The motor vehicles manufacturing industry manufactures motorcycles, bicycles, automobiles, light trucks and heavy duty trucks.
The motor vehicles manufacturing market in this report is segmented into commercial vehicles manufacturers, passenger car manufacturing, and motorcycle, bicycles and parts manufacturing markets.
The global motor vehicles manufacturing market was estimated to be around $3450 billion as of 2017. The global motor vehicles manufacturing made up around 43% of the overall transportation manufacturing market in 2017. The motor vehicles manufacturing market was the largest market in the global transportation manufacturing market in 2017.
3D Printing For Automobile Manufacturing 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.
For instance, in 2014, Local Motors, an American motor vehicles manufacturing company, developed the first 3D-printed car from an ABS carbon fiber blend. In October 2016, Honda released a single seater micro commuter in Japan, with its body and majority of panels being 3D-printed.
The revenue from 3D printing automotive market is expected to reach $2.3 billion by 2021, thus indicating high potential for this technology in the forecast period.
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