Automotive Additive Manufacturing Market size was valued at USD 7.78 billion in 2021, growing at a CAGR of 7.4% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global Market, and that can be segmented by Material Type, by Component Type. By Material Type, the market has been segmented into Polymers, Ceramics, Metals, Others. The metal segment is likely to be the largest and fastest-growing segment in terms of material type. Based on Component Type, the global Automotive Additive Manufacturing Market is segmented into Engine Parts, Battery Housings, Cooling Systems, Lightweight Hinges & Brackets, Heat Exchangers, Gears, Wheels and Suspensions, Others. Among these, the engine parts segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on Vehicle, the global Automotive Additive Manufacturing Market is segmented into Passenger Cars, Trucks, LCV, Buses, Motorcycles / Off-road, Others. The cars segment accounts for the largest share in 2021. Trucks segment is the second-largest share during the forecast period 2022-2028.
In August 2022, Stratasys intends to acquire the additive manufacturing division of Covestro.