The Asia-Pacific Industrial 3D printing market size is forecasted to reach USD 3.3 billion by 2023 at a projected CAGR of 27.2% during 2019-2023.

The major driving forces come from the growing adoption in additive manufacturing by industries such as automotive, aerospace, dental, discrete, high tech, and medical products.

• Definition / Scope
• Market Overview
• Key Metrics
• Market Risks
• Market Trends
• Industry Challenges
• Technology Trends
• Other Key Market Trends
• Market Size and Forecast
• Market Outlook
• Technology Roadmap
• Competitive Landscape
• Competitive Factors
• Key Market Players
• Strategic Conclusion
• References

Definition / Scope

3D Printing is referred to the additive manufacturing process that creates a digital design from a physical object. The technology aids in the reduction of waste material, repairing of parts that are costly to replace, decreasing the lead time, and reducing tooling cost.

Moreover, 3D Printing can be applied for printing a variety of products with uniform design technology, in which a digital technology is transformed into a three dimensional object by adding material layer by layer.

3D Printing is specifically useful in the production of spare parts that are difficult to obtain. Manufacturers are focussing on mass production rather than low volume production as it can be useful in various industries.

The industrial 3D Printing can be useful in manufacturing, tooling and repairing heavy equipment, machinery and robotics in the industries such as aerospace, electrical, food and beverage, jewellery and healthcare.

Market Overview

The Market Size of the APAC Industrial 3D Printing Market is estimated to be US$ 1.27 Billion in 2019 and is expected to reach a market size of US$ 3.3 Billion in 2023 recording a CAGR growth of 27%.

Printer Type Insights

Based on the printer types, the market has been segmented into industrial and desktop 3D printers. The industrial printers segment held the largest market share of 68.96% in 2019.

It is anticipated to continue dominating the market over the forecast period. This growth can be attributed to the extensive adoption in automotive, electronics, aerospace and defense, and healthcare, among other industries.

Prototyping, designing, and tooling are some of the most common industrial applications of 3-dimentional printers across these industry verticals.

On the other hand, adoption of desktop 3-dimensional printers was initially limited to hobbyists and small enterprises. However, increasing usage in household and domestic application is anticipated to bode well for demand.

Moreover, the education sector; which comprises schools, educational institutes, and universities, is also deploying desktop printers for technical training and research purposes.

Small businesses are adopting desktop printers and diversifying their business operations to offer Industrial 3D printing and other related services. The demand for desktop printers is expected to rise significantly over the forecast period.

Technology Insights

At present, the FDM segment is holding the largest market share of over 19% owing to extensive adoption of the technology across various 3DP processes.

Along with the ease of operations, technological advancements and aggressive research and development activities are opening opportunities for several other efficient and reliable technologies.

Stereolithography is anticipated to account for a considerable revenue share, as it is one of the oldest and conventional printing technologies. Polyjet, Direct Metal Laser Sintering (DMLS), and Selective Laser Sintering (SLS) segments are also expected to witness a rise in adoption, as they are used in specialized additive manufacturing processes.

Growing demand from aerospace and defense, healthcare, and automotive verticals  would open opportunities for the adoption of these technologies in near future.

Software Insights

Based on software, the 3DP market has been segmented into design, inspection, printer, and scanning software. Design software acts as a bridge between the objects to be printed and the printer’s hardware. The segment is expected to continue holding the leading market share over the forecast period.

The scanning software segment is projected to expand at the highest CAGR of 28.4% from 2019 to 2023. The demand is estimated to be driven by the ability of this software to store scanned images irrespective of their size and dimensions.

The segment is expected to witness rapid growth and generate considerable revenue over the forecast period in line with the growing adoption.

Application Insights

Prototyping accounted for the largest market share in 2019 and is anticipated to maintain its dominance over the forecast period. Extensive adoption from various industry verticals is anticipated to propel the growth.

Automotive and aerospace and defense industries use prototyping to design and develop components and complex systems precisely. Prototyping also allows manufacturers to achieve a higher accuracy and to develop reliable end products.

The functional parts segment is expected to expand at a significant CAGR of 26.5% from 2019 to 2023. Increasing demand for designing and building functional parts is anticipated to bode well for the growth of this segment.

Functional parts include smaller joints and other metallic hardware connecting components. Their accuracy and precise sizing are of paramount importance while developing machinery and systems.

