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3D Printing in Automotive Market Emerging Trends and Competitive Landscape Forecast To 2024

The latest study provides an in-depth analysis of the market focusing on various market definitions, segmentations, sub-segmentations, products, as well as applications.


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Mayuri V Jain

a year ago | 3 min read

3D Printing in Automotive Market will surpass a revenue collection of USD 8 billion by the end of 2024. Owing to the surging transformation in automotive design with regards to creativity, innovation, and environmental concerns, 3D printing in automotive market has experienced a proliferating growth path in recent times. Earlier, industry had not been adopted globally, however, with the increasing environmental and economic concerns, most of the automakers have now adopted this technology for designing and manufacturing various automotive components.

As of now, some of the leading contributors in the automotive industry comprising Daimler, VW, Porsche, Audi, Rolls-Royce, and many other e-vehicle manufacturers use the technology for manufacturing complex automotive parts. The acceptance of this emerging technology by various leading automakers is poised to impel 3D printing in the automotive market trends. Currently, the automakers are focusing on reducing the lead time required to develop new vehicle models that will help them to not only gain competitive benefits but will also help reduce the cost associated with the product development stages.

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The leading German automaker, Daimler has collaborated with a specialists EOS, and Premium Aerotec for a 3D printing in automotive market technology project dubbed as NextGenAM. In this set-up, the company plans to manufacture various metal and carbon fiber automotive components and aircraft structures. The firm plans to deploy various automated machines at the plant that could be used for additive manufacturing, post-processing, and quality assurance. The implementation of such digitized facilities could help automakers enhance the manufacturing capability while reducing production cost per component.

Over the last few years, with the increasing awareness about the energy efficiency, the popularity of e-vehicles has increased tremendously. In line with the surging adoption of e-vehicles and the supportive regulatory norms, many automakers are investing in electric vehicles. In this regard, for achieving competitive benefits, some EV manufacturers have adopted new technology trends such as 3D printing and additive manufacturing. As on today, numerous 3D printed cars have actually been developed, however, not all of them are practically used. In order to change the perspective of consumers, the Italian car manufacturer, XEV has started the production of 3D printed vehicles dubbed as LSEV which will be available in the market by the next year.

Speaking along the same line, the Italian car manufacturer will start manufacturing its 3D printed cars at its China-based mega factory. XEV is developing nearly 2,000 plastic extrusion 3D printers in which it can use Wrap-Free technology that will hide all the surface layers generated due to fused deposition modeling (FDM). The use of 3D printing in automotive market technology for the mass production of this customizable car will help XEV to enhance its customer base across the globe over the years ahead.

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In another instance, the German automaker, BMW has collaborated with American research institute, MIT for developing 3D printed inflatable materials that could be used in its futuristic vehicle interior concepts. The researchers in MIT have been continuously working on material technology to print 3D inflatable objects that could prove to be useful for BMW to develop transformative vehicle parts. The involvement of research institutes and leading automakers in the development of advanced materials for applications is slated to propel 3D printing in automotive market size.

Currently, the growing adoption of industry technology for functional prototyping, mass production, design validation, and ergonomics across the automotive sector will propel the industry trends over the years ahead. The increasing importance for accuracy, reliability, and consistency in the automotive sector while developing complex designs will also improve the use of 3D printing in automotive market technology.

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