India’s 3D printer market to exhibit firm 20 percent growth during 2014-19

According to 6Wresearch, India’s 3D printer market to exhibit firm growth of 20 percent during 2014-19 as a result of increasing use for rapid prototyping and 3D modelling across industry sectors 3D printers are emerging as key growing printers in global landscape. However, the market for 3D printers is in the nascent stage in India, but holds immense growth potential in the coming years. These printers are used for designing 3D models of engineering designs, objects, prosthetics, implants, dentures, fashion accessories, art, and decoration articles.

In India, prominent used 3D printing technologies include selective laser sintering, stereo lithography, fused deposition modelling, and polyjet. In India’s 3D printers market, fused deposition modeling based 3D printers have accounted for majority of the market revenues on account of its ease of usage and affordable price. Wide range of applications, increasing usage in orthopaedic/prosthetic goods, and expiration of key technology patents have been identified as key driving factors in the market. Low degree of awareness, high capital cost, and complexity of use in manufacturing large size models are some of the restraining factors in the market.