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.
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
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