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The key vendors of 3D printing in the automotive market are
These players are adopting partnerships and collaboration strategies to attain inorganic growth and gain a market share. For instance, in 2018 SLM Solutions & EOS partnered with Audi to implement 3D printing technology in its automobile manufacturing facility. The partnership is aimed at developing a new product folio and gain an edge over its competitors. Furthermore, it will provide the companies with an edge over major 2D printer vendors.
The 3D printing industry has remained nascent but has shown rapid growth over the last decade. The companies operating in the market have attracted robust investment activities to capitalize on the untapped & expansive market opportunities. However, the market share concentration is low compared to the traditional manufacturing market in the automotive sector.