North American and European market for polymer additive manufacturing in automotive industry to reach $2.7 billion by 2030
NEW YORK, March 1, 2022 /PRNewswire/ — A new report from SmarTech Analysis, The Additive Manufactured Polymer Auto Parts Market: Europe and North America indicates that revenue opportunities from polymer additive manufacturing in the automotive industry are reaching $2.7 billion by 2030. These will be generated by equipment and materials as well as sales of end-use tooling and parts. Growth will be driven by the shift to increasing industry capacity for direct parts production.
About the report:
This report covers the use and adoption of commercial polymer 3D printing technologies and their associated materials, including powder bed fusion, light curing, and material extrusion. These technology segments are then broken down and analyzed by specific technology types to better understand technology adoption trends.
This report consists of a strategic review of the current automotive landscape in the context of 3D printing and tracks 3D printing opportunities against key trends that are expected to have a significant impact on automotive manufacturing and supply chains globally. during the forecast period. This report also includes an eight-year forecast of polymer 3D printing materials and equipment, with breakdowns by discrete technology type and by North American and European region. Additionally, this report forecasts the revenue opportunities for the production of end-use parts, as well as production support assets such as jigs, fixtures, tools, and assembly aids, within automotive manufacturing supply chain over the next decade.
From the report:
- With most major automakers now publicly announcing timelines to cease production of internal combustion engine (ICE) vehicles, the industry is facing a significant reconfiguration of the automotive supply chain. 3D printing is being leveraged to support this reconfiguration, with demand for 3D printed production support assets expected to increase dramatically from 1.5 million printed support assets in 2022 to 6.5 million parts printed in 2030.
- The emergence of powder bed thermal fusion (PBF) and layerless light curing technologies is driving the trend of direct part production in the automotive space. Polypropylene, a polymer widely used in automotive production, is expected to become a major material revenue opportunity by the end of the forecast period in the PBF segment. These high-volume technologies are expected to grow rapidly as a share of total AM deployments. And the acceleration of direct production of large volumes of parts is expected to show strong growth, at $80 million million in 2022, rising to just over $600 million.
- The European region is expected to register slightly higher AM equipment and materials revenue than North Americawith European automakers (Volkswagen, BMW, PSA, Daimler Benz) leading investments in 3D printing for production support and direct production.
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About SmartTech Analysis:
Since 2013, SmarTech Analysis has published reports on all significant revenue opportunities in the 3D printing/additive manufacturing sector and is considered the leading industry analysis company providing coverage of this sector. SmarTech’s analytics and data drive the development of strategies in the additive industry and have been adopted and showcased by many leading companies in the industry. SmarTech is a division of 3DR Holdings, a b2b technology media company providing information, research and events for the 3D printing and quantum technology industries.
For more details: www.smartechanalysis.com
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Barry Schwartz, 212-677-8700 ext. 118, [email protected]
SOURCE SmartTech Analysis