According to TechSci Research report, “India 3D Printer Market- By Region, Competition, Forecast & Opportunities, 2018-2028”, the India 3D Printer Market stood at USD92.34 million in 2022 and is projected to grow at a CAGR of 20.33% in the forecast period. This growth trajectory is driven by technological advancements in the 3D printing industry and the increasing adoption across various sectors like defense, aerospace, and automotive. The enhanced prototyping capabilities and accuracy of 3D printing technology further bolster market expansion, particularly in the metal 3D printing segment.
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The shift from traditional manufacturing to functional part manufacturing in industries such as medical, aerospace, and consumer goods is a key driver for the India 3D printer market. 3D printing offers cost-efficiency, reduced material wastage, and faster production times, making it highly attractive across diverse verticals. The COVID-19 pandemic has also spurred innovation in medical applications, accelerating the demand for 3D printers in healthcare settings.
Browse over 31 market data Figures spread through 70 Pages and an in-depth TOC on "India 3D Printer Market"
The India 3D printer market is segmented by type, end-use industry, process, region, and competitive landscape. In terms of end-use industry, automotive holds a significant market share due to the adoption of customized solutions and products, driving a projected CAGR of 21.28% during the forecast period. Early adopters like consumer electronics, aerospace, and medical sectors are leveraging 3D printing for various applications, including dental and bio-printing technologies, which are poised to revolutionize the medical field.
Regionally, the South region dominates with a market share of 33.88% in 2022, driven by its status as an IT hub and the presence of key 3D printer manufacturers. The region's investment in advanced manufacturing technologies, coupled with the growing demand from small and medium-sized enterprises for reliable and cost-effective prototypes, is expected to sustain market leadership in the coming years.
Major market players operating in the India 3D printer market are:
- Altem technologies Pvt ltd.
- J Group Robotics
- Imaginarium India Pvt ltd
- KC Bots
- Think3d
- Stratasys India
- Divide By Zero Technologies
- Novabeans Prototyping Labs LLP
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“India 3D printer market is expected to grow at a robust pace on account of technological developments, not only in terms of printing technology but also in printing material variety and quality. Moreover, growing demand for 3D printed products from various verticals such as manufacturing, defense, education, healthcare, aerospace, consumer electronics, automotive, etc. is further propelling the growth of India 3D printer industry. Easy availability of low-cost 3D printers along with anticipated decline in Average Selling Prices (ASPs) are attracting consumers. On the other hand, low cost of manufacturing products along with high customization and reduced raw material wastage are motivating the consumers to opt for 3D printers is expected to propel the India 3D Printer Market growth till 2028”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India 3D Printer Market By Type (Personal Printer, Industrial Printer), By End Use Industry (Automobile, Consumer Electronics/Electronics, Medical, Aerospace, Defence, Education, Others{Robotics, Manufacturing, Entertainment, fashion Industry}), By Process(Powder Bed Fusion, Vat Polymerization/ Liquid Based, Material Extrusion, Binder Jetting, Material Jetting, Others{Direct Energy Decomposition, Sheet Lamination}), By Region (South, North, West, East), Competition, Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of India 3D printer market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India 3D printer market.
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