MUMBAI, April 15, 2015: 3D printers are emerging as a key growing printing technology in global landscape. In India, the market for 3D printers is at its nascent stage; however offers huge growth opportunities in the coming years. Low market awareness, cost constraint and lower domestic production are witnessed as key hurdles for the adoption in the country. Although, with government of India initiatives to boost domestic manufacturing sector,
these challenges are expected to be overcome.
India 3D Printer Market is projected to record $79 Million by 2021. In India, 3D printer market is one of the emerging markets, where demand is primarily exhibited from Tier-I cities. India accounts for major potential growth for domestic manufacturers, local assemblers and distributors due to increasing use of rapid prototyping and 3D modeling across various industry sectors. Further, “Make in Campaign” which started in 2014 is anticipated to drive the future growth of the market.
Amongst all 3D printing technologies, FDM technology based 3D printers dominates the overall market. Low cost and ease of availability of these printers have led for their majority of the market revenues.