Asia Pacific (ASPAC) Industrial 3D Printing Market Analysis, 2020




The 3D printing technology is helping the OEMs in transforming product models as it is being utilized to produce product prototype and functional components. The gradual growth in the Asia Pacific industrial 3D printing market is attributed to the rising investments of the governments of developing countries, operational benefits of 3D printing and surging adoption of the manufacturing-as-a-service business model by the companies.

The increasing initiatives by the governments in the region for the promotion of additive manufacturing is anticipated to positively impact the growth of Asia Pacific industrial 3D printing market in the years to come. For instance: In 2018, about 3000 new schools were selected in India for the establishment of Atal Tinkering Labs (ATLs) under the NITI Ayog’s Atal Innovation Mission (AIM).

The automotive segment grabbed a significant market share in the Asia Pacific industrial 3D printing market in 2019. One of the major aims of the automotive sector is to reduce price of components, make them lighter and faster, which can be achieved by 3D printing technique. For instance: In 2020, Hindustan Aeronautics (HAL) and Wipro 3D collaborated to develop 3D-printed components, which would be utilized on aircraft manufactured by HAL in India.

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However, the Asia Pacific industrial 3D printing market is faced by several challenges such as material selection and its cost volatility, high cost of 3D printers, and lack of skilled human capital.

The major competitors operating in the Asia Pacific industrial 3D printing market include 3D System Corporation, Stratasys Ltd., EOS GmbH, Arcam AB, etc. Various companies are expanding their presence in the countries such as Japan, India, etc., to boost their business. In 2019, FIT Additive Manufacturing Group, a German 3D printing service provider announced its partnership with Mitsui & Co. Machine Tech Ltd. to provide 3D printing and advisory services to Japanese manufacturing industries.


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