Asia Pacific Desktop 3D Printing Market Size, Share & Industry Trends Analysis Report By Application (Functional Parts, Prototyping, and Tooling), By Vertical, By Technology, By Component, By Material, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Desktop 3D Printing Market would witness market growth of 19.6% CAGR during the forecast period (2022-2028).
The manufacturing industry is undergoing a change in 3D printing. The three most frequent uses of 3D printers are proof concept creation, production, and prototyping. Manufacturing industries employ 3D printers for necessary processes. However, the size of a 3D printer might vary based on the model. Even though some 3D printers are quite huge, desktop 3D printers are often quite modest & compact.
A 3D printing process based on extrusion is known by the name fused deposition modeling (FDM). The thermoplastic polymers utilized as the build materials in FDM come in the form of filament. In FDM, a part is created by layer-by-layer selective deposition of melted material along a route specified by the CAD model. FDM is among the most frequently used 3D printing technologies worldwide because of its excellent precision, low cost, & wide range of material options.
As China relies on high-tech, growing sectors to fuel the economy, it has taken steps to help its 3D printing industry with advantageous regulations, including more fiscal support & simpler financing. The MIIT committed to boosting financial support for 3D printing businesses and stated that it will promote a variety of funding options, including bond issuance & going public. Additionally, financial leasing will be offered. According to the recommendations, foreign businesses would be encouraged to establish research and development centers in China.
The China market dominated the Asia Pacific Desktop 3D Printing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $589.4 million by 2028. The Japan market is estimated to grow a CAGR of 18.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 20.3% during (2022 - 2028).
Based on Application, the market is segmented into Functional Parts, Prototyping, and Tooling. Based on Vertical, the market is segmented into Dental/Healthcare, Fashion & Jewellery, Education, Objects, Food, and Others. Based on Technology, the market is segmented into Digital Light Processing, Stereolithography, Fuse Deposition Modelling, Laminated Object Manufacturing, and Selective Laser Sintering & Others. Based on Component, the market is segmented into Hardware, Software (Design Software, Printer Software, Inspection Software, and Scanning Software), and Services. Based on Material, the market is segmented into Plastic, Ceramic, and Metal. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dassault Systèmes SE, 3D Systems Corporation, Autodesk, Inc., Canon, Inc., Materialise NV, EnvisionTec, Inc. (Desktop Metal, Inc.), Voxeljet AG, Stratasys, Ltd., Proto lab, Inc., and Shapeways, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Functional Parts
- Fashion & Jewellery
- Digital Light Processing
- Fuse Deposition Modelling
- Laminated Object Manufacturing
- Selective Laser Sintering & Others
- Design Software
- Printer Software
- Inspection Software
- Scanning Software
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Dassault Systèmes SE
- 3D Systems Corporation
- Autodesk, Inc.
- Canon, Inc.
- Materialise NV
- EnvisionTec, Inc. (Desktop Metal, Inc.)
- Voxeljet AG
- Stratasys, Ltd.
- Proto lab, Inc.
- Shapeways, Inc.
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