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3D Printing Automotive Market by Technology, Materials, Application, and Region - Global Trends and Forecast to 2020

3D Printing Automotive Market: Forecast until 2020

  • September 2015
  • 166 pages
  • ID: 3289685
In this report:
The company has made investments in research and development which have helped increase its year-on-year revenue by nearly ##% in 2014.
The European region is expected to witness the highest growth, with an estimated market size of USD ##.## million in 2015 to USD ##.## million by 2020, growing at a CAGR of ##.##%.

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The 3D printing market for automotive is projected to be 3.49 million kilograms in 2015, and is forecasted to grow to 11.53 million kilograms by 2020, at a compound annual growth rate (CAGR) of ~27.0 percent.

Automotive OEMs have begun adopting 3D printing for quick prototyping, fast tooling, Research and development, and manufacturing complex components. Original equipment manufacturers have a wide range of 3D printing materials to choose from, including metals, alloys, polymers, glass, and composites. The choice of material largely depends on the application. For example, if an OEM wants to prototype a dashboard for a car, they could use thermoplastic as a print material, as it would offer more flexibility and rigidity, and if they want to prototype an engine component, they could 3D print on steel, which offers a high tolerance to temperature and pressure. On top of, 3D printing in automotive reduces the time taken to prototype, the length of the supply chain, the cost of prototyping, and raw material wastage; these are also main drivers of the 3D printing in automotive market. Factors restricting the increase of the 3D printing in automotive market are lack of standardization of the control process and fluctuations in the accessibility and cost of print materials.

This study breaks down the 3D printing market for automotive on the basis of technology [stereolithography, laser sintering, electron beam melting, fused disposition modeling, laminated object manufacturing, three dimensional inkjet printing (3IDP), and other technologies], material [polymers, metals/alloys, and others (glass, ceramics, wood, composites)], application [prototyping and tooling, Research and development and innovative products, manufacturing complex components and others (customization, personalization, aftermarket)], and 3D printer market.

The study classifies and defines the 3D printing market for automotive, in terms of capacity and value. Market value, in terms of quantity, is provided in thousand kilograms from 2013 to 2020, while the market value, by value, is provided in terms of USD Million.

The 3D printing market for automotive in Europe is forecasted to grow at the highest compound annual growth rate (CAGR), by value, of ~30.3 percent between 2015 and 2022.

The analysis also offers a comprehensive review of market drivers, market restraints, alternatives, opportunities, and main issues in the 3D printing market for automotive. Apart from analyzing the quantitative aspects of the market, the market research also includes qualitative aspects, including the value chain review and Porter's Five Forces analysis.

The 3D printing market for automotive is dominated by a few main actors, including 3D Systems, Stratasys, Optomec, ExOne, and Arcam. The best strategies approved by these market actors are mergers & acquisitions, new product improvement, and development.

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