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The global 3D printing automotive market is anticipated to grow at a CAGR of 19.55% during the forecast period to reach USD4079.76 million by 2026. https://bit.ly/3BOIbeE
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2016 – 2026 GLOBAL 3D PRINTING AUTOMOTIVE MARKET FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING 1 1 © TechSci Research Automotive
Table of Contents S. No. Contents 1. Service Overview 2. Research Methodology 3. Impact of COVID-19 on Global 3D Printing Automotive Market 4. Executive Summary 5. Voice of Customer 5.1. Brand Awareness 5.2. Challenges/Unmet Needs 5.3. Factors Considered for Selecting 3D Printing Services 6. Global 3D Printing Automotive Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.1.2. By Volume (Automotive 3D Printer Shipment) 6.2. Market Share & Forecast 6.2.1. By Material (Metals, Polymer and Others) By Technology (Stereolithography, Fused Disposition Modelling, Selective Laser Sintering, Laminated Object Manufacturing, Three Dimensional Inject Printing and Others) By Application (Prototyping & Tooling, Research, Development & Innovation and Others) 6.2.2. Manufacturing Complex Components, 6.2.3. 6.2.4. By Region 6.2.5. By Company (2020) 6.3. Market Map (By Material, By Region) 2 2 © TechSci Research Automotive
Table of Contents S. No. Contents 7. North America 3D Printing Automotive Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.1.2. By Volume (Automotive 3D Printer Shipment) 7.2. Market Share & Forecast 7.2.1. By Material 7.2.2. By Technology 7.2.3. By Application 7.2.4. By Country 7.3. North America: Country Analysis 7.3.1. United States 3D Printing Automotive Market Outlook 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value 7.3.1.1.2. By Volume (Automotive 3D Printer Shipment) 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Material 7.3.1.2.2. By Technology 7.3.1.2.3. By Application 7.3.2. Mexico 3D Printing Automotive Market Outlook 7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value 7.3.2.1.2. By Volume (Automotive 3D Printer Shipment) 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Material 7.3.2.2.2. By Technology 7.3.2.2.3. By Application 3 3 © TechSci Research Automotive
Table of Contents S. No. Contents 7.3.3. Canada 3D Printing Automotive Market Outlook 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value 7.3.3.1.2. By Volume (Automotive 3D Printer Shipment) 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Material 7.3.3.2.2. By Technology 7.3.3.2.3. By Application 8. Europe 3D Printing Automotive Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.1.2. By Volume (Automotive 3D Printer Shipment) 8.2. Market Share & Forecast 8.2.1. By Material 8.2.2. By Technology 8.2.3. By Application 8.2.4. By Country 8.3. Europe: Country Analysis 8.3.1. Germany 3D Printing Automotive Market Outlook 8.3.1.1. Market Size & Forecast By Value 8.3.1.1.1. By Volume (Automotive 3D Printer Shipment) 8.3.1.1.2. 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Material 4 4 © TechSci Research Automotive
Table of Contents S. No. Contents 8.3.1.2.2. By Technology 8.3.1.2.3. By Application 8.3.2. Spain 3D Printing Automotive Market Outlook 8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value By Volume (Automotive 3D Printer Shipment) 8.3.2.1.2. 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Material 8.3.2.2.2. By Technology 8.3.2.2.3. By Application 8.3.3. France 3D Printing Automotive Market Outlook 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value By Volume (Automotive 3D Printer Shipment) 8.3.3.1.2. 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Material 8.3.3.2.2. By Technology 8.3.3.2.3. By Application 8.3.4. United Kingdom 3D Printing Automotive Market Outlook 8.3.4.1. Market Size & Forecast 8.3.4.1.1. By Value 8.3.4.1.2. By Volume (Automotive 3D Printer Shipment) 8.3.4.2. Market Share & Forecast 8.3.4.2.1. By Material 8.3.4.2.2. By Technology 8.3.4.2.3. By Application 5 5 © TechSci Research Automotive
Table of Contents S. No. Contents 8.3.5. Italy 3D Printing Automotive Market Outlook 8.3.5.1. Market Size & Forecast 8.3.5.1.1. By Value 8.3.5.1.2. By Volume (Automotive 3D Printer Shipment) 8.3.5.2. Market Share & Forecast 8.3.5.2.1. By Material 8.3.5.2.2. By Technology 8.3.5.2.3. By Application 9. Asia-Pacific 3D Printing Automotive Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.1.2. By Volume (Automotive 3D Printer Shipment) Market Share & Forecast 9.2. 9.2.1. By Material 9.2.2. By Technology 9.2.3. By Application 9.2.4. By Country 9.3. Asia-Pacific: Country Analysis China 3D Printing Automotive Market Outlook 9.3.1. 9.3.1.1. Market Size & Forecast 9.3.1.1.1. By Value By Volume (Automotive 3D Printer Shipment) 9.3.1.1.2. 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Material 9.3.1.2.2. By Technology 9.3.1.2.3. By Application 6 6 © TechSci Research Automotive
