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Although Europe and North America have dominated the 3D printing industry in recent years, with the continuous proliferation of 3D printing technology, other parts of the world are starting to catch up. For example, in China, with the continuous improvement of technology, local 3D printer manufacturers have become increasingly prominent in China. Again in India, its local 3D printing start-up companies have begun to emerge as a result of the country’s increasing demand for 3D printing technology.
In fact, according to forecasts from market intelligence solutions company 6Wresearch, by 2022, India’s 3D printing and materials market is expected to reach US$62 million. Like anywhere else, 3D printing technology provides a more economical, time-efficient manufacturing solution for a wide variety of industries in India. Industries and areas that may benefit from this innovative manufacturing technology currently include education, medical care, arts, architecture, and industrial manufacturing. 6Wresearch found in the report that the market for 3D printing prototype services and the application of this technology in industrial-grade manufacturing are all improving.
Rajat Kharbanda, Senior Consultant at 6Wresearch, said: “Architecture, education, arts, automotive, fashion and consumer electronics are the main application areas for 3D printing prototypes, with consumer electronics occupying a major share of the current. In addition, automotive and industrial End users in the industry seem to be more willing to choose high-end 3D printers.†Kharbanda added that devices like Stratasys and 3D Systems are popular choices for professional-grade 3D printers.
It is understood that in the Indian market, the increasing use of 3D printing technology in industrial-grade manufacturing is largely due to the continuous decline in the prices of advanced industrial-grade 3D printers. In terms of materials, 6Wresearch report shows that the most demanding market in India is PLA and ABS, the two most standard 3D printing materials. It can be inferred that the mainstream 3D printing technology in India is fused deposition modeling (FDM).
In addition, 6Wresearch also listed the market leader in the 3D printing prototype industry in India, including Altem Technologies, Imaginarium and Novabeans Prototyping, in addition to Think3D, MyObjectify, Stanley 3D Tech, 3D Spectra Technologies, and LBD Makers Technology. the company.
Finally, the report titled "India 3D Printer Prototyping and Materials Market (2016-2022)", entitled "India 3D Printer Prototyping and Materials Market (2016-2022)", states: "Although the Indian 3D printer market is currently in its infancy However, the industry holds great potential for manufacturers, local assembly companies, and distributors.In the Indian market, 3D printing prototypes are still an emerging concept. There have been a number of start-ups in the past three years. Businesses have emerged across India. 3D printer prototype services are expected to land in areas related to education, health care, arts, and architecture, but as the public’s awareness of 3D printing technology increases and the price of industrial 3D printers declines, this trend It will quickly move to industrial and manufacturing applications."
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