India 3D Printer Market By Type (Personal Printer, Industrial Printer), By End Use Industry (Automobile, Consumer Electronics/Electronics, Medical, Aerospace, Defence, Education, Others {Robotics, Manufacturing, Entertainment, fashion Industry}), By Process(Powder Bed Fusion, Vat Polymerization/ Liquid Based, Material Extrusion, Binder Jetting, Material Jetting, Others{Direct Energy Decomposition, Sheet Lamination}), By Region, Competition, Forecast & Opportunities, 2018-2028

  • Industry : ICT
  • Pages : 70
  • Published Date : July, 2022
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Summary

Report Description

India 3D printer market stood at USD92.34 million in 2022 and is forecast to grow at a CAGR of 20.33% by 2028. Increasing company inclination toward 3D printing would further support the industry growth. Companies such as Tata Motors and Maruti Suzuki use additive manufacturing technology for prototype testing and R&D. Also, the local players in the industry are launching new products to boost the market growth.

3D printers are used to print an object as 3-Dimensional CAD (Computer-Aided Design) images. It is also called additive manufacturing. 3D printing is an innovative technology that helps businesses lower costs and introduce new production methods. 3D printers are used as a rapid prototyping solution to make one or two quick physical samples, giving the designers a chance to correct the flaws and modify the product. 3D printers use additive manufacturing or direct digital manufacturing technology to produce a product prototype, and it uses CAD software like PTC Creo to create a digital blueprint first.

3D printers today can print almost anything, from metal to food. As 3D printing is single-step manufacturing thus, it saves time in using different manufacturing machines. Moreover, it reduces the cost involved in materials as it only uses the required material with no waste.

Increasing Demand for Medical Equipment Drives the Market

Growing incidences of lifestyle diseases demand affordable healthcare delivery systems coupled with the surging population in India, resulting in the demand for healthcare facilities. Furthermore, rising IT investment in the country is likely to aid the expansion of the 3D printing industry. The healthcare device manufacturing facilities in the country are doing tie-ups with 3D printing technology providers to procure operational efficiency, cost reduction, and a smooth supply chain process. For instance, in 2020, Mumbai-based zero technologies, manufactured 45,000 3D-printed face shields amid the COVID-19 pandemic. Anatomiz3D Medtech Private Limited developed cost-effective 3D printed face shield masks for the coronavirus warriors. Furthermore, the 3D printing solution necessitates healthcare for bio-printing tissue or organs, surgical tool manufacturing, etc. Moreover, the anatomical model for surgical preparation is a major application of additive manufacturing. For instance, Anatomiz3 DLLP, a provider of technological solutions to the healthcare industry, prepared a 3D model from a CT scan to prepare in advance for the surgery in 2018. In India, almost 80% of the medical equipment is being imported. However, the country's COVID-19 problem has led to a significant increase in demand for medical equipment, providing an opportunity for medical equipment makers. Thus, 3D printing technology is being used by equipment manufacturers to improve operating efficiency and drives the market of India 3D printing.

Increasing Usage of 3D Printing in Research & Development

Research and development are essential departments of every industry. New technologies are being used to research, test, and develop several products. 3D printing has become one of the viable options for research & development departments over the past few years. It provides quick access to numerous designs without any additional cost. In 2022, the applications of 3D printing will increase in the R&D departments across India. Thus, the increasing use of 3D printing is helping engineers to build prototypes and make changes based on design testing to get more insights into product testing before finalizing production plans. Additionally, as the R&D becomes affordable, several new products are being introduced.

Growing Demand of 3D Printing in Automobile Industry

The automobile industry was among the first industries in India to embrace 3D printing. Although India became a manufacturing hub for automakers worldwide, it was one of the industries that adopted 3D printing in India. Presently, Indian automakers use 3D printing for quick in-house spare - parts design and development, as well as the adoption of innovative constituents. 3D printing is a complementary technology to emerging manufacturing technologies that is rapidly expanding its presence in a wide range of applications worldwide. 3d printing allows for the creation of simple and complicated things in various sizes ranging from small to large. The automobile vertical is the 3D printing market's fastest-growing vertical. The automotive sector has also moved away from using 3D printing for development and testing to manufacturing final components and products. The market is increasing demand for newer, effective vehicles and the need to optimize production, supply chains, and logistics.


