China Automotive Additive Manufacturing Market - Forecast(2021 - 2026)

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 Additive 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 additive 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.

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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.
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• Laser sintering is an additive 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.
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• China reported sales of 1 million electric vehicles in 2018, more than twice the number of U.S. sales. China's additive manufacturing sector is gaining steam thanks to big funds for applied production and materials research and development.

China Automotive Additive Manufacturing Market Segment Analysis - By Material

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 additive manufacturing of metal powders in the years ahead.

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China Automotive Additive Manufacturing Market Segment Analysis - By Technology

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 additive 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 additives 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.

China Automotive Additive Manufacturing Market Segment Analysis - By Manufacturing Process

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. 

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