3D Printed Automotive Components Market Introduction
OEMs have begun adopting new technologies to manufacture components and parts of vehicles, and the latest technique is known as additive manufacturing (AM) or 3D printing. This process of manufacturing utilizes the 3D printer to develop the design constructed file or CAD file into a fully functional object. This manufacturing technique enables the manufacture of diverse products of varying complexity, shape, size, and material. In the process of manufacturing, the computer operated machine or printer forms a three dimensional object.
The printer uses a combination of different materials such as powdered grains fused with different liquid molecules and projected the material layer by layer to form the desired structure. 3D printed components are highly durable, strong, and can resist higher temperatures. These benefits have prompted automobile manufacturers to shift from conventional manufacturing process to 3D printed manufacturing process.
3D Printed Automotive Components Market – Competitive Landscape
Automakers such as BMW have widely accepted the 3D printed automotive component. In 2018, the company announced plans to produce more than 200,000 components using 3D printing. The window guide rail for BMW i8 Roadster was developed by 3D printing and the company took only five days to develop it. In 2018, BMW Group built a new additive manufacturing campus to increase the production of 3D printed automotive components.
Planning to lay down future strategy? Perfect your plan with our Report Brochure here https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=68255
3D Hubs
Founded in 2013, 3D Hubs has production facilities in over 140 countries globally. The company, with headquarters in Amsterdam, Netherlands, has manufactured more than 2 million parts since 2013. The company’s business vertical include 3D printing, CNC machining, and injection molding.
3D Printed Automotive Components Market Dynamics
Rising adoption of advanced technologies
The global 3D printed automotive components market is expected to expand owing to a rise in adoption of advanced technologies for manufacturing components in the automobile industry. Increased demand for light weight, durable, safe, highly tensile, high temperature-resistant, and less expensive components is anticipated to boost the demand for 3D printed automotive components, as these products can be seamlessly integrated in all types of automobiles.
Rise in sales of premium & luxury vehicles and growing stringency in emission norms to drive the 3D printed automotive component market
Increasing demand and sales of premium and new vehicles, stringent government norms and regulations regarding emission, higher fuel efficiency, and low emission, emerging economies, and technological enhancements are key factors that are projected to boost the global 3D printed automotive components market.
3D Printed Automotive Components Market Segmentation
Based on material type, the 3D printed automotive components market can be segmented into
- Nylon
- Resin
- Wax
- Metal
- Photopolymer
- Others
Based on process type, the 3D printed automotive components market can be classified into
- FDM
- DMLS/SLM
- Others
Based on application, the 3D printed automotive components market can be divided into
- Interior Accessories
- Under the hood components
- Air ducts
- Full scale panel
- Cast metal bracket & handle
- Bezels
- Lights
- Others
Based on sales channel, the 3D printed automotive components market can be bifurcated into
- OEM
- Aftermarket
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Looking for exclusive market insights from business experts? Request a Custom Report here https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=68255
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
Related Reports Press-Release –
- http://www.prnewswire.com/news-releases/global-electric-motorcycle-and-scooter-market-to-grow-to-a-value-of-us-14-29-bn-by-2027–growing-at-a-robust-cagr-of-7-1-over-2019-to-2027-transparency-market-research-301026045.html
- http://www.prnewswire.com/news-releases/steady-developments-and-demands-from-pharma-industry-to-help-process-spectroscopy-market-reach-valuation-worth-us3-8-bn-by-2027-end-projects-tmr-301026063.html
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com
