Asia-pacific 3d Printing Market Forecast 2023-2032
KEY FINDINGS
The Asia-Pacific 3D printing market is evaluated to garner a CAGR of 19.19% during the forecasted period of 2023 to 2032. The market’s growth is propelled by significant technological developments undertaken by key players, and companies’ expanding presence in the Asia-Pacific due to the region’s large-scale manufacturing capacity and cost-saving abilities.
MARKET INSIGHTS
The Asia-Pacific 3D printing market growth assessment comprises an in-depth study of China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Philippines, Taiwan, Hong Kong, Malaysia, Singapore, Australia & New Zealand, and Rest of Asia-Pacific. The use of 3D printing technology in Vietnam is still fairly limited, with fine art considered the primary application for 3D-printed items in the nation. Moreover, as per experts, plastic continues to be the most frequently used material for 3D printing, and the projected overall market value of 3D-printed plastic goods is set to be $1.4 billion.
In comparison, there has been substantial research & development in the 3D printing market in the Philippines. For example, in order to generate a 3D printing hub, Colegio de Muntinlupa (CDM), as well as the Industrial Technology Development Institute (ITDI) of the Department of Science and Technology (DOST) collaborated in 2022. This step is expected to increase the latter’s potential for additive manufacturing, subsequently familiarizing graduates with this particular technology from the fourth industrial revolution. Therefore, the abovementioned factors are projected to influence the Asia-Pacific 3D printing market growth during the forecast years.
COMPETITIVE INSIGHTS
Leading players operating in the market include BASF SE (BASF 3D Printing Solutions GmbH), Stratasys Ltd, Optomec Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Market Definition
- 3.2. Key Drivers
- 3.2.1. Growing Use Of 3d Printing For Enhanced Manufacturing Efficiency
- 3.2.2. Substantial Benefits Over Traditional Methods
- 3.2.3. Utilization Of Multiple Materials For Printing
- 3.2.4. Minimizing Human Errors
- 3.2.5. 3d Printing Facilitates Customization And Innovation
- 3.2.6. 3d Printing Saves Cost And Time
- 3.2.7. Rising Use Of 3d Printing Technology In Various Industries
- 3.3. Key Restraints
- 3.3.1. Shortage Of Skilled Labor
- 3.3.2. Implementation Costs For Individual Consumers
- 3.3.3. Legal Risks And Regulation Standards
- 3.3.4. Weak Structural Design
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On 3d Printing Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Supply Chain Analysis
- 4.6. Sector-wise Adoption Of 3d Printing
- 4.7. Regulatory Framework
- 5. Market By Component
- 5.1. Hardware
- 5.2. Software
- 5.3. Services
- 6. Market By Technology
- 6.1. Stereolithography
- 6.2. Fuse Deposition Modeling (Fdm)
- 6.3. Selective Laser Sintering (Sls)
- 6.4. Direct Metal Laser Sintering (Dmls)
- 6.5. Polyjet Printing
- 6.6. Inkjet Printing
- 6.7. Electron Beam Melting (Ebm)
- 6.8. Laser Metal Deposition (Lmd)
- 6.9. Digital Light Processing (Dlp)
- 6.10. Laminated Object Manufacturing (Lom)
- 7. Market By Industry Vertical
- 7.1. Automotive
- 7.2. Aerospace & Defense
- 7.3. Healthcare
- 7.4. Consumer Electronics
- 7.5. Industrial Products
- 7.6. Power & Energy
- 7.7. Other Industry Verticals
- 8. Market By Application
- 8.1. Prototyping
- 8.2. Tooling
- 8.3. Low-volume Manufacturing
- 8.4. Healthcare & Biomedical Devices
- 8.5. Art & Design
- 8.6. Other Applications
- 9. Market By Material Type
- 9.1. Plastic
- 9.2. Photopolymer
- 9.3. Metals And Metal Alloys
- 9.4. Ceramics
- 9.5. Other Material Types
- 10. Geographical Analysis
- 10.1. Asia-pacific
- 10.1.1. Market Size & Estimates
- 10.1.2. Key Growth Enablers
- 10.1.3. Key Challenges
- 10.1.4. Key Players
- 10.1.5. Country Analysis
- 10.1.5.1. China
- 10.1.5.2. Japan
- 10.1.5.3. India
- 10.1.5.4. South Korea
- 10.1.5.5. Indonesia
- 10.1.5.6. Thailand
- 10.1.5.7. Vietnam
- 10.1.5.8. Philippines
- 10.1.5.9. Taiwan
- 10.1.5.10. Hong Kong
- 10.1.5.11. Malaysia
- 10.1.5.12. Singapore
- 10.1.5.13. Australia & New Zealand
- 10.1.5.14. Rest Of Asia-pacific
- 11. Competitive Landscape
- 11.1. Key Strategic Developments
- 11.1.1. Mergers & Acquisitions
- 11.1.2. Product Launches & Developments
- 11.1.3. Partnerships & Agreements
- 11.1.4. Business Expansions & Divestitures
- 11.2. Company Profiles
- 11.2.1. 3d Systems Inc
- 11.2.2. Arkema Sa
- 11.2.3. Autodesk Inc
- 11.2.4. Basf Se (Basf 3d Printing Solutions Gmbh)
- 11.2.5. Covestro Ag
- 11.2.6. Eos Gmbh Electro Optical Systems (Eos)
- 11.2.7. Evonik Industries Ag
- 11.2.8. Exone (Desktop Metal Inc)
- 11.2.9. Formlabs
- 11.2.10. Ge Additive
- 11.2.11. Höganäs Ab
- 11.2.12. Hp Inc
- 11.2.13. Markforged
- 11.2.14. Materialise Nv
- 11.2.15. Optomec Inc
- 11.2.16. Organovo Holdings Inc
- 11.2.17. Renishaw Plc
- 11.2.18. Slm Solutions
- 11.2.19. Stratasys Ltd
- 11.2.20. Voxeljet Ag
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