Automotive 3D Printing Market 2018 Global Key Players, Challenges, Industry Size, Growth Opportunities And Forecast TO 2025

Algoro Reports , recently published a detailed market research study focused on the global 3D Printing in Automotive status, future forecast, growth opportunity, key market and key players. The study objectives are to present the 3D Printing in Automotive development in United States, Europe and China.

3D printing, also known as additive manufacturing, is the process of producing three dimensional objects from a digital file using a printing machine. This process involves laying down successive layers of material until the entire object is built. 3D printing is being adopted across industries such as automotive, defense, and aerospace. The increasing adoption of 3D printing is attributed to its various advantages, which include innovative designing, high adaptability levels, less time to market, and the ability to manufacture parts without expensive tooling.

one of the main drivers of 3D printing in the automotive market is supply chain optimization. 3D printing dramatically improves market responsiveness of automobile companies to changing customer tastes and preferences. It enables them to produce multiple product variations with very little cost increase. It substantially reduces scrap, material usage and helps manufacturers reduce their carbon footprint. This is absolutely critical for an industry which unfortunately creates too much of both air and noise pollution. Greater pressure put on companies by the government to go green will also spur adoption of 3D printing in the automotive market. Intense competition amongst manufacturers to create lighter, smarter and more fuel efficient vehicles will also play a major role for implementing 3D printing in the automotive market. 3D printing helps companies create customer specific automotive products, which will be key to maintaining their loyalty in the future.

The U.S. is currently the largest market for 3D printing in the automotive market due to the oversize presence of Detroit in shaping the global automobile industry in the 21st century. There is also an awareness of new technologies and an eagerness to adopt them. However, the EU and countries like China and India are expected to surpass the U.S. within the next decade because of the reduction in costs, increasing awareness of 3D printing and also a strong focus on automobile manufacturing by the respective governments. Thus, the scope for 3D printing in the automotive market seems very bright indeed.

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