PUBLISHER: Orion Market Research | PRODUCT CODE: 1215749
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215749
Title:Global Automotive 3D Printing Market Size, Share, and Trends Analysis Report, by Technology (Stereolithography, Selective Laser Sintering (Selective Laser Melting and Direct Metal Laser Sintering), Electron Beam Melting (EBM), and Others (Fused Disposition Modeling, Laminated Object Manufacturing, and Three-Dimensional Inject Printing), by Material Type (Metal, Polymer, and Ceramic), and by Application Type (Production and Prototyping/R&D) Forecast Period (2022-2028).
The global automotive 3D printing market is anticipated to grow at a considerable CAGR of 20.2% during the forecast period. The rising R&D activities with the rising public-private investment for the development of the more efficient automotive vehicle is one of the major factors driving the growth of the automotive 3D printing market globally. According to Invest India, the automotive R&D in the country represents 40% of the overall automotive research globally. The automotive manufacturers of the country received around $5.45 billion in investment for R&D activities in 2020. This report will further analyze all the primary as well as secondary factors that are directly or indirectly impacting the growth of the market.
The global automotive 3D printing market is segmented based on technology, material type, and application type. Based on the technology, the market is segmented into stereolithography, selective laser sintering (selective laser melting and direct metal laser sintering), electron beam melting (EBM), and others (fused disposition modeling, laminated object manufacturing, and three-dimensional inject printing). Based on the material type, the market is sub-segmented as metal, polymer, and ceramic. Based on the application type, the market is segmented into production and prototyping/R&D. The above-mentioned segments can also be customized as per the requirements.
Geographically, the global automotive 3D printing market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The market can also be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region holds the major share in the automotive 3D printing market, followed by North America and Europe. The shifting automotive industry from conventional vehicles to electric vehicles is generating tremendous opportunities for market expansion with supportive government initiatives.
The major companies serving the global automotive 3D printing market include 3D Systems, Inc., Voxeljet AG, Stratasys Ltd., Autodesk, Inc., The Exone Co., Hoganas AB, Carpenter Additive (U.K.) Ltd., Materialize N.V., Arcam AB, 3D Systems Corp., and EOS GmbH, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Bugatti Automobiles developed the first eight-piston monobloc brake caliper globally by using 3D printing technology in January 2018.
Research Methodology
The market study of the global automotive 3D printing market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: