3D Printing in Automotive Market

The report offers detailed coverage of 3D Printing in Automotive industry and main market trends. 3D printing, also known as additive manufacturing, is the process of producing three dimensional objects from a digital file using a printing machine. This process involves laying down successive layers of material until the entire object is built. 3D printing is being adopted across industries such as automotive, defense, and aerospace. The increasing adoption of 3D printing is attributed to its various advantages, which include innovative designing, high adaptability levels, less time to market, and the ability to manufacture parts without expensive tooling.
One of the main drivers of 3D printing in the automotive market is supply chain optimization. 3D printing dramatically improves market responsiveness of automobile companies to changing customer tastes and preferences. It enables them to produce multiple product variations with very little cost increase. It substantially reduces scrap, material usage and helps manufacturers reduce their carbon footprint. This is absolutely critical for an industry which unfortunately creates too much of both air and noise pollution. Greater pressure put on companies by the government to go green will also spur adoption of 3D printing in the automotive market. Intense competition amongst manufacturers to create lighter, smarter and more fuel efficient vehicles will also play a major role for implementing 3D printing in the automotive market. 3D printing helps companies create customer specific automotive products, which will be key to maintaining their loyalty in the future.
The U.S. is currently the largest market for 3D printing in the automotive market due to the oversize presence of Detroit in shaping the global automobile industry in the 21st century. There is also an awareness of new technologies and an eagerness to adopt them. However, the EU and countries like China and India are expected to surpass the U.S. within the next decade because of the reduction in costs, increasing awareness of 3D printing and also a strong focus on automobile manufacturing by the respective governments. Thus, the scope for 3D printing in the automotive market seems very bright indeed.
The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading 3D Printing in Automotive by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global 3D Printing in Automotive market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the 3D Printing in Automotive market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.


First, this report covers the present status and the future prospects of the global 3D Printing in Automotive market for 2015-2027.

Key Companies
3D System
Koenigsegg
HP Development Company
Local Motors
Safran Turbomeca
Audi
Blade
Honda
Hankook Tires
Optomec
Stratasys


At the same time, we classify 3D Printing in Automotive according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market by Order Type
Stereolithography (SLA)
Laser Sintering
Electron Beam Melting (EBM)
Fused Disposition Modeling (FDM)
Laminated Object Manufacturing (LOM)
Three Dimensional Inkjet Printing (3IDP)

Market by Application
Prototyping and Tooling
R&D and Innovation
Manufacturing Complex Products

Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the 3D Printing in Automotive market for the forecast period 2021 - 2027?
• What are the driving forces in the 3D Printing in Automotive market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the 3D Printing in Automotive industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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