3D Printing Materials in the Global Automotive Market is anticipated to grow at a CAGR of 16.1% during 2023-2028

iCrowd Newswire
26 May 2023, 03:50 GMT+10

The global 3D printing materials in the global automotive market is projected to reach $0.58 billion by 2028, at a CAGR of 16.1% during 2023-2028. The growth of 3D printing materials in the global automotive market is driven by increasing need for quick prototyping and development of complex parts and growing demand for lightweight components in the automotive industry.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the 3D printing materials in the global automotive market by technology (stereolithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing, etc), application (prototyping & tooling, research, development & innovation, etc), and regions?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the 3D printing materials in the global automotive market?

Q.4 What are some changing demands of customers in the 3D printing materials in the global automotive market?

Q.5 What are the new developments in the 3D printing materials in the global automotive market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this 3D printing materials in the global automotive area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this 3D printing materials in the global automotive market?

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Market Segmentation:

Based on technology, the 3D printing materials in the global automotive market is segmented into stereolithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing, etc. The stereolithography segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its widespread application as an additive production method for developing lightweight, high precision, and precise vehicle parts.

North America will remain the largest region due to increasing production of ICE vehicles and EVs equipped with 3D printed parts in the region.

Key Players in the 3D printing materials in the global automotive market are 3D Systems Corporation, Autodesk, Envisiontec, Polymaker, and Ponoko.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/3d-printing-materials-in-the-global-automotive-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. 972.636.5056

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