Global Automotive 3D Printing Market By Application (Prototyping & Tooling, Research, Production), By Technology, By Material, By Vehicle, By Offering, By Component, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The Global Automotive 3D Printing Market size is expected to be worth around USD 15.8 Billion by 2032 from USD 2.2 Billion in 2023, growing at a CAGR of 22.4% during the forecast period from 2022 to 2032.

3D printing is an advanced manufacturing technique used to fabricate automotive components and parts. This manufacturing method involves creating three-dimensional objects using digital and specialized printers that can print with various materials such as metals, plastics, or composites.

Major factors driving growth in the automotive 3D printing market include increasing demand for lighter vehicles, lower production costs, and higher development expenses. Also, initiatives are taken by OEMs (Original Equipment Manufacturers) to reduce costs and produce high-quality parts in a shorter amount of time by using 3D printing for automotive. The 3D printing market is expanding due to companies investing in research & development for 3D printing in manufacturing. Many technological advancements in 3D printing materials have enabled the customization of products over the past two decades, creating an exciting future.

Driving Factors

Investments by Major OEMs & Increasing Initiatives Drive the Market Growth of the Automotive 3D Printing Market.

OEMs may use 3D printing as a tool to cut costs and create parts more quickly and efficiently. OEMs have found beneficial benefits in their production processes and finished goods, despite the initial challenges. Manufacturers have substantially invested in 3D printing and integrated it into their production processes. Manufacturers place a high priority on research and development, which has helped the market for 3D printing flourish. The tools and processes used in 3D printing have greatly improved during the last 20 years.

Technological developments have made it possible to produce bespoke products, providing market players like 3D Systems and Stratasys an advantage in this area. Investment in this cutting-edge technology is increasing as more start-ups and small businesses invest in research and development for automotive 3D printing technologies. Thanks to improved materials and processes, more applications will become possible through 3D printing, increasing its visibility across various sectors. By employing 3D printing technology, businesses aim to improve accuracy and efficiency while decreasing product cost-effectiveness.

Restraining Factors

The Fluctuation of the Prices and the Rise in the Number of Competitors Restraining the Market

Due to the volatile changes in the prices of engine oil, the market of automotive engine oil is facing numerous challenges. The prices of engine oil vary due to currency fluctuation, product shortage, environmental regulations, etc. are the factor restraining the growth of the market.

The rise in the sustainability issues for the companies due to the increase in the number of competitors is the factor restraining the growth of the market. As the production of engine oil involves complex processes to complete the finished products, the cost of the production is high, which is the main market restraint.

COVID-19 Impact Analysis

Supply Chain Slowed Down, Shift in Focus, Sales for EVs Surged These are the Impacts of COVID-19 on the Automotive 3D Printing market.

The COVID-19 pandemic caused major disruptions to the automotive 3D printing industry. Customers became anxious, leading to slowdowns in supply chains. Government lockdowns and temporary shutdowns of factories resulted in decreased sales and production – particularly across Asia and Europe where demand for printers has been weak.

Many 3D printing companies have now turned their attention toward producing medical equipment in response to the pandemic. Some automotive manufacturers are turning towards additive manufacturing to address supply chain issues and offer localized production. Some market players have even started using 3D printing within-house for on-demand tool production, fixture production, and jigs.

Due to the pandemic, there has been an unexpected surge in electric car sales, necessitating a greater need for 3D printing automotive parts. 3D printing allows you to customize electric vehicles by producing lighter components that extend battery life and offer more material options. Furthermore, it offers better value through low-volume production with faster time-to-market.

Application Analysis

The Prototype & Tooling Segment is The Most Lucrative Segment in The Product Type segment of The Automotive 3D Printing Market

Based on application, the market for automotive 3D printing is segmented into prototyping & tooling, research, development & innovation, and production. Among these types, the prototype & tooling segment is the most profitable in the global automotive 3D printing market, with a projected CAGR of 22.2%. The total revenue share of formulation development type Automotive 3D Printing is 47.6% in 2022. Owing to the quick production of the prototypes, cost reduction, straightforward process, choices of filaments which could be used to design changes, and minimized wastages. The prototypes now require the shortest possible lead times and small expenses and wastage.

The Production Segment is Expected to Grow in the Projected Period in the Automotive 3D Printing Market

Production application accounted for the fastest growing segment in the Automotive 3D Printing market, and its estimated market share is 23.7% in 2022. Due to additive manufacturing is being used in the production of automotive parts, like chassis parts, interior components, and engine components for improving their performance, simplifying the manufacturing process, and reducing their weight.

Technology Analysis

The Fused Deposition Modeling Segment Accounted for the Largest Revenue Share in the Automotive 3D Printing Market in 2022

Based on technology, the market is segmented into stereo lithography (SLA), selective laser sintering (SLS), electronic beam melting (EBM), fused deposition modeling (FDM), laminated object manufacturing (LOM), and three-dimensional inject printing. Among these, the fused deposition modeling (FDM) system segment is estimated to be the most lucrative segment in the global Automotive 3D Printing market, with the largest revenue share of 28.5% and a projected CAGR of 22.3% during the forecast period. Due to its ability to produce large parts with strengths and durability at low cost. The technology involves the use of a thermoplastic filament which is melted and deposited layer by layer to create a 3D object. FDM is suitable for producing a wide range of automotive parts which includes, fixtures, jigs, and tooling. Additionally, FDM can produce parts with high strength and stiffness and making it an attractive option for producing functional end-use parts.

