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(IT-NEWSWIRE.COM, September 03, 2018 ) August 2018, New York USA (News)- In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Automotive 3D Printing market for 2018-2023.
the global automotive 3D printing market identifies the introduction of low-cost entry level 3D printers as one of the major factors that will have a positive impact on the market’s growth. The availability of entry-level printers will influence tier-2 and tier-3 plastic parts manufacturers and automotive suppliers to adopt 3D printing technology for manufacturing small parts including dampers and bearings. Moreover, the development of affordable entry-level 3D printing technology will increase the adoption and will subsequently reduce the cost of high-capability 3D printers that are currently being used only for industrial applications, in turn, increasing their adoption.
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In terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the next few years. Benefits such as the ability to build complex shapes using fewer parts, less material wastage, and the ability to build lightweight products that help in saving fuel costs, is inducing major automotive manufacturers in this region to adopt 3D printing.
Over the next five years, LPI(LP Information) projects that Automotive 3D Printing will register a 20.1% CAGR in terms of revenue, reach US$ 2280 million by 2023, from US$ 910 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive 3D Printing market by product type, application, key manufacturers and key regions.
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The key manufacturers covered in this report:
3D Systems Corporation
Arcam AB
Autodesk, Inc.
EnvisionTEC
Hoganas AB
Optomec, Inc.
Ponoko Limited
Stratasys Ltd.
The ExOne Company
Voxeljet AG
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Segmentation by product type:
Products
Services
Materials
Segmentation by application:
Inhouse
Outsourced
Research objectives
To study and analyze the global Automotive 3D Printing (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Floriculture market by identifying its various subsegments.
Focuses on the key global Floriculture manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Floriculture with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Floriculture submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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