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ASIA-PACIFIC 3D PRINTING MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific 3D Printing Market by Component (Hardware, Software, Services) Market by Technology (Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing) Market by Industry Vertical (Automotive, Aerospace & Defense, Healthcare, Consumer Electronics, Industrial Products, Power & Energy, Other Industry Verticals) Market by Application (Prototyping, Tooling, Low-volume Manufacturing, Healthcare & Biomedical Devices, Art & Design, Other Applications) Market by Material Type (Plastic, Photopolymer, Metals and Metal Alloys, Ceramics, Other Material Types) by Geography


MARKET OVERVIEW

The Asia-Pacific 3D printing market is estimated to be valued at $29335.90 million by 2032, growing at a 19.19% CAGR between the forecasted years 2023 and 2032.

Asian countries are highly regarded for their cost-effective solutions and expansive manufacturing capabilities. Numerous businesses are strategically expanding their operations in order to leverage these advantages. The presence of market participants in the region and their significant technological innovations and progress contribute to the promising growth potential for the 3D printing industry within the Asia-Pacific region.

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The Asia-Pacific 3D printing market growth evaluation includes the analysis of the Philippines, Taiwan, Japan, Indonesia, Australia & New Zealand, China, Malaysia, Singapore, Thailand, South Korea, Hong Kong, India, Vietnam, and Rest of Asia-Pacific. Substantial progress in the 3D printing industry within the country is anticipated to contribute to the growth of the China 3D printing market during the forecast period. In 2022, a group of researchers from Beijing’s Tsinghua University announced plans to construct a 594-foot-tall dam utilizing robotics, 3D printing, and artificial intelligence. Experts predict that the dam will generate 5 billion kWh of power annually, eliminating the need for direct human labor during construction and providing energy to 50 million homes in China.

On the other hand, India’s manufacturing sector is among the fastest-growing worldwide, with the demand for mass customization of products expected to increase significantly during the forecast period. The country’s automotive, defense, aerospace, and aviation industries are witnessing a surge in 3D printing applications. Factors such as enhanced customizability, reduced errors, zero material waste, cost-effective development, and faster turnaround times have contributed to the increasing adoption of 3D printing in recent years, driving the market growth.

In the aerospace industry, the rising demand for high-performance polymers that can be 3D printed serves as a key factor in driving market expansion in India. The growing need for lightweight aircraft components, driven by the increased demand for airplanes to accommodate more passengers and cargo, has led to the widespread adoption of additive manufacturing in producing aircraft components.

The Asia-Pacific 3D printing market segmentation analysis entails technology, application, component, material type, and industry verticle. Market by industry vertical covers healthcare, power & energy, consumer electronics, industrial products, automotive, aerospace & defense, and other industry verticals.

As demand for 3D printing materials rises, their adoption within the automotive industry is expected to grow, with costs becoming more rationalized. Demand for 3D printing is anticipated to increase as prices decline in price-sensitive regions that may be reluctant to adopt capital-intensive technologies.

In contrast, the primary motivation for adopting additive manufacturing (AM) technology in the aerospace and defense industry stems from its capacity to produce intricate, hollow parts, ultimately reducing the overall weight of components. By utilizing a diverse range of printing materials, including thermoplastics, metals, and metal alloys, 3D printing enables the fabrication of lightweight components that enhance aircraft fuel efficiency.

Leading players operating in the Asia-Pacific 3D printing market include HP Inc, 3D Systems Inc, Autodesk Inc, etc. 

HP Inc (HP or the company) is a leading provider of personal computing devices, imaging and printing products, and related technologies, solutions, and services. The company operates through three business segments: personal systems, printing, and corporate investments. Its portfolio includes commercial and consumer personal computers (PCs), workstations, tablets, mobility devices, retail point-of-sale (POS) systems, displays, accessories, software, support and services, media, and scanning devices.

HP caters to a diverse clientele, including small and medium-sized businesses, individual consumers, and large enterprises across various sectors such as healthcare, government, and education. The company has a global presence in over 189 countries across the Americas, Africa, Europe, the Middle East, and Asia-Pacific. HP’s headquarters are located in California, United States.

HP employs Multi Jet Fusion technology, which utilizes 3D printing capabilities to complement CNC, injection molding, additive manufacturing, and powder-based technologies. This innovative approach enhances the company’s product offerings and further strengthens its position in the market.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Component, Technology, Industry Verticle, Material Type, and Application
Countries AnalyzedChina, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Philippines, Taiwan, Hong Kong, Malaysia, Singapore, Australia & New Zealand, and Rest of Asia-Pacific.
Companies Analyzed3D Systems Inc, Arkema SA, Autodesk Inc, BASF SE (BASF 3D Printing Solutions GmbH), Covestro AG, EOS GmbH Electro Optical Systems (EOS), Evonik Industries AG, ExOne (Desktop Metal Inc), Formlabs, GE Additive, Höganäs AB, HP Inc, Markforged, Materialise NV, Optomec Inc, Organovo Holdings Inc, Renishaw PLC, SLM Solutions, Stratasys Ltd, voxeljet AG

