3D Printing in Automotive
Market Overview
The 3D
printing in automotive market is projected to grow at a CAGR of 26.2% during the forecast
period. As per the 3D printing in automotive market research report, the global
market for 3D printing in automotive is anticipated to grow by US$2,512.3
million by 2023. As per analysts, mounting capital investment in automotive
technology as well as the focus on light weight vehicles will drive the market
growth throughout the forecast period.
The 3D printing in
automotive market research report provides an in-depth analysis of the global
3D printing in automotive market and its material, technology, and applications
segments. The lack of skilled labor as well as low investment are the factors
which could affect the 3D printing in automotive market growth till 2023. The
3D printing in automotive market research report by expert analysts is intended
to help companies in the automotive industry.
3D Printing Market Industry News
As part
of an innovative move to make customization for their vehicles more affordable,
MINI, a UK car manufacturer owned by the BMW, launched the first MINi Your
Personalized Service in late 2017. For MINI models in Europe and other major
markets, the revolutionary service, which relied in part on 3D printing to
build its personalized features, was launched in 2018. The tailored features
(on an intuitive online platform) for a MINI customer included LED sills, door
projectors, interior trimesters as well as side scuttles (aka indicator
inlays). Customers had the choice of different colors and they could choose to
customize their MINI with a signature or a theme.
3D Printing Market
Segmentation
The global 3D printing in
automotive market has been segmented based on material, technology, and
applications. On the basis of material, the market for 3D printing in
automotive is segmented based on metal, alloys and others. Additionally, the
market on the basis of technology, is segmented into electron beam melting,
laminated object manufacturing, laser sintering, stereolithography (SLA), and
others. The global market for 3D printing in automotive is also covered based
on applications segment which is further split into manufacturing, R&D
activities, prototyping and tooling, and others.
Key influences such as lack
of well-developed infrastructure and unfavorable policies could obstruct
the 3D printing in automotive market growth. However, as per the 3D printing in
automotive market research report, surge in demand as well as technological
innovations will drive growth during the forecast period.
A huge automotive spending
and macro economical and governing factors are said to be the key growth
factors which will help support the market growth at a CAGR of 26.2%. The
segmental analysis of material, technology, and applications segments as well
as regional market analysis has been presented in the global 3D printing in
automotive market research report. Analysts studying the 3D printing in
automotive market have presented projections in the 3D printing in automotive
market research report assisting 3D printing in automotive market-based
companies in numerous ways. The 3D printing in automotive market research
report offers crucial details about the 3D printing in automotive market based
on the data and forecasts till 2023.
3D Printing Market Regional
Overview
North America,
Asia-Pacific, Europe and Rest of the World regional market for 3D printing in
automotive are primarily covered in the global 3D printing in automotive market
research report. The report also covers country-level markets spread across
North America – the United States, Canada, and Mexico. In South America –
Brazil and other country-level 3D printing in automotive markets are covered in
the report.
In Asia-Pacific (APAC)
region, the country-level 3D printing in automotive markets covered are China,
India, Japan, and others. The 3D printing in automotive market research report
also covers the regional market for 3D printing in automotive spread across
European countries including the United Kingdom, France, Italy, Spain, and
Germany, etc. The 3D printing in automotive market research report further
explores other regional markets from the rest of the world including 3D
printing in automotive markets of the Middle East and Africa. As per the global
3D printing in automotive market research report.
Competitive Landscape
Focus on light weight
vehicles is expected to accelerate the 3D printing in automotive market growth
worldwide. The global 3D printing in automotive market is set to witness
challenges including lack of expertise, however, companies in the 3D printing
in automotive market will sustain the growth rate. The 3D printing in
automotive market research report also offers company profiles of key players
operating in the 3D printing in automotive market around the world.
Additionally, the global 3D
printing in automotive market report provides detailed analysis of the market
based on primary and secondary research data collected from the 3D printing in
automotive market’s key decision makers as well as stakeholders. The 3D
printing in automotive market research report covers all such factors assisting
companies in the 3D printing in automotive market to improve their plans and
portfolio.
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