6wresearch logo
6wresearch discount on market reports

Let's 'Make in India' with 3D printing in 2016

February 01, 2016

With a growing focus on Make In India, 3D printing-the alternative to manufacturing-is likely to make a breakthrough in 2016.

3D printing has been around since the late 1980s. But go back two or three years and ask analysts and companies whether 3D printing is at its peak; their answer would have been an overwhelming and unanimous "Hell, yeah!" But companies mostly ended up making manufacturing prototypes in industries, with no real progress in enterprises. Because of this, 2015 did not turn out to be the best year for 3D printing, with high expectations once again in 2016.

When we look at the 3D printing market across the globe, India features in the top 10 countries with 7 manufacturers, according to Aniwaa 3D Printing Market Watch report. US, China, and Germany top the list with 66, 42, and 22 manufacturers, respectively.

"The adoption of 3D printing in India is still at an early stage when compared to other parts of the world; but manufacturers across verticals are seeing the benefits of 3D printing and the value it brings, particularly for advanced applications," said Rajiv Bajaj, general manager at Stratasys India, in an interview with Channel World India.

According to 6WResearch in their report "India 3D Printer Market (2015-2021)," expiration of key patents, low production cost and advancements in material research will drive the 3D printer market in India.

In addition to these, Make in India, an initiative by the Narendra Modi-led government, will also play a role in expanding the market reach of the technology, where the demand in India will mostly come from Tier-I cities.

"With growing focus on Make in India, we see a lot of Indian manufacturers placing emphasis on producing goods locally. With so much production in the pipeline, manufacturers would need a technology which is both cost and time effective," Bajaj said.

According to the 6WResearch report, the total Indian market for 3D printing will be around $79 million by 2021, of which automotive applications will account for the majority.

Currently, India primarily imports 3D printers from China, US and Germany, but various government initiatives aiming to boost domestic manufacturing will result in more local device creation over the course of the forecast period.

The report also states that fused deposition modelling (FDM)-based 3D printers dominate the Indian market, but there has been a decrease in the purchasing of 3D printers because of computer numerical control (CNC) milling machines, which are cheaper than 3D printers.

Media Source: CIO

      Browse More Report

India Edge Server Market (2018-2024)

Market Forecast By Types (Rack Server, Blade Server and Tower Server), By Topologies (Consolidated Edge Topology and Single Site Edge Topology), By Edge Services (Access Edge Service, A/V Edge Service and Web Conferencing Edge Service), By End User Verticals (BFSI, Government, Telecommunication, Commercial Offices & IT/ITes and Others...

Read More

UAE Commercial Vehicle Telematics Market (2018-2024)

Market Forecast By Vendor Types (OEM and Aftermarket), By Sectors (Construction & Infrastructure, Logistics, Government & Infrastructure, Transportation and Others), By Commercial Vehicle Types (Light Duty Commercial Vehicle...

Read More

Saudi Arabia Pillow Market (2018-2024)

Market Forecast By Types (Microfiber, Down & Feather, Foam & Memory Foam and Others), By Applications (Residential and Commercial), By Regions (Central, Western, Eastern and Southern), By Distribution Channels (Hyper Markets & Super Markets, Specialist Retailers and Others...

Read More

Middle East Fire Safety Systems and Equipment Market (2018-2024)

By Types (Fire Fighting Systems and Equipment (Fire Extinguishers (CO2, Dry Chemical, Clean Agent, Foam Fire, Wet Chemical and Water), Fire Suppression Systems (Inert Agent, Halocarbon Agent, Carbon Dioxide, Wet Chemical Fire and Dry Chemical), Fire Sprinkler Systems...

Read More

Saudi Arabia Cable Tray Market (2018-2024)

Market Forecast By Materials (Aluminum, Steel and Stainless Steel), By Types (Ladder, Solid Bottom, Trough & Perforated, Channel, Wire Mesh and Single Rail), By Applications (Power Utilities, Construction, Industrial and Others), By Regions...

Read More

UAE Augmented and Virtual Reality Market (2017-2023)

Market Forecast By Type (Head Mounted Display, Head-Up Display, Smart Glass and Mobile Devices), By Verticals (Entertainment, Commercial, Automotive and Others), By Regions (Northern Emirates and Southern Emirates) and Competitive Landscape

Read More

Europe Lithium Ion Battery Market (2018-2024)

Market Forecast By Power Capacities (5-25 Wh, 48-95 Wh, 15-99 KWh, 100-250 KWh and Above 300 KWh), By Components (Cathode, Anode, Electrolytic Solution and Others), By Materials (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate and Others...

Read More

India Air Purifier Market (2018-2024)

Market Forecast By Segments (Car and Room), By Types (Type I: HEPA + Carbon, Type II: HEPA + Carbon + Ionizer, Type III: HEPA + Carbon+ UV, Type IV: HEPA + Carbon + Electrostatic, Type V: HEPA + Carbon + Ionizer+ UV + Electrostatic and Type VI: Other Technologies...

Read More

Saudi Arabia Road Assistance and Vehicle Service Market (2018-2024)

Market Forecast By Package Type (Basic Package and Custom Package), By Regions (Central Region, Northern Region, Western Region and Southern Region) and Competitive Landscape

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events