Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor 3D Printing in Automotive Market Research Report - | Page 3

Global In-flight Advertising Market Research Report: Forecast to 2023
Global 3D Printing in Automotive Market Information Report, By Technology
(Stereolithography (SLA), Laser Sintering, Electron Beam Melting, Laminated Object
Manufacturing and Others), By Material (Metal, Alloys and Others), By Application
(Prototyping and Tooling, Manufacturing, R&D Activities and Others), By Region - Forecast
To 2023
Market Scenario:
Increasing research and development activities and innovations is strengthening the
automotive industry worldwide. With a huge capital investment in automotive
technology, several manufacturers are focusing on light weight vehicles to decrease the
fuel consumption and low emission. Among all the R&D activities, 3D printing in
automotive has come up with a rapid pace and gaining attention in the global
automotive industry.
Over the past few years, the precedence of 3D printing in automotive has gained a
positive impression among the manufacturers due to its several driving factors such as
light weight body material, increasing investment, huge spending on research and
development and technological innovations. Due to these driving factors, the global
market for 3D printing in automotive industry is increasing at a rapid pace with a surge in
demand. Moreover, the manufacturers such as Local Motors, Honda and others have
released several 3D printed cars and those cars had gained a much attention in the
global market. This types of moves in the automotive industry boost the value in the
market. As per MRFR analysis, the global market for 3D printing in automotive is
expected to reach USD 2,512.3 million by 2023 with a CAGR of 26.2%.
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