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Redding, California - October 21, 2024

Automotive 3D Printing Market to be Worth $17.9 Billion by 2031

Automotive 3D Printing Market Size, Share, Forecast, & Trends Analysis by Offering (Hardware, Services), Technology (Fused Deposition Modeling, Stereo Lithography), Component (Interior, Exterior), Vehicle Types, Application, Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Automotive 3D Printing Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the automotive 3D printing market is projected to reach $17.9 billion by 2031, at a CAGR of 22% from 2024–2031.

The automotive 3D printing market is experiencing growth driven by several factors, including the increasing adoption of fused deposition modeling (FDM) for manufacturing automotive components, the rising utilization of 3D printing for tooling and manufacturing aids, and the growing demand for polymers in automotive applications. However, the market growth is hindered by the high costs associated with 3D printing materials.

Furthermore, the increasing consumer demand for customized and personalized automotive parts, coupled with government initiatives promoting the adoption of 3D printing technologies, presents significant opportunities for market participants. However, this market also faces considerable challenges, including a lack of awareness and a shortage of skilled professionals. Moreover, the growing integration of artificial intelligence (AI) in design and production processes, along with the increasing use of sustainable and recyclable materials in 3D printing, represents a prominent trend in the automotive 3D printing market.

Key Players

The automotive 3D printing market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the automotive 3D printing market are 3D Systems Corporation (U.S.), Stratasys Ltd (U.S.), Desktop Metal, Inc. (ETEC) (U.S.), Dassault Systèmes S.E. (France), EOS GmbH (Germany), ExOne Operating, LLC (U.S.), Autodesk, Inc. (U.S.), Hoganas AB (Sweden), Proto Labs, Inc. (U.S.), Formlabs Inc. (U.S.), voxeljet AG (Germany), Markforged Holding Corporation (U.S.), MATERIALISE NV (Belgium), Ultimaker B.V. (Netherland), IC3D, Inc. (U.S.), Moog Inc. (U.S.), and Zortrax S.A. (Poland).

The automotive 3D printing market is segmented based on offering, technology, component, vehicle type, and application. The report also evaluates industry competitors and analyzes the market at the regional and country levels.

Among the offerings studied in this report, the hardware segment is anticipated to hold the dominant position, with a large share of the automotive 3D printing market in 2024. The dominant position of the 3D printing hardware segment in the automotive market is driven by several key factors, including the rapid growth of 3D printing technology for creating complex part designs, an increased focus on reducing material waste and enhancing fuel efficiency through lightweight components, and the growing utilization of 3D printing hardware for tooling and manufacturing aids in vehicle production.

Among the technologies studied in this report, the fused deposition modeling (FDM) segment is anticipated to hold the dominant position, with a large share of the automotive 3D printing market in 2024. The dominant position of Fused Deposition Modeling (FDM) in the automotive 3D printing market is attributed to its cost-effectiveness and capability to produce a diverse array of 3D-printed objects. The technology's rapid growth in reducing lead times and accelerating the prototyping process further enhances its appeal. Additionally, the increasing adoption of FDM is driven by its versatility in 3D printing with a wide range of materials, including polymers, metals, and ceramics.

Among the components studied in this report, the exterior components segment is anticipated to hold the dominant position, with a large share of the automotive 3D printing market in 2024. The segment's dominant position is boosted by the significant growth in manufacturing lightweight exterior body panels, which enhance vehicle performance. Additionally, the rising adoption of 3D printing for the production and prototyping of components such as mirror housings, tail lights, and headlights further contributes to this segment's dominance.

Among the vehicle types studied in this report, the ICE vehicles segment is anticipated to hold the dominant position, with a large share of the automotive 3D printing market in 2024. The dominant position of 3D printing for internal combustion engine (ICE) vehicles in the automotive market is driven by several factors, including the flexibility in design it offers, a growing demand for aftermarket parts and custom components, and increased prototyping capabilities for ICE vehicles. Additionally, the established and widespread use of ICE vehicles, compared to electric or hybrid alternatives, further enhances the adoption of 3D printing in this segment.

Among the applications studied in this report, the prototyping segment is anticipated to hold the dominant position, with a large share of the automotive 3D printing market in 2024. The dominant position of 3D printing in the automotive sector is supported by several factors, including its rapid ability to create prototypes of various components and test designs before full-scale production. The technology's capability to easily produce complex geometries and customized parts further enhances its appeal. Additionally, 3D printing contributes to more sustainable prototyping by minimizing material waste and reducing energy consumption, contributing to the automotive 3D printing market.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, Netherlands, Sweden, Switzerland, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Malaysia, Australia & New Zealand, Indonesia, Vietnam, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, and Rest of Latin America), and Middle East & Africa (UAE, Israel, Saudi Arabia, and Rest of Middle East & Africa).

Among the geographies studied in this report, North America is anticipated to hold the dominant position, with a large share of the automotive 3D printing market in 2024. This position is fueled by several key factors, including significant technological innovations from leading automotive manufacturers, increased investment in research and development within the sector, and rising demand for customized, high-performance vehicle components. Furthermore, the presence of an established supply chain infrastructure enhances the market's growth potential.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6038

Key Questions Answered in the Report:

What is the value of revenue generated by the sale offering, technology, component, vehicle type, and application?
At what rate is the global demand for automotive 3D printing projected to grow for the next five to seven years?
What is the historical market size and growth rate for the automotive 3D printing market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which offering segments create major traction in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the automotive 3D printing market?
Who are the major players in the automotive 3D printing market? What are their specific product offerings in this market?
What recent developments have taken place in the automotive 3D printing market? What impact have these strategic developments created on the market?

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Redding, California - October 21, 2024

Automotive 3D Printing Market to be Worth $17.9 Billion by 2031

Automotive 3D Printing Market Size, Share, Forecast, & Trends Analysis by Offering (Hardware, Services), Technology (Fused Deposition Modeling, Stereo Lithography), Component (Interior, Exterior), Vehicle Types, Application, Geography - Global Forecast to 2031

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