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

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More information from: https://www.marketresearchfuture.com/reports/4207
3D Printing in Automotive Market Research Report - Global
Forecast to 2023
Report / Search Code: MRFR/AM/2863-HCRR
Publish Date: June, 2018
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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%.
Market Research Future has segmented the global 3D printing in automotive into
technology, material, application and region. On the basis of technology, the market has
been divided into stereolithography (SLA), laser sintering, electron beam melting, laminated
object manufacturing and others. As per the market analysis, stereolithography (SLA)
technology is expected to rule the market during forecasted period. Whereas on the basis
of material, the market has been divided into metal, alloys and others. While the application
of 3D printing in automotive market includes prototyping and tooling, manufacturing, R&D
activities and others. Geographically, the market has been divided into for major regions
such as North America, Asia-Pacific, Europe and Rest of the World. Among these regions,
Europe has come up as the leading region in terms of revenue. Advanced technological
innovations, skilled labor force huge automotive spending have boosted up the European
market. However, North America and Asia-Pacific are considerably the second and third