Fastest-Growing Markets in Terms of Value for 3D Printing in Automotive


Posted July 17, 2017 by pankaj_kaware

Europe & Asia-Pacific Regions to Be the Fastest-Growing Markets in Terms of Value for 3D Printing in Automotive

 
The global 3D printing automotive market by value, is projected to grow at a CAGR of 26.58% from 2015 to 2020. The key factors that drive the market for 3D printing in automotive are the declining cost of 3D printers, expiration of key patents, new & innovative material and technologies, and the reduction of time and cost in product development. However, a lack of standardization of process control and print materials could limit the growth of the 3D printing market in the automotive industry.

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Polymers are the most widely used 3DP material; however, metals are projected to have the highest growth rate from 2015 to 2020, as components that require high resistance to temperature and pressure can be manufactured using 3D printers with metals/metal-alloys as 3DP material.

The sales for 3D printers by volume, are projected to grow at a CAGR of 36.03% (2015–2020). This increase is attributed to the growing demand from the consumer and industrial segments. Users ranging from home hobbyists to engineers can create or modify a product design on a computer and print it out using a 3D printer rather than on paper. The 3DP process can be performed at a service bureau, which would lower the cost of entry and allow products to be produced at or near their point of use. 3DP is rapidly gaining popularity, as it enables anyone with a computer to create or customize a product design and produce it without a factory or knowledge of complex production processes.

This report segments the 3D printing automotive market by technology [stereolithography (SLA), laser sintering, electron beam melting (EBM), fused disposition modeling (FDM), laminated object manufacturing (LOM), three dimensional inkjet printing (3IDP), and other technologies], by material [polymers, metals/alloys, and others (glass, ceramics, wood, composites)], by application [prototyping and tooling, R&D and innovation, manufacturing complex components and others (customization, personalization, aftermarket)] and by 3D printer market.

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The 3D printing automotive market is dominated by a few major players, such as 3D Systems (U.S.), Stratasys (U.S.), Optomec (U.S.), ExOne (U.S.), and Arcam (Sweden) among others. The key strategies adopted by these market players are mergers & acquisitions, new product development, and expansion.

Competitive Landscape: -
• Market Share Analysis, 3D Printing Market
• Competitive Situation and Trends
• New Product Launches
• Expansions
• Mergers & Acquisitions
• Agreements/Joint Ventures/Partnerships
• Buying Criteria

Scope of the Report
• By Technology
o Stereolithography (SLA)
o Laser Sintering
o Electron Beam Melting (EBM)
o Fused Disposition Modeling (FDM)
o Laminated Object Manufacturing (LOM)
o Three Dimensional Inkjet printing (3IDP)
• By Material
o Metal/Metal-Alloy
o Polymer
• By Application
o Prototyping and Tooling
o R&D and Innovation
o Manufacturing Complex Products
• By 3D printer market
o Region
o Automotive
• By Region
o Asia-Oceania
o Europe
o North America
o RoW
• Available Customization
o Analysis of OEM spending on 3DP
o 3D Printer sales, By Technology

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Issued By pankaj
Country India
Categories Automotive
Tags 3d printing automotive market
Last Updated July 17, 2017