DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kjmdb8/3d_printing) has announced the addition of the "3D Printing Market in Emerging Economies - China, India, UAE, Brazil, South Africa - Size, Share, Emerging Trends, Company Profiles, Demand, Insights, Analysis, Opportunities, Segmentation and Forecast," report to their offering.
The 3D printing market in emerging economies would reach $4.5 billion by 2020 registering CAGR of 37.4% from 2014 to 2020
The additive manufacturing and rapid prototyping process adopted by the leading manufacturing companies would propel the growth of the 3D printing technologies. Amongst the emerging markets, India and China are the most opportunistic regions for the development of 3D printing; therefore, market leaders are looking to capitalize on the prevailing opportunities in these countries. 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.
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.
The initiatives taken by governments across the emerging economies to enhance the 3D printing technology is one of the major driving factors. In April 2013, China has invested $6.5 million to conduct research on key 3D printing technologies. Technological events have been arranged across sectors for spreading awareness among stakeholders.
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.
Key Market Segmentation:
- By Components
- By Technology
- By Material
- By Service
- By Application
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 China-3D Printing Market, 2013-2020 $ Million
Chapter 5 India- 3D Printing Market 2013-2020 $ Million
Chapter 6 UAE-3D Printing Market 2013-2020 $ Million
Chapter 7 Brazil-3D Printing Market 2013-2020 $ Million
Chapter 8 South Africa-3D Printing Market 2013-2020 $ Million
Chapter 9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/kjmdb8/3d_printing