Vertical Insights

Industrial 3D printing techniques find its major application in verticals such as education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others.

Manufacturing sector dominated Industrial 3D printing landscape during 2017 owing to bolstering digitalization wherein Industrial 3D printing solutions have paved way for manufacturing companies.

Component Insights

Based on component, the market for Industrial 3D printing has been segmented into hardware, software, and services. The hardware component segment is further divided into printer type, technology, applications, and vertical.

The software segment, on the other hand, is further bifurcated into printer type and software type. The services segment is classified based on the printer type.

The hardware segment accounted for the largest market share in 2019. The segment is anticipated continue leading over the forecast period. Software segment is expected to register the highest CAGR of 28% over the next few years.

Regional Insights

Japan and China altogether majorly constitute as force behind the boom of Industrial 3D Printing in Asia Pacific owing to Chinese government support in terms of Industrial 3D Printing strategies and fiscal support.

Moreover, China also aims to invest US$ 240 Million in next few years with an objective to boost development of 3D printing technique in China. Moreover, influx of numerous players in Industrial 3D Printing and technological advancements and research in Japan has further contributed both these countries to become the leading ones in Industrial 3D Printing domain.

Hence, projected consumer trends and innovation investments will propel Industrial 3D printing demand and supply in Asia Pacific region. Japan Industrial 3D printing market was valued at US$163.5 Million during 2019.

Asia Pacific Region	Market Size in 2019 $ Mn	Market Size in 2023 $ Mn
China	709.5	1788
Japan	163.5	417.4
India	128	334
South Korea	30	79.3
Australia	24	63.4
Rest of APAC	215	559.3

Market Risks

Fragmented Market

The Asia-Pacific Industrial 3D Printing market is highly fragmented with lots of companies entering into the business ranging from larger established companies to startups.

The market has lower barrier for entry as the most important investments made are the 3D Printer and the software used for running the printer. There exist a large number of local players in the market and they offer products to the local markets at a much lower price when compared to the organized international players.

The factors leading to the fragmentation of the BEMS Market are no economies of scale and strong competition in the market.

High Cost of Key Components

Though there is a decrease in the cost of 3D printers, the price associated with 3D printing is still high. There are numerous factors that lead to higher cost of the 3D printing devices.

To name a few, the energy taken by 3D printing to produce items is enormous. For instance, the energy released by some of the 3D printing processes utilizes up to 50-100 times more electricity as compared to the injection molding machines.

It is arguable that 3D printing products can manufacture low carbon fiber parts.

However, manufacturing of these low carbon fiber parts is limited only to the material production stage and not the energy production stage. In addition, the software required to run the 3D printers is expensive.

There is a need to change the rendering software with change in application area. Thus, there is an increase in the cost of the entire system. There is a need to update the software periodically to keep it efficient and effective.

In addition, 3D printing cannot be adopted by all the industries owing to high production, and entry cost of 3D printing goods. These factors limit the 3D printing market growth.

Top Market Opportunities

The market for additive manufacturing is globally lucrative with wider business opportunities in diverse industries from Automotive to Manufacturing.

Opportunity in Healthcare 3D Printing

The healthcare industry is another key end user of industrial 3D printing. The industrial 3D printing technique in healthcare industry caters to the demand of personalized medical devices, prosthetics and implants.

Some of the adoption of 3D printing technology in healthcare industry is 3D printed skin for burnt victims, airway splints for babies with tracheobronchomalacia, which makes the small airways around the lungs prone to damage.

These are the first 3D implants made for the kids which are designed to grow with the patient. These technologies in health care industry are expected to create ample growth opportunity in this market.

Opportunity in Automotive 3D Printing

he potential transformation that the technology can bring over the next decade in the automotive industry is nothing less than revolutionary. From printing car parts and accessories to creating new concepts from scratch, the possibilities of 3D printing are endless.

3D printing is expected to play a major role in parts manufacturing in the future, as one of the key goals of the automotive industry is to make parts cheaper, lighter, and faster, all of which 3D printed parts will be able to achieve.

Opportunity in Manufacturing 3D Printing

The industrial 3D printing technology provides good opportunity to enhance the potential of manufacturing and supply chain management.

The 3D technology helps in consolidating various components into a single product, and managing inventory complexity for industries. The industrial 3D printing technique is used to enhance productivity and reduce cost of production.