The Selective Laser Sintering Segment is Expected to be the Fastest Growing Technology Segment in the Automotive 3D Printing Market

The selective laser sintering segment is projected as the fastest growing technology used segment in the automotive 3D printing market, with a revenue share of 20.5% in 2022, and registering a CAGR of 20.6% from 2022 to 2031. SLS has the advantage over other 3D printing technologies as its ability to produce parts with high accuracy and fine details, makes it suitable for prototyping and production of small to medium-sized automotive components. Additionally, SLS can use a wide range of materials including composites, metals, and high-performance polymers; giving automotive manufacturers greater flexibility in the materials they can use to produce parts.

Material Analysis

Plastic Material Holds the Significant Share in Material Segment in Automotive 3D Printing Market

Based on materials, the market is divided into metal, plastic, composite and resins. Among these materials, plastic material is dominant in the material segment of the automotive 3D printing market, with a market share of 43.3% and a CAGR of 22.8%. This is due to its low cost, ease of use, and ability to produce complex geometrics. Furthermore, plastic materials have a wide range of properties that can be tailored to specific applications. For instance, Acrylonitrile butadiene styrene (ABS) is often used for interior parts, whereas nylon is commonly used for functional parts.

Metal Segment is Identified as Fastest Growing Material Segment in Projected Period

Metals are also an important segment in the Automotive 3D Printing market and it is expected to grow rapidly in the material segment of the automotive 3D printing market with a CAGR of 20.3% and a market share of 31.5%. The metals used in 3D printing for the automotive industry include stainless steel, titanium, aluminum, and metal alloys. It is growing at a high rate due to its ability to produce complex parts with geometries which are difficult to achieve using traditional manufacturing methods. Additionally, it allows the production of small batches of parts at comparatively low cost.

Vehicle Type Analysis

ICE Vehicles Holds the Significant Share in Vehicle Type Segment in the Automotive 3D Printing Market

Based on vehicle type, the market is further separated into ICE vehicles (Internal Combustion Engine), and electric vehicles. Among these two types, the ICE vehicles segment is the most lucrative in the automotive 3D printing market with a market share of 55.9% and a CAGR of 22.6%. This is due to ICE vehicles are likely more established because of the long history of the technology and the presence of ICE vehicles in the market. ICE vehicle manufacturers are utilizing 3D printing technology in various ways, but the overall focus of the use of 3D printing may vary depending on the specific need and requirements.

Electric Vehicles Accounted as Fastest Growing Segment in Forecasted Period in Automotive 3D Printing Market

Electric vehicle demand is increasing in the last few years, this segment is projected to register the fastest growth rate among others in the forecasted period with a market share of 44.1% and a CAGR of 22.8%. Electric vehicles are more focused on specialized parts and components, like electric motors, charging components, and batteries. EVs have different design requirements compared to ICE vehicles and the use of 3D printing allows produce more customized designs that are optimized for electric vehicles.

Offerings Analysis

Hardware Type Dominates the Offerings Segment in the Automotive 3D Printing Market

Based on offerings the market for automotive 3D printing is divided into hardware and software. Among these two the hardware segment is the most lucrative in the automotive 3D printing market with a market share of 56.3% and a CAGR of 22.3%. Growing sales and wide adoption of hardware like 3D printers are driving the market globally. The advancements have helped manufacturers to increase their production volume and minimize production costs. The hardware segment is leading due to the demand for hardware increasing globally.

Software Type is Accounted as Fastest Growing Offerings Segment in Automotive 3D Printing Market

The software segment is expected to grow fast in the forecasted period with a market share of 43.7% and a CAGR of 21.8%. Due to the software technologies that have been developed specifically for 3D printing which includes CAD (Computer-Aided Design), simulation, and slicing software. CAD is used to design and create 3D models; simulation software is used to optimize the printing process and for ensuring the final product meets the desired specifications. Whereas slicing software is used to generate the toolpath and instructions that are sent to the 3D printer.

Component Analysis

The Exterior Component Dominates the Component Segment in the Automotive 3D Printing Market

Based on components, the market for automotive 3D printing is segmented into interior components and exterior components. Among these two types, the exterior components dominate the market for automotive 3D printing market with a market share of 60.7% and a CAGR of 21.5%. Because of its ability to produce complex shapes and customized designs, the ability to reduce weight and improve aerodynamics. Additionally, the production of exterior components using 3D printing may be limited by factors like material properties and size.

The Interior Component Accounted for the Fasted Growing Component Segment in the Automotive 3D Printing Market.

