Posted On: 2021-07-21
The fused deposition modelling printer acquired majority revenue and volume share in the year 2020– 6WResearch
3D Printer market is mainly import driven in Qatar and major importing partners are Italy and China. Qatar government is promoting 3D technological development in the country. Thus, there’s no value added tax imposition on import of 3D printers, only general duty is implied which would boost the adoption rate of 3D printers in the domestic market in the coming years. Printing market is promptly developing in the industries where materialistic components are involved. 3D printing services and its application in the construction/Infrastructure sector have witnessed wide adoption owing to designers need to view and visualize the object in 3D.
According to 6Wresearch, the Qatar 3D Printing Market is projected to grow at a CAGR of 19.6% during 2021-2027F. Sustainable development has been distinguished as one of the top preferences in Qatar’s National Development Strategy. There has been brisky improvement in green building sector of the country with the emergence of many high standard sustainable constructions in recent years. However, COVID-19 caused the slowdown in construction sector in 2020 but the decline has been mitigated by infrastructure related spending ahead of the FIFA World Cup 2022, continue extension of LNG capacity, and fiscal and budgetary responses.
According to Mansi Bisht, Senior Research Analyst, 6Wresearch, “On the basis of technology, Selective Laser Sintering technology is anticipated to grow fastest in the upcoming years since it is the most efficient technology and could handle thousands of high-quality prints per week on uninterrupted production.
Far from being a technology used solely for creating prototypes in healthcare, automotive, construction etc. SLS technology has become a reasonable means of creating low-volume end parts and support parts, like jigs and fixtures across the industries. Also, the Qatar government is moving towards advance projects in healthcare and infrastructure where it would require the Selective Laser Sintering technology for rapid prototyping, manufacturing parts, tooling etc. which in turn would contribute to the growth of selective laser sintering during the forecast period”. Mansi further added.
According to Kajal Saraswat, Research Associate, 6Wresearch, “By industry type, Education is the fastest-growing industries in the Qatar 3D printing materials market as major emphasis is on making engineering, medical and kindergarten learning more practical and realistic. In spite of the fact that the utilization of 3D printing in the education sector is at a developing stage, numerous institutions are starting to set up labs for 3D printing.
Further, the Qatar government has taken several measures to shield the major projects in the country and QR72.1 billion were allocated to support and provide financial and economic incentives in the budget 2021. Moreover, the reality that the number of hotels offer luxurious offices, the request for futuristic rendering and building visualization is also growing in Qatar. This continually changing location has a significant demand for hospitality facilities and its only coherent that the architecture industry will develop to oblige this request.”. Kajal concluded.
Qatar 3D Printing market (2020-2026F) report provides an in- depth analysis with 28 figures and 3 tables, covered in 64 pages. The report estimates and forecast the overall Qatar 3D printing market by technology and industries. The report provides an unbiased and detailed analysis of the upcoming 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.