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(Wireless-NewsWire.Com, January 23, 2018 ) According to Publisher, the Global Automotive 3D Printing market is expected to grow from $785.26 million in 2016 to reach $2951.70 million by 2023 with a CAGR of 20.8%. Rising acceptance of 3D printing technology by automotive companies to reduce their manufacturing costs is primarily favoring the automotive 3D printing market. Moreover, efficient & multi-use materials for printing, well-organized logistic management and customization of products and government investments in 3D printing & related products, are the factors enhancing market growth. However, lack of uniform process control and high cost of 3D printers are hampering the market.
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By technology, the Stereolithography segment is anticipated to hold the dominant share in the market owing to its speed and techniques to design and manufacture objects, thereby benefiting various industries significantly. Geographically, North America commanded the largest market share due to the early adoption and awareness of the technology. The ability to build complex shapes using fewer parts and less material wastage is inducing major automotive manufacturers in this region to adopt 3D printing.
Some of the key players in the Automotive 3D Printing market are Arcam AB, 3D Systems Corporation, Stratasys Inc, Voxeljet AG, Optomec Inc, Autodesk, Local Motors, Hoganas AB, Ponoko Ltd, Exone, Airwolf3D, EOS, Sculpteo and Envisiontec GmbH.
Applications Covered:
-Research, Development & Innovation
-Manufacturing Complex Components
-Prototyping & Tooling
-Other Applications
Materials Covered:
-Polymer
-Metals & Alloys
-Other Materials
Technologies Covered:
-Fused Disposition Modeling
-Stereolithography
-Three Dimensional Inject Printing
-Electron Beam Melting (EBM)
-Selective Laser Sintering
-Laminated Object Manufacturing
-Other Technologies
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Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany
-UK
-France
-Italy
-Spain
-Rest of Europe
-Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-South Korea
-Rest of Asia Pacific
-South America
-Argentina
-Brazil
-Chile
-Rest of South America
-Middle East & Africa
-Saudi Arabia
-UAE
-Qatar
-South Africa
-Rest of Middle East & Africa Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany
-UK
-France
-Italy
-Spain
-Rest of Europe
-Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-South Korea
-Rest of Asia Pacific
-South America
-Argentina
-Brazil
-Chile
-Rest of South America
-Middle East & Africa
-Saudi Arabia
-UAE
-Qatar
-South Africa
-Rest of Middle East & Africa
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Rajat Sahni
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Source: EmailWire.Com 
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