Automotive Additive Manufacturing Processes Market: Introduction

  • Additive manufacturing (AM), or additive layer manufacturing (ALM), is the industrial production name for 3D printing; a computer controlled process that creates three dimensional objects by depositing materials, usually in layers, for the production of automotive parts that are lighter and rigid

Key Drivers of Automotive Additive Manufacturing Processes Market

  • Continuous enhancement of automobiles and prototypes by automakers and OEMs to cater to consumer preference and government norms in making more complex designs, lightweight, and rigid auto components at lower cost for high-performance, fuel-efficient, and low-emission automobiles is driving the automotive additive manufacturing processes market
  • Shorter assembly process and lower production cost benefits associated with additive manufacturing are driving the automotive additive manufacturing processes market. Additive manufacturing is enabling companies to create complex designs that require fewer parts to produce these components. Consequently, companies are able to decrease the assembly time and also witness a reduction in quality issues. For instance, Delphi, an Ireland-based tier 1 supplier for the automotive industry, was able to make an aluminum diesel pump as a single piece using a metal 3D printing technique known as Selective Laser Melting. Consequently, the company achieved an impressive reduction in the number of parts needed for the pump, which prevented several post-processing steps and simplified the assembly process.  

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Challenges in Automotive Additive Manufacturing Processes Market

  • The recent outbreak of COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing and R&D operations, and consequently, hampered the automotive industry. Post first wave of COVID-19, global economies have started opening automotive manufacturing and supply chain operations, thus the COVID impact on the industry seems to have reached a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, the uncertainty in the automotive industry continues. A gradual recovery in the demand for automotive and ancillaries is anticipated in the next few months, despite concerns around risk of second wave of infection in several countries and other geopolitical risks.

Opportunities in Automotive Additive Manufacturing Processes Market

  • Automotive OEMs are considering establishing in-house technology equipped component manufacturing facilities to reduce the involvement of numerous component manufacturers and subsequently, reduce complex supply chain management process, cost, and shorten production-time. This move is estimated to offer significant opportunity for the global automotive additive manufacturing processes market and is projected to be a win-win situation for additive manufacturing process companies and as well as for automakers.

North America holds Dominant Share of Global Additive Manufacturing Processes Market

North America dominates the global additive manufacturing market. The U.S accounts for a dominant share owing to early adoption of technology as compared to other countries. Expansion of the technology in the region is also supported by several key industry players and a leading number of patents. Established players such as 3D Systems, GE, HP and Stratasys, unicorns Carbon, Desktop Metal, Formlabs and a large number of traditional manufacturing companies that have made the leap into AM. The U.S is recognized as hub of advanced manufacturing innovation, with 88 additive manufacturing R&D projects executed, and more than 225 additive manufacturing organizations. Automakers from the region such as Ford has invested US$ 45 million into its new Advanced Manufacturing Center and has begun printing functional parts for some of its vehicles. GM is also developing approaches to using AM for its future electric cars.

Key Players Operating in Automotive Additive Manufacturing Processes Market

The automotive additive manufacturing processes market is moderately consolidated. A few of the key players operating in the automotive additive manufacturing processes market are:

  • 3D Systems, Inc.
  • Arcam AB
  • EnvisionTEC
  • EOS
  • ExOne
  • Ford Motor Company
  • General Electric
  • General Electric
  • HP
  • Materialise NV
  • MCor Technologies Ltd.
  • OECHSLER AG
  • Stratasys Ltd.
  • TWI Ltd

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Global Automotive Additive Manufacturing Processes Market: Research Scope

Global Automotive Additive Manufacturing Processes Market, by Manufacturing Process

  • Powder Bed Fusion
  • Binder Jetting
  • Directed Energy Deposition
  • Material Extrusion
  • Material Jetting
  • Sheet Lamination
  • Vat Polymerization

Global Automotive Additive Manufacturing Processes Market, by Technology

  • Sintering
  • Direct Metal Laser Sintering (DMLS)
  • Direct Metal Laser Melting (DMLM) and Electron Beam Melting (EBM)
  • Stereolithography (SLA)

Global Automotive Additive Manufacturing Processes Market, by Material

  • Thermoplastics
  • Metals
  • Ceramics
  • Biochemicals

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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Automotive Additive Manufacturing Processes Market