India 3D printing Market Size is estimated to grow at a CAGR of 20.3% during the forecast period


Posted August 28, 2023 by Jameslin

According to a new report published by XResearch, titled, “India 3D printing Market Insights, Trends, Opportunity & Forecast, 2023–2030

 
According to a new report published by XResearch, titled, “India 3D printing Market Insights, Trends, Opportunity & Forecast, 2023–2030,” the India 3D printing market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2030. The widespread adoption of 3D printing technology in various industries. The versatility of 3D printing has led to its widespread use in manufacturing, healthcare, aerospace, automotive and consumer products among others Besides, the advantages of additive manufacturing factors such as prototyping speed, cost and increasing customization skills, which are the major factors augmenting the growth of the India 3D printing market. The India 3D printing market is anticipated to grow at a high CAGR of 20.3% from 2023 to 2030. The market's revenue surged to $111.0 million in 2022, and it is expected to further accelerate, reaching a notable $705.1 million by 2030.

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3-D printing allows for extra design flexibility and faster production of custom designed products, meeting the particular needs of customers, are further expected to create ample growth opportunities for the India 3D printing market during the forecast period i.e., 2023-2030. Moreover, the developing awareness about the benefits of 3-D printing, which includes decreased material waste and low lead times, has propelled market expansion. The availability of an extensive range of 3D printing materials, is expected to contribute towards the market growth during the period.
The North India region accounted for the largest share in the India 3D printing market in 2022. The region is further projected to continue dominating in the market during the forecast period. This can be attributed to the presence of important automotive and aerospace manufacturers.
According to product type, the 3D printers segment accounted for the largest market share in the India 3D printing market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2030.
The India 3d printing market is segmented into product type, process, technology, application, end-users and region. Based on product type, the market is bifurcated into printer, material, software, and service. Based on process, it is classified into powder bed fusion, material extrusion, vat photopolymerization, material jetting, binder jetting, directed energy deposition, sheet lamination. Based on technology, it is classified into stereolithography (SLA), fused deposition modeling (FDM), selective laser sintering (SLS), direct metal laser sintering (DMLS), polyjet/multijet printing (MJP), inkjet printing, electron beam melting (EBM), laser metal deposition (LMD), direct light projection (DLP), laminated object manufacturing (LOM), others. Based on application, it is classified into prototyping, functional part manufacturing, and tooling. Based on end-users, it is classified into automotive, aerospace, healthcare, manufacturing, education, consumer goods, others.
The India 3D printing market is analyzed across India (North India, South India, East India, West India)
Key Insights of India 3D Printing Market
• On the basis of product type, the 3D printers segment accounted for the largest market share in the India 3D printing market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2030.
• On the basis of region, North India accounted for the largest share in the India 3D printing market in 2022. The region is further projected to continue dominating in the market during the forecast period.
• On the basis of region, South India is estimated to account for the second largest share in the market during the forecast period.
Some of the major India 3D printing companies profiled in the report include Altem technologies Pvt ltd., KC Bots, Think3d, J Group Robotics, Imaginarium India Pvt ltd, Divide by Zero Technologies, Novabeans Prototyping Labs LLP, Stratasys India.

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Issued By James
Country India
Categories Electronics , Software , Technology
Tags india 3d printing market , india 3d printing market size , india 3d printing market share , india 3d printing market news
Last Updated August 28, 2023