automotive 3D printing market is anticipated to grow at a considerable CAGR of 20.2% during the forecast period. The growing industrial automation is a major factor driving the growth of the automotive 3D printing market. Moreover, this technology occurs negligible errors as compared to any human-produced automotive vehicle. This technology can also manufacture complex and customized vehicle components with comparatively lesser time. Thus, manufacturers are rapidly adopting this technology for vehicle production. However, the high deployment cost associated with this technology and the requirement for a skilled labor force to operate 3D printers is the major restraining factors for the market in emerging countries.
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The COVID-19 pandemic suspended the manufacturing of automotive vehicles due to lockdown and facility shutdowns. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global production of automotive vehicles in 2020 was down by 16% as compared to the previous year. Additionally, the buyers avoided spending on non-essential, expensive products drastically reducing the sales of automotive vehicles by 12% in 2020. This had drastically reduced the demand for 3D printing in the automotive sector. The market is expected to show a ‘W’ shaped recovery after the COVID-19 situation gets normalized.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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Market Segmentation
Global Automotive 3D Printing Market by Technology
- Stereolithography
- Selective Laser Sintering
- Selective Laser Melting
- Direct Metal Laser Sintering
- Electron Beam Melting (EBM)
- Others
- Fused Disposition Modeling
- Laminated Object Manufacturing
- Three-Dimensional Inject Printing
- Other
Global Automotive 3D Printing Market by Material Type
- Metal
- Polymer
- Ceramic
Global Automotive 3D Printing Market by Application Type
- Production
- Prototyping/R&D
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AMETEK, Inc.
- Autodesk, Inc.
- Desktop Metal, Inc.
- EOS GmbH
- Envisiontec GmbH
- Höganäs AB
- LPW Technology (A subsidiary of Carpenter Additive (U.K.) Ltd.)
- Materialise N.V.
- Moog Inc.
- Optomec, Inc.
- Ponoko Ltd.
- Sandvik AB
- The Exone Co.
- Ultimaker BV
- Voxeljet AG
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive 3D printing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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