The latest research study “Automotive 3D Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global automotive 3D printing market reached a value of US$ 2.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.39 Billion by 2027, exhibiting a CAGR of 22.20% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Automotive three-dimensional (3D) printing is a technology that manufactures digital objects through a printing machine. It creates prototypes by manufacturing layer-by-layer materials to design patterns, tooling components, and physical models. It assists in constructing several lightweight intricate geometric pieces, including internal channels and wire mesh, which reduces prototyping costs and produces complex parts while assuring minimal wastage of materials. Nowadays, 3D printing is extensively used across the automotive industry to validate prototypes and design, conceptualize, and customize vehicle parts in a minimum time.
Global Automotive 3D Printing Market Trends and Drivers:
The market is primarily driven by the expanding automotive industry and the increasing demand for lightweight materials to enhance fuel efficiency in automobiles. In addition, automotive 3D printing resolutions are widely adopted for manufacturing numerous complex parts of vehicles while reducing lead time, representing another major growth-inducing factor. Moreover, the introduction of fused deposition modeling (FDM) solutions that assist in manufacturing prototypes and concept model parts is accelerating market growth. Other factors, including the increasing strategic collaborations amongst crucial players and original equipment manufacturers (OEMs) for introducing innovative automotive 3D printing systems to meet evolving consumer needs, and the emerging trend of customized automotive parts, are also propelling the market growth.
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| Automotive 3D Printing Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 2.13 Billion |
| Market forecast in 2027 | US$ 7.39 Billion |
| Growth Rate | CAGR of 22.20% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Component Type, Technology Type, Material Type, Application and Region |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | 3D Systems Inc., 3DGence, Autodesk Inc., Desktop Metal Inc., EOS GmbH, Formlabs Inc., Höganäs AB, Materialise NV, SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV and voxeljet AG. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component Type:
- Hardware
- Software
- Service
Breakup by Technology Type:
- Selective Laser Sintering (SLS)
- Stereo Lithography (SLA)
- Digital Light Processing (DLP)
- Electronic Beam Melting (EBM)
- Selective Laser Melting (SLM)
- Fused Deposition Modeling (FDM)
Breakup by Material Type:
- Metal
- Polymer
- Ceramic
Breakup by Application:
- Production
- Innovation and R&D
- Prototyping
By Geography:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
List of Major Key Players:
The major players in the market are 3D Systems Inc., 3DGence, Autodesk Inc., Desktop Metal Inc., EOS GmbH, Formlabs Inc., Höganäs AB, Materialise NV, SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV and voxeljet AG.
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