3D printing is a process of producing three dimensional objects using printing machine. A digital file is an input given to printing machine. 3D printer is a type of industrial robot which provides innovative designing and high levels of adaptability. It has the ability to manufacture parts without expensive tooling. 3D printing is used to print spare parts in automotive, aerospace, and military applications. 3D printed spare parts offer high tolerance to temperature and pressure.
Reduction in costs & time of rapid prototyping and government investments in 3D printing-related R & D projects are key factors driving the growth of the global 3D printing automotive market. However, high cost, standardization issues of 3D printing materials, and lack of standardized process control are factors hindering growth of the market. On the other hand, untapped markets for 3D printing applications create opportunities for growth.
The global 3D printing automotive market is segmented based on technology, materials, application, and geography. The technologies covered in the report are SLA, SLS, FDM, EBM, LOM, and 3DIP. The application segment is classified into prototyping & tooling, R & D, and manufacturing. Materials included in the report are metals and polymers. The market is segmented geographically into North America, Asia-Pacific, Europe, and LAMEA.
The prominent manufacturers operating in the market are 3D Systems Corporation, Autodesk, Arcam AB, Stratasys Inc., Voxeljet AG, ExOne, Hoganas AB, Optomec Inc., Local Motors, and Ponoko Ltd. These manufacturers have implemented various strategies, such as partnerships, collaborations, mergers & acquisitions, expansions, joint ventures, and others to strengthen their position in the market.
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