India 3D Printer Market Introduction
Continuous technological advancements have enabled individuals to transformed data into things and things into data. 3D printer is a next industrial revolution that can enable end users to design and produce objects on demand, whenever and wherever they need them. 3D printer uses a digital design file as a part of input to produce a tangible product by using a layer-upon-layer printing approach. Companies operating across various end user verticals have recognized that 3D printing presents considerable opportunities to do things differently. Further, it allows end users to reassess the partners of supply chain by adding new capabilities in their manufacturing processes.
Increase in applications of 3D printers in various industries such as automotive and electronics sector for product customization is driving the popularity and penetration of 3D printer in India. Further, ongoing advancements in the technology have enabled industries to produce light weight products by using different materials. Moreover, benefits offered by 3D printing such as reduced human error, time, and cost are anticipated to boost the adoption of 3D printers across various industries. In contrast, shortage of skilled workforce and lack of awareness among industries are anticipated to hamper the 3D printer market growth in India.
Some of the recent trends observed in the market are individualized production of things which is attributed to the increase of the do-it-yourself culture among individuals in the country. Further, 3D printing is rapidly gaining traction in healthcare sector and has enabled healthcare organizations to improve their service quality and patient experience. Moreover, Indian entrepreneurs have established partnerships with foreign collaborators to manufacture 3D printers and enhance printing technology in India.
India 3D printer market scope includes different level of segments such as by technology and vertical. Based on technology, the India 3D printer can be segmented into selective laser sintering (SLS), fused deposition modeling (FDM), stereolithography (SLA), and other. The India 3D printer market can also be segmented based on vertical into automotive and aerospace, electronics, healthcare, retail, energy, and others.
India 3D Printer Market Competitive Landscape
Substantial investment in research and development, and strategic mergers and acquisitions are some of the major strategies followed by the key players operating in the India 3D printer market. Some of the major players identified in the India 3D printer market include 3D Systems Corporation, Imaginarium, Arcam AB, Concept – Laser GmbH, EOS GmbH Electro, ExOne Co, JGroup Robotics, SLM Solutions Group AG, KCbots, and Stratasys Ltd.
This research report on India 3D printer market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.