India 3D Printing Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “India 3D printing market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the India 3D printing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The India 3D printing market is projected to exhibit a growth rate (CAGR) of 24.8% during 2023-2028. The increasing advancements in manufacturing processes, the implementation of favorable government initiatives, and the rising product adoption in the healthcare sector for medical devices, prosthetics, implants, and surgical models represent some of the key factors driving the market.
Three-dimensional (3D) printing is a process that creates 3D objects by building them layer by layer from a digital file. It employs specialized machines to deposit materials such as plastics, metals, or ceramics, following a precise pattern defined by a computer-aided design (CAD) model. It accelerates the prototyping process, which allows for quicker iterations and design improvements. It minimizes material waste by using only the material needed for the object and facilitates the creation of personalized and tailor-made products. It aids in reducing the costs for small production quantities by eliminating the need for specialized molds and tools. Besides this, as it facilitates manufacturing complex and custom shapes, the demand for 3D printing is rising across India.
India 3D Printing Market Trends and Drivers:
The growing automotive and aerospace industries in India are increasingly adopting 3D printing for prototypes, parts manufacturing, and design optimization, which is contributing to market growth. Additionally, the falling prices of 3D printers and related technology in the country are making them more accessible to small and medium-sized businesses. Apart from this, the Government of India (Goi) is providing funds to promote research and development (R&D) activities in technology sectors, which is offering a favorable market outlook. Moreover, strategic collaborations between Indian companies, research institutions, and international 3D printing firms to expand market reach and product portfolio is propelling market growth.
The report segmented the market on the basis of region, technology, process, material, offering, application, and end user.
Technology Insights:
- Stereolithography
- Fused Deposition Modeling
- Selective Laser Sintering
- Electron Beam Melting
- Digital Light Processing
- Others
Process Insights:
- Binder Jetting
- Directed Energy Deposition
- Material Extrusion
- Material Jetting
- Power Bed Fusion
- Sheet Lamination
- Vat Photopolymerization
Material Insights:
- Photopolymers
- Plastics
- Metals and Ceramics
- Others
Offering Insights:
- Printer
- Material
- Software
- Service
Application Insights:
- Prototyping
- Tooling
- Functional Part Manufacturing
End User Insights:
- Consumer Products
- Machinery
- Healthcare
- Aerospace
- Automobile
- Others
Regional Insights:
- South India
- East India
- West and Central India
- North India
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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