Global Automotive 3D Printing Market Size To Exceed USD 18.28 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Automotive 3D Printing Market Size is Expected to Grow from USD 3.75 Billion in 2023 to USD 18.28 Billion by 2033, Growing at a CAGR of 17.16% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Automotive 3D Printing Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, Service), By Technology (Stereolithography (SLA), Selective Laser Sintering (SLS), Fused Deposition Modeling (FDM), Electron Beam Melting (EBM), Digital Light Processing (DLP), Others), By Application (Production, Innovation, R&D, Prototyping), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis and Forecast 2023 – 2033
The international automotive 3D printing market refers to the business concerned with manufacturing and distributing technology system that produces complex parts, prototypes, and tools. This market enables lightweight designs, faster production times, and cost efficiency. This market growth is propelled by to growing demand for customized products in the automotive sector. Moreover, the market is growing mainly due to the substantial expansion of the automotive industry and the rising need for lightweight materials to improve vehicle fuel efficiency, especially with where rising popularity of EVs and their vehicle ownership. Also, the rising popularity of luxury cars opens a wide opportunity for market expansion. However, market growth could be impeded by high upfront costs and a lack of expert personnel.
The hardware segment held the highest share of the global automotive 3D printing market in 2023 and is anticipated to grow at a notable CAGR over the forecast period.
On the basis of the component, the global automotive 3D printing market is divided into hardware, software, and services. Among these, the hardware segment held the highest share of the global automotive 3D printing market in 2023 and is anticipated to grow at a notable CAGR over the forecast period. This is due to a crucial function in the manufacturing process, continuous technological advancement, a wide range of products offered, which allow automakers to fabricate intricate parts more precisely and effectively.
The selective laser sintering segment held the highest share of the global automotive 3D printing market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.
On the basis of the technology, the global automotive 3D printing market is divided into stereolithography (SLA), selective laser sintering (SLS), fused deposition modeling (FDM), electron beam melting (EBM), digital light processing (DLP), and others. Among these, the selective laser sintering segment held the highest share of the global automotive 3D printing market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This is because of the developing design of automotive parts and smooth interior surfaces.
The production segment accounted for a significant share of the global automotive 3D printing market in 2023 and is anticipated to grow at a rapid pace over the forecast period.
On the basis of the application, the global automotive 3d printing market is segmented into production, innovation, R&D, and prototyping. Among these, the production segment accounted for a significant share of the global automotive 3D printing market in 2023 and is anticipated to grow at a rapid pace over the forecast period. This is due to the popularity of customized cars with distinctive features and looks, and the industry's revolutionary transition to on-demand and more configurable manufacturing models.
North America is projected to hold the largest share of the global automotive 3D printing market over the forecast period.
North America is expected to hold the greatest share of the global automotive 3D printing market over the forecast period. The regional market is propelling due to the existence of a strong automotive sector, research institutes, and the use of cutting-edge manufacturing technologies. Further, leading suppliers of additive manufacturing technology, including Stratasys Ltd., 3D Systems Corporation, Autodesk, Inc., and massive manufacturing abilities, and optimizing design expertise, which propels the market growth.
Europe is anticipated to grow at the fastest CAGR of the global automotive 3D printing market over the forecast period. The market expansion throughout the region is further driven by a high priority on technological innovation, to increase productivity, cut expenses, and shorten product development. Major automakers and suppliers in nations like Germany, France, Italy, and the United Kingdom are progressively using additive manufacturing technology in their production, which influences market growth.
Company Profiling
Major vendors in the global automotive 3D printing market are 3D Systems Corporation, Stratasys Ltd., Voxeljet AG, Materialise NV, Autodesk, Inc., The ExOne Company, Envisiontec GmbH, Ultimaker BV, Nexa3D, SLM Solutions, EOS GmbH, Desktop Metal Inc., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In February 2023, Ford opened a new 3D Printing Centre in Cologne, Germany, to support the production of its first all-electric vehicle in Europe. This facility was part of Ford's transformation of its Cologne plant into an Electrification Center. The 3D Printing Centre featured advanced printers capable of producing tools, fixtures, and components for pilot and small-series vehicles.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive 3D printing market based on the below-mentioned segments:
Global Automotive 3D Printing Market, By Component
- Hardware
- Software
- Service
Global Automotive 3D Printing Market, By Technology
- Stereolithography (SLA)
- Selective Laser Sintering (SLS)
- Fused Deposition Modeling (FDM)
- Electron Beam Melting (EBM)
- Digital Light Processing (DLP)
- Others
Global Automotive 3D Printing Market, By Application
- Production
- Innovation
- R&D
- Prototyping
Global Automotive 3D Printing Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa