Market Synopsis:
3D printing technology is aiding the automotive industry by providing functional prototype phases, designs, part manufacturing and tools production. As per the report published by Market Research Future (MRFR), the global 3D printing in automotive market is anticipated to expand remarkably at a striking CAGR of 26.2% during the forecast period of 2017-2023.
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Market Drivers and Restraints:
The expeditious development in 3D printing technology for widening the application range of 3D printed materials is creating large opportunities for the expansion of the global 3D printing in automotive market. The use of 3D printing technology in automotive industry has aided the production of more complex designs which was inconvenient through the conventional methods. The short time span required for production of 3D printed parts as compared to the conventional production methods has cut down the manufacturing cost and fastened the production process in the automotive industry.
The increasing focus on introducing innovative and efficient printing materials to provide lightweight spare parts, reducing material wastage and lowering the turnaround time is driving the expansion of the global 3D printing in automotive market. The increasing government support for research and development in 3D printing technology is likely to impact positively on the growth of the global 3D printing in automotive market.
On the flip side, the high cost and low availability of 3D printers in the market are likely to act as a restraint on the growth of the global 3D printing in automotive market.
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Market Segmentation:
The global 3D printing in automotive market has been segmented on the basis of technology, material and application. Based on technology, the 3D printing in automotive market is segmented into stereolithography (SLA), laser sintering, electron beam melting, laminated object manufacturing and others. Among these, the stereolithography (SLA) accounts for the largest market share in the global 3D printing in automotive market.
Based on material, the 3D printing in automotive market is segmented into metal, alloys and others. Based on application, the 3D printing in automotive market is segmented into prototyping and tooling, manufacturing, research and development activities, and others.
Regional Analysis:
Geographically, the global 3D printing in automotive market is segmented into four major regions such as North America, Asia Pacific, Europe and the rest of the world. Among these, the Europe region accounts for the largest market share in the global 3D printing in automotive market owing to the presence of large number of automotive manufacturers that are inclining towards the incorporation of 3D printing technology in the manufacturing process in this region.
The 3D printing in automotive market in the North America and Asia Pacific regions is growing significantly, owing to the rapid technological advancement in the field on 3D technology and brisk development in the automotive industry in these regions.
The constant development in the 3D printing technology for widening the application range of 3D printing technology is fueling the expansion of the 3D printing in automotive market in the rest of the world.
Competitive Analysis:
The increased investments in research and development for introduction of innovative printing materials and cost-effective printers has strengthened the competition among the players of the global 3D printing in automotive market. The major focus of players on expansion of their businesses through strategic mergers and acquisitions is aiding the growth of the global 3D printing in automotive market.
In July 2018, BASF, a leading provider of automotive solutions, has announced its partnership with Materialise, a major supplier of 3D printing technology. These companies are working together in an open business model to provide improved materials and software for various 3D printing technologies.
The leading players of the global 3D printing in automotive market that are profiled in the report published by MRFR are Autodesk, 3D Systems, Inc, Stratasys Ltd, Arcam AB, EnvisionTEC, Inc, Exone, Voxeljet AG, Local Motors, Ponoko Ltd, Optomec, Inc and others.
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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3D Printing In Automotive Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global 3D Printing In Automotive industry with a focus on the Chinese market.
The report provides key statistics on the market status of the 3D Printing In Automotive manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese 3D Printing In Automotive market covering all important parameters.The key ponits of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of 3D Printing In Automotive industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of 3D Printing In Automotive industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of 3D Printing In Automotive Industry before evaluating its feasibility.Key Benefits for 3D Printing In Automotive Market:This study includes the global 3D Printing In Automotive market analysis, trends, and future estimations to determine the imminent investment pockets.The report presents information related to key drivers, restraints, and global 3D Printing In Automotive market opportunity.The global 3D Printing In Automotive market size is quantitatively analyzed from 2014 to 2024 to highlight the financial competency of the 3D Printing In Automotive industry.Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-d-printing-in-automotive-2019-2024-390There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of 3D Printing In Automotive as well as some small players.
At least 10 companies are included: 3D Systems Autodesk Arcam AB StratasysTo know more competitorThe information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareFor product type segment, this report listed main product type of 3D Printing In Automotive market in gloabal and china.
Product Type I Product Type II Product Type IIIFor end use/application segment, this report focuses on the status and outlook for key applications.
Global 3D Printing in Automotive Market is valued at USD 1.97 Billion in 2018 and expected to reach USD 7.22 Billion by 2025 with the CAGR of 20.37% over the forecast period.Increasing demand from the automakers to shorten their product development phase, reduce prototype costs, and improve efficiency is expected to drive the market growth.Get Sample Copy of The Activated Alumina Market Report 2020@ https://brandessenceresearch.com/requestSample/PostId/561*The sample pages of this report is immediately accessible on-demand.
** 3D Printing in Automotive Market ManufacturersKey players profiled in the report include 3D Printing in Automotive Market are,Autodesk3D Systems, IncStratasys LtdArcam ABEnvisionTEC IncExoneVoxeljet AGLocal MotorsPonoko LtdOptomec, IncScope of the Report:3D printing in automotive is an ability to create or customize the automotive parts that are perfect for one-off productions.
3D printing technology in automotive sector has potentially decreased the cost of product development as well as it also strengthens the quick prototyping in the pre-manufacturing stage.
All these major advantages of 3D printers in automotive design helps manufacturers in order to boost the efficiency, cost reduction and prototyping that have resulted to be most popular technology.
3D printing in automotive design enabled the new innovation, creativity and limitless possibilities that bring transportation landscape into a remarkable level.
According to Audi, by 3D printing it is possible to achieve prototyping lead time reductions by up to 50 % for certain parts with full-color, multi-material printing capabilities.
Global 3D Printing in Automotive Market Information Report, By Technology (Stereolithography (SLA), Laser Sintering, Electron Beam Melting, Laminated Object Manufacturing and Others), By Material (Metal, Alloys and Others), By Application (Prototyping and Tooling, Manufacturing, R Activities and Others), By Region - Forecast To 2023
Increasing research and development activities and innovations is strengthening the automotive industry worldwide.
Among all the R activities, 3D printing in automotive has come up with a rapid pace and gaining attention in the global automotive industry.
Over the past few years, the precedence of 3D printing in automotive has gained a positive impression among the manufacturers due to its several driving factors such as light weight body material, increasing investment, huge spending on research and development and technological innovations.
As per MRFR analysis, the global market for 3D printing in automotive is expected to reach USD 2,512.3 million by 2023 with a CAGR of 26.2%.
As per the market analysis, stereolithography (SLA) technology is expected to rule the market during forecasted period.