Table of Contents S. No. Contents 9.3.2. Japan 3D Printing Automotive Market Outlook 9.3.2.1. Market Size & Forecast By Value 9.3.2.1.1. By Volume (Automotive 3D Printer Shipment) 9.3.2.1.2. 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Material 9.3.2.2.2. By Technology 9.3.2.2.3. By Application 9.3.3. South Korea 3D Printing Automotive Market Outlook 9.3.3.1. Market Size & Forecast By Value 9.3.3.1.1. By Volume (Automotive 3D Printer Shipment) 9.3.3.1.2. 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Material 9.3.3.2.2. By Technology 9.3.3.2.3. By Application 9.3.4. India 3D Printing Automotive Market Outlook 9.3.4.1. Market Size & Forecast By Value 9.3.4.1.1. By Volume (Automotive 3D Printer Shipment) 9.3.4.1.2. 9.3.4.2. Market Share & Forecast 9.3.4.2.1. By Material 9.3.4.2.2. By Technology 9.3.4.2.3. By Application 7 7 © TechSci Research Automotive
Table of Contents S. No. Contents 9.3.5. Thailand 3D Printing Automotive Market Outlook 9.3.5.1. Market Size & Forecast 9.3.5.1.1. By Value By Volume (Automotive 3D Printer Shipment) 9.3.5.1.2. 9.3.5.2. Market Share & Forecast 9.3.5.2.1. By Material 9.3.5.2.2. By Technology 9.3.5.2.3. By Application 10. South America 3D Printing Automotive Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.1.2. By Volume (Automotive 3D Printer Shipment) 10.2. Market Share & Forecast 10.2.1. By Material 10.2.2. By Technology 10.2.3. By Application 10.2.4. By Country 10.3. South America: Country Analysis 10.3.1. Brazil 3D Printing Automotive Market Outlook 10.3.1.1. Market Size & Forecast 10.3.1.1.1. By Value By Volume (Automotive 3D Printer Shipment) 10.3.1.1.2. 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Material 10.3.1.2.2. By Technology 10.3.1.2.3. By Application 8 8 © TechSci Research Automotive
Table of Contents S. No. Contents 10.3.2. Argentina 3D Printing Automotive Market Outlook 10.3.2.1. Market Size & Forecast 10.3.2.1.1. 10.3.2.1.2. By Value By Volume (Automotive 3D Printer Shipment) 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Material 10.3.2.2.2. By Technology 10.3.2.2.3. By Application 10.3.3. Colombia 3D Printing Automotive Market Outlook 10.3.3.1. Market Size & Forecast 10.3.3.1.1. By Value By Volume (Automotive 3D Printer Shipment) 10.3.3.1.2. 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Material 10.3.3.2.2. By Technology 10.3.3.2.3. By Application 11. Middle East & Africa 3D Printing Automotive Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value 11.1.2. By Volume (Automotive 3D Printer Shipment) 11.2. Market Share & Forecast 11.2.1. By Material 11.2.2. By Technology 11.2.3. By Application 11.2.4. By Country 11.3. Middle East & Africa : Country Analysis 9 9 © TechSci Research Automotive
Table of Contents S. No. Contents Turkey 3D Printing Automotive Market Outlook 11.3.1. 11.3.1.1. Market Size & Forecast By Value 11.3.1.1.1. By Volume (Automotive 3D Printer Shipment) 11.3.1.1.2. 11.3.1.2. Market Share & Forecast 11.3.1.2.1. By Material 11.3.1.2.2. By Technology 11.3.1.2.3. By Application 11.3.2. Iran 3D Printing Automotive Market Outlook 11.3.2.1. Market Size & Forecast By Value 11.3.2.1.1. By Volume (Automotive 3D Printer Shipment) 11.3.2.1.2. 11.3.2.2. Market Share & Forecast 11.3.2.2.1. By Material 11.3.2.2.2. By Technology 11.3.2.2.3. By Application South Africa 3D Printing Automotive Market Outlook 11.3.3. 11.3.3.1. Market Size & Forecast By Value 11.3.3.1.1. By Volume (Automotive 3D Printer Shipment) 11.3.3.1.2. 11.3.3.2. Market Share & Forecast 11.3.3.2.1. By Material 11.3.3.2.2. By Technology 11.3.3.2.3. By Application 10 10 © TechSci Research Automotive
Table of Contents S. No. Contents Morocco 3D Printing Automotive Market Outlook 11.3.4. 11.3.4.1. Market Size & Forecast 11.3.4.1.1. 11.3.4.1.2. By Value By Volume (Automotive 3D Printer Shipment) 11.3.4.2. Market Share & Forecast 11.3.4.2.1. 11.3.4.2.2. 11.3.4.2.3. By Material By Technology By Application 12. 13. Supply Chain Analysis Market Dynamics 13.1. Drivers 13.2. Challenges Market Trends and Developments Competitive Landscape 15.1. 3D Systems, Inc. 15.2. Voxeljet AG 15.3. Stratasys Ltd. 15.4. Höganäs AB 15.5. EOS GmbH Electro Optical Systems 15.6. GE Additive 15.7. Autodesk, Inc. 15.8. 3DGence 15.9. Optomec, Inc. 15.10. Ultimaker B.V. 15.11. Materialise NV Strategic Recommendations About Us & Disclaimer 14. 15. 16. 17. 11 11 © TechSci Research Automotive
