Global Automotive 3D Printing Market

Global Automotive 3D Printing Market Size, Share, Growth Analysis, By Technology(Fused Deposition Modeling, Stereolithography), By Application(Prototyping, Tooling) - Industry Forecast 2023-2030


Report ID: SQMIG45E2205 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 64 | Figures: 75

Global Automotive 3D Printing Market Insights

Automotive 3D Printing Market size was valued at USD 1.66 billion in 2021 and is poised to grow from USD 2.05 billion in 2022 to USD 11.26 billion by 2030, growing at a CAGR of 23.7% in the forecast period (2023-2030).

The global automotive 3D printing market has witnessed significant growth in recent years, driven by advancements in additive manufacturing technology and increasing adoption by the automotive industry. With the automotive industry's increasing focus on fuel efficiency and environmental sustainability, 3D printing offers the capability to create lightweight yet robust parts, contributing to improved vehicle performance and reduced emissions. This advantage has led automotive manufacturers to explore and integrate 3D printing into their production processes, further fueling the market's expansion. Designers and engineers can quickly create prototypes of new vehicle models and parts, allowing for faster iteration and validation of designs. This not only accelerates the product development cycle but also reduces costs associated with traditional prototype manufacturing.As 3D printing technology becomes more accessible and affordable, automotive enthusiasts and repair shops are increasingly using it to produce replacement parts for older or rare vehicles. This trend is likely to open up new opportunities in the automotive aftermarket, presenting a positive outlook for the overall market.

US Automotive 3D Printing Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 1.66 billion

Largest Segment

Fused Deposition Modeling

Growth Rate

23.7% CAGR

Global Automotive 3D Printing Market ($ Bn)
Country Share for North America Region (%)
Global Automotive 3D Printing By Type ($ Bn)

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Global Automotive 3D Printing Market Segmental Analysis

The global automotive 3d printing market is segmented based on technology, application, and region. Based on type, the market can be segmented into Fused Deposition Modeling, Stereolithography, Selective Laser Sintering, Digital Light Processing. Based on application, the market is segmented into Prototyping, Tooling and End-Use Parts. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Automotive 3D Printing Market Analysis by Type

Fused Deposition Modeling (FDM) is the most dominant type in the global Automotive 3D printing market. FDM has gained widespread popularity due to its ease of use, cost-effectiveness, and ability to create functional prototypes and end-use parts with various thermoplastic materials. Many automotive manufacturers and suppliers have adopted FDM technology for rapid prototyping, tooling, and producing customised components, contributing to its dominant position in the market. Selective Laser Sintering (SLS) is the fastest-growing type in the global Automotive 3D printing market. SLS technology utilises high-powered lasers to sinter powdered materials, such as nylon, into complex 3D objects. In the automotive industry, SLS is increasingly used for manufacturing lightweight, durable, and structurally sound parts, including interior components and functional prototypes. The ability to produce parts without the need for support structures and its suitability for a wide range of materials have accelerated the adoption of SLS technology, making it the fastest-growing type in the market.

Automotive 3D Printing Market Analysis by Application

Among the different applications of 3D printing in the automotive industry, the most dominant segment is Prototyping. 3D printing has revolutionised the prototyping process in automotive design and development. It allows manufacturers to quickly create prototypes of various automotive components, facilitating rapid iteration and testing of designs before full-scale production. The ability to produce complex geometries and customised parts with ease has made 3D printing an indispensable tool in the prototyping stage of automotive product development.

On the other hand, the fastest growing application in the automotive 3D printing market is End-Use Parts. While prototyping has been the primary use of 3D printing in the automotive industry, advancements in additive manufacturing technology have enabled the production of functional and end-use parts for vehicles. As automotive manufacturers recognize the potential benefits of 3D printing in creating lightweight, durable, and complex components, the adoption of 3D printing for end-use parts is rapidly increasing. This growth is driven by the desire to reduce production costs, enhance design flexibility, and improve overall vehicle performance through the use of 3D-printed parts.

Global Automotive 3D Printing Market By Type, 2021 (%)

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Global Automotive 3D Printing Market Regional Insights

The most dominant region in the global automotive 3D printing market is North America. The region's dominance can be attributed to several factors, including a strong presence of key automotive manufacturers, robust technological advancements, and a favourable regulatory environment supporting additive manufacturing technologies like 3D printing. North America's early adoption of 3D printing technologies in the automotive sector has paved the way for innovative applications and rapid developments, making it a prominent market for Automotive 3D Printing solutions and services.

