“India 3D Printer Market (2015-2021)” is a report from 6Wresearch covering the 3D printer market, and it’s broken down by technology, application, end uses and region.
It’s a report that offers estimates and forecasts on technologies like Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA), Polyjet and Multi-Jet Modeling (MJM) systems, which breaks down the market into different applications such as electronics and consumer goods, automotive, medical, industrial, aerospace and military, educational and architectural in the private, commercial and industrial spheres.
The reports says the expiration of key patents, the low cost of production and advancements in material research will drive the 3D printer market in India. 6Wresearch says demand in India is primarily driven by what they call “Tier-I cities,” and those areas account for the major potential growth for domestic manufacturers, local assemblers and distributors.
Yet another market driver in the country, the “Make in Campaign” which began in 2014, is also expected to expand the future growth of the Indian market.
According to the report, the total Indian market will be some $79 million by 2021, and automotive applications will account for the majority of that revenue growth. 6Wresearch says educational and medical applications – and niche applications such as arts and crafts, interior decoration, fashion accessories, footwear designs, jewelry designs, animation and gaming, and furniture modeling – will also see significant growth.
India primarily imports 3D printers from China, the U.S. and Germany, but government initiatives aimed at boosting domestic manufacturing will result in more local device creation over the course of the forecast period.
FDM-based 3D printers dominate the Indian market, but the report points out that major challenges from CNC milling machines (which are cheaper on the whole there) have produced a reluctance among consumers to purchase 3D printers. A decline in prices is expected to result in healthy growth in the near future.
The report suggests that as established players such as Stratasys, 3D Systems and Optomec gradually expand their brand awareness and marketing efforts in India via partnerships and alliances, they should see market share growth as well. India currently sees significant sales from Sintermask (Fabbster), 3D Systems, Leapfrog and Flashforge.
According to 6Wresearch, the other major players in the Indian 3D printing market like Altem Technologies, Imaginarium, Brahma 3, KCbots, 3Ding (REDD Robotics) and JGroup Robotics will see considerable growth during the next six years.
What do you think of the numbers for the expected growth in the 3D printer market in India from 6Wresearch? High? Low? On the money? Let us know your thoughts in the 3D Printing in India forum thread on 3DPB.com.
You May Also Like
Launcher’s New Orbital Transfer Vehicle to Rideshare on SpaceX Falcon 9 in 2022
Launcher’s new orbit transfer vehicle (OTV) will debut on a SpaceX Falcon 9 rideshare for its inaugural flight to Sun-synchronous orbit (SSO) in October 2022. Known as Launcher Orbiter, the...
SpaceX Successes Drive off-Earth Innovation, So Do Its Failures
After a highly anticipated test launch, SpaceX‘s Starship SN11 prototype finally lifted off for a planned test flight. Climbing up from out of the cloud deck at the company’s South...
From Magnets to Harpoons: How to Catch Space Debris
The world’s first commercial test mission to locate and remove space debris has finally launched to space. On March 22, 2021, Astroscale’s End-of-Life Services demonstration (ELSA-d) mission took off from...
Relativity Space Preparing for Next Year’s Rocket Launch with New VP and Verified 3D Printing Tech
In the last few years, there has been excitement for the new race to the moon. But as deadlines for rocket launches and crewed missions get closer, space companies begin...
View our broad assortment of in house and third party products.