Automotive 3D Printing Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Hardware, Software, Services, Material), By Technology (Vat Photopolymerization, Metal Extrusion, Material Jetting, Binder Jetting, Direct Energy Deposition, Powder Bed Fusion, Sheet Lamination), And By Geography - Forecasts From 2019 To 2024

Published:  Mar 2020 Report Code: KSI061612104 Pages: 111
The automotive 3D printing market is projected to grow at a CAGR of 29.07% to reach the market size of US$10.364 billion by 2024 from US$2.241 billion in 2018. The rising adoption of 3D printing technology in the automotive sector for prototyping and tooling applications in order to reduce the costs and turnaround times for making the prototypes is one of the major factors driving the demand of 3D printing in the automotive sector. The use of 3D printing by the OEMs at reduced cost with better flexibility and strength is further allowing the manufacturers to increase their profits, which were earlier done through outsourcing which further increased the manufacturing costs of the automotive. Similarly, the manufacturing of customized parts, reduction of human error and higher precision is also the key driver which are expected to augment the use of 3D printing in the automotive industry. However, the unavailability of skilled personnel can hamper the growth of the market to some extent during the forecast period. 
 
The Automotive 3D Printing Market – Forecasts from 2019 to 2024 is an exhaustive study that presents the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by component, technology, and geography.  
 
The automotive 3D printing market has been segmented by component, technology, and geography. Based on component the market has been segmented into hardware, software, services, and material. By technology, the market has been classified into vat photopolymerization, metal extrusion, material jetting, binder jetting, direct energy deposition, powder bed fusion, and sheet lamination. 
 
By component, hardware is expected to hold a significant share in the market owing to rising adoption of 3D printing in this industry. By geography, Asia Pacific region is projected to grow at a substantial rate owing to the growth in automotive industry in this region which is further leading to the growth in the automotive production, especially in the emerging economies of China, India, Malaysia, and other developing economies of Southeast Asia.
 
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these regions present for the manufacturers and the service providers. 
 
Major players in the automotive 3D printing market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the automotive 3D printing market.

Automotive 3D Printing Market Scope:

Report Metric Details
 Market size value in 2018  US$2.241 billion
 Market size value in 2024  US$10.364 billion
 Growth Rate  CAGR of 29.07% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Component, Technology, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Stratasys Ltd., 3D Systems, Inc., Materialise, EOS GmbH Electro Optical Systems,   SLM Solutions Group AG, ENVISIONTEC, INC., Renishaw plc
 Customization scope  Free report customization with purchase

 

Segmentation

The automotive 3D printing market has been analyzed through the following segments:

 
• By Component
o Hardware
o Software
o Services
o Material
 
• By Technology
o Vat Photopolymerization
o Metal Extrusion
o Material Jetting
o Binder Jetting
o Direct Energy Deposition
o Powder Bed Fusion
o Sheet Lamination
 
• By Geography
o North America
o South America
o Europe
o Middle East and Africa
o Asia Pacific
 

Frequently Asked Questions (FAQs)

Q1. What will be the automotive 3D printing market size by 2024?
A1. The automotive 3D printing market is projected to reach a total market size of US$10.364 billion in 2024.

Q2. What are the growth prospects for automotive 3D printing market?
A2. The global automotive 3D printing market is projected to grow at a CAGR of 29.07% over the forecast period.

Q3. What is the size of global automotive 3D printing market?
A3. Automotive 3D Printing market was valued at US$2.241 billion in 2018.

Q4. What factors are anticipated to drive automotive 3D printing market growth?
A4. The rising adoption of 3D printing technology in the automotive sector for prototyping and tooling applications in order to reduce the costs and turnaround times for making the prototypes is one of the major factors driving the demand of 3D printing in the automotive sector.

Q5. Which region holds the largest market share in the automotive 3D printing market?
A5. Asia Pacific region is projected to grow at a substantial rate owing to the growth in the automotive industry.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY  
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. AUTOMOTIVE 3D PRINTING MARKET BY COMPONENT
5.1. Hardware
5.2. Software
5.3. Services
5.4. Material
6. AUTOMOTIVE 3D PRINTING MARKET BY TECHNOLOGY
6.1. Vat Photopolymerization
6.2. Metal Extrusion
6.3. Material Jetting
6.4. Binder Jetting
6.5. Direct Energy Deposition
6.6. Powder Bed Fusion
6.7. Sheet Lamination
7. AUTOMOTIVE 3D PRINTING MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3. Europe
7.4. Middle East and Africa
7.5. Asia Pacific
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Stratasys Ltd.
9.2. 3D Systems, Inc.
9.3. Materialise
9.4. EOS GmbH Electro Optical Systems
9.5. SLM Solutions Group AG
9.6. ENVISIONTEC, INC.
9.7. Renishaw plc
*List is not exhaustive
 
3D Systems, Inc.
Materialise
EOS GmbH Electro Optical Systems
SLM Solutions Group AG
ENVISIONTEC, INC.
Renishaw plc
*List is not exhaustive

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