DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vgw99l/additive) has announced the addition of the "Additive Manufacturing Opportunities in the Automotive Industry: A Ten-Year Forecast " report to their offering.
The revenues from 3DP equipment, materials and services sold into the automotive industry will exceed $870 million in 2019 going on to reach more than $1.8 billion by 2023
Automotive manufacturers were among the earliest adopters of additive manufacturing/3D printing (3DP) technology.
3DP manufacturing continually improves, and it seems likely that this will gradually shift the use of 3DP from concept testing to the direct manufacturing of fully functional parts. The unique nature of 3DP means that this could fuel the creation of equally unique car and truck designs. However, we would not be too surprised to see concept cars at major trade shows that are heavily reliant on the use of 3DP in the not-too-distant future.
Until now, most of the business in this segment has come from prototyping.
The automotive industry is at inflection point:
- Car and truck firms are already beginning to use 3DP technology for rapid manufacturing of working automotive parts.
- Beyond that, SmarTech believes, 3DP will become an integral strategic technology for the automotive industry eventually playing a key role in product innovation and supply chain productivity.
- Additive manufacturing/3DP will also soon produce lower-weight and safer products, shorter lead times, enhanced value chains and, of course, lower costs for the automotive industry.
Key Topics Covered:
Chapter One: Introduction
Chapter Two: New Opportunities for 3DP in Automotive Industry Prototyping and Tooling
Chapter Three. 3DP and the Trend Towards Rapid Manufacturing in the Auto Industry
Chapter Four. New Materials Expand Applications for 3DP
Chapter Five: Realizing Improved Supply Chains and Business Models in the Automotive Market Using 3DP
Chapter Six: Market Outlook and Ten-Year Forecast of 3DP in the Automotive Sector
For more information visit http://www.researchandmarkets.com/research/vgw99l/additive