On the other hand, the fastest growing region in the Global Automotive 3D Printing market is Asia-Pacific. The Asia-Pacific region has been experiencing significant growth in the automotive industry, with countries like China, Japan, South Korea, and India emerging as major automotive manufacturing hubs.

Global Automotive 3D Printing By Geography, 2023-2030
  • Largest
  • Fastest

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Global Automotive 3D Printing Market Dynamics

Automotive 3D Printing Market Drivers

Cost Savings in Prototyping and Production

  • Automotive 3D printing offers cost-effective solutions for prototyping and low-volume production. Traditional manufacturing processes often involve high setup costs for producing small quantities of parts. In contrast, 3D printing allows for rapid and on-demand production without the need for expensive tooling and molds. This cost-saving benefit is particularly advantageous for niche or specialty vehicles with limited production runs.

Automotive 3D Printing Market Restraints

Intellectual Property Concerns

  • The ease of 3D printing can lead to concerns about intellectual property (IP) infringement. With the availability of digital design files, there is a risk of unauthorised replication and production of patented automotive components. This issue poses challenges in protecting the IP rights of automakers and suppliers.

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Global Automotive 3D Printing Market Competitive Landscape

The global automotive 3D printing market has witnessed significant growth in recent years, driven by advancements in additive manufacturing technologies and the automotive industry's increasing adoption of these innovative techniques. As the automotive sector seeks to enhance manufacturing efficiency, reduce production costs, and accelerate product development cycles, 3D printing has emerged as a promising solution.

Automotive 3D Printing Market Top Player’s Company Profiles

  • Stratasys Ltd. (US)
  • 3D Systems Corporation (US)
  • Materialise NV (Belgium)
  • HP Inc. (US)
  • ExOne Company (US)
  • EOS GmbH (Germany)
  • EnvisionTEC GmbH (Germany)
  • GE Additive (US)
  • SLM Solutions Group AG (Germany)
  • Voxeljet AG (Germany)
  • Carbon Inc. (US)
  • Proto Labs, Inc. (US)
  • Arcam AB (Sweden)
  • Optomec Inc. (US)
  • Formlabs Inc. (US)
  • Additive Industries BV (Netherlands)
  • XYZprinting Inc. (Taiwan)

Automotive 3D Printing Market Recent Developments

  • In May 2023, Porsche announced that it would be using 3D printing to produce the central seat and backrest cushion parts of its new electric sports car, the Taycan. The parts are made of polyurethane and are 3D printed using a selective laser sintering (SLS) process.
  • In April 2023, General Motors announced that it would be using 3D printing to produce the production tooling for its new electric pickup truck, the Chevrolet Silverado EV. The tooling is made of metal and is 3D printed using a laser powder bed fusion (LPBF) process.
  • In March 2023, Ford announced that it would be using 3D printing to produce the brackets for its new electric SUV, the Ford Mustang Mach-E. The brackets are made of plastic and are 3D printed using a fused deposition modelling (FDM) process.
  • In February 2023, BMW announced that it would be using 3D printing to produce the cooling channels for its new inline-six engine. The channels are made of metal and are 3D printed using a selective laser melting (SLM) process.
  • In January 2023, Mercedes-Benz announced that it would be using 3D printing to produce the fuel injector nozzles for its new inline-six engine. The nozzles are made of metal and are 3D printed using a direct metal laser sintering (DMLS) process.

Global Automotive 3D Printing Key Market Trends

  • Additive Manufacturing Technology: Automotive 3D printing, also known as additive manufacturing, is revolutionising the automotive industry by offering innovative solutions to design, prototyping, and manufacturing processes. As automotive companies seek to streamline production, reduce costs, and enhance product performance, 3D printing has emerged as a game-changer. This trend is driven by the unique advantages of 3D printing, including the ability to create complex geometries, lightweight structures, and customized components, all while reducing material waste. Furthermore, the technology enables rapid prototyping and faster time-to-market for new vehicle models and parts.

