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Pune, India, July, 2018 press release- Market Research Future Published a Half Cooked Research Report on Global 3D Printing in Automotive Industry Market Research Report.
Market Synopsis:
3D printing technology is aiding the automotive industry by providing functional prototype phases Nike Vapormax Scontate , designs, part manufacturing and tools production. As per the report published by Market Research Future (MRFR), the global 3D printing in automotive market is anticipated to expand remarkably at a striking CAGR of 26.2% during the forecast period of 2017-2023.
Market Drivers and Restraints:
The expeditious development in 3D printing technology for widening the application range of 3D printed materials is creating large opportunities for the expansion of the global 3D printing in automotive market. The use of 3D printing technology in automotive industry has aided the production of more complex designs which was inconvenient through the conventional methods. The short time span required for production of 3D printed parts as compared to the conventional production methods has cut down the manufacturing cost and fastened the production process in the automotive industry.
The increasing focus on introducing innovative and efficient printing materials to provide lightweight spare parts, reducing material wastage and lowering the turnaround time is driving the expansion of the global 3D printing in automotive market. The increasing government support for research and development in 3D printing technology is likely to impact positively on the growth of the global 3D printing in automotive market.
On the flip side, the high cost and low availability of 3D printers in the market are likely to act as a restraint on the growth of the global 3D printing in automotive market.
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Market Segmentation:
The global 3D printing in automotive market has been segmented on the basis of technology Air Vapormax Plus Scontate , material and application. Based on technology, the 3D printing in automotive market is segmented into stereolithography (SLA), laser sintering, electron beam melting, laminated object manufacturing and others. Among these Air Vapormax Flyknit Scontate , the stereolithography (SLA) accounts for the largest market share in the global 3D printing in automotive market.
Based on material, the 3D printing in automotive market is segmented into metal, alloys and others. Based on application, the 3D printing in automotive market is segmented into prototyping and tooling, manufacturing Air Vapormax Nere Scontate , research and development activities, and others.
Regional Analysis:
Geographically, the global 3D printing in automotive market is segmented into four major regions such as North America, Asia Pacific, Europe and the rest of the world. Among these Air Vapormax Bianche Scontate , the Europe region accounts for the largest market share in the global 3D printing in automotive market owing to the presence of large number of automotive manufacturers that are inclining towards the incorporation of 3D printing technology in the manufacturing process in this region.
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