According to Stratistics MRC, the Global Automotive 3D Printing market is accounted for $0.52 billion in 2015 and is expected to reach $2.5 billion by 2022 growing at a CAGR of 25.1% from 2015 to 2022. Rising acceptance of 3D printing technology by automotive companies to reduce their manufacturing costs is primarily favouring the automotive 3D printing market. Furthermore, government investments in 3D printing & related products, expiration of key patents, Efficient & multi-use materials for printing, advanced printing materials and technologies, well-organized logistic management and customization of products are the factors enhancing market growth. However, lack of skilled labour, lack of uniform process control, lack of high quality raw material and high cost of 3D printers would restrict the demand of automotive 3D printers.
http://www.satprnews.com/2017/03/07/...s-report-and-forecast-to-2022/ |
