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Frost & Sullivan: 3D printing will generate $4.3 billion in the auto industry .

by • January 20, 2016 • No Comments

Jan 21, 2016 | By Alec

Could 2016 be the year of the 3D printed car? As many readers doubtlessly understand, Arizona-based Local Motors has been achieving successes left and right by pioneering their 3D printed cars and closely working with industry partners and scientists, and show no sign of slowing down. Their road-worthy LM3D Swim 3D printed car is expected to be released a few time in 2016, while Airbus has only revealed which they can be investing in Local Motors’ 3D printing techniques as well. And of course, on a additional general note, the automobile industry is increasingly adopting 3D printing innovation in their create and actually manufacturing processes. All these signs have in addition caught the eye of consultancy agency Frost & Sullivan, who have only released a report predicting which 3D printing can generate $4.3 billion in the auto industry by 2025.
The report in question is called “Executive Analysis of 3D Printing in the Automotive Industry”, and is really optimistic of the next of 3D printing in the car industry. They see it as an new innovation which can have impact in a number of sectors of the car industry, and especially in the aftermarket. “Innovative materials such as carbon fibre, metal powders and titanium are expected to radically improve the mechanical, chemical and thermal characteristics of printed products,” Frost & Sullivan research analyst Viroop Narlaa argues.
Of course, the innovation is yet in its infancy in many respects, but Narla is optimistic which create improvements can follow in swift succession and can enable 3D printing equipment to create the superb tolerances and surface finish details necessary for the automobile industry. That impact may be especially huge in the aftermarket, the secondary auto industry which revolves around repairs, maintenance and retailing of cars after the first purchase. But, 2025 is yet far away, and this impact can depend on whether or not 3D printing can minimize in price and reach the mainstream, the report says.

The forthcoming LM3D Swim by Local Motors.
Taylor Moss, the Chief Operations Officer at estimating solutions provider Estify, additional argued which 3D printing may pay big dividends in the collision repair industry especially. That appears really logical, as which sector has a constant demand for numerous tiny parts, actually for cars which are no longer maked. “Typically, repairs get held up many by the tinyest and seemingly many insignificant parts, and the talent to 3D print those parts on site may work wonders for via actual OEM specification rivets, screws, clips, and retainers,” he says, yet it can be necessary for the 3D printing device to make competent material properties.
Moss additional argued which 3D printing may significantly cut down repair times, and in turn shorten the number of rental days, cycle times and employee down time, manufacturing the whole repair process far additional streamlined. What’s additional, the innovation may additional reduce repair costs by 3D printing replacement parts on-site, while the likelihood of subsequent repairs is lower for the reason all parts can be created to fit. OEM standard fitting and specifications can in addition be guaranteed.
Moss is thus quite optimistic of what 3D printing can bring to the industry. “These are the fruits of 3D printing,” he argues. “I’m not certain which it is near, but there can most likely be a day when you can print all the parts you require for a repair right on site. And what can which do for efficiency and cost when shipping is eliminated, the require to carry inventory for parts dealers is unnecessary, and the parts can be printed for use when the vehicle is eager for the parts?” Whilst it can doubtlessly take a few time preceding 3D printed cars become a common sight out on the road, the future impact on the aftermarket sector unquestionably makes which number of $4.3 billion sound a lot additional realistic.

Posted in 3D Printing Technology

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