3d Printing in Automobile Industry| COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players and Forecast To 2022
3d Printing in Automobile Industry Overview
The increasing focus on introducing innovative and effective printing materials to offer lightweight spare parts, decreasing material wastage, and lessening the turnaround time is fueling the development of the global 3d Printing in Automobile Industry over the assessment period. The increasing government support for research and development activities in 3D printing technology is anticipated to positively impact on the expansion of the global 3d Printing in Automobile Industry.
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Competitive Analysis
The leading market players operating in the global market as identified by MRFR are Autodesk, Stratasys Ltd, 3D Systems, Inc, Arcam AB, Exone, EnvisionTEC, Inc, Voxeljet AG, Ponoko Ltd, Local Motors, Optomec, Inc and among others. The augmented investments in research and development for introduction of modern printing materials and cost-efficient printers has strengthened the competition amid the players of the global 3d Printing in Automobile Industry.
Segmental Analysis
The global 3d Printing in Automobile Industry has been analyzed on the basis of material, technology, and application. Based on the technology, the market for Automotive 3D Printing is divided into laser sintering, stereolithography (SLA), laminated object manufacturing, electron beam melting, and others. Among these, the stereolithography (SLA) holds the maximum market share in the global 3d Printing in Automobile Industry by 2023.
By the material, the COVID-19 Impact, is divided into alloys metal, and others. Based on application, the global 3d Printing in Automobile Industry is segmented into research and development activities, prototyping and tooling, manufacturing, and others.
Regional Analysis
The geographical analysis of the global market has been conducted in four major regions, covering the North America, Asia Pacific, Europe, and the rest of the world (Latin America, the Middle East and Africa). Among these, the Europe region holds the largest market share in the global 3d Printing in Automobile Industry due to the presence of large number of automotive manufacturers in a higher concentration that are siding towards the integration of 3D printing technology in the production process in this region.
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