Impact of COVID-19 on the Global 3D Printing in the Automotive Market

Posted 2021-06-01 07:10:58

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Market Scenario

As per the recent assessment by Market Research Future Reports (MRFR), the global 3D Printing in the Automotive Market is projected to value USD 2,512.3, thriving at a CAGR of 26.2% by the end of 2023. The massive capital investment in automotive technology is the major factor driving the global 3D printing in automotive market 2020. The 3D printing in the automotive field has gained traction among the industrialists due to the rising investments, lightweight body, massive expenditure on research and development and the technological advancements. Owing to these factors, 3D printing in the automotive industry is rising at a fast pace. Moreover, the distinguished players such as Honda, Local Motors, and others have unveiled the 3D printed cars, which bloomed in the global market. With massive capital investment in automotive technology, various producers are paying attention to vehicles which demand lesser fuel consumption, low emission. The continuous research and development activities have led to a fast expansion of the global automotive market.

The assessment carried out by MRFR displays the effect of the COVID-19 pandemic. Also, an in-depth analysis of factors amplifying and thwarting the market in the post-COVID-19 environment has been evaluated. We will provide COVID-19 impact analysis with the report.

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Market Segmentation

The worldwide 3D Printing in the Automotive Market can be classified on the basis of material, technology, application, and region.

On the grounds of material, the worldwide 3D Printing in the Automotive Market can be classified into metal, alloys, and others.

On the grounds of technology, the worldwide 3D Printing in the Automotive Market can be classified into laminated object manufacturing, laser sintering, stereolithography (SLA), electron beam melting, others.

On the grounds of application, the worldwide 3D Printing in the Automotive Market can be classified into prototyping and tooling, manufacturing, R&D activities and others

On the grounds of the region, the worldwide 3D Printing in the Automotive Market can be classified into North America, Asia-Pacific, Europe and Rest of the World (RoW).

Regional Analysis

The geographical analysis of North America, Asia-Pacific, Europe and Rest of the World (RoW) has been performed. As per the analysis, North America is experiencing a considerable demand due to the rising usage in aerospace. Among all nations, the US is estimated to make the most significant contribution in expanding the market. The US is the largest market for aerospace which results in the rising demand for aerospace parts in the nation. Moreover, the booming healthcare sector in the region is escalating the demand for 3D printing materials medical equipment which is magnifying the market in the region during the review period. on the other hand, the APAC region is estimated to be a lucrative market during the forecast period. Owing to the presence of emerging countries like Japan, China, South Korea, and India, the region is expanding significantly. Among all nations, South Korea is estimated to make the highest sales in the APAC region and is the fastest expanding market. Moreover, the rising demand for customization in consumer, aerospace, automotive, medical, and manufacturing industries is a significant factor driving the regional market. As per the analysis, the European region is estimated to witness steady growth during the forecast period. The region consists of several established players which expand the market significantly.

Key Players

The distinguished players of the global 3D Printing in the Automotive Market can be classified into Autodesk, Inc, Stratasys Ltd, 3D Systems, Arcam AB, Voxeljet AG, EnvisionTEC, Inc, Exone, Local Motors, Ponoko Ltd, Optomec, Inc and among others.

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Key Questions Addressed by the Report

What was the historic market size?
Which segmentation (Product/ Capacity) is driving market?
What will be the growth rate?
How are the key players in this market?
What are the strategies adopted by key players?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

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