Global Automotive 3D Printing Market 2017-2021

Overview of the global automotive 3D printing market

Technavio's research analysis on the global automotive 3D printing market identifies the introduction of low-cost entry level 3D printers as one of the major factors that will have a positive impact on the market's growth. The availability of entry-level printers will influence tier-2 and tier-3 plastic parts manufacturers and automotive suppliers to adopt 3D printing technology for manufacturing small parts including dampers and bearings. Moreover, the development of affordable entry-level 3D printing technology will increase the adoption and will subsequently reduce the cost of high-capability 3D printers that are currently being used only for industrial applications, in turn, increasing their adoption. Technavio's market research analysts predict that this market will grow at a CAGR of more than 45% by 2021.

In terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the next few years. Benefits such as the ability to build complex shapes using fewer parts, less material wastage, and the ability to build lightweight products that help in saving fuel costs, is inducing major automotive manufacturers in this region to adopt 3D printing.

Competitive landscape and key vendors

In terms of technology, the automotive 3D printing market is concentrated and is dominated by the two major players such as 3D Systems and Stratasys. One of the major players in the automotive 3D printing machine market 3D Systems has subsidiaries across the globe and provides 3D printing solutions with several features including product design optimization, transformation workflows, and innovation in product applications.

The leading vendors in the market are -

• 3D Systems
• Stratasys

The other prominent vendors in the market are Arcam, Autodesk, EnvisionTEC, EOS, ExOne, Optomec, and Ultimaker.

Segmentation by solution and analysis of the automotive 3D printing market

• Products
• Services
• Materials

During 2016, the products segment accounted for the major shares of the automotive 3D printing market. The segment comprises of 3D printing machines or printers or systems and spare parts. The upfront cost for an industrial printer starts from $100,000 and goes up depending on size, application, material, and technology. The establishment of micro-factories using 3D printing machines by new start-up companies such as Local Motors will be one of the factors fueling the growth of this segment.

Segmentation by contract type and analysis of the automotive 3D printing market

• Inhouse
• Outsourced

The outsourced segment contributed to the major share of the automotive 3D printing during 2016. The type of contract varies according to the requirement of the manufacturing applications and offer various benefits in terms of technology, material, and characteristic requirement. For instance, the partnership between Ford Motor Company and Stratasys helped a customer to train and develop staff in the process and gain more technical expertise in 3D printing.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive 3D printing market?
• What are the key market trends impacting the growth of the global automotive 3D printing market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive 3D printing market?
• What are the market opportunities and threats faced by the vendors in the global automotive 3D printing market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive 3D printing market? 

Technavio also offers customization on reports based on specific client requirement.

3D printing is a process aimed to create a three-dimensional object in which layers of material are created under computer control to form an object. This upcoming industry research report on the global automotive 3D printing market offers insights into the key trends and emerging drivers influencing the growth of the automotive industry. Our market research reports for the automotive industry also follow an extensive data collection methodology and offer an analysis of fast growing market segments like automotive manufacturing.

By considering the market forecast and size, surging demand for various automotive components, the market research experts at Technavio offer a comprehensive picture of the automotive 3D printing market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients devise effective growth strategies and compete with the continually changing market landscape. This market study also offers an extensive analysis of various automotive manufacturing based on the inference of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the automotive 3D printing market also covers vendors like Stratasys, 3D Systems, Arcam Group, Renishaw, ExOne, and Optomec.

This upcoming industry report on the automotive 3D printing market also considers the growth of the related markets such as the DOC and DPF market, which is expected to grow at a CAGR of above 7% during the forecasted period. According to our market research analysts, lowering cost and reducing production complexity is expected to impact the global market significantly. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the automotive 3D printing market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for automotive 3D printing market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the automotive manufacturing sector currently experiences. It also presents insights into the dynamically changing competitive scenario to give clients a complete view of the industry. Technavio also provides deep-dive market assessments into the sectors such as automotive component and automotive electronics.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.