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

Qatar Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast by Types (Fire Suppression Systems & Equipment, Fire Detection System & Equipment & Other Fire Safety Systems & Equipment)...

Read More

Global E-House Market (2017-2023)

Market Forecast by Voltage Type (Low Voltage and Medium Voltage), Applications (Oil & Gas, Industrial, Infrastructure & Transportation, Power Utilities, Mining and Others, Regions (North America (US, Canada and Mexico), Europe ...

Read More

Africa Diesel Genset Market (2017-2023)

Market Forecast by KVA Ratings (5-75 KVA, 75.1-375 KVA, 375.1-750 KVA, 750.1-1000 KVA and Above 1000 KVA), Verticals (Retail and Logistics, Oil & Gas and Power Utility, Commercial Offices (Hospitality, BFSI, IT & ITES), Manufacturing, Rental, Residential and Others

Read More

India Point of Sale (POS) Terminal Market (2017-2023)

Market Forecast by Types (Portable, Countertop, mPOS, PIN Pad and Multimedia), End Users (Healthcare & Hospitality, Retail & e-Commerce, Government & Transportation and Others), Regions (Norther, Southern, Eastern and Western) and Competitive Landscape

Read More

Australia & New Zealand Elevator & Escalator Market (2017-2023)

Market Forecast by Segments (Elevator (Passenger, Home and Cargo Elevator) and Escalator (Moving Stairs and Moving Walkways)), Services (New Installation, Maintenance and Modernization), Verticals (Residential, Commercial and Industrial)

Read More

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


Our Key Clients
6wreserach client list