Additive Manufacturing in Automobiles Market Overview:
The integration of 3D
printing technology in the automotive market has ushered in a transformative
era, revolutionizing traditional manufacturing processes. This innovative
approach allows for the creation of intricate and customized components with
enhanced precision, leading to improved overall performance and efficiency in
vehicles. The automotive industry is increasingly leveraging 3D printing for
prototyping, tooling, and even end-use parts production. From lightweight
structures and complex geometries to cost-effective production of spare parts,
3D printing has proven to be a game-changer, offering manufacturers the
flexibility to adapt quickly to design changes and produce low-volume,
high-value components with unparalleled speed.
Growth in the need to decrease vehicle
weight, production cost & development time, upsurge in the use of 3D
printing for quick prototyping & development of complex parts, and superior
demand for modified automotive parts drive the growth of the market. The global Additive
Manufacturing in Automobiles Market Size is
expected to register a CAGR of 15.94% from 2022 to 2030 and hold a value of
over USD 9.7 billion by 2030.
One notable advantage of
3D printing in the automotive sector is its contribution to the development of
electric vehicles (EVs). With the unique ability to produce lightweight and
complex designs, 3D printing facilitates the creation of optimized components
crucial for electric drivetrains, contributing to the overall weight reduction
of EVs and consequently improving their energy efficiency. As the automotive
industry continues to prioritize sustainability and innovation, 3D printing is
poised to play a pivotal role in shaping the future of vehicle manufacturing,
offering a sustainable and agile solution that aligns with the evolving needs
of the market.
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The COVID-19 crisis has formed
uncertainty in the market, massive slowdown of the supply chain, and temporary
shutdown of industries. Automotive markets knowledgeable weak demand in Europe
and Asia after weak printer shipments. Most 3D printing companies shifted their
focus on services to contribute to the printing of medical equipment during the
pandemic. However, some automotive manufacturers accepted additive
manufacturing to overcome supply chain issues, and offer localized &
decentralized production. Numerous market players adopted in-house 3D printing
for the on-demand production of tools, jigs, and fixtures.
3D Printing in Automotive Regional
Analysis
Europe and Asia Pacific dominated the
market for 3D Printing in Automotive and accounted for the largest revenue
share. The existence of developing countries such as China, India, and Japan is
expected to boost market growth in the region.
Additive Manufacturing in
Automobiles Market Segmentation
The Global Automotive
3D Printing Market Share has been segmented into
the Component, Material, and Application
Based on the Component, The Global Additive
Manufacturing in Automobiles Market has been segmented into Material Extrusion,
Powder Bed Fusion, Vat Photopolymerization, Material Jetting, Direct Energy
Deposition, Binder Jetting
Based on the Material, The Global Additive
Manufacturing in Automobiles Market has been segmented into Polymers, Metal,
Others
Based on the Application, The Global Additive
Manufacturing in Automobiles Market has been segmented into Prototyping,
Tooling, Jigs & Fixtures
Additive Manufacturing in
Automobiles Market Key Players
Some of the key market players are
Autodesk, 3D Systems In, Stratasys Ltd, Arcam AB, Ponoko Ltd, Optomec,
EnvisionTEC Inc, Exone, Voxeljet AG, and Local Motors
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