3D Printing For Automobile Manufacturing
In the forecast period, the global motor vehicles market size is expected to be over $4 trillion by 2021, growing at a CAGR of nearly 7%.
(EMAILWIRE.COM, December 12, 2018 ) The global motor vehicles market, a part of the transportation manufacturing industry, grew at a compound annual growth rate (CAGR) of around 7% during the historic period. The transportation manufacturing industry showed a steady growth. The growth is mainly due to low fuel prices, increased demand for motor vehicles in emerging countries such as China and India owing to rising disposable income and surge in manufacturing activity increased the demand for commercial vehicles in these countries.
In the forecast period, the global motor vehicles market size is expected to be over $4 trillion by 2021, growing at a CAGR of nearly 7%. This market is expected to register a high growth rate in the forecast period due to the positive economic outlook in both developed and developing economies, expected increase in demand for hybrid and electric vehicles spurred by technological developments, innovation and changing environmental regulations. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global motor vehicles market in the future.
Find TBRC’s report on the motor vehicles market: https://www.thebusinessresearchcompany.com/report/motor-vehicles-global-market-report-2018
Additive manufacturing is continuously evolving and automobile manufacturers are now using 3D printing technology to reduce production time and costs. 3D printing creates a three-dimensional physical object using a digital design. It is being used to build prototypes of cars, concept models, design verification and functional parts used in test vehicles and engines. Automobile manufacturers are also using 3D printing to build a variety of tools, jigs and fixtures used in assembly and manufacturing processes. 3D printing helps in rapid prototyping, increases assembly line efficiency, lowers turnaround time, improves flexibility in design and reduces wastage of materials.
Major companies in the motor vehicles market, offering 3D technology include Toyota Motor, Volkswagen Group, General Motors, Daimler AG, Ford Motor, Fiat Chrysler Automobiles, Honda, Nissan, SAIC Motor, and BMW Group.
Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=11&type=smp
About The Business Research Company.
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Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
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In the forecast period, the global motor vehicles market size is expected to be over $4 trillion by 2021, growing at a CAGR of nearly 7%. This market is expected to register a high growth rate in the forecast period due to the positive economic outlook in both developed and developing economies, expected increase in demand for hybrid and electric vehicles spurred by technological developments, innovation and changing environmental regulations. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global motor vehicles market in the future.
Find TBRC’s report on the motor vehicles market: https://www.thebusinessresearchcompany.com/report/motor-vehicles-global-market-report-2018
Additive manufacturing is continuously evolving and automobile manufacturers are now using 3D printing technology to reduce production time and costs. 3D printing creates a three-dimensional physical object using a digital design. It is being used to build prototypes of cars, concept models, design verification and functional parts used in test vehicles and engines. Automobile manufacturers are also using 3D printing to build a variety of tools, jigs and fixtures used in assembly and manufacturing processes. 3D printing helps in rapid prototyping, increases assembly line efficiency, lowers turnaround time, improves flexibility in design and reduces wastage of materials.
Major companies in the motor vehicles market, offering 3D technology include Toyota Motor, Volkswagen Group, General Motors, Daimler AG, Ford Motor, Fiat Chrysler Automobiles, Honda, Nissan, SAIC Motor, and BMW Group.
Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=11&type=smp
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company
Contact Information:
The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
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The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results