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(Transportation-News.com, September 19, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Automotive 3D Printing market for 2018-2023.
the global automotive 3D printing market identifies the introduction of low-cost entry level 3D printers as one of the major factors that will have a positive impact on the market’s growth. The availability of entry-level printers will influence tier-2 and tier-3 plastic parts manufacturers and automotive suppliers to adopt 3D printing technology for manufacturing small parts including dampers and bearings. Moreover, the development of affordable entry-level 3D printing technology will increase the adoption and will subsequently reduce the cost of high-capability 3D printers that are currently being used only for industrial applications, in turn, increasing their adoption.
In terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the next few years. Benefits such as the ability to build complex shapes using fewer parts, less material wastage, and the ability to build lightweight products that help in saving fuel costs, is inducing major automotive manufacturers in this region to adopt 3D printing.
Over the next five years, this report projects that Automotive 3D Printing will register a 20.1% CAGR in terms of revenue, reach US$ 2280 million by 2023, from US$ 910 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive 3D Printing market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Products
Services
Materials
Segmentation by application:
Inhouse
Outsourced
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
3D Systems Corporation
Arcam AB
Autodesk, Inc.
EnvisionTEC
Hoganas AB
Optomec, Inc.
Ponoko Limited
Stratasys Ltd.
The ExOne Company
Voxeljet AG
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive 3D Printing consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automotive 3D Printing market by identifying its various subsegments.
Focuses on the key global Automotive 3D Printing manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive 3D Printing with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive 3D Printing submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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