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Recent research: Burgeoning trend for the development of new 3D printing designs from key companies in the market is set to boost the Europe automotive 3D printing market to 19.93% CAGR over the next decade

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The report "Europe Automotive 3D Printing Market": By Technology (Selective laser sintering, Digital light processing, selective light melting); By Raw material (Plastic, Polymer & Others); By Application (Production, Prototyping); & By Geography - Forecast (2018-2024).

Envision Inteligence estimates that Europe Automotive 3D Printing market is projected to reach $2851.2 million by the end of 2024 with a CAGR of 19.95% from $762.5 million in 2018.

Introduction:

Manufacturing the 3D models with the help of the specially designed printers lead the markets of 3D printing to explore around the globe, as the manufacturers are trying to minimize the material usage and reduce the costs & time. Acceptance of 3D printing technology by automotive manufacturers, well-organized logistics management and customization of products are accelerating this market related to the automotive 3D printing.

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3D Printing has created its impact in all the regions across the globe.

Along with giving the design 3D printing is also used to deliver the working prototype in a turnaround time. 3D printing technology is used for applications which include conventional printers to print the parts, accessories and manufacturing complex automotive parts in a shorter span of time.

The key companies like 3D systems, Stratasys Inc., Autodesk Inc. are indulged in the manufacturing of the newer 3D printers which are more energy efficient and complete the tasks in the required amount of time.

Prototyping and the tooling models which are manufactured by the major players subjected the highest market share by application in the European markets of the 3D printing and is estimated to grow in the forecast period.

Key players in the market include:

  • 3D Systems Inc.
  • Auto desk Inc.
  • Stratasys Inc.
  • The ExOne Company
  • Arcam AB

Reasons to access this report:

This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.

Key pointers in the report include:

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  • A complete 360-degree analysis including product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period for the key players operating in the market is included in the report.
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