3D printers are technologically advanced machines used for additive manufacturing of specialized, complex, & customized products that require high accuracy. These printers are gaining swift momentum across various industries like automotive, aerospace, consumer electronics, and art & jewelry in India, principally due to their capabilities to create lightweight & geometrically complex parts.
The India 3D Printer Market is projected to grow at a CAGR of around 25% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the rapidly increasing inclination of industries like construction, automotive, medical, aerospace, & art, among others, on utilizing the benefits & capabilities of 3D printers, i.e., surging their demand for designing, prototyping, and developing & customizing products in the shortest time with ease.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Region Covered||North, South, West,East, North-East|
|Key Companies Profiled||3D Systems Inc., Altem Technologies, Brahma3 Pvt. Ltd., DesignTech Systems Ltd., KC Bots, Optomec, Leapfrog, REDD Robotics, Sintermask GmbH, Stratasys Ltd.|
|Unit Denominations||USD Million/Billion|
Besides, since 3D printers can create almost anything that fits within its build volume, their demand is swiftly burgeoning across India & instigating the leading players in the market to expand their production & distribution capacities, thereby driving the market.
Moreover, with a greater inclination of industries toward utilizing technologically advanced & upgraded equipment for manufacturing different products, several research & development activities associated with 3D printers are being conducted by the leading market players.
Furthermore, since the government is projecting favorable policies for establishing new industries, organizations, & start-ups in the country, the demand for 3D printers across multiple end-users is likely to propel and positively influence the overall market growth in the coming years.
Impact of Covid-19 on the India 3D Printer Market
The advent of the Covid-19 had a decelerating effect on most industries, and the India 3D Printer market was no exception. While the government had to impose stringent movement restrictions & frequent lockdowns to curb the spread of this dreadful disease, the leading players in the market observed several unprecedented challenges associated with the production & distribution of 3D printers across the country.
Since the entire supply chain was disrupted, along with the transportation & logistics, manufacturers witnessed a shortage & unavailability of raw materials, coupled with significant delays in the deliveries of pre-produced goods across different locations. It, in turn, resulted in massive financial losses for the leading players amidst the crisis and affected the market growth across India.
However, with the declining Covid-19 cases, restrictions were uplifted, and business processes recommenced. Industries like automotive, aerospace, construction, & electronics, among others, resumed their manufacturing operations and generated a soaring demand for 3D printers in different applications like prototyping, modeling, designing, etc.
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Macro-Economic Indicators
5. India 3D Printer Market Outlook, 2017-2027
5.1. Market Size & Analysis
5.1.1. Units Sold
5.1.2. Market Revenues
5.2. Market Share & Analysis
5.2.1. By Product
126.96.36.199. Industrial 3D Printer
188.8.131.52. Desktop 3D Printer
5.2.2. By Technology
184.108.40.206. Fused Deposition Modelling
220.127.116.11. Selective Laser Sintering
18.104.22.168. Digital Light Processing
5.2.3. By Application
22.214.171.124.1. Bio Printing
126.96.36.199.2. Medical Devices
188.8.131.52.4. Consumer Electronics
184.108.40.206.1. Education and Research
220.127.116.11.2. Art and Jewelry
18.104.22.168.3. Aerospace & Defense
5.2.4. By Region
5.2.5. By Competitors
22.214.171.124. Competitor Wise Revenue Share
126.96.36.199. Strategic Factorial Indexing
188.8.131.52. Competitor Placement on MarkNtel Quadrant
6. India 3D Printer Market Attractiveness Index
6.1. By Product
6.2. By Technology
6.3. By Application
6.4. By End Users
6.5. By Region
7. India 3D Printer Market Policy & Regulations
8. India 3D Printer Market Trends & Developments
9. India 3D Printer Market Dynamics
9.1. Impact Analysis
10. India 3D Printer Market Import Export Analysis
11. India 3D Printer Market- Price Analysis
12. India 3D Printer Market- Buyer’s Behavior
12.1.Selection – Price, Quality, Technology, Brand, Support Services
13. India 3D Printer Market Winning Strategies
14. India 3D Printer Market Porter’s Five Forces Analysis
15. India 3D Printer Market Key Success Imperatives for Growth & Success
16. Competitive Benchmarking
16.1.1. Product Portfolio
16.1.2. Target Markets
16.1.3. Target End Users
16.1.4. After Sale Service
16.1.5. Strategic Alliances
16.2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
16.2.1. 3D Systems Inc.
16.2.2. Altem Technologies
16.2.3. Brahma3 Pvt. Ltd.
16.2.4. DesignTech Systems Ltd.
16.2.5. KC Bots
16.2.8. REDD Robotics
16.2.9. Sintermask GmbH
16.2.10. Stratasys Ltd.