What is Expected for The Automotive 3D Printing Market Size and Growth Rate Both Historically and in the Future?
The automotive 3D printing market size has seen exponential growth in recent years, with figures rising from $3.56 billion in 2024 to $4.4 billion in 2025. This yields a compound annual growth rate (CAGR) of 23.6%. Growth during the historic period is largely attributed to factors such as customization and personalization, rapid prototyping, complex geometries, reduced material waste, and supply chain optimization.
The market shows no signs of slowing down, projected to reach $10.04 billion in 2029 at a CAGR of 22.9%. This growth can be attributed to cost reduction in spare parts production, sustainable manufacturing, regulatory compliance, and metal 3D printing. Additional trends to watch for during this forecast period include mass customization, lightweighting, complex geometries, supply chain optimization, and spare parts production.
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What is Driving the Growth of The Automotive 3D Printing Market?
The burgeoning growth of electric vehicles has provided a significant boost to the automotive 3D printing market. Electric vehicles operate on an electric motor rather than an internal-combustion engine. An example of this impressive growth can be seen in January 2024, where a report published by Kelley Blue Book highlighted that 1.2 million car buyers in the United States chose electric vehicles in 2023. This accounted for 7.6% of the entire U.S. vehicle market, up from 5.9% in 2022. As such, the rising demand for electric vehicles is a substantial driving force behind the growth of the automotive 3D printing market.
What are the Major Segments in The Automotive 3D Printing Market?
1) By Component: Interior components, Exterior components
2) By Vehicle Type: ICE vehicles, Electric vehicles
3) By Material: Metals, Plastic, Composites and Resins
4) By Application: Prototyping And Tooling, Research, Development And Innovation, Manufacturing Complex Components
5) By Technology: Stereolithography (SLA), Selective Laser Sintering (SLS), Electron Beam Melting (EBM), Fused Deposition Modeling (FDM), Laminated Object Manufacturing (LOM), Three-Dimensional Inject Printing
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Who are The Major Players in The Automotive 3D Printing Market?
The automotive 3D printing market is populated by numerous companies, including 3D Systems Corporation, Desktop Metal Inc., Electro Optical Systems (EOS) GmbH, General Electric Company, EnvisionTEC GmbH, Stratasys Ltd., Materialise NV, Ultimaker BV, Voxeljet AG, Hoganas AB, SLM Solutions Group AG, Renishaw plc, Arcam AB, Optomec Inc., Carbon Inc., Hewlett-Packard Incorporated, Markforged Inc., Prodways Group, Beijing Long Yuan Automated Fabrication System Co. Ltd., and Concept Laser GmbH.
What are The Emerging Trends in The Automotive 3D Printing Market?
Technological advancements in the automotive 3D printing market are becoming increasingly prevalent. Companies are investing in 3D printing for additive manufacturing and optimized brackets for assembly lines. For example, Digital Metal, a Sweden-based company, launched the DMP/PRO binder jet 3D printer in May 2022. This system utilizes binder jetting technology to create intricate metal parts suitable for the automotive, aerospace, and medical industries.
Which Region Will Lead in The Automotive 3D Printing Market?
In 2024, North America held the largest region in the automotive 3D printing market, and it’s expected to remain the fastest-growing region during the forecast period. The report also covers other key regions including Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Does The Automotive 3D Printing Market Report 2025 Offer?
Automotive 3D printing refers to the application of additive manufacturing technologies in the automotive industry for the production of complex parts, prototypes, and tools. This enables lightweight designs, faster production times, and cost efficiency. The Automotive 3D Printing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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