INDIA 3D PRINTING MARKET: Material (Plastics and Photopolymers)
3D printing technology has made substantial advancements in developed countries like the U.S, Europe and now thriving in India. The market in India is growing at a rate of 20%. Automotive and electronics holds the highest share in Indian 3D printing market, while healthcare, aerospace and defense sectors are witnessing higher growth too. This technology allows designing without constraints, thus, enabling further creativity and innovation. Compared to the global 3D printing market, Indian market is relatively young; however, the growth has been quite encouraging especially due to the rise of new start-ups and global company operations in India.
The report is a compilation of different segments of Indian 3D printing market including market breakdown by systems, applications, and includes material and technology analysis, and market dynamics.
While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of the application areas of the Indian 3D printing market and solutions. It also details the key participants involved in the industry. The report answers the following questions about the 3D printing market in India:
- What are the new start-ups that are competing with the established companies in the Indian 3D printing market?
- How are the new start-ups affecting the Indian 3D printing market?
- Which are the globally established players in 3D printing operating in India?
- What are the different applications of 3D printing in Indian market?
- What are the different segmentations of Indian 3D printing Industry?
- Who are the different printer manufacturers, material and service providers in India?
- What are the different key drivers for future growth of Indian 3D printing market?
- What are the factors challenging the growth of Indian 3D printing market?
- Who are the different participants in the Indian 3D printing market?
- What kind of new strategies are being adopted by existing market players to make a mark in the industry?
The most often used strategy for developing a better hold on to the market has been through product launches, followed by mergers & acquisitions. Moreover, the company profile section includes highlights of significant information about the key companies involved along with their financial positions key strategies, & developmental activities of recent years. Globally established players which are operating their services in India are: 3D systems, Stratasys, Voxeljet AG, Ricoh India, Renishaw, EOS e-manufacturing solutions, Schneider prototyping GmbH among others. Some of the key players-start-ups involved in this market are J Group Robotics, Global 3D Labs, Fracktal Works, Sahas Softech llp, Imaginarium , 3Ding,KC Bots ,Marco Polo Products Pvt. Ltd among others.
Though the industry in India is segmented on the basis of printer manufacturers, material and service providers, it is believed that the share of printer manufacturers and the re-sellers of the printers in the market is more as compared to service providers and material providers.Executive Summary
3D Printing technology in India is revolutionizing the conventional manufacturing industry, owing to its huge advantages. The technology allows printing with suitable range of materials in lesser time. The conventional methods which are used to develop models, prototypes or direct parts usually are costlier and time consuming. Heavily weighted components which are usually manufactured by conventional methods can now be 3D printed with lighter materials. The Indian market is at a nascent stage and is gradually paving its way towards continuous growth. Even though the printer costs are relatively high, the advancement in new technologies, readily available materials, rise of new-start ups and governmental support are some of the driving factors towards market growth.
The Indian 3D printing industry has been tracked along the lines of the type of systems, materials, application areas, and technologies. The industry is analyzed based on printer manufacturers, material providers, end-use product providers and other service providers, which include software providers, 3D scanners, virtual product designs, quick mould solutions, and embedded service providers, among others. The different technologies, which are used to 3D print the products in plastics and photopolymers, are also identified such as: steriolithography, fused deposition modeling, selective laser sintering, color jet printing, vacuum casting, polyjet 3D printing technology, multijet technology, binder jetting, and plastic jet printing among others. In India, fused deposition modeling printers are mostly preferred to 3D print objects and prototypes as they are relatively cheaper and are easy to use.
The major 3D printing applications in India are also analyzed in the report, which include Automotive and Electronics, Aerospace and Defense, Healthcare, Fashion, Art, Aesthetics, and Others, which include engineering, lifestyle, food, and architecture among others. The Electronics & Automobile industry in India contributes significantly to the overall GDP of the nation. Therefore, the use of 3D printing technology in this market segment has a higher share as compared to the other industry verticals. The Healthcare and Aerospace & Defense sectors are also growing rapidly.
The report analyzes some of the globally established players, which are operating their services in India, such as: 3D Systems, Stratasys, Voxeljet AG, Ricoh India, Renishaw, EOS e-manufacturing solutions, Schneider Prototyping GmbH among others. Some of the key start-ups involved in the Indian market are J Group Robotics, Global 3D labs, Fracktal works, Sahas Softech LLP, Imaginarium, 3Ding, KC Bots, and Marco Polo Products Pvt. Ltd., among others. The start-ups in this industry segment are growing stronger day by day and competing against the well established companies.