Market Forecast By Offering (Service, Printer, Material, Software), By Technology (Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Polyjet/Multijet Printing (MJP), Electron Beam Melting (EBM), Digital Light Processing (DLP), Other Technologies), By Process (Powder Bed Fusion, VAT Photopolymerization, Material Extrusion, Material Jetting, Binder Jetting, Other Processes), By Application (Prototyping, Tooling, Functional Part Manufacturing), By Vertical (Industrial, Aerospace & Defense, Automotive, Healthcare, Architecture & Construction, Consumer Products, Education) And Competitive Landscape
Product Code: ETC4447525 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
India 3D Printing market currently, in 2023, has witnessed an HHI of 2476, Which has increased slightly as compared to the HHI of 1572 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The India 3D Printing market has experienced significant growth, driven by its applications in manufacturing, healthcare, aerospace, and education. 3D printing, also known as additive manufacturing, allows for the creation of complex and customized objects with precision. In the manufacturing sector, it has transformed prototyping and small-batch production. Healthcare applications include the production of customized medical implants and prosthetics. The aerospace industry uses 3D printing for lightweight and durable components. Education has also seen increased adoption, as 3D printing enhances hands-on learning. As India advances in technology and innovation, the 3D printing market is expected to expand further, influencing various industries.
The India 3D printing market has seen a surge in interest and growth due to several key drivers. One of the main factors fueling this market is the increasing adoption of additive manufacturing technologies across various industries. From automotive and aerospace to healthcare and consumer goods, 3D printing has found applications in prototyping, customization, and even production. The India government`s initiatives to promote manufacturing under the "Make in India" campaign and the focus on local production have also bolstered the 3D printing industry. Additionally, the COVID-19 pandemic highlighted the flexibility of 3D printing, as it played a crucial role in manufacturing personal protective equipment and medical components. As more businesses recognize the benefits of 3D printing for cost-effective and customized manufacturing, the market is poised for sustained growth.
Challenges include the cost of 3D printers and materials, which can be prohibitive for small and medium-sized businesses. Additionally, concerns about intellectual property and quality control in 3D printing may need to be addressed.
The 3D printing market in India had a varied impact. While certain segments like healthcare saw increased demand for producing medical equipment, others, like automotive and aerospace, slowed down. The pandemic has accelerated the adoption of 3D printing technology in the country.
Prominent players in the India 3D printing market are Stratasys Ltd., 3D Systems Corporation, EOS GmbH, HP Inc., and Markforged Inc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India 3D Printing Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India 3D Printing Market Revenues & Volume, 2023 & 2028F |
3.3 India 3D Printing Market - Industry Life Cycle |
3.4 India 3D Printing Market - Porter's Five Forces |
3.5 India 3D Printing Market Revenues & Volume Share, By Offering , 2023 & 2028F |
3.6 India 3D Printing Market Revenues & Volume Share, By Technology, 2023 & 2028F |
3.7 India 3D Printing Market Revenues & Volume Share, By Process, 2023 & 2028F |
3.8 India 3D Printing Market Revenues & Volume Share, By Application, 2023 & 2028F |
3.9 India 3D Printing Market Revenues & Volume Share, By Vertical, 2023 & 2028F |
4 India 3D Printing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India 3D Printing Market Trends |
6 India 3D Printing Market, By Types |
6.1 India 3D Printing Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 India 3D Printing Market Revenues & Volume, By Offering , 2020 - 2028F |
6.1.3 India 3D Printing Market Revenues & Volume, By Service, 2020 - 2028F |
6.1.4 India 3D Printing Market Revenues & Volume, By Printer, 2020 - 2028F |
6.1.5 India 3D Printing Market Revenues & Volume, By Material, 2020 - 2028F |
6.1.6 India 3D Printing Market Revenues & Volume, By Software, 2020 - 2028F |
6.2 India 3D Printing Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India 3D Printing Market Revenues & Volume, By Stereolithography (SLA), 2020 - 2028F |
6.2.3 India 3D Printing Market Revenues & Volume, By Fused Deposition Modeling (FDM), 2020 - 2028F |
6.2.4 India 3D Printing Market Revenues & Volume, By Selective Laser Sintering (SLS), 2020 - 2028F |
6.2.5 India 3D Printing Market Revenues & Volume, By Direct Metal Laser Sintering (DMLS), 2020 - 2028F |
6.2.6 India 3D Printing Market Revenues & Volume, By Polyjet/Multijet Printing (MJP), 2020 - 2028F |
6.2.7 India 3D Printing Market Revenues & Volume, By Electron Beam Melting (EBM), 2020 - 2028F |
6.2.8 India 3D Printing Market Revenues & Volume, By Other Technologies, 2020 - 2028F |
6.2.9 India 3D Printing Market Revenues & Volume, By Other Technologies, 2020 - 2028F |
6.3 India 3D Printing Market, By Process |
6.3.1 Overview and Analysis |
6.3.2 India 3D Printing Market Revenues & Volume, By Powder Bed Fusion, 2020 - 2028F |
6.3.3 India 3D Printing Market Revenues & Volume, By VAT Photopolymerization, 2020 - 2028F |
6.3.4 India 3D Printing Market Revenues & Volume, By Material Extrusion, 2020 - 2028F |
6.3.5 India 3D Printing Market Revenues & Volume, By Material Jetting, 2020 - 2028F |
6.3.6 India 3D Printing Market Revenues & Volume, By Binder Jetting, 2020 - 2028F |
6.3.7 India 3D Printing Market Revenues & Volume, By Other Processes, 2020 - 2028F |
6.4 India 3D Printing Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India 3D Printing Market Revenues & Volume, By Prototyping, 2020 - 2028F |
6.4.3 India 3D Printing Market Revenues & Volume, By Tooling, 2020 - 2028F |
6.4.4 India 3D Printing Market Revenues & Volume, By Functional Part Manufacturing, 2020 - 2028F |
6.5 India 3D Printing Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 India 3D Printing Market Revenues & Volume, By Industrial, 2020 - 2028F |
6.5.3 India 3D Printing Market Revenues & Volume, By Aerospace & Defense, 2020 - 2028F |
6.5.4 India 3D Printing Market Revenues & Volume, By Automotive, 2020 - 2028F |
6.5.5 India 3D Printing Market Revenues & Volume, By Healthcare, 2020 - 2028F |
6.5.6 India 3D Printing Market Revenues & Volume, By Architecture & Construction, 2020 - 2028F |
6.5.7 India 3D Printing Market Revenues & Volume, By Consumer Products, 2020 - 2028F |
7 India 3D Printing Market Import-Export Trade Statistics |
7.1 India 3D Printing Market Export to Major Countries |
7.2 India 3D Printing Market Imports from Major Countries |
8 India 3D Printing Market Key Performance Indicators |
9 India 3D Printing Market - Opportunity Assessment |
9.1 India 3D Printing Market Opportunity Assessment, By Offering , 2023 & 2028F |
9.2 India 3D Printing Market Opportunity Assessment, By Technology, 2023 & 2028F |
9.3 India 3D Printing Market Opportunity Assessment, By Process, 2023 & 2028F |
9.4 India 3D Printing Market Opportunity Assessment, By Application, 2023 & 2028F |
9.5 India 3D Printing Market Opportunity Assessment, By Vertical, 2023 & 2028F |
10 India 3D Printing Market - Competitive Landscape |
10.1 India 3D Printing Market Revenue Share, By Companies, 2023 |
10.2 India 3D Printing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |