How Will 3D Printing Revolutionizing the Automotive Industry?

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The evolving automotive 3D printing market is expected to exhibit a remarkable growth during the forecast period. Factors such as decline in prices of 3D printing software, new and innovative technologies, and expiration of key patents are expected to drive the market growth.

Increase in concerns regarding material wastage, rise in manufacturing lead time, and increase in manufacturing costs fuel the application of 3D printing technology in the automotive sector.

The technology facilitates faster production process, flexibility in design, and enhanced fuel efficiency.

The 3D printing technology has exhibited varied applications, ranging from printing car parts to creating concept cars. However, its adoption would be negatively impacted by the high price and lack of skilled labor.

The report aims to provide an overview of global automotive 3D printing market with detailed market segmentation by technology, application and geography.

The global automotive 3D printing market is expected to witness high growth during the forecast period. Improved quality, less time consumption are factor which will drive automotive 3D printing market in near future.

3D printing has radically changed the whole procedure of designing, developing, and manufacturing products in the automotive industry.

The technology is used for producing lighter and complex parts & accessories at reduced costs.

3D printers have proved boon to automotive industry players for efficient use of materials and effective logistics management.

Some of the leading players in automotive 3D printing market are 3D Systems Corporation, Autodesk, Arcam AB, Stratasys Ltd., The ExOne Company, Hoganas AB, Optomec, Inc., Ponoko Limited, Voxeljet AG and EnvisionTEC, Inc.

Automotive industry, one of the biggest industries across the globe, is witnessing tough competition among the operating players.

The players are consolidating all their efforts into minimizing the material usage and reducing manufacturing lead time & associated costs.

Therefore, 3D printing technology is exhibiting widespread applications within the automotive sector for prototyping and tooling, R&D and product innovation applications.

However, the lack of skilled labour and high cost of 3D technology are the key restraining factors, limiting the market growth to a considerable extent

Additive printing technology or 3D printing allows manufacturers to build models using a variety of printing materials.

Though 3D printing technology is in its nascent stage in automotive sector, the automotive 3D printing Market is expected to gain traction in the coming years.

The reduction in lead time as well as costs would drive the adoption of automotive 3D printing for prototyping and manufacturing complex parts.

The global automotive 3D printing market can be additionally segregated by application into prototyping and tooling, R&D and innovation and manufacturing complex parts.

In the automotive industry, the primary function of 3D printing is prototyping and tooling, owing to which this application area is west to acquire the largest market share. 3D prototyping and tooling helps to reduce additional costs associated with outsourcing tasks and overall product manufacturing time.

Stereolithography is projected to continue to maintain its leading position as a widely used technology during the forecast period.

Prototyping & tooling application constituted nearly four-fifth of the market share in 2016 and would continue to maintain its leading position till 2023.

Europe and Asia-Pacific regions would exhibit promising growth owing to increasing awareness and adoption of the technology, and declining prices.

Automotive 3D printing industry participants would focus on introducing new products with innovations and partnerships to improve their market share


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