Press Release

India 3D Printer Market Valued at USD 15.1 Billion in 2023, Projected 16.87% CAGR to 2030

The India 3D Printer Market size is valued at USD 15.1 billion in 2023 & is estimated to grow at a CAGR of around 16.87% during the forecast period, i.e., 2024-30, 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, 2024.”

India 3D Printer Market Segmentation Analysis:

1. By Product (Industrial 3D Printer, Desktop 3D Printer)
2. By Technology (Fused Deposition Modelling, Selective Laser Sintering, Stereolithography, Digital Light Processing)
3. By Application (Medical (Bio Printing, Medical Devices, Pills), Industrial (Apparel, Automotive, Construction, Consumer Electronics), Others (Education & Research, Art & Jewelry, Aerospace & Defense))
4. By Region (North, South, West, East, North-East)

Increasing Inclination toward Product Prototyping using Fused Deposition Modeling (FDM) to Boost the Market through 2030

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 2030, reveals MarkNtel Advisors in their research report, "India 3D Printer Market Analysis, 2024."

Competitive Landscape

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

1. What are the current & future trends in the India 3D Printer Market?
2. How has the industry been evolving in terms of geography & product adoption?
3. How has the competition been shaping across India, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the India 3D Printer Market?
5. What are the customer orientation, purchase behavior, & expectations from 3D printer manufacturers across India?