Envision Inteligence estimates that APAC Automotive 3D Printing market is projected to reach $2846.2 million by the end of 2024 with a CAGR of 19.86% from $759.5 million in 2018.
Manufacturing the 3D models with the help of the specially designed printers lead the markets of 3D printing to explore around the globe, as the manufacturers are trying to minimize the material usage and reduce the costs & time. Acceptance of 3D printing technology by automotive manufacturers, well organized logistics management and customization of products are accelerating this market related to the automotive 3D printing.
3D printers created a boom in the automotive industry and have radically changed the whole process of developing, manufacturing and designing of the automotive. The countries in the APAC region like China, Japan, India, Australia and New Zealand are relatively increasing the adoption of the 3D printers in their particular domains as they have got advantages like reasonable cost and the time saving printers.
There are many technologies related to the 3D printing and some of them include the selective laser sintering, digital light processing, and selective light melting which are adopted while dealing with the 3D printing. More technologies are visiting the markets and are being adopted for the different uses depending on the type of design and are creating the impact in the printing industry.
Key players in the market include:
• 3D Systems Inc.
• Auto desk Inc.
• Stratasys Inc.
• The ExOne Company
• Arcam AB
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