Report forecast the global automotive 3D
printing market to grow at a CAGR of 45.47% during the period 2017-2021.
3D printing is a process which involves
many concepts and technologies. It can be used to produce a range of products
using different materials depending on the application. This technology is
similar to computer numerical control (CNC). The only difference is that CNC is
a subtractive manufacturing process while 3D printing is an additive
manufacturing process.
The advancement in this technology is
mostly application-based, where special research is carried out as per the
needs of the target industry. Experts believe that 3D printing technology is in
its initial stages of application with immense potential to revolutionize
production technology.
The report covers the present scenario and
the growth prospects of the global automotive 3D printing market for 2017-2021.
To calculate the market size, the report considers the new shipments and sales
data from the technology developers.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major
drivers for this market is Introduction of low-cost entry level 3D printers. HP
has introduced an entry level 3D printer with multi-material injection
technology, and Mattel has launched its first 3D printer at $299, called
ThingMaker. This will bring the 3D printing technology to the household market.
This affordable entry-level technology will fetch the volume that this market
needs to develop and bring down the prices for high-capability 3D printers that
are currently being used for industrial applications only.
Further, the report states that one of the
major factors hindering the growth of this market is Price for a 3D printing
machine does not justify its productivity. The 3D printing technology attracts
investments based on its application, size of the product, and material it
uses. The 3D printing technology has not reached a level of mass production
yet. Even though it saves time in rapid prototyping, custom part development,
and complex shape designs, it is still not feasible to be used by each
manufacturer tier in the automotive supply chain. The investment can be
justified if it could be used for mass manufacturing right up to the assembly
line. The advancement of this kind of technology could save logistic costs and
effectively maintain the just-in-time requirements.
Global
Automotive 3D Printing Market 2017-2021, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global automotive 3D
printing market: 3D Systems and Stratasys.
Other Prominent Vendors in the market are:
Arcam, Autodesk, EnvisionTEC, EOS, ExOne, Optomec, and Ultimaker.
Market
driver
- Introduction of low-cost entry level 3D printers
- For a full, detailed list, view our report
Market
challenge
- Price for a 3D printing machine does not justify its productivity
- For a full, detailed list, view our report
Market
trend
- Simultaneous multi-material technology
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 78 pages “Global
Automotive 3D Printing Market 2017 - 2021” report covers Market segmentation
by 3D printing solution, Market segmentation contract type, Geographic
segmentation, Decision framework, Drivers and challenges, Market trends, Vendor
landscape, Key vendor analysis, Appendix.
Please visit this link for more details: http://mrr.cm/Uwf
For related reports please visit: 3D Printing Market Research Reports
Find all Automotive Reports
at: https://www.marketresearchreports.com/automotive
No comments:
Post a Comment