Service Overview Scope of Report: 3D Printing Automotive Market 3D printing is the most common way of delivering three-dimensional articles from a computerized document utilizing a printing machine. This process includes setting down progressive layers of material until the whole article is fabricated. 3D printing is used in end-user industries, for example, auto, defense and aviation. 3D printing in the automotive industry is used to make prototypes of parts and make customized parts, etc. Market Segmentation Year Range MATERIAL APPLICATION Review Period Metals • Prototyping & Tooling • Polymer Manufacturing Complex • • 2016 – 2019 Others Components • Base Year Research, Development & • TECHNOLOGY 2020 Innovation Stereolithography • Others • Estimated Year Fused Disposition Modelling • 2021 Selective Laser Sintering • REGION Laminated Object • Asia-Pacific • Forecast Period Manufacturing Europe • 2022 – 2026 Three Dimensional Inject • North America • Printing South America • Others • Middle East & Africa • 13 13 © TechSci Research Automotive
Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the global 3D printing automotive market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global 3D printing automotive market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 15 15 © TechSci Research Automotive
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global 3D printing automotive market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as adoption of various technologies in 3D printing for automotive industry, growing awareness of end-users over customization using 3D printing and production of various automotive parts using 3D printing, etc. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global 3D printing automotive market. Methodology Followed for Calculation of Market Size: Market Size by Value : Market size, in terms of value, for the year 2020 was calculated based on information collected through • exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as 3D printing companies, channel partners, market influencers & end-users, industry experts and other industry participants. The team interviewed more than 15 3D printing companies, 100 end-users and 15 industry experts and other stakeholders in • the global 3D printing automotive market to obtain the overall market size between 2016 and 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during the historical period. Respondents were asked about the current and future market growth rates, market shares by material, by technology, by • application, by company and by region. Removing the outlier response, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue share. Revenue shares generated across various segments were further triangulated from other stakeholders. Market Size by Volume: It includes the number of automotive 3D printer shipments for the year range between 2016 and • 2026. 16 16 © TechSci Research Automotive
Research Methodology Methodology Followed for Calculation of Market Shares: Market shares by material, by technology, by application, by company and by region were calculated based on the responses • received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of global 3D printing automotive market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey • results in SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast • global 3D printing automotive market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ Note: (a) Sum of some shares may not be exactly 100.00% due to round off till two decimal places. 17 17 © TechSci Research Automotive
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources 3D Systems, Inc World Bank • ▪ Voxeljet AG TechSci Research Proprietary Database & Knowledge • ▪ Stratasys Ltd Repository • Höganäs AB Company Annual Reports • ▪ EOS GmbH Electro Optical Systems Industry Magazines • ▪ GE Additive Industry Reports • ▪ Autodesk, Inc News Dailies • ▪ 3DGence Credible Paid Databases • ▪ Optomec, Inc • Ultimaker B.V • Materialise NV • 18 18 © TechSci Research Automotive
Industry Brief Upsurging demand for customization using 3D printing and increased demand for vehicle production using 3D printer across the world to drive global 3D printing automotive market. According to TechSci Research report “3D Printing Automotive Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016- 2026”, Global 3D printing automotive market is anticipated to grow at a CAGR of 19.55% in value terms, in the next five years to reach USD4079.76 million by 2026. 