Automotive and Transportation Automotive 3D Printing Market Report | Page 3

Automotive 3D Printing Market
Geographically, North America was the largest automotive 3D printing market, followed by Europe and Asia-
Pacific, during the historical period. The penetration of 3D printing application is highest in North America
mainly due to early adoption of technologies as compared to other regions. However, Asia-Pacific is expected
to lead the market during the forecast period, owing to increasing investments by public and private
establishments in the region. Also, countries such as China and India are expected to invest heavily to
commercialize several technologies in the automotive sector. Additionally, expiration of key patents related to
3D printing processes has impelled manufacturers and start-ups to enter the market in the region. Apart from
these, decline in prices of 3D printers would also boost the demand for 3D printing.
Drivers
Increasing need to manufacture complex design in the automotive sector within short span of time, coupled
with increasing demand for precise machined components and high product quality is the primary factor
driving the automotive 3D printing market. 3D printing process has a number of advantages over traditional
manufacturing process such as shorter value chain, time and cost reduction through elimination of assembly
steps, greater customization and design freedom, and minimal wastage. Additionally, at the initial stage of
production, the usage of 3D printing is beneficial, as designers can early identify errors or defects from initial
prototype; thus, eventually reduces overall production lead time and operational cost.
P&S Intelligence