Market Trends

Ease of developing customized products

3D printing enables the manufacturing of personalized products according to individual needs and requirements. The companies provide customized services such as basic design development by designers, followed by allowing the customers to co-design the product.

Ongoing technological advancements in the existing 3D printing technologies, reducing costs of printers, and availability of a range of materials enable the easy manufacturing of custom-made products.

AM makes print-on-demand possible for part replacement, less popular designs, specialty products, and low-volume production of customized functional parts. For instance, NASA used a Stratasys 3D printer to build ~70 parts of a Mars space rover.

The 3D manufactured product can also be designed in one country, manufactured in another country, and then distributed in some other country.

Moreover, 3D printing makes it possible for manufacturers to make crucial changes during the trial and error process, which makes the process of developing complex designs easy. 3D printing technology is also increasingly being used in mass customization.

Supporting Government Initiatives

There has been positive feedback from the regional Governments of the APAC region supporting the adoption of Industrial 3D printing in the region.

The Regional Government is encouraging local manufacturers to adopt industrial 3D Printing by investing on Research & Development activities For instance, Japan’s New Energy and Industrial Technology Development Organization (NEDO), in late 2017, invested in a 3D printing technology that can fabricate from pure copper by using a high-intensity blue laser diode.

Other significant investments include a funding of US$ 380 million from 2013 made by the Singapore Government for the commercialization of industrial 3D Printing via the establishment of the National Additive Manufacturing Innovation Cluster (NAMIC) in 2015.

In 2017, Chinese government issued the ‘Additive Manufacturing Industry Development Action Plan’, looking to make a national AM industry worth $3 billion by 2020. The Industrial 3D printing industry in the APAC region is expected to witness a surge in growth due to the supporting policies of the regional governments.

Reduced overall Product Development Cycle Time

As the objects made from 3D printers are designed on a software program, design creation and redesign challenges can be easily overcome by updating the file on the program.

This reduces, and in some cases, eliminates the trial and error process and the high costs associated with re-tooling, redesign, and rework as with the traditional manufacturing method, thus, reducing the overall product development cycle time.

3D printed product design allows for rapid prototyping in the pre-manufacturing stage. Time saved in the prototyping stage helps businesses manufacture quicker and reach markets faster. Overall, manufacturers enjoy the benefits of lower costs and added agility.

Independence from economies of scale

Industrial 3D printing offers complete independence from economies of scale by enabling small-scale production at the point of need. Also Industrial 3D printing helps reduce costs.

Traditional manufacturing methods are notoriously expensive, whereas the 3D printing process makes the creation of parts products cheaper and more accessible.

Unlike traditional manufacturing where many different people may be required to operate a number of machines or a production line is required to piece together the product, 3D printing removes this.

Each 3D printer will require an operator to start the machine before it begins an automated process of creating the uploaded design.

Therefore, when using 3D printing for manufacturing, the labour costs are significantly lower as there is no need for skilled machinists or operators to form part of the process.

Inherent benefits offered by Industrial 3D printing

Industrial 3D printing materials offer a range of advantages, for instance, durability, high sensitivity, flexibility, and stability. Other benefits comprise a decrease in time-to-market particularly for latest products and exclusion of raw material waste, thus these factors are fuelling the growth of the industrial 3D printing market.

Product improvement and rising spending on R&D are the most significant developments in the market. Producers/manufacturers are mainly focusing on the formation of low cost and low volume products which can be further utilized across different industries.

Complexities associated with the use of 3D printing software

The software used for designing the product has a vital role in 3D printing. The most common software used is computer-aided design (CAD), which shows a virtual 3D model of the product.

Many manufacturers or end-user industries still lack the knowledge required for using the 3D printing software, thus making the use of these software solutions difficult for them. As a result, such manufacturers have to rely on external 3D printing service bureaus for specific production part requirement.

This creates a problem in the designing phase, thereby complicating the process of manufacturing. Also, the high price of software adds to the overall cost of production.

Moreover, the CAD software itself has some limitations. Users find the creation of complex shapes difficult with the use of CAD, which limits the usability of 3D printers in general.

Technological obstacles to large scale adoption

Currently, traditional manufacturing is still the preferred choice in most industries as it is more cost-efficient and better adapted to mass production.

3-D printing technology has some important limitations, for instance, parts larger than 30 cm² are difficult to produce using existing 3-D printers, and most printers cannot mix materials within one item though a few successful experiments in mixing materials during printing have been achieved, no such printer is yet commercially available.

