3D Printing Parts has Gained Significant Traction After 2021

Industrial 3D Printing Market

3D printing, commonly known as Additive manufacturing (AM), is an emerging technology that is rapidly transforming manufacturing processes worldwide. This revolutionary method creates 3-dimensional objects by successively layering materials under computer control. 3D printing involves layering materials like plastics, composites, or bio-materials to create objects that range in shape, size, rigidity, and color. Compared to traditional subtractive techniques, 3D printing offers immense design flexibility, reduced waste, and the ability to produce complex geometries. As one of the largest and fastest-growing economies, India holds tremendous potential for adopting 3D printing technologies.

• The 'Make in India' initiative and vision for self-reliance have brought additive manufacturing into sharp focus.
• Prototyping was the most used 3D printing application in 2022.
• The top 5 leading 3D printer manufacturers are- Autodesk, HP Inc.,3D systems, Desktop Metal, and ProtoLabs.

The major restraint for the growth of industrial 3D printing is the substantial initial investment along with complex components, machinery, high-level technology, etc., and that’s why the manufacturing cost of 3D printing is high. Also, the challenge of Industrial 3D Printing is the cost of raw materials for manufacturing 3D printed industrial production parts and components. However, since 3D printing continues to advance, ongoing regulatory developments and compliance with standards have become crucial factors in determining the market's trajectory and acceptance across various sectors.