Increasing interest from many APAC manufacturing companies
and growing government-led strategies and policies has helped different
countries in APAC to create a sustainable AM ecosystem.
China is the biggest contributor in the APAC 3D Printing
market. The government is proactively supporting the industry. In 2017, the
government issued the ‘Additive Manufacturing Industry Development Action
Plan’, which aims to make domestic AM Industry worth USD 3 billion by 2020.
Growth in domestic manufacturers of 3D printers such as
Carima, Sentrol, South Korea, Drona, India, Union Tech, Intamsys China, Addwii,
Taiwan and others will present low cost systems that will drive the market.
Increasing Adoption of 3D printing by Industries:
As per industry surveys, 78%
of Chinese companies have adopted 3D printing technology in 2019. In Korea, the
familiarity with 3D printing increased from 24% in 2016 to 81% in 2019. Similar
trends have been observed in other countries of the APAC region. This shows a
positive outlook towards the 3D printing industry. The growing demand for
smarter and more efficient production will boost the market in the upcoming
future.
High Adoption by the Healthcare and Medical
Industry: Rising demand for implants
customizations during surgical procedures coupled with growing R&D
investments is driving the healthcare 3D printing market growth. In 2018, China
opened the first 3D bioprinting centre at Zhongshan People's Hospital for
researching on areas such as regenerative medicine and human tissue
engineering. Singapore Economic Development Board in association with National
University of Singapore and NAMIC (the National Additive Manufacturing
Innovation Cluster) invested USD 18 million to open another centre for additive
manufacturing to apply this technology in the biomedical and healthcare fields.
Japan has invested USD 22 million through its New Energy and Industrial
Technology Development Organization (NEDO) to spur the growth of highly
advanced 3D printing mechanisms for human tissue regeneration.
APAC to lead the 3D Printing Industry Growth
in Future: On a global level, APAC is
third after North America and Europe in terms of revenue contribution in the
global 3D Printing Industry and contributes around one fourth of the global
revenues. However, APAC is having the fastest growth rate globally and it is expected
if the current trends continue it will overtake the regions and become the top
most contributors in terms of revenue.
Analysts
at Ken Research in their latest
publication "APAC
3D Printing Market Outlook to 2025 - By Region (China, Japan, South Korea,
India, Australia and Rest of the APAC), By Component (Printers, Materials,
Software and Services), By Application (Prototyping, Tooling and
Manufacturing), By End Users (Automobile, Healthcare and Medical Device,
Aerospace, Machinery and OEMs, Consumer Goods and Others), By Technology and By
Material" observed that the APAC 3D Printing
Market will increase due to rising adoption by the end user industries, growth
in the government initiatives and rise in adoption for the production purposes.
The APAC 3D printing market is expected to register a positive CAGR of 16.1% in
terms of revenue during the forecast period 2019P – 2025F.
Key Segments Covered:-
By Region:-
China
Japan
South Korea
India
Australia
Rest of the APAC
By Component:-
3D Printers
Materials
Software
Services
By Application:-
Prototyping
Tooling
Manufacturing
By End User:-
Automotive
Medical Devices and Healthcare
Aerospace
Machinery and OEMs
Consumer Goods
Others
By 3D Printing Technology:-
Fused Deposition Modeling (FDM)
Stereolithography (SLA)/ Direct Laser Printing (DLP)
Polyjet/ Material Jetting
Selective Laser Sintering
Selective Laser Melting/ Direct Metal Laser Melting (SLM/DMLM)
Electronic Beam Melting
Others
By Type of Material:-
Polymers
Metals
Ceramics
Others
Key Target Audience:-
3D Printer Manufacturers
3D Printing Material Provider
3D Printing Software Provider
3D Printing Service Provider
Third-Party 3D Printing Services
Industry Associations
Government Associations
Government Agencies
Private Equity and Venture Capitalist Firms
Time Period Captured in the Report:-
Historical Period: 2014 –
2019
Forecast Period: 2020F –
2025F
Companies Covered:-
3D Systems Corporation
Stratasys Ltd.
SLM Solutions Group AG
Materialise NV
The Exone Company
Voxeljet AG
EnvisionTec
Arcam AB
HP Inc
Ricoh Company Ltd
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
APAC 3D Printing Market Overview and Genesis (Overview and Genesis,
Business Cycle Graph)
APAC 3D Printing Market Business Model
3D Printing Market Patent Analysis
APAC 3D Printing Market Value Chain Analysis
APAC 3D Printing Market Size
APAC 3D Printing Market Segmentation
APAC 3D Printing Market Trends and Development
APAC 3D Printing Market Issues and Challenges
APAC 3D Printing Market SWOT Analysis
APAC 3D Printing Market Competitive Landscape
APAC 3D Printing Market Future Outlook and Projections
APAC 3D Printing Market Analyst Recommendations
For More Information
on the research report, refer to below link:-
Contact
Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
