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The automotive sector is expected to register the highest growth rate for the 3D printing market. 3D printing, when used in the automotive sector, can reduce the cost of production and replace the critical Computer Numerical Control (CNC)-milled parts with in-house manufactured parts and can also manufacture end-use parts for automobiles. In addition, these 3D printed parts are light-weight, their weight is reduced by XX%, thereby increasing the fuel efficiency of automobiles. Furthermore, use of 3D printing technology reduces lead time, transportation cost and inventory costs.
View Complete Report: 3D Printing Market for Automotive and Aerospace Market
The demand for 3D printing products varies according to various regions. The 3D printing market holds a prominent share in the automotive and aerospace industry of various countries of North America, Asia-Pacific (APAC), Europe, and Rest-of-the-World.
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