Published: Sunday, 18 September 2016 03:00
Markets and Markets produced a new report entitled, "3D Printing Automotive Market by Technology (SLA, SLS, FDM, EBM, LOM, 3DIP), Materials (Metals, Polymers), Application (Prototyping & Tooling, R&D, Manufacturing), and by Region - Global Trends and Forecast to 2020" in which it forecasts dramatic growth in every region of the world in 3D automotive printing.
Factors that drive the 3D printing in automotive market are innovation in new printing materials for 3D printing, the development of new technologies, low cost of development, and expiration of key patents. However, regulatory hurdles in different countries, lack of availability and standardization of materials, process control standards, and limited awareness about the technology could hamper market growth.
The penetration of 3D printing is highest in North America as compared to other regions. Europe and Asia-pacific are in the early stages of adopting 3D printing technology. However, Europe is projected to lead the market, in terms of value, in the future, followed by Asia-Pacific, North America, and the rest of the world. The expiration of key patents has prompted manufacturers to enter the 3D printer market. The decline in the prices of 3D printers could also lead to a sudden spike in demand from the consumer segment.
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Published: Saturday, 17 September 2016 03:00
Gartner forecasts that 3D printer unit shipments will grow at a CAGR of 121.3% through 2019, and that corresponding annual average spending will grow at 72.8% for the same period. Additionally, Gartner expects that sales will exceed $14.6 billion in 2019 as consumers, educational institutions and businesses ramp up their purchases.
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