The India 3D Printer Market is expecting around 25% CAGR in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The growing adoption of 3D printing technology to design & manufacture product models across various industries in India, such as automotive, consumer goods, medical devices, and art & jewelry, is driving the market.
Besides, increasing awareness among manufacturers about the benefits & efficiency of this technology in creating complex geometries that are unlikely to be made manually or conventional methods is another crucial aspect stimulating the demand for 3D printers in India and boosting the market.
Moreover, the swiftly expanding automotive, construction, & electronics industries and their greater inclination toward procuring technologically advanced equipment shall also drive the market and encourage the leading industry players to expand their product offerings throughout India over the forecast years, further states the research report, “India 3D Printer Market Analysis, 2022.”
Increasing Inclination toward Product Prototyping using Fused Deposition Modeling (FDM) to Boost the Market through 2027
The surging demand for modeling, prototyping, & production applications across industries like automobiles & consumer goods for testing models & lightweight tools through a computer-aided or driven manufacturing process is infusing the demand for Fused Deposition Modeling (FDM) technology and, in turn, driving the market.
Besides, the growing interest of different industries in these technologies to make product prototypes before the final model is another prominent factor projected to propel the demand for FDM technology and, in turn, drive the market through 2027, reveals MarkNtel Advisors in their research report, "India 3D Printer Market Analysis, 2022."
The leading players in the India 3D Printer Market include 3D Systems Inc., Altem Technologies, Brahma3 Pvt. Ltd., DesignTech Systems Ltd., KC Bots, Optomec, Leapfrog, REDD Robotics, Sintermask GmbH, and Stratasys Ltd.
Key Questions Answered in the Study