Market Research Reports, Inc. has announced the addition of “Global Automotive 3D Printing Market 2017 - 2021” research report to their website www.MarketResearchReports.com

Lewes, DE -- (SBWire) -- 10/30/2017 --Report forecast the global automotive 3D printing market to grow at a CAGR of 45.47% during the period 2017-2021.

3D printing is a process which involves many concepts and technologies. It can be used to produce a range of products using different materials depending on the application. This technology is similar to computer numerical control (CNC). The only difference is that CNC is a subtractive manufacturing process while 3D printing is an additive manufacturing process.

The advancement in this technology is mostly application-based, where special research is carried out as per the needs of the target industry. Experts believe that 3D printing technology is in its initial stages of application with immense potential to revolutionize production technology.

The report covers the present scenario and the growth prospects of the global automotive 3D printing market for 2017-2021. To calculate the market size, the report considers the new shipments and sales data from the technology developers.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is Introduction of low-cost entry level 3D printers. HP has introduced an entry level 3D printer with multi-material injection technology, and Mattel has launched its first 3D printer at $299, called ThingMaker. This will bring the 3D printing technology to the household market. This affordable entry-level technology will fetch the volume that this market needs to develop and bring down the prices for high-capability 3D printers that are currently being used for industrial applications only.

Further, the report states that one of the major factors hindering the growth of this market is Price for a 3D printing machine does not justify its productivity. The 3D printing technology attracts investments based on its application, size of the product, and material it uses. The 3D printing technology has not reached a level of mass production yet. Even though it saves time in rapid prototyping, custom part development, and complex shape designs, it is still not feasible to be used by each manufacturer tier in the automotive supply chain. The investment can be justified if it could be used for mass manufacturing right up to the assembly line. The advancement of this kind of technology could save logistic costs and effectively maintain the just-in-time requirements.

Global Automotive 3D Printing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global automotive 3D printing market: 3D Systems and Stratasys.

Other Prominent Vendors in the market are: Arcam, Autodesk, EnvisionTEC, EOS, ExOne, Optomec, and Ultimaker.

Market driver
- Introduction of low-cost entry level 3D printers
- For a full, detailed list, view our report

Market challenge
- Price for a 3D printing machine does not justify its productivity
- For a full, detailed list, view our report

Market trend
- Simultaneous multi-material technology
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 78 pages "Global Automotive 3D Printing Market 2017 - 2021" report covers Market segmentation by 3D printing solution, Market segmentation contract type, Geographic segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

Please visit this link for more details: https://www.marketresearchreports.com/technavio/global-automotive-3d-printing-market-2017-2021

For related reports please visit: 3D Printing Market Research Reports

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