6wresearch logo
6wresearch discount on market reports

3D printing is all set to go mainstream

February 02, 2017

3D printing will find application in various sectors including automotive, healthcare and education in the years to come.

Much of the growth in the 3D printing market comes from the big shift from developing only prototypes to mass customization and production of more end-user products. A report from Markets and Markets which provides a global forecast till 2022, says that between 2016 to 2022 3D printing will be used for the production of complex parts. Various governments will invest in 3D printing projects and the secor will see nuanced improvements in manufacturing efficiency. These factors would contribute to an expected growth of $30.19 Billion by 2022, at a CAGR of 28.5 percent from 2016 to 2022.

The type of 3D printers that will find favor in the years to come are desktop 3D printers. The desktop usage will further enable designs and construction of sculptures, custom avatars, characters, and figurines. This report predicts a drop in the price of metals and wax which in turn would drive the market for desktop 3D printers.

In the coming years the spotlights will be on the laser metal deposition (LMD) printing technology, which comes with applications good enough to repair mould tool surfaces, aero engine components, military vehicles, tipping of turbine blades, and surfacing of oil and gas drilling components. As for a global opportunity, North America is expected to take away the largest share of the pie, says the survey report, making for the largest 3D printing market.

Promise and Opportunities - APAC

Another report from IDC, focusing on worldwide 3D printing spends, says 3D printing spending in Asia Pacific excluding Japan (APeJ) will grow at a 23 percent compounded annual growth rate (CAGR) from $1.5 billion to $4.3 billion by 2019.

This forecast indicates that the 3D spending in the dental sector is a major market with a CAGR growth forecast of 26 percent by 2019. Furthermore, 3D printing in healthcare will witness rapid growth in the future.

China seems to be the frontrunner in 3D printing within the region and much of the credit is to be given to the support coming from the Chinese government's "Made in China 2025" initiative under China's 15th 5-Year industrial transformation plan for hi-tech manufacturing.

'Make in India' and more

Owing to the 'Make in India' Campaign, the 3D printer market could swell to $79 Million by 2021, says 6Wresearch.

According to the report automotive applications will account for majority of the revenue share while educational and medical applications too will contribute significantly.

Transformative design capabilities Whereas the printers and their usage for industrial applications are concerned, much attention is to be given to the imports. What is likely to change or see a transition in the coming years is India's dependency on China, U.S and Germany for imports of 3D printers. This comes with the various government initiatives to push for domestic manufacturing, which will thereby see an emergence of local players.

6Wresearch predicts the dominating technology to be the Fused Deposition Modeling technique. Owing to factors like low cost and easy availability, printers incorporating this technology will hog larger market share.

This innovative and ever evolving industry is expected to see an increasing market awareness, easier design capabilities, with robust foundations for mass production as well as manufacturing of large scale objects.

Media Source: Cio

      Browse More Report

India Electric Chimney Market (2017-2023)

Market Forecast By Types (Wall Mounted, Straight Line, Island and Downdraft), By Applications (Commercial and Residential), By Suction Type (Less than 300 CFM, 300-600 CFM, 601-900 CFM, 901-1200 CFM and More than 1200 CFM), By Regions...

Read More

Middle East Power & Distribution Transformer Market (2017-2023)

Market Forecast By Type (Power Transformer and Distribution Transformer), By Power Rating (Distribution Transformer (Up to 315 KVA and 315.1 KVA – 5 MVA), Power Transformer (5.1 MVA – 50 MVA and Above 50 MVA)), By Cooling System (Dry Type and Liquid Type)...

Read More

Saudi Arabia Intrusion Detection Market (2017-2023)

Market Forecast By Installations (Indoor and Outdoor), By Technology (Fiber Optics Sensors, Microwave Sensors and Infrared Sensors), By Verticals (Banking & Financial, Government & Transportation, Commercial, Industrial & Manufacturing, Residential, Hospitality & Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Read More

Saudi Arabia UPS Market (2017-2023)

Market Forecast By Rating (Less than 5 KVA, 5.1 KVA - 20 KVA, 20.1 KVA - 50 KVA, 50.1 KVA - 200 KVA and 200.1 KVA & Above), By Applications (Commercials, Residential and Industrial), By Regions (Central, Western, Eastern and Southern) and Competitive Landscape

Read More

Australia Energy Storage Systems Market (2017–2023)

Market Forecast By Technologies (Electrochemical (Lithium Ion, Lead Acid and Flow Battery & Others), Mechanical (Flywheel), Thermal (Molten Salt) and Others), By Applications (Residential, Commercial & Industrial, Power Utilities and Transportation), By Regions...

Read More

Saudi Arabia Fast Food Market (2017-2023)

Market Forecast by Types (Burgers, Hamburgers & Sandwiches, Chicken, Pizza & Pasta, Asian & Latin American Fast Food, Sea Food and Others (Mediterranean, Lebanese, etc.)), Distribution Channel (Take Away Outlets, Dine-in Restaurants, Cafes & Bakeries and Others...

Read More

India Biscuits Market (2017-2023)

Market Forecast By Types (Plain Biscuits, Cookies, Sandwich Biscuits and Center-filled Biscuits), By Category (Premium Biscuits and Non-Premium Biscuits), By Distribution Channels (Grocery & Mom-and-Pop Stores, Hypermarkets & Supermarkets, Convenience Stores...

Read More

India Centrifugal Compressor Market (2017-2023)

Market Forecast By Technology (Centrifugal Gas Compressor and Centrifugal Air Compressor), By Sub-Segment (Single Stage Centrifugal Gas Compressor, Multi Stage Centrifugal Gas Compressor, Single Stage Centrifugal Air Compressor and Multi Stage Centrifugal Air Compressor)...

Read More

Indonesia Switchgear Market (2017-2023)

Market Forecast By Voltage (Low Voltage (< 1kV), Medium Voltage (1 kV – 24 kV) and High Voltage (> 24 kV)), By Insulation (Medium Voltage (AIS, GIS and Others), High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others), Medium Voltage (ISG, OSG and Others)), By Verticals (Residential, Commercial, Industrial...

Read More


Our Key Clients
6wreserach client list