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According to a market report by Lucintel, the future of 3D printing materials in the global automotive market looks promising with opportunities in the prototyping & tooling, research, development & innovation, and manufacturing complex component applications. The use of 3D printing materials in the global automotive market is expected to reach an estimated $0.58 billion by 2028 with a CAGR of 16.1% from 2023 to 2028. The major drivers for this market are increasing need for quick prototyping and development of complex parts and growing demand for lightweight components in the automotive industry.



In this market, stereolithography (SLA), selective laser sintering (SLS), electron beam melting (EBM), fused deposition modeling (FDM), laminated object manufacturing (LOM), and three-dimensional inject printing are the major segments of 3D printing materials in automotive market by technology. Lucintel forecasts that stereolithography is expected to witness the highest growth over the forecast period due to its widespread application as an additive production method for developing lightweight, high precision, and precise vehicle parts.



Within this market, prototyping & tooling is expected to remain the largest segment because it helps in reducing expenses, shortens the lead time, and also helps in minimizing the wastage.



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

3D Systems Corporation, Autodesk, Envisiontec, Polymaker, and Ponoko are the major suppliers for 3D printing materials in the global automotive market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for 3D printing materials in the global automotive market by technology, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for 3D Printing Materials in the Global Automotive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for 3D printing materials in the global automotive market by technology, application, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel 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.

 

Q.1. What are some of the most promising, high-growth opportunities for 3D printing materials in the global automotive market by technology (stereolithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing, three-dimensional inject printing, and others), application (prototyping & tooling, research, development & innovation, manufacturing complex component, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

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

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?