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Automotive 3D Printing Market Trends

  • Report ID: GMI11257
  • Published Date: Sep 2024
  • Report Format: PDF

Automotive 3D Printing Market Trends

The automotive 3D printing industry is advancing rapidly due to the development of high-performance materials such as carbon-fiber-reinforced composites, titanium, and aluminum alloys. This progress is driven by automotive manufacturers' need for parts that offer improved strength, durability, and performance. The industry’s focus on leveraging these advanced materials is crucial for producing critical components such as structural parts, engine components, and custom tooling. These innovations are essential for enhancing vehicle functionality and meeting the demands of modern automotive design and manufacturing.
 

For example, in March 2024, HP introduced a new 3D printing material, HP 3D HR PA 12, developed in collaboration with Arkema. This high-performance material is designed for use with HP’s Multi Jet Fusion technology and features enhanced heat resistance and durability. It aims to improve the production of functional parts for demanding applications, such as automotive and industrial components. The material’s advanced thermal properties and mechanical strength make it ideal for parts requiring high performance and reliability under extreme conditions.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for automotive 3D printing was valued at USD 4.7 billion in 2023 and is projected to register 14.2% CAGR from 2024 to 2032 driven by the rising demand for customization in vehicle design.

The hardware segment in the automotive 3D printing market held 66% share in 2023 driven by the increasing adoption of advanced 3D printers and printing technologies.

North America market held 38% share in 2023, due to its advanced technology adoption and strong automotive industry presence.

3D Systems, Formlabs, HP, Materialise, Nikon SLM, Renishaw, and Stratasys

Automotive 3D Printing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 320
  • Countries covered: 24
  • Pages: 180
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