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:-
Rest of the APAC
By End User:-
Medical Devices and Healthcare
Machinery and OEMs
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
By Type of Material:-
Key Target Audience:-
3D Printer Manufacturers
3D Printing Material Provider
3D Printing Software Provider
3D Printing Service Provider
Third-Party 3D Printing Services
Private Equity and Venture Capitalist Firms
Time Period Captured in the Report:-
Historical Period: 2014 – 2019
Forecast Period: 2020F – 2025F
3D Systems Corporation
SLM Solutions Group AG
The Exone Company
Ricoh Company Ltd
Key Topics Covered in the Report:-
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:-
Ankur Gupta, Head Marketing & Communications