Automotive 3D Printing Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

The Automotive 3D Printing Market is expected to register a CAGR of 19.6% during 2023–2031. The evolution of customized and lightweight automotive parts is likely to remain a key trend in the market.

Automotive 3D Printing Market Analysis

• The major market players are EOS (Electro Optical Systems) GmbH, and few others. Extensive research and development activities and innovations are anticipated in the automotive 3D printing market, in the next few years as weight reduction is prime factor to decrease in fuel consumption and emissions.
• As per 3D printing service provider and analysts, additive manufacturing is widely used by automotive manufacturers and suppliers for RD activities such as prototypes and fixtures which are highly cost effective compared to traditional methods of product process.
• The growing development of industrial automation is substantially increasing which inturn increases the traffic and makes vehicle more complex. However, the 3D printing technology can print complex components to its desired shape with less time and challeneges.

Automotive 3D Printing Market Overview

• The automotive 3D printing industry across the globe is witnessing a steep growth. The development is credited to many core factors such as lowering production time, lesser operational costs, application of designs, effective utilization of the material and convenience in customization.
• The  automotive 3D printing market is expected to see dramatic growth owing to the reduction in lead-time, low operational cost, design flexibility, design versatility, and increased number of customizations.
•  The market is segmented based on technology type, component type, material type, application type, and geography. The manufactures are investing the technology for lighter weighted vehicles and in additive manufacturing used for the research activities. The market is expected to witness a dramatic growth in near future.

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Automotive 3D Printing Market: Strategic Insights

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Automotive 3D Printing Market Drivers and Opportunities

Growing Focus on Lightweught Automotive Parts to Favor the Market

• 3D printing allows for innovative customization and personalization in the automotive industry.
• High technological advancements and rising focus on lightweight automotive parts is boosting the growth of the automotive 3D printing market 
• These developments include high printing speed, precision, and the competence to print with a wider range of materials 
• The advancement of new 3D printing systems and growing manufacturing capacities by developers is also contributing to market growth

Growing Focus on Customisable Automotive Parts

• The growing demand for customisable automotive parts which is anticipated to create a growth opportunity for the Automotive 3D printing market globally.
• Most of the automotive firms are using the 3D printing technology for various applications. It is expected to have a high opportunity in the automotive industry as well in the coming years.
• Automotive OEMs are focusing on reducing vehicles’ weight – with the aim of improving their fuel consumption, the companies are implementing 3D printing technology

Automotive 3D Printing Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive 3D printing market analysis are technology, application, component and material type.

• Based on technology, the automotive 3D printing market is divided into Selective Laser Sintering (SLS), Stereo Lithography (SLA), Digital Light Processing (DLP), Electronic Beam Melting (EBM), Selective Laser Melting (SLM), and Fused Deposition Modeling (FDM).
• On the basis of application, the market is divided into production and prototyping/R&D.
• Based on component, the automotive 3D printing market is divided into hardware, software, and service.
• Based on material type, the automotive 3d printing market is divided into metal, polymer, and ceramic.

Automotive 3D Printing Market Share Analysis by Geography

• The Automotive 3D Printing Market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive 3D printing market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive 3D printing market in these regions.

Automotive 3D Printing Market Regional Insights

The regional trends and factors influencing the Automotive 3D Printing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive 3D Printing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive 3D Printing Market Report Scope

Automotive 3D Printing Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive 3D Printing Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Automotive 3D Printing Market are:

1. 3D Systems, Inc.
2. 3DGence
3. EOS
4. EnvisionTEC
5. ExOne

Disclaimer: The companies listed above are not ranked in any particular order.

Automotive 3D Printing Market News and Recent Developments

The automotive 3D printing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive 3D printing market are listed below:

• Stratasys, Ltd. announced that Toyota, a global leader in automotive manufacturing and innovation, has signed an agreement to be the first customer to purchase the new, cutting-edge Stratasys F3300 3D printer. (Source: Stratasys, Company Website, November 2023)
• HP Inc. showcased parts using a new material qualified for its industrial 3D polymers solutions. Developed with Arkema, the new PA 12 S material sets the standard for surface aesthetics, while reducing costs for customers using HP’s Jet Fusion 5200 Series 3D printing solutions. The reach of this pioneering material will soon expand, as it is set to become available for the Jet Fusion 5600 Series later this spring, broadening its application across HP's suite of polymer 3D printing solutions. (Source: HP Inc., Company Website, March 2024)

Automotive 3D Printing Market Report Coverage and Deliverables

The “Automotive 3D Printing Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive 3D printing market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive 3D printing market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Automotive 3D printing market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive 3D printing market
• Detailed company profiles