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0 According to MarkNtel Advisors study the Asia-Pacific Industrial 3D Printing Market size was valued at around USD 12.5 billion in 2023 & is estimated to grow at a CAGR of around 19% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Asia-Pacific Industrial 3D Printing market
Asia-Pacific Industrial 3D Printing Market Challenge:
Massive Capital Involved with Setting-Up Industrial 3D Printers – An industrial 3D printer requires high capital investment entwined with expenses on hiring skilled professionals for the software setup, buying & installing materials, and maintenance. As a result, the high initial cost of a 3D printer, coupled with charges associated with installation, service contracts, & maintenance, all together add to an overall massive equipment ownership cost, irrespective of whether the printer is idle or used extensively. Therefore, the aspects cited above might hamper the growth of the Asia-Pacific 3D Printing Market during 2024-30.
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Scope of the Report and Asia-Pacific Industrial 3D Printing Market Segmentation:
By Offering
- Printers
- Materials
- Plastics
- Thermoplastic
- Photopolymer
- Metals
- Steel
- Aluminum
- Titanium
- Alloys
- Other Metals
- Ceramics
- Glass
- Silica
- Quartz
- Other Ceramics
- Other Materials
- Plastics
- Software
- Design Software
- Inspection Software
- Printing Software
- Scanning Software
- Services
- Manufacturing Services
- Consulting Services
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By Application
- Tooling
- Prototyping
- Functional Parts
By Process
- Binder Jetting
- Direct Energy Deposition
- Material Extrusion
- Material Jetting
- Powder Bed Fusion
- Sheet Lamination
- Vat Photopolymerization
- Military
- Homeland Security
By Technology
- Stereolithography (SLA)
- Fused Deposition Modelling (FDM)
- Selective Laser Sintering (SLS)
- Direct Metal Laser Sintering (DMLS)
- Polyjet Printing
- Selective Laser Melting (SLM)
- Electron Beam Melting (EBM)
By Industry
- Automotive
- Aerospace & Defense
- Consumer Electronics
- Machinery & OEM
- Healthcare
- Others
Of them all, the automotive and aerospace & defense industries are the major end-users of 3D printing applications, with the largest share in the market.
Geographical Analysis:
By Country
- China
- India
- Japan
- South Korea
Of all countries, China is the biggest market for industrial 3D printing across Asia-Pacific, owing primarily to the massive government support for the industry, with plans to introduce several 3D printing pilot projects across different end-user verticals, including the healthcare sector.
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