3D Printing in Automotive Market to cross USD 8 billion by 2024 - PowerPoint PPT Presentation

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3D Printing in Automotive Market to cross USD 8 billion by 2024

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Request Sample of Report @ The 3D printing in automotive market is propelled by the growing requirements in the automotive sector for cost-effective and efficient technology to develop high-quality and complex products. The technology has enabled the development of products, which were technically not feasible earlier with the traditional methods. The building mechanism of the additive manufacturing technology allows the freedom of design and enables the integration of internal components under previously inaccessible surfaces or parts. – PowerPoint PPT presentation

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Title: 3D Printing in Automotive Market to cross USD 8 billion by 2024


1
Europe 3D Printing in Automotive Market to grow
at 25.8 CAGR from 2018 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from 3D Printing in Automotive
Market
  • Automotive 3D Printing Market was estimated to be
    over USD 1.4 billion in 2017 and set to be over
    USD 8 billion by 2024 according to a new
    research report by Global Market Insights, Inc.
    The automotive 3D printing market is propelled by
    the rise in the number of government and industry
    initiatives to sponsor the additive manufacturing
    technology. Several countries have developed
    national programs to support the university level
    research.
  • For instance, the Canadian government has
    launched the Industrial Research Assistance
    Program (IRAP) to drive the use of 3D printing
    among small- and medium-sized organizations. This
    is encouraging organizations to adopt the
    cutting-edge technology to reduce the cost of
    operation and increase the productivity. The
    increasing customer demand for innovations and
    lower prices across customized products is also
    fostering the automotive 3D printing market. The
    additive manufacturing technology does not
    require specialized tooling, nor does it impose
    pressure on the minimum lot sizes.

3
Continued...
  • The Electron Beam Melting (EBM) technology in
    automotive 3D printing market is expected to grow
    at a CAGR of over 28 during the forecast period.
    The technology utilizes high-power electron laser
    to melt fuse metal alloy powders used for the
    fabrication of automotive components in
    accordance with the electronic data. The
    electronic laser managed by the electronic foils
    provides extremely fast accurate beam control,
    enabling the manufacturers to maintain numerous
    melting points simultaneously. Furthermore, the
    electron laser heats the powder bed to optimal
    ambient temperatures specific to the material.
    Thus, the parts produced through the technology
    are free from residual stress.
  • Manufacturing is estimated to emerge as the most
    lucrative application of automotive 3D printing
    market. It is anticipated to grow at a CAGR of
    approximately 30 during the forecast timeline.
    The market is driven due to the superior
    properties and cost benefits offered by the 3D
    printing technology in the manufacturing process.
    It increases the manufacturing efficiency by
    eliminating the product assembly stage across the
    manufacturing cycle.

4
U.S. 3D Printing in Automotive Market Revenue, By
Component

5

Browse Full Market Research Report On 3D
Printing in Automotive Market _at_
https//bit.ly/2MDLcIw Request for a Sample
of this Research Report _at_ https//bit.ly/2NKWE1F
6
Continued...
  • The traditional manufacturing process is
    characterized by multiple production stages
    interconnected storage of semi-finished products
    resulting in longer lead times. On the contrary,
    3D printing manufacturing process is shorter
    faster as multiple stages are combined into a
    single production step. This eliminates the need
    for intermediate material handling intra
    logistics transport costs.
  • The Asia Pacific automotive 3D printing market is
    anticipated to achieve a growth rate of over 29
    over the forecast timespan. The growth in the
    market is driven by the increasing investment by
    public private establishments. The
    industrialized economies along with emerging
    nations in the region are exploring various
    opportunities for the advancement of the 3D
    printing technology in the automotive sector to
    strengthen the productivity competitiveness.
    Countries including India and China have invested
    heavily to commercialize the technology in the
    automotive sector. China has been investing in
    the additive manufacturing technology for over a
    decade and the Chinese authorities have committed
    millions of dollars to a seven-year project aimed
    at advancing the technology in the vertical.

7
Industry Coverage

8
Companies
  • The major companies operating in the automotive
    3D printing market are Ponoko Ltd., Hoganus AB,
    Exone, Voxeljet AG, Arcam, Startasys, Autodesk,
    3D systems, Materialise, Nano Dimension, Proto
    Labs, SLM Solutions Group, Electro Optical
    Systems, Concept Laser, and Renishaw Plc. The
    companies operating in the market are attracting
    robust investments to capitalize on the untapped
    market opportunities.
  • The major players in the market are collaborating
    with other expert companies in the market to
    integrate the technology with their manufacturing
    cycle and develop new product offerings to gain a
    competitive advantage over its competitors. For
    instance, in 2015, Koenigsegg, a Swedish car
    manufacturer partnered with Stratasys to develop
    its in-house 3D printing facility. Koenigsegg
    intends to use the technology for the rapid
    prototyping of the metal parts used in its
    automobiles.

9
Table OF Content
Chapter 1. Methodology Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Scope 1.1.5.
Definitions 1.1.6. Methodology forecast
parameters 1.2. Data Sources 1.2.1.
Secondary 1.2.1.1. Paid sources 1.2.1.2.
Public sources 1.2.2. Primary Chapter 2.
Executive Summary 2.1. 3D printing in automotive
industry 360º synopsis, 2013 - 2024 2.1.1.
Regional trends 2.1.2. Hardware trends 2.1.2.1.
Printer trends 2.1.2.2. Material
trends 2.1.3. Service trends 2.1.4. Software
trends
10
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