Global 3D Printing Automotive Market
Global 3D Printing Automotive Market is expected to grow at CAGR of 21.8% during the forecast period of 2019-2026. The share of various industries in the 3-D printing market is as given in the below table.
While automotive original equipment manufacturers (OEMs) and suppliers predominantly use Additive Manufacturing (AM) for rapid prototyping, the technical course of AM makes a solid case for its usage in product innovation and mass production in the future. As compared to traditional manufacturing processes AM can produce components with fewer design restrictions making it flexible enough to manufacture products with custom features and complex geometries. Furthermore lower handling cost, as well as lower inventory cost, decentralized production, a wider range of amenable materials, improved product quality and reduced post-processing, are some other compelling driving forces to opt for this technology over traditional ones.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
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Last Update : Aug 24, 2020
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