China Automotive Additive Manufacturing Market - Forecast 2021 - 2026
China Automotive Additive Manufacturing Market size is forecast to reach $8.5 billion by 2025 , after growing at a CAGR 7.5% during 2020-2025. Automotive Additive Manufacturing is referred to as the process that makes up 3D structures that are produced to shape a structure by incorporating several sets of layers of materials. According to the Chinese Passenger Car Association (CPCA), demand for electric car is growing progressively. This is due to the rising development of lightweight automobile parts utilizing 3D automobile printing technologies. The Chinese Government has rendered the development of additive manufacturing technologies a priority in the region. International companies are urged to create subsidiaries, although some domestic companies are also driven by government policies. Collaboration with other industry leader companies to incorporate the technology into their manufacturing process and create innovative product innovations would help them achieve strategic ed