Automotive 3D Printing Market Analysis & Forecast 2022

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Opportunity Analysis and Industry Forecast,
2016-2023
Automotive 3D Printing Market
Global Opportunity Analysis and Industry
Forecast, 2017-2023
2
According to a recent report published by Allied
Market Research, titled, Automotive 3D printing
Market by Component, and Application Global
Opportunity Analysis and Industry Forecast,
2017-2023, the global automotive 3D printing
market size was valued at 762 Million in 2016,
and is projected to reach at 2,730 Million by
2023, growing at a CAGR of 19.7 from 2017 to
2023. The materials used for automotive 3D
printing include various types of polymers,
metals, ceramics, and others. The selection of
printing material depends on the traits expected
from printed object. There are certain 3D
printers that print models using multiple
materials simultaneously according to
requirements, thereby making the manufacturing
process easier. The applications of 3D printing
have increased rapidly, since it offers greater
speed with higher precision and finer resolution.
Automotive 3D printing Market Overview -
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3D printing has radically changed the whole
procedure of designing, developing, and
manufacturing products in the automotive
industry. The technology is used for producing
lighter and complex parts accessories at
reduced costs. 3D printers have proved boon to
automotive industry players for efficient use of
materials and effective logistics
management. Automotive industry, one of the
biggest industries across the globe, is
witnessing tough competition among the operating
players. The players are consolidating all their
efforts into minimizing the material usage and
reducing manufacturing lead time associated
costs. Therefore, 3D printing technology is
exhibiting widespread applications within the
automotive sector for prototyping and tooling,
RD and product innovation applications. However,
the lack of skilled labor and high cost of 3D
technology are the key restraining factors,
limiting the market growth to a considerable
extent. Read more at https//www.alliedmarketr
esearch.com/automotive-3d-printing-market
Automotive 3D printing Market Overview -
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Top Impacting Factors -
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Reduction of Wastage- The adoption of 3D
printers has increased among professional users
owing to its accuracy in printing objects. The
use of 3D printing in the initial stages of
production is beneficial as designers can
identify the errors or defects in the built,
thereby reducing the production time and
operational cost. Additive manufacturing provides
facility to integrate complex design and optimize
operational resources. Thus, the automotive 3D
printing market size is expected to witness a
dynamic growth during the analysis period. The
utilization of materials is done in an efficient
manner and no excess material is used in unwanted
spaces. Earlier, large amount of material was
wasted during the manufacturing process as
subtractive techniques were followed to build
parts. However, 3D printing is based on additive
manufacturing process, involving layer-by-layer
deposition of materials. Efficient use of
material and reduction in wastage are key driving
forces responsible for the adoption of 3D
printing technique across various industries.
Top Impacting Factors -
6
Lack of Skilled Labor- Requirement of skilled
labor or expertise to operate 3D printer has an
impact on the market, since there is a
demand-supply gap between skilled labors and
industry requirement. There is a growth in need
to impart special training skills to operate 3D
printers, thereby affecting the deployment of 3D
printing across various industries. Technological
Advancements- Manufacturing complex designs
using conventional techniques is a difficult
task. The 3D printers provide a platform for
creation along with freedom of manufacturing
objects and designing them as per the user
specifications. The feasibility and
implementation of a design can be assessed using
3D printing. Innovation in in-house additive
printing facility is a major driving force for
adoption of 3D printing in the automotive
industry.
Top Impacting Factors -
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Automotive 3D printing Market Segmentation -
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• This study comprises analytical depiction of the
  global automotive 3D printing market with current
  trends and future estimations to depict the
  imminent investment pockets.
• The overall market potential is determined to
  understand the profitable trends to gain a
  stronger foothold.
• The report presents information related to key
  drivers, restraints, and opportunities with a
  detailed impact analysis.
• The current market is quantitatively analyzed
  from 2017 to 2023 to highlight the financial
  competency of the market.
• Porters Five Forces analysis illustrates the
  potency of the buyers and suppliers in the
  automotive 3D printing market.

Automotive 3D printing Market key Benefits -
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• Key Findings of the Automotive 3D Printing
  Market
• Stereolithography is projected to continue to
  maintain its leading position as a widely used
  technology during the forecast period.
• Prototyping tooling application constituted
  nearly four-fifth of the market share in 2016 and
  would continue to maintain its leading position
  till 2023.
• Europe and Asia-Pacific regions would exhibit
  promising growth owing to increasing awareness
  and adoption of the technology, and declining
  prices.
• Automotive 3D printing industry participants
  would focus on introducing new products with
  innovations and partnerships to improve their
  market share.
• Get Sample Copy For More Information-
• https//www.alliedmarketresearch.com/request-sampl
  e/1534

Automotive 3D printing Market key Findings -
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• Profiled Key Players-
• 3D Systems
• Autodesk
• Stratasys Ltd
• Arcam AB
• The ExOne Company
• Hoganas AB
• Optomec
• Voxeljet AG
• Ponoko Limited
• Envisiontec
• These market players are primarily focusing on
  development of new technology, launching novel
  products with innovative variations and adopting
  partnership and collaboration as key strategies
  to establish their position in the market.

Profiled Key Players-
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