6wresearch logo

India 3D Printer Market to Reach $79 Million by 2021 :6Wresearch

May 08, 2015

Make in India campaign and the emergence of domestic players is expected to boost the 3D printer market in India to $79 million by 2021, forecasts a report by market researcher 6Wresearch.

3D printer is the next-generation printing technology in additive manufacturing. 3D printing technology is in its nascent stage in majority of the countries across the globe. However, with the expiry of the key patents, low cost of production, increasing awareness & penetration, and advancements in material research, 3D printer market is expected to witness tremendous growth in the coming years, the report said.

In India, 3D printer market is one of the emerging markets, where demand is primarily exhibited from Tier-I cities. India accounts for major potential growth for domestic manufacturers, local assemblers and distributors due to increasing use of rapid prototyping and 3D modeling across various industry sectors. Further, "Make in India Campaign" which started in 2014 is anticipated to drive the future growth of the market, the report said.

According to 6Wresearch, automotive applications will account for the majority of the revenue share. On the other hand, educational and medical applications will also witness higher growth. Other niche applications include arts and crafts, interior decoration, fashion accessories, footwear designs, jewelry designs, animation and gaming, customized footwear designs, furniture and modeling.

India primarily imports 3D printers in the country from countries such as China, U.S. and Germany. However, with government initiatives to boost domestic manufacturing, many local players are expected to emerge in the forecast period, the report said

Amongst all 3D printing technologies, Fused Deposition Modelling (FDM) technology based 3D printers dominates the overall market. Low cost and ease of availability of these printers have led to the bulk of market revenues. In the industrial application, 3D printers face a major challenge from CNC machines (used for modeling), which cost much less than 3D printers in India, thus increasing reluctance among the buyers to opt for 3D printers. However, with the expected price decline, increasing market awareness, coupled with major transformation such as easier design capabilities, compatibility for mass production and manufacturing of large format objects, India's 3D printer market is likely to witness healthy growth in the near future, the report said.

Globally established players, such as Stratasys, 3D Systems and Optomec, are gradually making their footprints in India, through partnerships and alliances with India based technology firms. Other major global players in 3D printing market include Sintermask (Fabbster), 3D Systems, Leapfrog and Flashforge.

Major players active in Indian 3D printing market (including manufacturers and distributors) include Altem Technologies, Imaginarium, Brahma 3, KCbots, 3Ding (REDD Robotics) and JGroup Robotics.

Media Source: CIO

      Browse More Report

India Switchgear Market (2017-2022)

By Voltage (Low Voltage Switchgear (<1.1KV) (MCB, MCCB, C&R, ACB, DB, RCD, COS and Others), Medium Voltage Switchgear (3 KV – 36 KV) (Indoor Switchgear (ISG), Outdoor Switchgear (OSG), Ring Main Unit (RMU) and Compact Secondary Switchgear (CSS)

Read More

India A3/A4 Printer Market, CY H1 2016

According to 6Wresearch, India A3/A4 printer market reached over 1.4 million units in CY H1 2016. In terms of unit shipments, Hewlett Packard led the market followed by Canon and Epson.

Read More

India Pico Projector Market, CY H1 2016

According to 6wresearch, India Pico projector market (brightness up to 500 Lumens) recorded a considerable decline of more than 50% in CY H1 2016 as compared to the same period previous year.

Read More

India Projector Market, CY H1 2016

According to 6wresearch, India Projector (above 500 Lumens) market registered 0.13 million units in CY H1 2016, registering a considerable growth of around 38% compared to the same period

Read More

Saudi Arabia Package Substation Market (2016-2022)

Market Forecast by Types (Less than 36KV and 36KV to 150KV), Verticals (Industrial, Public Infrastructure, Residential, Power Utilities and Others), Regions (Central, Western, Eastern and Southern) and Competitive Landscape

Read More

India Cheque Scanner Market (2017-2022)

Market Forecast By Types (Single Feed and Multi Feed), Applications (Desktop and Kiosks), Regions (North, South, East and Western), Specifications and Competitive Landscape

Read More

GCC Solar Equipment Market (2016-2022)

Market Forecast by Types (Solar Photovoltaics (PV Modules, Mounting Structures, Inverters and Others) and Concentrated Solar Power Power (Solar Collectors and Towers, Thermal Energy Storage, Receiver and Others)), Countries (Saudi Arabia, UAE, Kuwait, Qatar, Oman and Bahrain) and Competitive Landscape

Read More

India Solar Water Pumping System Market (2017-2022)

Market Forecast by Power Rating (Up to 3HP, 3.1 to 10HP and Above 10HP), Design Type (Surface and Submersible), Drive Type (AC Motor and DC Motor), Applications (Lift Irrigation and Others), Regions (North, South, East and West) and Competitive Landscape

Read More


Our Key Clients
6wreserach client list