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China Automotive Additive Manufacturing Market 2020-2025

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  • 97 Pages
  • August 2020
  • Region: China
  • IndustryARC
  • ID: 5157055
China Automotive Additive Manufacturing Market size is forecast to reach $8.5 billion by 2025, after growing at a CAGR 7.5% during 2020-2025. Automotive ANAitive Manufacturing is referred to as the process that makes up 3D structures that are produced to shape a structure by incorporating several sets of layers of materials. According to the Chinese Passenger Car Association (CPCA), demand for electric car is growing progressively. This is due to the rising development of lightweight automobile parts utilizing 3D automobile printing technologies. The Chinese Government has rendered the development of aNAitive manufacturing technologies a priority in the region. International companies are urged to create subsidiaries, although some domestic companies are also driven by government policies. Collaboration with other industry leader companies to incorporate the technology into their manufacturing process and create innovative product innovations would help them achieve strategic edge over their competitors.

Key Takeaways

  • Based on the material size, the metal segment is expected to have the highest market share, as 3D printing is easy to use in final product manufacturing. Motors, spare parts and other internal and external facilities.
  • Laser sintering is an aNAitive manufacturing method that is used to process all types of materials, such as polymers, fabrics, ceramics, and composites, to manufacture complex parts. This encompasses the industrial, aerospace, biomedical and architectural applications.
  • Material Jetting is projected to account for the largest market share by 2025. The jetting of material creates objects identical to a two-dimensional jet ink printer.
  • China reported sales of 1 million electric vehicles in 2018, more than twice the number of U.S. sales. China's aNAitive manufacturing sector is gaining steam thanks to big funds for applied production and materials research and development.

By Material - Segment Analysis

On the basis of material Metal is expected to grow the highest CAGR of 7.8% in the forecast period, as 3D printing is simple to use in the manufacture of end products. Printing technology will actually be used to print stainless steel, die steel, cobalt chromium alloy, nickel alloy, aluminum alloy, and iron base metal products. Companies including Zhuhai CTC, Stratasys, 3D Systems and other leading players are developing new metals and metal-based materials which can be used in printing processes. ASTM International continues to work toward standardizing specification for AM metal powders. Increasing use of 3D printing and prototype technology by aircraft manufacturing firms will also increase the scale of aNAitive manufacturing of metal powders in the years ahead.

By Technology - Segment Analysis

On the basis of technology Laser Sintering is expected to grow the highest CAGR of 6.5% in the forecast period. Laser sintering is an aNAitive manufacturing technique used to process all kinds of materials, such as polymers, plastics, ceramics and composites, in order to produce complex components. It includes automobile, aerospace devices, biomedical and architectural applications. Farsoon technologies based in China recently announced its extension of the direct selling of metal aNAitives manufactured in North America. Farsoon has entered into a collaboration with prodways to create a range of 3D printers developed using a laser sintering system, the FS271M. The extremely detailed custom scanning algorithm for the drug makes it a good choice in automotive applications.

By Manufacturing Process - Segment Analysis

Material Jetting is expected to grow the highest CAGR by 2025. Material jetting produces artifacts in a manner similar to a two-dimensional jet ink printer. Content is placed onto a build site using either a continuous strategy, or Drop on Demand (DOD). Material is jetted onto the construction surface or foundation where it solidifies and layer by layer the model is built. Deposits material from a nozzle that travels horizontally around the build frame. Machines differ in their design and way of regulating concrete deposition. Use ultraviolet (UV) light the substance layers are either cured or hardened. The method benefits from high precision droplet deposition and hence low loss. It makes multiple material sections and colors in one phase. In the world of biomedical technology the material jetting industry has a significant utility. Many health-care infections are attributed to biofilms that grow on the surface of the medical device. Together with their planktonic counterparts they develop a greater immunity to antibiotics and the immune system. The jetting of materials allows accurate anatomy, scale and form for printed devices.

Drivers - China Automotive ANAitive Manufacturing Market

  • Impressive growth of Electric vehicles in China

China recorded 1 million electric vehicle sales in 2018, which is more than twice the number of sales in U.S. Same way 777000 units of EVs were sold in china in 2017, up 53% compared to 2016 as reported by CAAM. Owing to the increasing value of aNAitive manufacturing in EVs, the exceptional growth opportunities for the Chinese electric vehicles industry are a significant growth driver for the automotive aNAitive manufacturing sector. In the Chinese industry, aNAitive processing is used by the OEMs as a workaround. Automotive OEMs collaborate with leading operable aNAitive manufacturing firms. We concentrate primarily on techniques such as stereo lithography, fused deposition modeling and laser sintering. Such innovations have considerable expertise in the production of cost-effective and composite materials that aid to improve the efficiency of the vehicles.
  • Growing Investments In ANAitive Manufacturing

China's aNAitive manufacturing industry is gaining momentum because of tremendous funds for research and development of industrial technology and materials. BMW spent $12 million in a new aNAitive engineering facility in April 2018. HP and Guandong firms have announced a new production center for aNAitives in Dali, Foshan China. The venture in 10 HP Multi jet fusion 3D printing systems and is the biggest production-grade 3D printing installation in Asia Pacific by HP.

Challenges -China Automotive ANAitive Manufacturing Market

  • Low Speed Production

ANAitive manufacturing faces difficulties in the speed of production, which reduces the scope of further production. ANAitive manufacturing is a game changer in industries where the aNAed profit produced by the manufacturing method overweighs the higher production costs. The automotive industry is, however, a high-volume business needing significant output rates to make profit. The low-speed production of the aNAitive manufacturing technique is seen as a significant impediment to the broader implementation of the automotive manufacturing techniques. Fast speed aNAitive processing has been an important research field in an effort to tackle this challenge.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the China Automotive ANAitive Manufacturing Market. In 2019, the market of China Automotive ANAitive Manufacturing Market has been consolidated by the top players - Stratasys Ltd, Electro Optical Systems GmbH, Beijing Tiertime Technology Co.Ltd, Shining 3D Tech Co.Ltd, Farsoon Technologies, Protofab, 3D Systems Corporation, SLM Solutions GmbH, Materialise NV, Renishaw PLC.

  • Pvt Intech ANAitive Solutions. The pioneers and industry leaders in metal aNAitive manufacturing in India, Ltd. (formerly known as Intech DMLS Pvt. Ltd.), announced that they have planned, produced and introduced a true technical innovation' Made in India' to the Indian manufacturing sector, with the introduction of their latest line of Metal 3D Printers. These innovative, cutting-edge 3D Printers technology will be demonstrated at the' IMTEX Shape 2020' exhibition from 23 to 28 January 2020 in Bangalore.
  • In June 2019, In order to make the benefit of advertised fuels available to widely valued consumers around the world, HPCL has figured out the solution by offering aftermarket fuel performance enhancing aNAitives in compact small pouches. Vinner Petrol Plus and Vinner Diesel Plus will be available on the market in different sizes of pouches.