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3D Printing Set to Revolutionize the Automotive Production and Aftermarket with Customized Parts Finds Frost & Sullivan - Innovative raw materials to help augment the operational efficiency of 3-D printers, finds Frost & Sullivan - Frost.com
3D Printing Set to Revolutionize the Automotive Production and Aftermarket with Customized Parts Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2016/01/08 - Innovative raw materials to help augment the operational efficiency of 3-D printers, finds Frost & Sullivan - Frost.com.

   
 
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The application scope of 3-D printing technology is currently restricted to the production of extremely low volume parts and production tooling. This is mainly due to the high costs of the machinery and raw materials, slow printing speeds and reduced levels of software optimization. Therefore, with a drop in material and machine prices, advanced software integration and faster printing, 3-D printing could potentially revolutionize automotive production, supply chain and the aftermarket.

New analysis from Frost & Sullivan, Executive Analysis of 3-D Printing in the Automotive Industry, finds that the technology will generate $4.3 billion from the automotive industry by 2025 and achieve deeper penetration in automotive production and the aftermarket. As a result, 3D printing could offer substantial savings to manufacturers, suppliers and even consumers.

“Even though cheaper raw materials and technological enhancements will boost the uptake of 3-D printers, issues such as patent liability, product defects and patent infringement will persist,” saidFrost & Sullivan Mobility Research Analyst Viroop Narla. “Furthermore, comprehensive training as well as expensive data and communications systems, will be required to maximize 3-D printers’ operational efficiency, decrease data loss, minimize corruption and theft.”

Currently, new companies such as, Carbon3D, are developing novel 3-D printing technologies and partnering with established companies like Ford, in order to achieve technological advancements and shrink development times. 3-D printing technology will allow original equipment manufacturers (OEMs) and suppliers to print at multiple locations, thereby diminishing waiting periods and overall costs. Ultimately, this technology will also enable users to design and print customized parts, in line with each customer’s requirements.

In 2015, 90 percent of 3-D printing applications in the automotive industry were for prototyping and 10 percent for production. However, there could be a turnaround in this ratio with a 40 percent fall in price difference of raw materials (plastics and polymers) used by conventional manufacturing and 3-D printing.

“Innovative materials such as carbon fiber, metal powders and titanium are expected to radically improve the mechanical, chemical and thermal characteristics of printed products,” observed Narla. “Additionally, machines with a focus on quality and better manufacturing processes will lower post-processing requirements by generating products with superior tolerances and surface finish details.”

Executive Analysis of 3-D Printing in the Automotive Industry is part of the Intelligent Mobility Growth Partnership Service program. Frost & Sullivan’s related studies include: 2015 North American Category Management Report Lighting Components, How 3D Car Configurator Technology Can Shift the Point of Engagement Upstream in the Customer Journey, Executive Analysis of Thailand Logistics Industry, Executive Analyses of the Markets for South African and Algerian Passenger Vehicles and LIDAR-based Strategies for Active Safety and Automated Driving from Major OEMs in Europe and North America. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Executive Analysis of 3-D Printing in the Automotive Industry / NFA0-18

 
 
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3D Printing Set to Revolutionize the Automotive Production and Aftermarket with Customized Parts Finds Frost & Sullivan

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Publisher Contact: Clarissa Castaneda - Frost.com 
210-477-8481 clarissa.castaneda[.]frost.com
 
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