6wresearch logo

India 3D Printer Market to Reach $79 Million by 2021 :6Wresearch

May 08, 2015

Make in India campaign and the emergence of domestic players is expected to boost the 3D printer market in India to $79 million by 2021, forecasts a report by market researcher 6Wresearch.

3D printer is the next-generation printing technology in additive manufacturing. 3D printing technology is in its nascent stage in majority of the countries across the globe. However, with the expiry of the key patents, low cost of production, increasing awareness & penetration, and advancements in material research, 3D printer market is expected to witness tremendous growth in the coming years, the report said.

In India, 3D printer market is one of the emerging markets, where demand is primarily exhibited from Tier-I cities. India accounts for major potential growth for domestic manufacturers, local assemblers and distributors due to increasing use of rapid prototyping and 3D modeling across various industry sectors. Further, "Make in India Campaign" which started in 2014 is anticipated to drive the future growth of the market, the report said.

According to 6Wresearch, automotive applications will account for the majority of the revenue share. On the other hand, educational and medical applications will also witness higher growth. Other niche applications include arts and crafts, interior decoration, fashion accessories, footwear designs, jewelry designs, animation and gaming, customized footwear designs, furniture and modeling.

India primarily imports 3D printers in the country from countries such as China, U.S. and Germany. However, with government initiatives to boost domestic manufacturing, many local players are expected to emerge in the forecast period, the report said

Amongst all 3D printing technologies, Fused Deposition Modelling (FDM) technology based 3D printers dominates the overall market. Low cost and ease of availability of these printers have led to the bulk of market revenues. In the industrial application, 3D printers face a major challenge from CNC machines (used for modeling), which cost much less than 3D printers in India, thus increasing reluctance among the buyers to opt for 3D printers. However, with the expected price decline, increasing market awareness, coupled with major transformation such as easier design capabilities, compatibility for mass production and manufacturing of large format objects, India's 3D printer market is likely to witness healthy growth in the near future, the report said.

Globally established players, such as Stratasys, 3D Systems and Optomec, are gradually making their footprints in India, through partnerships and alliances with India based technology firms. Other major global players in 3D printing market include Sintermask (Fabbster), 3D Systems, Leapfrog and Flashforge.

Major players active in Indian 3D printing market (including manufacturers and distributors) include Altem Technologies, Imaginarium, Brahma 3, KCbots, 3Ding (REDD Robotics) and JGroup Robotics.

Media Source: CIO

      Browse More Report

India LED Lighting Market (2017-2023)

Market Forecast by Types (LED Lamps (Self-Ballasted, Down Lighters and Street Lights) and LED Luminaires (Indoor and Outdoor Luminaires)), By Wattage (Upto 5W, 6W-10W, 11W-15W, 16W-20W and Above 20W), Applications (Outdoor Lighting, Indoor Lighting ...

Read More

Saudi Arabia Diesel Genset Rental Market (2017-2022)

Market Forecast by KVA Rating (Below 100 KVA, 100.1 KVA- 350 KVA, 350.1 KVA-750 KVA, 750.1 KVA-1000 KVA and Above 1000 KVA), Applications (Power Utilities, Oil & Gas, Construction, Manufacturing, Quarrying and Mining and Others)

Read More

Latin America Asphalt Paver Market (2017-2022)

Market Forecast by Types (Wheeled and Tracked Asphalt Pavers), Technologies (Hydrostatic and Mechanical), Paving Width (<2.5m, 2.5-5m and >5m) and Countries (Mexico, Brazil, Argentina, Colombia, Chile and Others)

Read More

GCC Medium Voltage Switchgear Market (2017-2023)

Market Forecast by Insulation (AIS, GIS and Others), Applications (Oil & Gas, Industrial, Infrastructure & Transportation, Commercial and Power Utilities) and Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain)

Read More

GCC Air Conditioner Market (2017-2023)

Market Forecast by Air Conditioners Types (Window AC, Split AC, Ceiling Concealed/ Ducted Split, Packaged AC, Suspended AC, Floor Standing AC, Cassette AC and Centralized AC (Chiller, VRF, Condensing Unit and AHU/FCU)), Applications

Read More

Japan Video Surveillance Systems Market (2017-2023)

Market Forecast by Types (Analog, IP and Video Surveillance Software), Verticals (Banking & Financial Institutions, Government & Transportation, Retail, Commercial Offices, Industrial & Manufacturing, Residential, Hospitality & Healthcare and Educational Institutions)

Read More

India Power & Distribution Transformer Market (2017-2022)

Market Forecast by Types (Power Transformer and Distribution Transformer), Power Rating (Power Transformer (5.1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA and Above 350 MVA) and Distribution Transformer (Up to 100 kVA, 100.1 – 315 kVA and 315.1 – 5 MVA)

Read More

India Output Management Software Market for SME Segment (2016-2022)

Market Forecast by Segments (On-Premise Output Management Software and Cloud Output Management Software), Regions (Northern, Southern, Eastern and Western) and Competitive Landscape)

Read More


Our Key Clients
6wreserach client list