Three-dimensional printing or additive printing technology enables the manufacturers to make models using a range of printing substances. Although 3D printing technology is in its budding phase in the automotive segment, the technology is anticipated to get a grip in the near future. The materials utilized for automotive 3D printing consist of a variety of types of ceramics, metals, polymers, and others.

Few of the factors influencing the growth of the automotive 3D printing market are detailed below.

Drop in wastage

The implementation of 3D printers has augmented among professional consumers on account of its precision in printing entities. The deployment of 3D printing in the primary phases of production is valuable as designers can recognize the defects and errors in the built, thus plummeting the operational cost and production time. Additive manufacturing offers the facility to incorporate complex design and improve operational resources. Therefore, the automotive 3D printing market is estimated to see a considerable growth in the coming years.

Also, the material usage is done in a well-organized way and no surplus material is utilized in unnecessary spaces. Previously, huge quantity of material was dissipated during the manufacturing procedure as subtractive methods were pursued to build parts. Nevertheless, 3D printing is founded on the additive manufacturing method, entailing layer-by-layer material deposition. Well-organized usage of material and decrease in wastage are major fueling factors contributing to the implementation of a 3D printing method and thus, boosting the automotive 3D printing market growth.

Technological advancements

Developing complex designs with the use of conventional methods is a tricky job. The 3D printers offer a platform for manufacture together with liberty of manufacturing things and designing them according to specifications of a user. The implementation and feasibility of a design can be evaluated using 3D printing. Thus, with innovation, the automotive 3D printing market is expected to spur in the near future.

Shortage of skilled labor

Requisite of expertise or skilled labor to maneuver 3D printer has an influence on the market, as there is a demand–supply crack between industry requirement and skilled labors. There is an increase in the requirement to pass on special training expertise to control 3D printers, thus influencing the use of 3D printing across numerous industries.