India 3D Printer Market (2023-2029) | Revenue, Companies, Share, Industry, Size, Trends, Value, Forecast, COVID-19 IMPACT, Analysis, Growth & Outlook

Topics Covered in India 3D Printer Market Report

India 3D Printer Market report thoroughly covers the market type and end-use industry. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India 3D Printer Market Synopsis

India 3D Printer Market has been accomplishing growth and it is predicted to attain more success during the forecast period. There are numerous factors supporting the market progression and these factors include growth in demand for custom-designed products across many industries, the country’s push towards digitalization and innovation, and the decrease in the cost of 3D printers. The market has been propelling significantly in the country.

According to 6Wresearch, the India 3D Printer Market size is estimated to grow at a tremendous growth rate during 2023–2029. There is no wonder that 3D printing not just in India but across the world revolutionized many industries. India is effectively embracing 3D printing with its rising manufacturing sector and booming economy. The market in the country is experiencing crucial growth and a number of factors have a key role to play in the success of this market. One of the key factors encouraging the market progression is the rising demand for custom-designed products in a number of sectors. Companies are identifying the value of personalized solutions that can be generated via 3D printing technology.  The country is pushing towards digitalization and innovation is significantly supporting the India 3D Printer Market Growth. “Make in India”, is the initiative taken by the nation’s government that aims in inspiring domestic manufacturing as well as research and development activities, and this in return is producing a favorable environment for the increase of the 3D printer market.

Growing environmental concerns in the country have also contributed to stimulating the adoption of 3D printers in India. Apart from these growth drivers, the market is facing certain challenges that are hampering its growth. The high cost associated with 3D printers and the material used for them is the one major challenge of the market. The lack of skilled professionals in this space is also hampering the progression of the sector. In the market, there is a shortage of professionals that are trained and it can become the reason for the market failure. The players operating in the market have been working in order to come out of these challenges. The 3D Printer Market in India will come out as one of the most crucial markets in the country in the years to come since it has the potential to overcome these challenges.

COVID-19 Impacts on in India 3D Printer Market

The coronavirus pandemic had a mixed impact on the market for 3D printing in India as it presented both challenges as well as opportunities. The 3D printing industry experienced disruptions in supply chains owing to the restrictions on movements and trade and this resulted in delays in delivery of components and raw materials required for manufacturing. However, apart from these challenges, the outbreak of the pandemic also provided an opportunity for growth in some areas. There was a rise in demand for medical equipment like ventilators and personal protective equipment (PPE) and due to this, there was a surge in demand for 3D printers during the pandemic. A number of companies in the country rapidly shifted their focus towards developing critical medical supplies using 3D printers.

India 3D Printer Industry: Major Companies

A number of companies have been operating in this market but the market is only dominated by a few players. One key player in the market is Stratasys Ltd., this player is well-known for a wide range of industrial-grade 3D printers and cutting-edge technology. With a strong presence in the country, they offer many solutions across many industries like aerospace, education, healthcare, automotive, and more. HP Inc. is another vital player in the market. This player has made significant strides in the 3D printing domain by introducing advanced technologies. Wipro 3D is also a prominent player in this space. It is an Indian company and it is specialized in metal additive manufacturing solutions. Wipro focuses more on developing complex designs using metals such as aluminum, titanium, stainless steel, alloys, etc.

India 3D Printer Market Growth

The India 3D Printer Market is rising at a healthy rate and it is likely to obtain significant growth in the near future. The growth of the market is attributed to the rising adoption of 3D printing technology across many industrial sectors like healthcare and biomedical applications, consumer goods production, automotive and aerospace manufacturing, apparel and fashion accessories industry. In addition, the initiatives taken by the Indian government for promoting advanced technologies like 3D printing are anticipated to expand the prospects for this industry in the nation in the years to come. 3D printing offers cost as well as time-efficient solutions, especially in low-volume and prototyping production and this has led to a rise in adoption of 3D printing in a number of sectors. More businesses as well as individuals are discovering the potential of 3D printers since awareness about 3D printing is growing. Consumers in the country look for personalized products, that can be effectively attained via 3D printing. The growing demand for customization has stimulated the growth of 3D printers in the consumer goods industry. The healthcare sector has seen major progression in 3D printing applications. 3D printing in the country has revolutionized patient care from medical implants to customer surgical tools as well as anatomical models.

Market by Type

According to Dhaval, Research Manager, 6Wresearch, industrial printers dominated the market owing to the ease of development of customized products, and the decrease in process downtime and manufacturing cost. The same segment will continue to dominate this market in the years to come.

Market by End-Use Industry

On the basis of end-use, the market is classified into Automobile, Consumer Electronics, Medical, Aerospace, Defense, Education, and Others. The automobile segment dominated the sector and it will continue to retain its dominance in the future owing to the easy customization, light-weighted components, and logistics support.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India 3D Printer Market Overview
• India 3D Printer Market Outlook
• India 3D Printer Market Forecast
• Historical Data and Forecast India 3D Printer Market Revenues and Volume for the Period 2019-2029F
• Historical Data and Forecast of India 3D Printer Market Revenues and Volume, By Type, for the Period 2019-2029F
• Historical Data and Forecast of India 3D Printer Market Revenues and Volume, By End Use Industry, for the Period 2019-2029F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• India 3D Printer Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Personal Printer
• Industrial Printer

By End Use Industry

• Automobile
• Consumer Electronics
• Medical
• Aerospace
• Defense
• Education
• Others (Direct Energy Decomposition, Sheet Lamination)

India 3D Printer Market: FAQs