3D Vehicle Printer Industry Will Be Fiercely Competitive in 2019

The report on 3D vehicle printer market is suitably segmented and sub-segmented so that it can shade light on every aspect of market such as type of product, application, and region. On the basis of recent developments and past data, the report prophesies future revenue, growth, and trend of the 3D vehicle printer market. This information is represented in curves, tables, margins, pie charts. Additionally, it emphasizes on faster growing segments and emerging trends in the market.

The automotive industry includes a number of companies involved in the conception, design, manufacturing, marketing and sales of automobiles. It is one of the world’s most important industries, particularly in countries like Japan, South Korea and Germany. Additive manufacturing, also called 3D printing is a manufacturing technique which uses a process called layering to create products of that material. It was first invented in the 1980’s and is beginning to see widespread adoption in the 21st century. 3D printing in the automotive market can be truly transformational in its application. It can be used to print car parts, accessories, create new concept vehicles and even fine-tune vehicles to a customer specific requirement. Until very recently, 3D printing could only be used to print certain parts of the car and was only used for rapid prototyping. Now, it is possible to create an entire vehicle from scratch in less than 2 days!

3D printing in the Automotive Market Drivers

One of the main drivers of 3D printing in the automotive market is supply chain optimization. 3D printing dramatically improves market responsiveness of automobile companies to changing customer tastes and preferences. It enables them to produce multiple product variations with very little cost increase. It substantially reduces scrap, material usage and helps manufacturers reduce their carbon footprint. This is absolutely critical for an industry which unfortunately creates too much of both air and noise pollution. Greater pressure put on companies by the government to go green will also spur adoption of 3D printing in the automotive market. Intense competition amongst manufacturers to create lighter, smarter and more fuel efficient vehicles will also play a major role for implementing 3D printing in the automotive market. 3D printing helps companies create customer specific automotive products, which will be key to maintaining their loyalty in the future.

3D printing in the Automotive Market Restraints

There are several restraints pertaining to 3D printing in the automotive market with a major one being cost. The automotive industry is capital intensive with substantial investment required for designing, developing, testing and selling automobiles. Hence, companies look to reduce their overheads wherever possible. 3D printers cost millions of dollars for each unit, which can pose a major roadblock to domestic and smaller players in the industry. Another problem is the limited materials used in additive manufacturing. Conventional manufacturing allows automobile companies to experiment with a wide variety of metals and alloys. However, 3D printing has not yet evolved to that level and these materials are also extremely expensive at present. Parts produced through 3D printing in the automotive market sometimes show variability due to thermal stress or other voids. This is a major issue in an industry which needs to mass-produce components with the highest standards of quality and reliability.

3D printing in the Automotive Market Key Regions

The largest automotive manufacturers in the world today are China, the U.S., Japan, South Korea, Germany and India. The U.S. is currently the largest market for 3D printing in the automotive market due to the oversize presence of Detroit in shaping the global automobile industry in the 21st century. There is also an awareness of new technologies and an eagerness to adopt them. However, the EU and countries like China and India are expected to surpass the U.S. within the next decade because of the reduction in costs, increasing awareness of 3D printing and also a strong focus on automobile manufacturing by the respective governments. Thus, the scope for 3D printing in the automotive market seems very bright indeed.

3D printing in the Automotive Market Key Market Players 

Some of the key players involved in 3D printing in the supply chain market are 3D Systems, Koenigsegg, HP Development Company, Local Motors, Safran Turbomeca, Audi, Blade, Honda, Hankook Tires, Ai Design, Optomec , and Stratasys.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

· Tailwinds and headwinds molding the market’s trajectory

· Market segments based on products, technology, and applications

· Prospects of each segment

· Overall current and possible future size of the market

· Growth pace of the market

· Competitive landscape and key players’ strategies

The main aim of the report is to:

· Enable key stakeholder’s in the market bet right on it

· Understand the opportunities and pitfalls awaiting them

· Assess the overall growth scope in the near term

· Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.