India 3D Printer Market Research Report: Forecast (2022-2027)
By Product (Industrial 3D Printer, Desktop 3D Printer), By Technology (Fused Deposition Modelling, Selective Laser Sintering, Stereolithography, Digital Light Processing), By Appli...cation (Medical (Bio Printing, Medical Devices, Pills), Industrial (Apparel, Automotive, Construction, Consumer Electronics), Others (Education & Research, Art & Jewelry, Aerospace & Defense)), By Region (North, South, West, East, North-East), By Competitors (3D Systems Inc., Altem Technologies, Brahma3 Pvt. Ltd., DesignTech Systems Ltd., KC Bots, Optomec, Leapfrog, REDD Robotics, Sintermask GmbH, Stratasys Ltd.) Read more
- Energy
- Mar 2022
- 115
- EN77008
Market Definition
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.
Market Insights
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.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2017-20 |
Base Year: 2021 | |
Forecast Period: 2022-27 | |
CAGR (2022-2027) | 25% |
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.
Market Segmentation
Based on the Technology:
- Fused Deposition Modelling
- Selective Laser Sintering
- Stereolithography
- Digital Light Processing
Here, Fused Deposition Modeling (FDM) is anticipated to display the fastest growth in the India 3D Printer Market during the forecast period. It owes principally to the extensive application of this technology in 3D printers due to its capabilities to offer precise coding to create accurate & high-quality products.
The demand for 3D printers with FDM technology is extensive across industries like automotive, aerospace, and electronics. Besides, since it is a highly inexpensive & easily available technology, it attracts a large consumer base for 3D printers and contributes significantly to the overall market growth.
Moreover, FDM is also deployed for applications like product development, manufacturing, & prototyping and is swiftly gaining momentum across the country, which, in turn, would fuel the overall market growth over the forecast years.
Based on the Product:
- Industrial 3D Printer
- Desktop 3D Printer
Here, Desktop 3D Printers are projected to demonstrate the fastest growth in the market during 2022-27. It attributes principally to the increasing awareness about their benefits like easy use & development of customized products, minimal waste generation in manufacturing, & low production cost, i.e., surging their demand across industries like manufacturing, healthcare, consumer products, educational application, food & culinary, and art & jewelry.
Key Questions Answered in the Market Research Report:
- What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the India 3D Printer Market?
- What are the region-wise industry size, growth drivers, and challenges?
- What are the key innovations, opportunities, current & future trends, and regulations in the India 3D Printer Market?
- Who are the key competitors, their key strengths & weaknesses, and how do they perform in the India 3D Printer Market based on the competitive benchmarking matrix?
- What are the key results derived from surveys conducted during the India 3D Printer Market study?
Frequently Asked Questions
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Executive Summary
- Expert Verbatim- What our Experts Say?
- Macro-Economic Indicators
- India 3D Printer Market Outlook, 2017-2027
- Market Size & Analysis
- Units Sold
- Market Revenues
- Market Share & Analysis
- By Product
- Industrial 3D Printer
- Desktop 3D Printer
- By Technology
- Fused Deposition Modelling
- Selective Laser Sintering
- Stereolithography
- Digital Light Processing
- Others
- By Application
- Medical
- Bio Printing
- Medical Devices
- Pills
- Industrial
- Apparel
- Automotive
- Construction
- Consumer Electronics
- Others
- Education and Research
- Art and Jewelry
- Aerospace & Defense
- Medical
- By Region
- North
- South
- West
- East
- North-East
- By Competitors
- Competitor Wise Revenue Share
- Strategic Factorial Indexing
- Competitor Placement on MarkNtel Quadrant
- By Product
- Market Size & Analysis
- India 3D Printer Market Attractiveness Index
- By Product
- By Technology
- By Application
- By End Users
- By Region
- India 3D Printer Market Policy & Regulations
- India 3D Printer Market Trends & Developments
- India 3D Printer Market Dynamics
- Impact Analysis
- Drivers
- Challenges
- India 3D Printer Market Import Export Analysis
- India 3D Printer Market- Price Analysis
- India 3D Printer Market- Buyer’s Behavior
- Selection – Price, Quality, Technology, Brand, Support Services
- India 3D Printer Market Winning Strategies
- Investment Scenario
- Hotspots
- India 3D Printer Market Porter’s Five Forces Analysis
- India 3D Printer Market Key Success Imperatives for Growth & Success
- Competitive Benchmarking
- Competition Matrix
- Product Portfolio
- Target Markets
- Target End Users
- After Sale Service
- Strategic Alliances
- Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
- 3D Systems Inc.
- Altem Technologies
- Brahma3 Pvt. Ltd.
- DesignTech Systems Ltd.
- KC Bots
- Optomec
- Leapfrog
- REDD Robotics
- Sintermask GmbH
- Stratasys Ltd.
- Competition Matrix
- Disclaimer