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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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With over 150 market intelligence reports published annually, BIS Research focuses on various technology verticals such as 3D printing, advanced materials & chemicals, aerospace and defense, automotive, healthcare, electronics & semiconductors, robotics & UAV and other emerging technologies.
Each research report incorporates detailed analysis and subsequent quantification of- market dynamics, market drivers and restraints, opportunities, threats, market shares, current and emerging industry trends as well as detailed competitive landscape and intelligence.
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