3D Printing Market in Emerging Economies: Regional Scope and Product Development Strategies 2020-2030
The adoption of the technology would lead to low labour cost and efficient use of printing material, which would give a competitive edge to manufacturing companies. General Electric, on the other hand, explored the potential in the Indian market by incorporating additive manufacturing technology in manufacturing plastic parts and eventually also used the technology in manufacturing metal parts.
Key companies profiled in the report are StratasysLtd, 3D Systems, Arcam AB, Autodesk Inc., ExOne Company, Voxeljet AG, Optomec Inc., Hoganas AB, Organovo Holdings Inc., and Ponoko.
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Higher accuracy, faster processing, efficient use of materials and the ability to build customized products optimally are the prime elements of growth for 3D printing market. Favourable initiatives by the governments in the emerging economies are contributing to the growth of the start-ups in the region giving them power to compete with the top players in the region. According to AMR analysis on the emerging sectors, the adaptation can be phrased in simple form as "Print what you think with the help of 3D printing technology effectively".
Shanghai Winsun Decoration Design Engineering, a Company based in China, has adopted Contour Crafting to build houses which is a milestone to a lot of companies. Unique factors of 3D printing over traditional printing processes such as building complex designs easily, mixing of materials to meet continuously changing demands of customers, effective time management, among others have been the prominent factors driving the adoption of 3-D printing.
The easy portability and simple installation with the facility of mixing different types of materials according to need of the operating environment has made 3D printing a popular technology. The widespread adoption of 3D printers in healthcare and medical sectors in emerging economies is bringing the technology into the limelight among the domestic players. The technology is gaining prominence amongst leading domestic players, as the products manufactured can be further used in varied applications.
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AMR analysis suggests that the commercialization of 3D printing technology would not only lower manufacturing material loss and minimise the labour cost, but also raise awareness and eventually lead to widespread adoption of the technology. Mergers and acquisitions among top global players and local players of emerging regions would further accelerate the growth and adoption of the technology. Acquisition of Brazilian domestic company named Robotech by 3D Systems; a global leader is one such notable example that confers the impending market trend.
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTATION:
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
2.2. MARKET SCENARIO BEYOND 2025
2.2.1. Moderate growth scenario
2.2.2. Rapid growth scenario
2.2.3. Diminishing growth scenario
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. CONVENTIONAL VERSUS 3D PRINTING TECHNOLOGY
3.3. PRICING TREND IN 3D PRINTING
3.4. LATEST DEVELOPMENT IN 3D PRINTING TECHNOLOGY
3.5. TOP FIVE MOST POPULAR 3D PRINTERS
3.6. GEOGRAPHICAL REGIONAL ANALYSIS, BY MOST POPULAR PRINTERS
3.7. KEY FINDING
3.7.1. Top Factors Impacting in 3D printing in emerging economies
3.7.2. Top Investment Pockets
3.7.3. Top winning strategies
3.8. PORTER’S FIVE FORCE ANALYSIS
3.8.1. Concentrated suppliers and low switching cost involved for consumer leads to moderate bargaining power of supplier
3.8.2. Possibility of backward integration, low switching cost and price sensitive consumers leads to high bargaining power of buyers
3.8.3. Unavailability of higher technology and high switching cost from traditional to 3D printing leads to lower threat of substitutes
3.8.4. Undifferentiated products, presence of dominant market players and high investments into R&D activities leads to moderate threat of new entrants
3.8.5. Undifferentiated products, insignificant brand loyalty and high exit barriers increase the intensity of rivalry within industry
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