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(USGovernment-News.Com, June 15, 2021 ) 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.
Read More On The Global Passenger Car Market Report:
The global passenger car market is expected to grow from $1321.74 billion in 2020 to $1445.1 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The market is expected to reach $1988.72 billion in 2025 at a CAGR of 8%.
Passenger Car Market Report Segments:
By Type: Hatchback, Sedan, Utility Vehicle
By Fuel Type: Gasoline, Diesel, Others
Major Players in the Passenger Car Market are Volkswagen, Toyota, General Motors, Renault-Nissan, Hyundai-Kia
Passenger Car Global Market Report 2021: COVID-19 Impact And Recovery To 2030 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, passenger car market segments and geographies, passenger car market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
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