According to a new report from SmarTech Analysis, the market for polymer 3D printing in North America and Europe’s automotive sector is expected to reach $2.7 billion by 2030. As detailed in The Market for Additive Manufactured Polymer Automotive Parts: Europe and North America Regions, includes revenue from hardware, materials, tooling, and end-use parts as the industry shifts toward scaling capacity for direct 3D printing of end parts.
The report breaks down the adoption of additive manufacturing by the automotive market into the various polymer 3D printing processes and materials, such as powder bed fusion (PBF), photopolymerization, and material extrusion. These segments are examined granularly in terms of both data and written analysis.
Also included are segmented eight-year forecasts of polymer 3D printing hardware and materials based on technology type, as well as by North American and European region. The forecasts additionally project revenue opportunities for various applications, such as end-use parts and production support tools.
Among the publicly available information from the report is the fact that the shift from internal combustion engines to electric vehicles is driving wider adoption of 3D printing. SmarTech suggests that the demand for 3D printed production support tools will grow from 1.5 million support assets printed in 2022 up to 6.5 million parts printed in 2030.
About this trend, the report’s author, founder of ReThink Additive Oliver Smith, told 3DPrint.com: “The automotive industry has long been a user of 3D printing, first as a prototyping technology, and was one of the first to 3D print jigs, fixtures, and simple tooling. But as the industry faces enormous upheaval with trends in autonomous technologies, electrification, vehicle customization and ridesharing, automakers are set to invest in 3D printing as a solution to many future challenges in the manufacture of these new generation of vehicles.”
Leading the charge toward end part production with 3D printing are thermal PBF, in contrast to laser or electron beam PBF, and layerless photopolymerization technologies. The former is currently being deployed by HP and Stratasys, while the latter is the product of a number of companies, like Carbon, 3D Systems, ETEC (Desktop Metal), and more.
In particular, SmarTech highlights polypropylene to represent a major revenue opportunity in PBF by 2030. Altogether, the market research firm anticipates high-volume direct part production to grow from $80 million in 2022 to over $600 million by the end of the decade.
Smith also sees Europe as achieving higher AM hardware and materials revenues than North America due to the fact that auto companies in that continent, such as Volkswagen, BMW, PSA, Daimler Benz, are leading AM investments there.
To purchase the report or request a sample, visit the report page here.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and recieve information and offers from thrid party vendors.
You May Also Like
3D Printing Webinar and Event Roundup: May 15, 2022
This is a big week in the additive manufacturing industry—RAPID + TCT is here! But that’s not the only event in town; there will also be webinars on topics like...
Low-Cost DED Metal 3D Printing Heads to Singapore and Argentina via Meltio
Spanish laser metal deposition solutions manufacturer Meltio continues to ramp up its sales coverage in Asia and Latin America. Following recent deals to sell its products in Sub-Saharan Africa, North...
3D Printing Webinar and Event Roundup: May 8th, 2022
We’ve got another busy week of webinars and events in the AM industry ahead of us, with topics covering 3D printed housing, robotics, the supply chain, multimaterial 3D printing, generative...
3D Printing News Briefs, May 7, 2022: Business, Helmets, & More
Meltio has announced an official sales partner in the Sub-Saharan Africa region; this news begins our 3D Printing News Briefs today. Startup BIO INX, formerly known as XPECT INX, has...