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Market Segmentation

India 3D printer market can be segmented into type, end use industry, process, region. Based on type, the market is segmented into personal printer and industrial printer. Based on end use industry, the market is segmented into automobile, consumer electronics/electronics, medical, aerospace, defence, education, others (robotics, manufacturing, entertainment, fashion industry). Based on process, the market is segmented into powder bed fusion, vat polymerization/ liquid based, material extrusion, binder jetting, material jetting, others (direct energy decomposition, sheet lamination).

Company Profiles

Altem technologies Pvt ltd., J Group Robotics, Imaginarium India Pvt ltd, KC Bots, Think3d, Stratasys India, Divide By Zero, Novabeans Prototyping Labs LLP are among the major market players in India that lead the market growth of the India 3D Printer market.

Attribute

Details

Market Size Value in 2022

USD92.34 million

Revenue Forecast in 2028

USD275.68 million

Growth Rate

20.33%

Base Year

2022

Historical Years

2018– 2021

Estimated Year

 2023

Forecast Period

 2024- 2028

Quantitative Units

Revenue in (USD million), Volume (Thousand Units) and CAGR for 2018- 2022 and 2023- 2028

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         End Use Industry

·         Process

·         Region

Regional Scope

South, North, West, East

Key Companies Profiled

Altem technologies Pvt ltd., J Group Robotics, Imaginarium India Pvt ltd, KC Bots, Think3d, Stratasys India, Divide By Zero Technologies, Novabeans Prototyping Labs LLP

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, India 3D printer market has been segmented into the following categories in addition to the industry trends which have also been listed below:

  • India 3D Printer Market, By Type:
    • Personal Printer
    • Industrial Printer
  • India 3D Printer Market, By End Use Industry:
    • Automobile
    • Consumer Electronics/Electronics
    • Medical
    • Aerospace
    • Defense
    • Education
    • Others (Robotics, Manufacturing, Entertainment, Fashion Industry)
  • India 3D Printer Market, By Process:
    • Powder Bed Fusion
    • Vat Polymerization/ Liquid Based
    • Material Extrusion
    • Binder Jetting
    • Material Jetting
    • Others (Direct Energy Decomposition, Sheet Lamination)
  • India 3D Printer Market, By Region:
    • South
    • North
    • West
    • East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India 3D printer market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on India 3D Printer Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Satisfaction Level

5.4.  Key Challenges Faced

6.    India 3D Printer Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Type (Personal Printer, Industrial Printer)

6.2.2.    By End Use Industry (Automobile, Consumer Electronics/Electronics, Medical, Aerospace, Defence, Education, Others (Robotics, Manufacturing, Entertainment, Fashion Industry))

6.2.3.    By Process (Powder Bed Fusion, Vat Polymerization/ Liquid Based, Material Extrusion, Binder Jetting, Material Jetting, Others (Direct Energy Decomposition, Sheet Lamination))

6.2.4.    By Region (South, North, West & East)

6.2.5.    By Company (2022)

6.3.  Market Map (Type, End User, Process, Region)

7.    South India 3D Printer Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By End-User Industry

7.2.3.    By Process

8.    North India 3D Printer Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By End-User Industry

8.2.3.    By Process

9.    West India 3D Printer Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By End-User Industry

9.2.3.    By Process

10. East India 3D Printer Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By End-User Industry

10.2.3. By Process

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Policy and Regulatory Landscapes

14. Competitive Landscape

14.1.             Altem technologies Pvt ltd.

14.2.             J Group Robotics

14.3.             Imaginarium India Pvt ltd

14.4.             KC Bots

14.5.             Think3d

14.6.             Stratasys India

14.7.             Divide By Zero Technologies

14.8.             Novabeans Prototyping Labs LLP

15. Strategic Recommendations

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023.