3D printing, also known as additive manufacturing, is gaining prominence in the automotive industry due to its application in the manufacturing of automotive components. The technology can be used for manufacturing prototypes of automotive seats, and components of the exhaust system, among others. In comparison to the traditional process of manufacturing components, 3D printing process is quick with reduced overall product development time, and improved efficiency. Technologies used for 3D printing include Stereolithography (SLA), Selective Laser Sintering (SLS), PolyJet, Digital Light Processing (DLP), Multi Jet Fusion (MJF), Fused Deposition Modeling (FDM), Direct Metal Laser Sintering (DMLS), Electron Beam Melting (EBM), etc. By utilizing 3D printing to make models a long time before the final production, automakers can test for quality prior to the actual production plan. Given the design adaptability of 3D printing, organizations can construct and test a huge variety of models. General Motors, for instance, utilizes the 3D printing technologies of specific laser sintering (SLS) and stereolithography (SLA) widely in its preproduction and configuration processes across its functional areas— design, engineering and production with its fast-prototyping department delivering test models of more than 20,000 parts. Thus, 3D printing is expediting production in the automotive sector. Global 3D Printing Automotive market can be segmented based on material, technology, application, company and region. In terms of material, the market can be segmented into polymer, metal and others. The polymer segment led the market in 2020 with a share of 47% and the segment is expected to grow at the highest CAGR through 2026. Due to flexibility and high strength, polymers are preferred over metal, thereby, driving the market through 2026. Automobiles consist of a broad range of plastic 3D printed parts and also plastic materials are used more as compared to any other materials in 3D printing methods inside the automotive industry. Additionally, materials like Acrylonitrile butadiene Styrene (ABS) filaments are one of the most frequently used plastics for 3D printing car components and are frequently used within the bodywork of vehicles. Following polymer, metal segment is anticipated to account for the largest share in 2026. Metal can withstand high temperature and pressure, making them the perfect choice for the 3D printing process. Some of the major players operating globally in 3D printing automotive market are: 3D Systems, Inc., Voxeljet AG, Stratasys Ltd., Höganäs AB, EOS GmbH Electro Optical Systems, GE Additive, Autodesk Inc., 3DGence, Optomec Inc., Ultimaker B.V., Materialise NV Companies operating in the 3D printing automotive market are focusing on material and software advancement so that 3D printing process is more efficient and can be used for producing high quality material. In the similar front, 3D systems announced in 2021 an agreement to acquire Oqton, a software company, with USD180 million that is a leader in the creation of new breed of intelligent, cloud-based manufacturing operating system platform. In the same year, 3D systems advanced production application by introducing high-throughput 3D printing technologies, a new partnership to provide industry-leading post- processing, improved additive manufacturing software, and new production-grade photopolymer. “North America region holds the major share in the 3D printing automotive market with 36.90% share in 2020, led by the United States, as the country holds the major share in the North America region with 76.04% share. North America is the key market in manufacturing automobiles and auto parts using 3D printing technology. The US automotive industry frequently uses 3D printing technologies for rapid prototyping. It is also commonly used for complex, high-value, or custom parts for antique cars. Luxury and customized vehicle business is more prominent in North America. Motorsports such as NASCAR and Formula 1 have also been a field for the application of this technology due to the high demand for performance and weight reduction in the automotive industry.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 19 19 © TechSci Research Automotive
Sample Data - Snapshot Global 3D Printing Automotive Market Size, By Value (USD Million), 2016-2026F CAGR 2016-2020 By Value: xx% CAGR 2021E-2026F By Value: xx% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Value (USD Million) Europe 3D Printing Automotive Market Share, By Material, By Value, 2016-2026F 2016 20.00% 30.00% 50.00% 2017 20.00% 30.00% 50.00% 2018 20.00% 30.00% 50.00% 2019 20.00% 30.00% 50.00% 2020 20.00% 30.00% 50.00% 2021E 20.00% 30.00% 50.00% 2022F 20.00% 30.00% 50.00% 2023F 20.00% 30.00% 50.00% 2024F 20.00% 30.00% 50.00% 2025F 20.00% 30.00% 50.00% 2026F 20.00% 30.00% 50.00% Polymers Metals Others Europe 3D Printing Automotive Market Share, By Technology, By Value, 2016-2026F 2016 5.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Three Dimensional Inject Printing 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% Others 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 2017 5.00% 2018 5.00% 2019 5.00% 2020 5.00% 2021E 5.00% 2022F 5.00% 2023F 5.00% 2024F 5.00% 2025F 5.00% 2026F 5.00% Stereolithography Selective Laser Sintering Fused Deposition Modelling Laminated Object Manufacturing 20 20 © TechSci Research Automotive
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