Asia-pacific 3d Printing Market Forecast 2017-2025
KEY FINDINGS The Asia-Pacific 3D printing market was estimated to be at $1941 million in 2016. This value is anticipated to reach $16377 million by the end of 2025, owing to a CAGR rise of 26.83% over the forecast period 2017-2025.
MARKET INSIGHTS Countries like China, South Korea, and Japan nearly make up 27% of the Asian market. The market is driven by factors like supportive government policies, growing industrial base, and large funding for research and development. Japan is expected to dominate the Asian market through its Technology Research Association for Future Additive Manufacturing (TRAFAM) programme. The Indian market is fast developing due to the emergence of local 3D printing manufacturers and resellers for do-it-yourself (DIY) kits
COMPETITIVE INSIGHTS Concept Laser GmbH, Koninklijke DSM N.V, Arcam Group, Proto Labs Inc, Stratasys Ltd, Materialise NV, Optomec Inc and 3D Systems Corporation are presently dominating the market.