Global Automotive 3D Printing Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to the global automotive 3D printing market analysis, the increasing demand for advanced manufacturing technologies in the automotive industry is a key driver for market growth. 3D printing, also known as additive manufacturing, is revolutionising the automotive sector by enabling the production of complex and customised parts with enhanced efficiency and reduced lead times. The automotive industry is leveraging 3D printing for rapid prototyping, tooling, and even manufacturing end-use parts, leading to cost savings and improved product development processes. The adoption of 3D printing technology in the automotive sector offers numerous advantages, such as design flexibility, weight reduction, and optimization of component performance. The ability to create intricate designs and functional prototypes allows automotive manufacturers to streamline their production processes and achieve greater design freedom. In terms of regional analysis, North America holds a significant market share in the Automotive 3D Printing Market, driven by the presence of leading automotive manufacturers, research institutions, and technological advancements in the region. Additionally, Europe is a prominent region, supported by a strong automotive industry and the adoption of innovative manufacturing technologies. The Asia Pacific region is experiencing rapid growth in the Automotive 3D Printing Market due to expanding automotive production, favourable government initiatives, and investments in research and development. The increasing focus on electric vehicles and autonomous driving technologies in the region is also contributing to the adoption of 3D printing technology in the automotive sector.

Report Metric Details
Market size value in 2021 USD 1.66 billion
Market size value in 2030 USD 11.26 billion
Growth Rate 23.7%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Fused Deposition Modeling, Stereolithography, Selective Laser Sintering, and Digital Light Processing.
  • Application
    • Prototyping, Tooling, and End-Use Parts.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Stratasys Ltd. (US)
  • 3D Systems Corporation (US)
  • Materialise NV (Belgium)
  • HP Inc. (US)
  • ExOne Company (US)
  • EOS GmbH (Germany)
  • EnvisionTEC GmbH (Germany)
  • GE Additive (US)
  • SLM Solutions Group AG (Germany)
  • Voxeljet AG (Germany)
  • Carbon Inc. (US)
  • Proto Labs, Inc. (US)
  • Arcam AB (Sweden)
  • Optomec Inc. (US)
  • Formlabs Inc. (US)
  • Additive Industries BV (Netherlands)
  • XYZprinting Inc. (Taiwan)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Automotive 3D Printing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Automotive 3D Printing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Automotive 3D Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive 3D Printing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive 3D Printing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Automotive 3D Printing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Automotive 3D Printing Market size was valued at USD 1.66 billion in 2021 and is poised to grow from USD 2.05 billion in 2022 to USD 11.26 billion by 2030, growing at a CAGR of 23.7% in the forecast period (2023-2030).

The global automotive 3D printing market has witnessed significant growth in recent years, driven by advancements in additive manufacturing technologies and the automotive industry's increasing adoption of these innovative techniques. As the automotive sector seeks to enhance manufacturing efficiency, reduce production costs, and accelerate product development cycles, 3D printing has emerged as a promising solution. 'Stratasys Ltd. (US)', '3D Systems Corporation (US)', 'Materialise NV (Belgium)', 'HP Inc. (US)', 'ExOne Company (US)', 'EOS GmbH (Germany)', 'EnvisionTEC GmbH (Germany)', 'GE Additive (US)', 'SLM Solutions Group AG (Germany)', 'Voxeljet AG (Germany)', 'Renishaw Plc (UK)', 'Markforged Inc. (US)', 'Desktop Metal Inc. (US)', 'Carbon Inc. (US)', 'Proto Labs, Inc. (US)', 'Arcam AB (Sweden)', 'Optomec Inc. (US)', 'Formlabs Inc. (US)', 'Additive Industries BV (Netherlands)', 'XYZprinting Inc. (Taiwan)'

Automotive 3D printing offers cost-effective solutions for prototyping and low-volume production. Traditional manufacturing processes often involve high setup costs for producing small quantities of parts. In contrast, 3D printing allows for rapid and on-demand production without the need for expensive tooling and molds. This cost-saving benefit is particularly advantageous for niche or specialty vehicles with limited production runs.

Additive Manufacturing Technology: Automotive 3D printing, also known as additive manufacturing, is revolutionising the automotive industry by offering innovative solutions to design, prototyping, and manufacturing processes. As automotive companies seek to streamline production, reduce costs, and enhance product performance, 3D printing has emerged as a game-changer. This trend is driven by the unique advantages of 3D printing, including the ability to create complex geometries, lightweight structures, and customized components, all while reducing material waste. Furthermore, the technology enables rapid prototyping and faster time-to-market for new vehicle models and parts.

The most dominant region in the global automotive 3D printing market is North America. The region's dominance can be attributed to several factors, including a strong presence of key automotive manufacturers, robust technological advancements, and a favourable regulatory environment supporting additive manufacturing technologies like 3D printing. North America's early adoption of 3D printing technologies in the automotive sector has paved the way for innovative applications and rapid developments, making it a prominent market for Automotive 3D Printing solutions and services.

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