Automotive and Transportation Automotive Additive Manufacturing Market | Page 2

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Automotive Additive Manufacturing Market To Reach USD 11.85 Billion By 2026
New and improved technologies, government financial support, large - scale application area is likely to
stimulate demand.
Market Size – USD 6.45 Billion in 2018, Market Growth - CAGR of 7.5%, Market Trends – Rapid product
development at low cost and customer - friendly product development
The Automotive Additive Manufacturing Market is expected to grow from USD 6.45 Billion in 2018 to
USD 11.85 Billion by 2026, at a CAGR of 7.5%. New and improved technologies, government financial
support, large - scale application area, rapid low - cost product development and easy custom product
development are the main drivers intended to drive the automotive additive manufacturing market.
Automotive industry stakeholders around the world are now racing towards full industrialization and
integration of the AM process in their end - to - end production workflow, starting with software and
materials, going through the actual AM hardware and ending with services and a growing number of
potential applications.
Thus, 3D printing is well positioned to expand its use as the primary technology for automotive
prototyping and tooling, while at the same time creating a stronger than ever opportunity for serial and
mass production of customized parts.
To identify the key trends in the industry, click on the link
below: https://www.reportsanddata.com/report-detail/automotive-additive-manufacturing-market
Further key findings from the report suggest
 The Automotive Additive Manufacturing Market is expected to grow from USD 6.45 Billion in
2018 to USD 11.85 Billion by 2026, at a CAGR of 7.5%. New and improved technologies,
government financial support, large - scale application area, rapid low - cost product
development and easy custom product development are the main drivers intended to drive the
automotive additive manufacturing market.
 On the basis of material-type, the metal segment is expected to hold the largest market share as
3D printing is easy to use in the manufacture of end products (engines, spare parts, other
interior and exterior parts).
 While the market continues to focus on prototyping and tooling, by the end of the forecast
period, parts production will become the primary revenue opportunity, surpassing prototyping,
tooling, hardware and materials.
 Production of parts including metal and polymer parts produced by automotive OEMs internally
as well as in outsourcing. These are expected to be the primary revenue opportunity for the
automotive additive manufacturing market that drives the whole segment, amounting to almost
USD 11.85 Billion by the end of the forecast period.
 Europe is forecasted to grow the largest during the forecast year and is expected to maintain its
dominance over the forecast period. Increasing expenditure, rising income levels, low
manufacturing costs, rapid product development, and lower competition than mature countries
have also amplified market players ' interest in emerging markets.
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