APAC 3D Printing Market Overview and Size
The report titled 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" provides a comprehensive analysis of the 3D printing market across the APAC region. The report also covers the overview and genesis of the industry, value chain, overall market size in terms of revenue, segmentation on the basis of region, component, application, end-users, printer technology and type of material, country profiles, trends and developments, issues and challenges, SWOT analysis, competitive scenario and company profiles of major players in the industry. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions for new and existing players in the market.
APAC 3D Printing Market Overview and Size:-
The APAC 3D printing market has increased at a double-digit positive CAGR during the review period 2014 – 2019(P). The market growth was supported by an increase in the usage of 3D printing, especially for prototyping applications. The technology was majorly adopted by various end-user industries such as automobiles, medical devices and healthcare, aerospace, industrial, archeological, consumer products, fashion, and jewelry industry and other industries and others. The market will witness to grow in the coming years with an increasing application for production application and adoption in other industries.
APAC 3D Printing Market Segmentation:-
By Region: In 2019(P), China contributed the highest revenue share in the APAC 3D Printing market as most of the manufacturing industry in APAC is based in China. Japan also accounted for significantly large revenue share in the market owing to the large install base of machinery in the country.
By Components: The sale of 3D printing machinery contributed to the maximum revenue followed by the materials, software, and services in the APAC 3D printing market in 2019(P). However, revenue generated from the sale of materials is increasing.
By Application: Currently, 3D Printing is being largely applied for prototyping purposes and as a result, it contributed the maximum revenue followed by tooling and manufacturing in 2019(P). The revenue contribution from tooling and manufacturing has been increasing.
By End Users: In2019 (P), Automobiles contributed the highest revenue share in the APAC 3D printing market. It was followed by medical devices and healthcare industry. Consumer Goods and Machinery and OEMs also contributed a significant share in the industry owing to the greater adoption in the industry.
By Printer Technology: In 2019(P), the APAC 3D printing market was majorly dominated by polymers based printing technology such as FDM, SLA, DLP, and others. The revenue contribution from Metal-based technologies such as SLM; DMLM has increased over the years.
By Type of Material: APAC 3D printing market has been majorly dominated by polymers due to the wide variety of material choices available in the category. The usage of metal-based materials is growing and will drive the market in the future.
The competition in the APAC 3D printing market is moderately concentrated and it has been observed that the market was majorly dominated by the big international companies operating in the market such as 3D Systems Corporation, Stratasys Ltd, SLM Solutions Group, Materialise NV, The Exone Company, Voxeljet AG and Others. These companies have been able to establish their dominance in the market as they have been the forefront players in the 3D printing industry and are technologically advance. Companies are majorly competing on the various parameters such as new printing processes, materials and providing low price variables of the 3D printers.
APAC 3D Printing Market Future Outlook & Projections:-
The APAC 3D printing market is expected to witness positive growth at a double-digit CAGR over the forecast period. Countries such as South Korea and India will increase their revenue contribution in the APAC market whereas China will continue to contribute maximum revenue. Moreover, an increase in the consumption of material will drive growth in the market. In addition to this, it is anticipated that 3D printing will move towards metal 3D printing as new technologies and material will come into the market.