Also, the biggest hurdle to 3-D printing taking commercialization is the high cost of printers and of metal powder. Powder production today is inefficient, partly because of its small scale and partly because as little as 50 percent of the atomized powder is of sufficient quality.

High production costs

Another factor restraining the widespread use of AM is higher production costs. Although AM avoids the high up-front tooling costs that traditional processes (such as inject molding) require, those advantages tend to fade quickly as production volume increases.

Even at low volumes, AM with metals often remains much more expensive than traditional methods because of several interconnected factors such as high materials costs, slow build-up rates, and the long machining hours that result, and high energy consumption.

Industry Challenges

Lack of human capital

There is still a wider skills gap in the APAC region when it comes to design concept. Capturing the technology’s full potential often requires completely rethinking the way products are designed, because AM allows nearly complete freedom: product designs can be calibrated to eliminate unnecessary materials, and inner or organic structures can be incorporated, thus overcoming the limitations of traditional milling or injection molding.

Limited production scale

Because most current AM machines are made for prototyping rather than series production, mass production scale is hard to attain.

The next-generation machinery needs to keep reducing production costs while adding capabilities necessary to support industrial production, such as process-stability management, in-process quality control, faster changeovers, greater reliability, and easier maintenance and repair

Technology Trends

Polymer-Based Technologies

Major 3D printing service providers mainly Stratasys, 3D Systems, and EOS, for instance, are investing significant resources in the development of polymer-based technologies for industrial applications.

At the same time, leading companies from outside the 3D printing industry have made significant investments in the industrialized AM space. For instance, a group of investors that includes BMW, GE, Google, and Nikon have invested more than USD 220 million in support to develop Continuous Liquid Interface Production (CLIP) technology.

CLIP technology that uses digital light projection, oxygen permeable optics, and programmable liquid resins to produce parts and it is proven to be a breakthrough in AM space.

Likewise, Hewlett-Packard has introduced commercial 3D printers that use its newly developed Multi Jet Fusion (MJF) technology. The process includes fusing and detailing agents within a powder-bed fusion process.

Then the build begins with a thin layer of powdered material being deposited across the build platform. Droplets of fusing, detailing and transforming agents are applied along with thermal energy on top of the powdered material to define the part’s geometry and properties.

The process continues layer-by-layer until a complete part is formed. After the print is finished, the building unit with the material and parts are rolled onto a processing station for cooling and powder excavation. This technology is ideal for hidden parts like complex ductwork, connectors or non-cosmetic housings.

Software will be crucial for 3D printing operations

Software, alongside hardware and materials, is an important element for developing an industrial additive manufacturing operation. 2018 saw a burgeoning awareness of the importance of software for various aspects of the AM process, from design/simulation to workflow management and security.

With the capabilities of simulation software becoming increasingly more advanced, simulating the printing process as well as the properties of a part itself provides a better understanding of the impact of printing parameters. These insights can then be used to help reduce material waste, increase process reliability and optimise machine uptime.

As companies now begin to scale their operations, software will also become increasingly valuable for managing and streamlining AM processes at all stages. Ensuring workflow security will inevitably become a natural extension of this, as companies seek to safeguard their data and intellectual property.

Other Key Market Trends

The High cost of Materials used for 3D Printing

While substantial investments in the additive manufacturing ecosystem are fueling growth, with the significant part held by materials. Outside of the high cost of the equipment, the next big barrier is materials and the closed ecosystem which has hindering the industry’s growth.

Numerous types of 3D printing materials are on the market today, but very few are advanced enough to meet the quality or regulatory requirements of every industry.

With current challenges surrounding volumes in most industries, suppliers and manufacturers aren’t incentivized to create the materials necessary for new applications.

However, it is found that the future of 3D printing is in materials, specifically engineered and application specific materials. The different needs of diverse industries all require custom solutions to their problems.

Integrating new engineered materials will transform a new generation of applications, including heavily regulated industries.

Market Size and Forecast

Asia Pacific Industrial 3D Printing Market

The Industrial 3D printing market in Asia Pacific countries is currently in the infancy stage and is expected to expand at a strong CAGR of 27.0% between 2019 and 2023. The market is driven by rising industrial infrastructure and supportive government policies.

China Industrial 3D Printing Market

China’s Industrial 3D printing industry is expected to have an output value of US$ 709.5 Million, or one-third of the global market, by 2019, according to a forecast by the China Industry Information Institute.

Consultancy IDC estimates the country will pour US$1.9 billion into the sector this year. This makes it the third-largest market behind the US and Western Europe.

The growth in the Chinese Industrial 3D Printing Market is augured well by the supporting policies from the Government such as The Ministry of Industry and Information Technology, the industry regulator, had published the National 3D Printing Industry Development Plan (2015-16), which established goals for the sector’s innovation and commercialisation.

Separately, the ministry came up with a second action plan in December 2017 to give a further boost. In its latest move, it included the sector in the country’s strategic emerging industries list, heralding massive opportunities for related companies.

Japan Industrial 3D Printing Market

The market size of the Japanese Industrial 3D Printing market is estimated to be US$ 163.5 Million in 2019 and is expected to record a CAGR growth of 26% to reach a market size of US$ 417 Million in 2023.

The global market share of Japan in the 3D printer market based on the shipment volume at manufacturers accounts for 3.5%. This is likely to decline to 2.0% by 2021.

Currently, the awareness to use 3D printers in Japan is relatively lower than other countries.  However, in recent years, growing number of companies possessing multiple 3D printers in order to create various things have been on the rise in Japan.

In addition, there are demands to replace or upgrade into higher-end printers, as more user companies seemingly eager to use 3D printers after finding out a certain level of advantages in using them.

India Industrial 3D Printing Market

India’s Industrial 3D Printer Market is projected to record US$ 128 Million by 2023 from estimated market size of US$ 49.2 Million in 2019.

Expected domestic production, low cost of manufacturing, and increasing penetration across various applications coupled with Make-in-India campaign would spur 3D printer market in India. 

In India’s 3D printers market, 3D printers have been used primarily is medical, architecture, automotive, industrial, aerospace & military and other applications, where automotive application accounts for largest of the revenue & volume share.

Over the next six years, medical and aerospace & military applications are exhibiting promising growth in India’s 3D printer market, owing to increase in spending towards R&D of aerospace & military related equipment. 

South Korea Industrial 3D Printing Market

The South Korean Industrial 3D Printing market is estimated to be US$ 30 Million in 2019 and is expected to reach a market size of US$ 78 Million in 2023 growing at a CAGR of 27% in the forecast period (2019 to 2023). 

The growth in the market is augured well by the supporting initiatives by the South Korean Government as it plans to invest around $60 million in 2019 to accelerate the development of 3D printing across the country.

The nation’s Ministry of Science, ICT and Future Planning will spend much of the budget on various 3D printing businesses to strengthen South Korea’s competitiveness and ability to meet demand.

Australia Industrial 3D Printing Market

The estimated market size of the Australian Industrial 3D Printing Market Is estimated to be US$ 24 Million in 2019 and is estimated to reach a market size of US$ 63.4 Million in 2023 growing at a CAGR of 24%.

Australia is one of the late adopters of Industrial 3D Printing, hence it is lagging behind its Asian Peers. But the booming manufacturing sector is set to aid the growth of the segment in the country.

Rest of APAC

The rest of APAC constitutes South-East Asian countries such as Indonesia, Thailand, Malaysia, Singapore and Philippines. The estimated market size of the Rest of APAC countries is estimated to be US$ 215 Million in 2019 and expected to record a healthy CAGR of 27% to reach a market size of US$ 559.3 Million in 2023.

The growth in the region is augured well be the rising industrial infrastructure and supporting government policies.

Market Outlook

The market size of the Asia-Pacific 3D Printing is estimated to be US$ 1.27 Billion in 2019 and is expected to record a market size of US$ 3.33 Billion in 2023.

Japan has reported that the country’s overall demand for 3D printing technology was growing, further revealing that total sales within its domestic market reaching a few hundred million making an annual growth of more than 104.4%.

Similarly, the 3D printing in China has also advanced impressively, considering the fact that the country was not amongst the first adopters of this technology.

The plan made by the Chinese government focuses on strengthening the research and development, along with accelerating applications related to 3D printing and its simultaneous adoption in different industry verticals.

MIIT will also be increasing the overall fiscal support for different 3D printing companies, to encourage diverse financing models, comprising of the stock market listings, or the issuing of bonds.

Foreign companies are encouraged by the Chinese government to set up their research and development centers in China, along with a few domestic companies that have already had most of their products recognized internationally.

As the additive manufacturing technology expands in China, so do the risks that are associated with the technology.

Plans are made to combat those risks where, it is proposed that a real-name registration system related to the purchase of additive manufacturing equipment should get established, along with a system for filing information based on the equipment as well as a system for registration or filing of users’ certification.

It is expected to help in curbing criminal activities, like the illegal production of goods that are using 3D printing and the culprits will get punished accordingly as per the law.

China, India, Japan, South Korea, and Australia are some of the key countries that been the major contributors to the growth of Industrial 3D Printing market in Asia Pacific region.

Growth in industries using 3D printing has been key factors to boost the growth of industrial 3D printing in the Asia Pacific region

Technology Roadmap

Creating a More Sustainable Future with 3D Printing

Two of the key factors to additive manufacturing are sustainability and conservation. One of the intrinsic benefits is that scrap material is reduced, if not eliminated.

It is inherently less wasteful than traditional subtractive methods of production and holds the potential to decouple social and economic value creation from the environmental impact of business activities.

Aside from reducing waste, 3D printing also conserves energy. It is found that there are 17 steps required to produce a truck gear using subtractive manufacturing versus the six steps it takes to accomplish the same task with additive manufacturing. With 3D printing, the same product took less than half the energy.

Additionally, by bringing products closer to the customer, 3D printing reduces the need for transporting products and materials, thereby positively affecting the quantity of carbon poured into the atmosphere.

Therefore, the future of 3D printing will lead to a more sustainable future. Additive manufacturing is demonstrating its transformative nature and has already begun to reshape businesses

Distribution Chain Analysis

The 3D printing value-chain is diverse. In the plastics printing market, larger, integrated players cover the entire value chain from supplying materials to manufacturing printers to providing printing services.

While in the metal printing market, relatively small players focus more on certain parts of the value chain, such as in printing equipment or in printing services.

The main advantage of 3-D printing is that it has a shorter value chain, cost and time reductions through the elimination of assembly steps, greater customization and design freedom, and minimal waste.

Materials Suppliers

Many large, established chemical and metal powder companies are already supplying the AM industry. Materials for 3D printing include ceramics, aluminum, titanium, refracted metal, etc. The list of viable AM materials is growing, but many polymers and metal alloys are not yet available or not fully developed for AM.

To succeed, materials providers must create an end-to-end supply chain solution for their materials that includes ensuring full traceability back to the source and offering to recycle used materials.

Equipment Providers

Europe and American big players have dominated the AM equipment industry, but the Asian companies are continuously emerging. Both established AM equipment providers and new entrants are continually improving their systems and developing new technologies that will accelerate the evolution of industrialized AM.

End Users

Across various industries from footwear to aerospace, the users of 3D printing are referred to as AM end users who are extending the scope of AM processes beyond R&D.

Competitive Landscape

There is intense competition in the raw materials supply side while there is also huge competition for manufacturing devices where companies are vying for in the Industrial 3D printing landscape.

Technological competition is another area which is going hand-in-hand with Industrial 3D printing ecosystem between Vat polymerization (Including Stereolithography and Digital Light Projection) and Selective Laser Sintering and High-Speed Sintering.

The companies that use these technologies include inter alia, 3D Systems Corporation, EOS GmbH, HP, Carbon and Mark forged.

The competitive environment that has developed is therefore intense and dynamic, as players often position their technologies to capture demand in various verticals simultaneously. Automotive and consumer electronics are the two major sectors drawing demand for Industrial 3D printing.

Each constituting 21% of revenue share for OEM manufacturers. These sectors are followed by medical and industrial segment respectively where 16% revenue source is generated by the former sector and 13% by the latter sector. Aerospace is the largest emerging segment for OEM manufacturers to cater the demand.

Competitive Factors

Differentiated product offerings with superior model quality

Major competitors are providing differentiated and superior printing qualities with accuracy, print speed, the ability to print a range of materials with varying levels of strength, chemical and heat resistance, color and mechanical properties.

These companies are further fulfilling the ability to print multiple materials simultaneously and suitability for office environments.

Integrated solutions offering/ecosystem

Companies are also providing integrated solutions that include compatible products and services that are designed to meet the full needs in an efficient manner, consisting of a broad range of systems, consumables, and services particularly in medical industry.

Key Market Players

Prismlab China Ltd is a high technology enterprise integrated with optical, mechanical, electrical technology, software and hardware, and meanwhile a professional manufacturer engaged in R&D, manufacturing, selling, and services.

Its product spread across the world. Previously Prismlab was devoted to products making and has achieved the leading level of the world.

Prismlab’s product passed the CE, and was approved by China National Center for Quality Supervision Test of Camera.

In 2013, Prismlab successfully developed the patented SLA 3D Rapid Prototyping printing products and the mating light-sensitive resin, characteristic in its prototyping speed, high precision, and large format size. Now Prismlab has moved into mass production.

Shenzhen MINGDA Technology Co., Ltd, founded in 2009, a high-tech enterprise specializing in the OEM/ODM & sales of 3D printers, owns two series of DIY and Whole professional machines, fully meeting the needs of different users.

The products have passed many international quality and environmental certifications such as CE, FCC, and ROHS, and we export to Europe, the United States, Australia, Russia, and the United Kingdom, Germany, Singapore, Egypt, India more than 180 countries.

Kabuku Inc. provides 3D printing solutions to enterprises, 3D printing operation services for factory users, and a 3D printing marketplace for creators.

It provides its solutions and services through its three service platforms: Rinkak Business, Rinkak Factory, and Rinkak Marketplace. The company has worked with various brands and agencies, including Dentsu, Toyota, Loft, the Conran Shop, Calpis, Fuji TV, TBS, and Hakuhodo.

JAMPT Corporation is mass producer and sells products manufactured using 3D printing technology that laminates metal powders, which is known as “additive manufacturing”.

JAMPT is the first company in Japan to offer an integrated, one-stop service that provides everything from metal powder production, product development using AM machines (3D metal printers), and support for companies seeking product certification.

Stratasys Inc. was incorporated in1998 as a provider of three dimensional (3D) printing and additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts.

Stratasys Ltd was a merger between Stratasys Inc. and Objet Ltd. in 2012. It is a leading global provider of applied additive technology solutions for industries including aerospace, automotive, healthcare, consumer products, and education.

Its 3D printing systems are based on its FDM and PolyJet technologies. The company made revenue of USD 663.2 million in 2018, a decrease of 0.8%, compared to 2017.

The decrease primarily reflects a decrease in products revenues, partially offset by an increase in services revenues. It’s market capitalization was USD 1.36 billion as of 2018. With this market cap, it was considered the world’s third-largest 3D printing manufacturer. The company enjoys a 22% market share worldwide.

Zeal 3D Printing Services offer 3D printing services to medical, architectural, automotive, educational, and general industries. The company provides customized 3D Printing Service. The company is based out of Melbourne, Australia.

Strategic Conclusion

The Market Size of the APAC Industrial 3D Printing market is estimated to be US$ 1.27 Billion in 2019 and is expected to grow at a CAGR of 27% to reach a market size of US$ 3.3 Billion in 2023.

The Market faces challenges in the form of Lack of human capital and Limited production scale

The growth of the APAC Industrial 3D Printing market is restrained by factors such as Complexities associated with the use of 3D printing software, Technological obstacles to large scale adoption and High production costs

The Market is augured well by the driving factors such as Ease of developing customized products, Supporting Government Initiatives, Reduced overall Product Development Cycle Time and Independence from economies of scale.

References

• https://amfg.ai/2019/01/04/3d-printing-trends-2019/
• https://www.idc.com/getdoc.jsp?containerId=AP43136418
• https://tractus3d.com/industries/3d-printing-for-manufacturing/
• https://builder3dprinters.com/knowledgebase/reduce-product-development-with-3d-printing/
• https://www.divbyz.com/industries/product-development
• https://www.jabil.com/insights/blog-main/future-of-3d-printing-additive-manufacturing-looks-bright.html

Appendix

• US$ – US Dollar
• APAC – Asia Pacific Countries
• CAGR – Compounded Annual Growth Rate
• DMLS – Direct Metal Laser Sintering
• SLS – Selective Laser Sintering
• FDM –  Fused Deposition Modelling
• SLA – Stereolithography
• EBM – Electron Beam Melting
• LMD – Laser Metal Deposition
• LOM – Laminated Object Manufacturing
• DLP – Digital Light Processing
• NEDO – New Energy and Industrial Technology Development Organization