling
Selective Laser Sintering
Laminated Object Manufacturing
Three Dimensional Inject Printing
Prototyping & Tooling
Manufacturing Complex Components
Research, Development & Innovation
Europe & CIS
Middle East & Africa
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global automotive 3D printer market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
Company Profiles: Detailed analysis of the major companies present in global automotive 3D printer market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: