Research shows 3D printing market to reach $4.5 billion mark by 2020

A new report by Allied Market Research (AMR) titled ‘3D Printing Market in Emerging Economies (China, India, UAE, Brazil, South Africa) – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020’ indicates that the 3D printing market in emerging economies would reach $4.5 billion by 2020, registering CAGR of 37.4 percent from 2014 to 2020. The additive manufacturing and rapid prototyping process adopted by the leading manufacturing companies would propel the growth of the 3D printing technologies. Amongst the emerging markets, India and China are the most opportunistic regions for the development of 3D printing; therefore, market leaders are looking to capitalise on the prevailing opportunities in these countries.

Higher accuracy, faster processing, efficient use of materials and the ability to build customized products optimally are the prime elements of growth for 3D printing market. Favourable initiatives by the governments in the emerging economies are contributing to the growth of the start-ups in the region giving them power to compete with the top players in the region. According to AMR analysis on the emerging sectors, the adaptation can be phrased in simple form as ‘Print what you think with the help of 3D printing technology effectively’. Key companies profiled in the report are Stratasys Ltd, 3D Systems, Arcam AB, Autodesk Inc, ExOne Company, Voxeljet AG, Optomec Inc., Hoganas AB, Organovo Holdings Inc and Ponoko.