Automotive 3D Printing Market
Automotive 3D Printing Market Size, Share, and Trends Analysis Report, by Technology (Stereolithography, Selective Laser Sintering (Selective Laser Melting and Direct Metal Laser Sintering), Electron Beam Melting (EBM), and Others (Fused Disposition Modeling, Laminated Object Manufacturing, and Three-Dimensional Inject Printing), by Material Type (Metal, Polymer, and Ceramic), and by Application Type (Production and Prototyping/R&D) Forecast Period (2022-2028)
automotive 3D printing market is anticipated to grow at a considerable CAGR of 20.2% during the forecast period. The growing industrial automation is a major factor driving the growth of the automotive 3D printing market. Moreover, this technology occurs negligible errors as compared to any human-produced automotive vehicle. This technology can also manufacture complex and customized vehicle components with comparatively lesser time. Thus, manufacturers are rapidly adopting this technology for vehicle production. However, the high deployment cost associated with this technology and the requirement for a skilled labor force to operate 3D printers is the major restraining factors for the market in emerging countries.
The COVID-19 pandemic suspended the manufacturing of automotive vehicles due to lockdown and facility shutdowns. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global production of automotive vehicles in 2020 was down by 16% as compared to the previous year. Additionally, the buyers avoided spending on non-essential, expensive products drastically reducing the sales of automotive vehicles by 12% in 2020. This had drastically reduced the demand for 3D printing in the automotive sector. The market is expected to show a ‘W’ shaped recovery after the COVID-19 situation gets normalized.
Segmental Outlook
The global automotive 3D printing market is segmented based on technology, material type, and application type. Based on the technology, the market is segmented into stereolithography, selective laser sintering (selective laser melting and direct metal laser sintering), electron beam melting (EBM), and others (fused disposition modeling, laminated object manufacturing, and three-dimensional inject printing). Based on the material type, the market is sub-segmented as metal, polymer, and ceramic. Among these material types, the metal segment holds the major share in the market as the major portion of the vehicle body is made of metals. However, the polymer segment is expected to grow with the highest CAGR during the forecast period owing to the rising research for lightweight and compact vehicles.
Based on the application type, the market is segmented into production and prototyping/R&D. Among these application types, the prototyping/R&D segment holds the major share in the market as the vehicle manufacturers test their designed model in real-life situations before sending it to the production line. However, the production segment is expected to grow with the highest CAGR owing to the rising automation in the automotive industry.
Regional Outlooks
The global automotive 3D printing market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can also be analyzed for a particular region or country level as per the requirement.
Global Automotive 3D Printing Market Growth by Region, 2022-2028
The Asia-Pacific Region Holds Major Share in the Global Automotive 3D Printing Market
The Asia-Pacific region holds the major share in the automotive 3D printing market due to the rising vehicle production and sales in this region. According to the OICA, around 44.3 million vehicles were produced in the Asia-Pacific region in 2020, which is around 57% of global vehicle production. China, Japan, India, and South Korea are the major contributors to the regional market. The supportive government subsidies for the production as well as the purchase of automotive vehicles are the major driving factor for the growth of the automotive 3D printing market in the region.
Market Players Outlook
The major companies serving the global automotive 3D printing market include 3D System, Inc., Voxeljet AG, Stratasys Ltd., Autodesk, Inc., The Exone Co., Höganäs AB, Carpenter Additive (U.K.) Ltd., Materialise N.V., Arcam AB, 3D Systems Corp., and EOS GmbH, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market.
Few Recent Development-
• Ford established an advanced manufacturing center at Redford, Detroit in December 2018. The company had planned to develop 3D printing parts for the 2019 Mustang at this facility.
• General Motors has planned to enter the next phase of vehicle lightweight technology development by adopting 3D printing technology. For this, General Motors partnered with AutoDesk, the US-based software company that provides software services for the manufacturing industry in May 2018.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive 3D printing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. 3D System, Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Stratasys, Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. GE Additive (Arcam AB)
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Automotive 3D Printing Market by Technology
4.1.1. Stereolithography
4.1.2. Selective Laser Sintering
4.1.2.1. Selective Laser Melting
4.1.2.2. Direct Metal Laser Sintering
4.1.3. Electron Beam Melting (EBM)
4.1.4. Others
4.1.4.1. Fused Disposition Modeling
4.1.4.2. Laminated Object Manufacturing
4.1.4.3. Three-Dimensional Inject Printing
4.1.4.4. Other
4.2. Global Automotive 3D Printing Market by Material Type
4.2.1. Metal
4.2.2. Polymer
4.2.3. Ceramic
4.3. Global Automotive 3D Printing Market by Application Type
4.3.1. Production
4.3.2. Prototyping/R&D
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AMETEK, Inc.
6.2. Autodesk, Inc.
6.3. Desktop Metal, Inc.
6.4. EOS GmbH
6.5. Envisiontec GmbH
6.6. Höganäs AB
6.7. LPW Technology (A subsidiary of Carpenter Additive (U.K.) Ltd.)
6.8. Materialise N.V.
6.9. Moog Inc.
6.10. Optomec, Inc.
6.11. Ponoko Ltd.
6.12. Sandvik AB
6.13. The Exone Co.
6.14. Ultimaker BV
6.15. Voxeljet AG
1. GLOBAL AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
2. GLOBAL STEREOLITHOGRAPHY TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SELECTIVE LASER SINTERING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL ELECTRON BEAM MELTING (EBM) TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL OTHERS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
7. GLOBAL METAL AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL POLYMER AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL CERAMIC AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION TYPE, 2021-2028 ($ MILLION)
11. GLOBAL AUTOMOTIVE PRODUCTION 3D PRINTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL AUTOMOTIVE PROTOTYPING/R&D 3D PRINTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. NORTH AMERICAN AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
20. EUROPEAN AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
21. EUROPEAN AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION TYPE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD AUTOMOTIVE 3D PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION TYPE, 2021-2028 ($ MILLION)
1. GLOBAL AUTOMOTIVE 3D PRINTING MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
2. GLOBAL STEREOLITHOGRAPHY TECHNOLOGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL SELECTIVE LASER SINTERING TECHNOLOGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL ELECTRON BEAM MELTING (EBM) TECHNOLOGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL OTHERS TECHNOLOGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL AUTOMOTIVE 3D PRINTING MARKET SHARE BY MATERIAL TYPE, 2021 VS 2028 (%)
7. GLOBAL METAL AUTOMOTIVE 3D PRINTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL POLYMER AUTOMOTIVE 3D PRINTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL CERAMIC AUTOMOTIVE 3D PRINTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL AUTOMOTIVE 3D PRINTING MARKET SHARE BY APPLICATION TYPE, 2021 VS 2028 (%)
11. GLOBAL AUTOMOTIVE PRODUCTION 3D PRINTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL AUTOMOTIVE PROTOTYPING/R&D 3D PRINTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL AUTOMOTIVE 3D PRINTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. US AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
16. UK AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD AUTOMOTIVE 3D PRINTING MARKET SIZE, 2021-2028 ($ MILLION)