Interior components accounted for the fastest growing component in the automotive 3D printing market with a market share of 39.3% and a CAGR of 20.6%. Due to its ability to produce complex geometries. Also, the ability to minimize weight and improve strength and durability. These benefits led to an increase in the adoption of 3D printing technology in the production of interior components.

Key Market Segments:

Based on Application

• Prototyping & Tooling
• Research Development & Innovation
• Production
• Other Applications

Based on Technology

• Stereo Lithography
• Selective Laser Sintering
• Electronic Beam Melting
• Fused Deposition Modeling
• Laminated Object Manufacturing
• Three-Dimensional Inject Printing
• Other Technologies

Based on Materials

• Metals
  • Stainless Steel
  • Titanium
  • Aluminium
  • Metal Alloys
• Plastic
  • Acrylonitrile Butadiene Styrene
  • Polylactic Acid
  • Nylon
• Composites and Resins
• Other Materials

Based on Vehicle Type

• ICE Vehicles
• Electric Vehicles

By Offering

• Hardware
• Software

By Component

• Interior Components
• Exterior Components

Growth Opportunity

Untapped Markets Create Opportunities in the Automotive 3D Printing Market.

3D printing technology has gained significant momentum, particularly within consumer goods, healthcare, and automotive industries. Applications range from rapid prototyping to direct digital manufacture of objects – aerospace and medicine being two sectors where its effects will be felt most significantly – with more specialized and complex uses predicted in the near future.

Latest Trends

3D Printing for Prototyping and 3D Printing for Sustainable Manufacturing are Some Recent Trends in the Automotive 3D Printing Market.

There are several recent trends in the automotive 3D printing market which include, the use of 3D printing for tooling and prototyping as many automotive manufacturers are adopting 3D printing to create prototypes quickly and cost-effectively. Another is the use of 3D printing for decentralized and localized production, this approach allows for faster response times to consumer demand, increased flexibility in production, and reduced inventory costs. There is also a growing trend towards the use of 3D printing for end-use parts, which involves using 3D printing to produce functional parts which will be used in the final product. Additionally, there is a growing trend towards the use of 3D printing for sustainable manufacturing, which involves using 3D printing to energy consumption, and carbon emission, and minimize waste during the manufacturing process. For instance, 3D printing can enable the production of parts with less material waste and can reduce the need for transportation of parts which led to lower carbon emissions.

Regional Analysis

North America Accounted for the Largest Revenue Share in the Automotive 3D Printing Market in 2022.

North America is estimated to be the most lucrative market in the global Automotive 3D Printing market, with the largest market share of 38.9%, and is expected to register a CAGR of 23.5% during the forecast period. Owing to the large number of OEM manufacturers who invests a major portion of their revenue in R&D. Many automobile manufacturers are investing in 3D printing to manufacture customized automotive parts for achieving less turnaround time, reduce manufacturing costs, minimize material waste, enhance production rate, and shorter overall times for quick prototyping of automotive parts.

APAC is expected as Fastest Growing Region in Projected Period in the Automotive 3D Printing Market.

Asia Pacific is expected as the fastest-growing region in the Automotive 3D Printing market with a CAGR of 21.8% and a market value of 26.5%. Due to many factors like many start-ups entering the market, government efforts, low-cost raw materials, developed chemical industry, and skilled labor availability can be reasons for the growth of the APAC region in the automotive 3D printing market.

Key Regions and Countries Covered in this Report:

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Market Share & Key Players Analysis:

Due to the presence both of established and startups, the automotive 3D printing market remains fragmented. Voxeljet AG and Stratasys Ltd. are some of the major players in the global automotive 3D printer market. These players invest heavily in technology development to produce the most advanced materials and methods that will enable automotive companies to create products with enhanced material properties in a shorter time. They also engage in mergers and acquisitions to consolidate their position.

Top Key Players in the Automotive 3D Printing Market

• 3D Systems Corporation
• Autodesk Inc.
• Desktop Metal Inc.
• EOS GmbH
• General Electric Company
• Hoganas AB
• Materialise NV
• Stratasys Ltd.
• Ultimaker BV
• Voxeljet AG
• ExOne Company
• Arcam AB
• Renishaw plc.
• HP
• com
• SLM Solutions Group AG
• Farsoon Technologies
• Sinterit
• Protolabs Electronics Pvt. Ltd.
• Nexa3D
• EPlus3D Tech GmbH
• Other Key Players

Recent Developments:

• In November 2022, ExOne’s parent company, Desktop Metal, announced that it won a US$9 Million order from a German manufacturer of car parts for their binder jet additive manufacturing system.
• In November 2022, ALM and 3D Systems announced a partnership in order to increase access to the best 3D printing materials. ALM will now offer DuraForm PAx material from 3D Systems to its customers. This unique copolymer is specifically designed for Selective Laser Sintering technology.
• In September 2022, Stratasys Ltd. has announced the completion of the merger between MakerBot, its subsidiary, and NPM Capital-Backed Ultimaker in order to create Ultimaker. NPM Capital will have a 53.5% share in the new company. Stratasys Ltd, on the other hand, will own the remaining 46.5%.

Report Scope: