3D Printing Market in Emerging Economies
(China, India, UAE, Brazil, South Africa) - Size, Industry Analysis, Trends,
Opportunities, Growth and Forecast, 2013 - 2020 report indicates that the 3D
printing market in emerging economies would reach $4.5 billion by 2020
registering CAGR of 37.4% from 2014 to 2020. The additive manufacturing and
rapid prototyping process adopted by the leading manufacturing companies would
propel the growth of the 3D printing technologies. Amongst the emerging
markets, India and China are the most opportunistic regions for the development
of 3D printing; therefore, market leaders are looking to capitalize on the
prevailing opportunities in these countries.Higher accuracy, faster processing,
efficient use of materials and the ability to build customized products
optimally are the prime elements of growth for 3D printing market. Favourable
initiatives by the governments in the emerging economies are contributing to
the growth of the start-ups in the region giving them power to compete with the
top players in the region.
According to Publisher analysis on the
emerging sectors, the adaptation can be phrased in simple form as "Print
what you think with the help of 3D printing technology effectively".
Shanghai Winsun Decoration Design Engineering, a Company based in China, has
adopted Contour Crafting to build houses which is a milestone to a lot of
companies. Unique factors of 3D printing over traditional printing processes
such as building complex designs easily, mixing of materials to meet
continuously changing demands of customers, effective time management, among
others have been the prominent factors driving the adoption of 3-D printing.The
easy portability and simple installation with the facility of mixing different
types of materials according to need of the operating environment has made 3D
printing a popular technology. The widespread adoption of 3D printers in
healthcare and medical sectors in emerging economies is bringing the technology
into the limelight among the domestic players. The technology is gaining
prominence amongst leading domestic players, as the products manufactured can
be further used in varied applications.
Publisher analysis suggests that the
commercialization of 3D printing technology would not only lower manufacturing
material loss and minimise the labour cost, but also raise awareness and
eventually lead to widespread adoption of the technology. Mergers and
acquisitions among top global players and local players of emerging regions
would further accelerate the growth and adoption of the technology. Acquisition
of Brazilian domestic company named Robotech by 3D Systems; a global leader is
one such notable example that confers the impending market trend.
The initiatives taken by governments
across the emerging economies to enhance the 3D printing technology is one of
the major driving factors. In April 2013, China has invested $6.5 million to
conduct research on key 3D printing technologies. Technological events have
been arranged across sectors for spreading awareness among stakeholders.
The adoption of the technology would
lead to low labour cost and efficient use of printing material, which would
give a competitive edge to manufacturing companies. General Electric, on the
other hand, explored the potential in the Indian market by incorporating
additive manufacturing technology in manufacturing plastic parts and eventually
also used the technology in manufacturing metal parts. Key companies profiled
in the report are StratasysLtd, 3D Systems, Arcam AB, Autodesk Inc., ExOne
Company, Voxeljet AG, Optomec Inc., Hoganas AB, Organovo Holdings Inc., and
Ponoko.
Spanning
over 145 pages, “3D Printing Market in
Emerging Economies - China, India, UAE, Brazil, South Africa (Components and
Applications) - Size, Share, Emerging Trends, Company Profiles, Demand,
Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast,
2013” report covering the Introduction, Executive Summary, Market Overview,
China-3D Printing Market, 2013-2020 $ Million, India- 3D Printing Market
2013-2020 $ Million, UAE-3D Printing Market 2013-2020 $ Million, Brazil-3D
Printing Market 2013-2020 $ Million, South Africa-3D Printing Market 2013-2020
$ Million, Company Profile. The report covered companies are - 3D Systems,
Arcam AB, Autodesk, Inc., Stratasys Ltd, ExOne, Hoganas AB, Optomec, Inc.,
Organovo Holdings, Inc., Ponoko, Voxeljet Ag
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