Research and Markets Expands their India 3D Printing Market Report to Include the Materials Market
While the North American and European 3D printing markets are long established and continue to make up a significant portion of the global industry, there are new, smaller markets developing all over the world, and the race is on to see which region explodes first. China is perhaps the closest to North America and Europe in scale, but their over-reliance on traditional manufacturing has held them back from fully exploring 3D printing until recently. The Middle East is another region that has ignored most of the growing 3D printing revolution until the last few years. While both regions have finally started to invest real money into 3D printing technology, they still have a lot of work to do to catch up.
Meanwhile, over in India there has been a slowly growing 3D printing industry that has been developing relatively organically. The Indian 3D printing industry is primarily driven by the country’s younger generation who have been quick to build up alternatives to Western companies trying to expand into their market. The result is a surprisingly strong and robust 3D printing market that isn’t being artificially propped up by government support or dependent on exports for survival. In fact, the industry is independently thriving without the need for Western companies or customers to keep it going, something that simply can’t yet be said of China’s 3D printer market.
As a response to the growing Indian 3D printing industry, market research and reporting company Research and Markets is already expanding their relatively new report on the region. They will now be offering a report on 3D printing materials called “India 3D Printing Market: Material (Plastics and Photopolymers) Report,” and it looks to be a comprehensive examination of what companies are leading the local market and what materials are driving the region’s incredible growth. The complete report includes different segments of the Indian 3D printing market, including market breakdowns by 3D printing system, application, market dynamics and material and technology analysis.
If current trends in India are an indicator of how large the Indian market is going to grow then India could be the new global 3D printing hot spot. Not only is the Indian market growing at an incredible 20% annually, but it services a wide range of industries, including the local automotive industry, electronics, healthcare, aerospace and defense. While the industry is comparatively young, it seems solidly focused on developing 3D printing technology first, while 3D printing service providers don’t make up the same market share as they do in the Americas and Europe.
While new startups and younger companies make up a significant portion of the industry, India’s established technology companies have been moving quickly to position themselves against global companies who have also moved into India. Some of the larger businesses who are bringing 3D printing technology to India’s manufacturing industry include 3D Systems, Stratasys, Voxeljet AG, Ricoh India, Renishaw, EOS e-manufacturing Solutions and Schneider Prototyping GmbH. Notable startups include J Group Robotics, Global 3D Labs, Fracktal Works, Sahas Softech LLP, Imaginarium, 3Ding, KC Bots, Marco Polo Products and Shaperjet. You can read more about the new report from Research and Markets here. Discuss further over in the India 3D Printing Report over at 3DPB.com.
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