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| Report Code: A00446 | Pages: 145 | ||
| Tables: 35 | Charts: 27 |
| |
3D Printing Market Outlook - 2020
3D Printing Market in emerging economies is expected to garner $4.5 billion by 2020, registering CAGR of 37.4% during the forecast period 2014-2020. 3-D printing or additive manufacturing is the process which builds layer upon layer to create a three-dimensional solid object from a digital model with the help of computer system. The computer controls layer by layer material deposition maintains very low wastage of printing material. 3D printing provides the integration of metals and alloys and other raw materials available in the market according to the specifications of the final product.
The emerging economies such as China, India, UAE, Brazil and South Africa are investing substantially on the 3D printing technology. Among the emerging nations, China holds lions share in the 3D printing technology. In April 2013, Chinas Ministry of science and Technology had invested $6.5m for National High technological Research and Development Program to promote the technology and increase the rate of adoption of 3D printing. The contour crafting technology adoption by China has bought a new revolution in the construction industry.
The Shanghai Winsun Decoration Design Engineering company has built around 10 houses in a clocks time, which is a milestone in the construction market. South Africa, in December 2013, had organized an event called Euromold to solve technical queries among the existingusers and eventually lead to widespread adoption. Mergers and acquisitions in the emerging regions also motivate manufacturersin adopting the technology. Gauging the potential in the emerging economies, 3D Systems acquired Robotech, a well-known additive manufacturing company in Brazil to increase its 3D printing market share.
Minimal material wastage, low labor cost, faster processing, user friendly interface and availability of the printers at affordable cost are the prime features of the technology. 3D printing is widely adopted by manufacturing industries to prototype the product, which is difficult to print by traditional methods of printing. Precise group has launched TIM project, which is a combination of advanced scanning technology, proprietary software and 3D printing techniques. Mingda has introduced the biggest desktop 3D printer in Brazil, which has an LCD facility and can print at a speed of 250mm/s. Wide range of consumer items such as dresses, key chains and toys are also produced with the help of 3D printing.
The companies profiled in the report are Stratasys Ltd, 3D Systems, Arcam AB, Autodesk Inc., ExOne Company, Voxeljet AG, Optomec Inc., Hoganas AB. Organovo Holdings Inc. and Ponoko.
China - 3D Printing Market
India - 3D Printing Market
UAE - 3D Printing Market
Brazil - 3D Printing Market
South Africa - 3D Printing Market
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The features of 3D printing technology have brought technology on a verge of revolution where the market is ready to transform from niche status to becoming a feasible choice to traditional manufacturing process in various applications. Additive manufacturing market is in the growing phase of its life cycle as many novel technologies involved in the printing are in its nascent stage. Due to the wide application of 3D printing, the market is highly fragmented. The market is surging higher primarily due to rising demand for faster and more efficient way to manufacture complex design objects using wide array of materials. The key areas of application such as healthcare and aerospace, which are growing at a promising rate, have witnessed penetration of 3D printing technology in a significant manner. Consumer product industry remains to be the largest application segment occupying nearly 1/4thof the overall emerging economies market share in 2013, while defense sector is expected to exhibit the fastest growth during the forecast period. Stereolithography, selective laser sintering, electron beam melting, fused deposition modeling laminated object manufacturing and contour crafting are some of the technologies currently being deployed in 3D printing in the emerging economies. All these technologies make use of additive printing technique to build 3D objects. The key market players are targeting the emerging sectors as the potential markets to explore by mergers and acquisitions with the local players. Governments’ involvement is boosting the overall adoption of the technology by making investments for application of 3d printing in education and research. Chinese company Shanghai Winsun Decoration Design Engineering has built 10 houses of a similar range costing about $4000 per house using 3D printing technology.
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