Figures and Tables

Figure 1. India 3D Printer Market Size, By Value (USD Million), 2018- 2028F
Figure 2. India 3D Printer Market Size, By Volume (Thousand Units), 2018- 2028F
Figure 3. India 3D Printer Market Share, By Type, By Value, 2018- 2028F
Figure 4. India 3D Printer Market Share, By End Use Industry, By Value, 2018- 2028F
Figure 5. India 3D Printer Market Share, By Process, By Value, 2018- 2028F
Figure 6. India 3D Printer Market Share, By Region, By Value, 2018- 2028F
Figure 7. India 3D Printer Market Share, By Company, By Value, 2022
Figure 8. India 3D Printer Market Map, By Type, By Value (USD Million), Market Size (Thousand Units) & Growth Rate (%), 2022
Figure 9. India 3D Printer Market Map, By End Use Industry, By Value (USD Million), Market Size (Thousand Units) & Growth Rate (%), 2022
Figure 10. India 3D Printer Market Map, By Process, By Value (USD Million), Market Size (Thousand Units) & Growth Rate (%), 2022
Figure 11. India 3D Printer Market Map, By Region, By Value (USD Million), Market Size (Thousand Units) & Growth Rate (%), 2022
Figure 12. South India 3D Printer Market Size, By Value (USD Million), 2018- 2028F
Figure 13. South India 3D Printer Market Size, By Volume (Thousand Units), 2018- 2028F
Figure 14. South India 3D Printer Market Share, By Type, By Value, 2018- 2028F
Figure 15. South India 3D Printer Market Share, By End Use Industry, By Value, 2018- 2028F
Figure 16. South India 3D Printer Market Share, By Process, By Value, 2018- 2028F
Figure 17. North India 3D Printer Market Size, By Value (USD Million), 2018- 2028F
Figure 18. North India 3D Printer Market Size, By Volume (Thousand Units), 2018- 2028F
Figure 19. North India 3D Printer Market Share, By Type, By Value, 2018- 2028F
Figure 20. North India 3D Printer Market Share, By End Use Industry, By Value, 2018- 2028F
Figure 21. North India 3D Printer Market Share, By Process, By Value, 2018- 2028F
Figure 22. West India 3D Printer Market Size, By Value (USD Million), 2018- 2028F
Figure 23. West India 3D Printer Market Size, By Volume (Thousand Units), 2018- 2028F
Figure 24. West India 3D Printer Market Share, By Type, By Value, 2018- 2028F
Figure 25. West India 3D Printer Market Share, By End Use Industry, By Value, 2018- 2028F
Figure 26. West India 3D Printer Market Share, By Process, By Value, 2018- 2028F
Figure 27. East India 3D Printer Market Size, By Value (USD Million), 2018- 2028F
Figure 28. East India 3D Printer Market Size, By Volume (Thousand Units), 2018- 2028F
Figure 29. East India 3D Printer Market Share, By Type, By Value, 2018- 2028F
Figure 30. East India 3D Printer Market Share, By End Use Industry, By Value, 2018- 2028F
Figure 31. East India 3D Printer Market Share, By Process, By Value, 2018- 2028F

Frequently asked questions

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The market size of the India 3D printer market is estimated to be USD92.34 million in 2022 and USD109.27 million in 2023 due to ease in development of customized products, reduction in manufacturing cost and process downtime, government investments in 3D printing projects, and development of new industrial-grade 3D printing materials.

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Industrial printer was the dominant component in the India 3D printer market, accounting for a share of 70.51% 2022 due to the multiple advantages of 3D printers over traditional manufacturing processes as it offers a range of advantages, such as design flexibility, rapid prototyping, print-on-demand, minimal wastage, fast designing and production, ease of access, and time and cost efficiency, amongst others.

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North is the fastest growing region in the India 3D Printer Market with a CAGR of 21.04% due to the growing presence of additive manufacturing companies, service bureaus, and engineering firms.

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The automobile segment is accounted for the highest market share because of the growing need or producing fuel-efficient cars, light-weighted components, easy customization, on-site manufacturing, and logistics support.

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Sakshi Bajaal

Business Consultant
Press Release

India 3D Printer Market to Grow with a CAGR of 20.33% through 2028

Jul, 2022

Growing government initiatives to boost the domestic manufacturing sector is driving the growth of India 3D printer market in the forecast period, 2023- 2028.

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