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3D Printing in Automotive Global Market
There has been significant advancement in the manufacturing technology majorly in additive commonly known as 3D printing. 3D printing has changed the way of producing the products majorly in design, development Kenny Clark Hat , and distribution. The advancement in technology have opened ways for automotive manufacturers to introduce new design, cleaner products, lighter, and safe products. The OEM’s and suppliers are primarily focusing on additive manufacturing for developing rapid prototype. The development of 3D priming will enable the automotive manufacturers to innovate their products in order to compete in the market.
There are various driving factors for the use of additive manufacturing which includes product innovation Jamaal Williams Hat , supply chain transformation, and advancement in technology. The traditional method of designing automotive components often had some registration in manufacturing process. It is necessary to have flexibility in the manufacturing process which is provided by 3D printing. The additive manufacturing technologies increasing produces multimaterial printed parts with properties such as strength and electrical conductivity. The technology provides development of automotive component in faster and safer way. This will boost the demand for 3D printing in auto0motive market.
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Autodesk, 3D Systems, Inc Kevin King Hat , Stratasys Ltd, Arcam AB, EnvisionTEC, Inc JK Scott Hat , Exone, Voxeljet AG, Local Motors, Ponoko Ltd Josh Jackson Hat , Optomec, Inc and among others, and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global 3D Printing in Automotive market.
The most important aspect in automotive industry is to develop light weight component in order to increase the efficiency of the vehicles and reduce the fuel consumption. The automotive industry makes use of complex engineering techniques to be used in order to reduce the weight and improve the performance. The additive manufacturing makes use of lightweight polymers and metals to develop various automotive products.
3D printing offers various distinct benefits such as mass customization, new capabilities Jaire Alexander Hat , shorter lead and speed time, simplifying supply chain, and waste reduction. This benefits will enable the automotive manufacturers to meet the specific standard as amended by the government. This will increase the demand for 3D printing in automotive.
3D printing technology has a great impact on supply chain side affecting manufacturing, inventory cost Ha Ha Clinton-Dix Hat , and lead times. The 3D printing can help to meet the demand of the consumers when there is long lead time. They can be used in centralized as well as decentralized network.
Industry Innovation Related News:
The key strategies followed by most companies within the global 3D Printing in Automotive market are that of new product development.
In 2018, Autodesk launched Advanced Manufacturing Facility (AMF) in U.K to develop newest products.
In Oct 2017, 3D Systems unveiled Grid sink faucet, that produces 3rd Dimension products using 3D Systems’ 3D printing materials and technology
In 2017 Randall Cobb Hat , 3D Systems launched ProX SLS 6100, a new generation printing platform that enables the customers develop prototyping for functional productions parts.
3D Printing in Automotive Market – Segmentation
The global 3D Printing in Automotive market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Brake Type: Comprises Disc and Drum
Segmentation by Brake System: Comprises ABS, TCS, ESC Mike Daniels Hat , and Others
Segmentation by Vehicle Type: Comprises Passenger Cars and Commercial Vehicles
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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