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. MARKET DEFINITION
    2. KEY DRIVERS
      1. GROWING USE OF 3D PRINTING FOR ENHANCED MANUFACTURING EFFICIENCY
      2. SUBSTANTIAL BENEFITS OVER TRADITIONAL METHODS
      3. UTILIZATION OF MULTIPLE MATERIALS FOR PRINTING
      4. MINIMIZING HUMAN ERRORS
      5. 3D PRINTING FACILITATES CUSTOMIZATION AND INNOVATION
      6. 3D PRINTING SAVES COST AND TIME
      7. RISING USE OF 3D PRINTING TECHNOLOGY IN VARIOUS INDUSTRIES
    3. KEY RESTRAINTS
      1. SHORTAGE OF SKILLED LABOR
      2. IMPLEMENTATION COSTS FOR INDIVIDUAL CONSUMERS
      3. LEGAL RISKS AND REGULATION STANDARDS
      4. WEAK STRUCTURAL DESIGN
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON 3D PRINTING MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. SUPPLY CHAIN ANALYSIS
    6. SECTOR-WISE ADOPTION OF 3D PRINTING
    7. REGULATORY FRAMEWORK
  5. MARKET BY COMPONENT
    1. HARDWARE
    2. SOFTWARE
    3. SERVICES
  6. MARKET BY TECHNOLOGY
    1. STEREOLITHOGRAPHY
    2. FUSE DEPOSITION MODELING (FDM)
    3. SELECTIVE LASER SINTERING (SLS)
    4. DIRECT METAL LASER SINTERING (DMLS)
    5. POLYJET PRINTING
    6. INKJET PRINTING
    7. ELECTRON BEAM MELTING (EBM)
    8. LASER METAL DEPOSITION (LMD)
    9. DIGITAL LIGHT PROCESSING (DLP)
    10. LAMINATED OBJECT MANUFACTURING (LOM)
  7. MARKET BY INDUSTRY VERTICAL
    1. AUTOMOTIVE
    2. AEROSPACE & DEFENSE
    3. HEALTHCARE
    4. CONSUMER ELECTRONICS
    5. INDUSTRIAL PRODUCTS
    6. POWER & ENERGY
    7. OTHER INDUSTRY VERTICALS
  8. MARKET BY APPLICATION
    1. PROTOTYPING
    2. TOOLING
    3. LOW-VOLUME MANUFACTURING
    4. HEALTHCARE & BIOMEDICAL DEVICES
    5. ART & DESIGN
    6. OTHER APPLICATIONS
  9. MARKET BY MATERIAL TYPE
    1. PLASTIC
    2. PHOTOPOLYMER
    3. METALS AND METAL ALLOYS
    4. CERAMICS
    5. OTHER MATERIAL TYPES
  10. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. CHINA
        2. JAPAN
        3. INDIA
        4. SOUTH KOREA
        5. INDONESIA
        6. THAILAND
        7. VIETNAM
        8. PHILIPPINES
        9. TAIWAN
        10. HONG KONG
        11. MALAYSIA
        12. SINGAPORE
        13. AUSTRALIA & NEW ZEALAND
        14. REST OF ASIA-PACIFIC
  11. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. 3D SYSTEMS INC
      2. ARKEMA SA
      3. AUTODESK INC
      4. BASF SE (BASF 3D PRINTING SOLUTIONS GMBH)
      5. COVESTRO AG
      6. EOS GMBH ELECTRO OPTICAL SYSTEMS (EOS)
      7. EVONIK INDUSTRIES AG
      8. EXONE (DESKTOP METAL INC)
      9. FORMLABS
      10. GE ADDITIVE
      11. HÖGANÄS AB
      12. HP INC
      13. MARKFORGED
      14. MATERIALISE NV
      15. OPTOMEC INC
      16. ORGANOVO HOLDINGS INC
      17. RENISHAW PLC
      18. SLM SOLUTIONS
      19. STRATASYS LTD
      20. VOXELJET AG

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ASIA-PACIFIC 3D PRINTING MARKET

TABLE 2: TYPES OF MATERIALS USED IN 3D PRINTING

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: ASIA-PACIFIC 3D PRINTING MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC 3D PRINTING MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC 3D PRINTING MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC 3D PRINTING MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC 3D PRINTING MARKET, BY INDUSTRY VERTICAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC 3D PRINTING MARKET, BY INDUSTRY VERTICAL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC 3D PRINTING MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC 3D PRINTING MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC 3D PRINTING MARKET, BY MATERIAL TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC 3D PRINTING MARKET, BY MATERIAL TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: ASIA-PACIFIC 3D PRINTING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: ASIA-PACIFIC 3D PRINTING MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: LEADING PLAYERS OPERATING IN ASIA-PACIFIC 3D PRINTING MARKET

TABLE 17: LIST OF MERGERS & ACQUISITIONS

TABLE 18: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 19: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 20: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: ASIA-PACIFIC 3D PRINTING MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022

FIGURE 5: ASIA-PACIFIC 3D PRINTING MARKET, BY HARDWARE, 2023-2032 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC 3D PRINTING MARKET, BY SOFTWARE, 2023-2032 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC 3D PRINTING MARKET, BY SERVICES, 2023-2032 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC 3D PRINTING MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022

FIGURE 9: ASIA-PACIFIC 3D PRINTING MARKET, BY STEREOLITHOGRAPHY, 2023-2032 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC 3D PRINTING MARKET, BY FUSE DEPOSITION MODELING (FDM), 2023-2032 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC 3D PRINTING MARKET, BY SELECTIVE LASER SINTERING (SLS), 2023-2032 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC 3D PRINTING MARKET, BY DIRECT METAL LASER SINTERING (DMLS), 2023-2032 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC 3D PRINTING MARKET, BY POLYJET PRINTING, 2023-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC 3D PRINTING MARKET, BY INKJET PRINTING, 2023-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC 3D PRINTING MARKET, BY ELECTRON BEAM MELTING (EBM), 2023-2032 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC 3D PRINTING MARKET, BY LASER METAL DEPOSITION (LMD), 2023-2032 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC 3D PRINTING MARKET, BY DIGITAL LIGHT PROCESSING (DLP), 2023-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC 3D PRINTING MARKET, BY LAMINATED OBJECT MANUFACTURING (LOM), 2023-2032 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC 3D PRINTING MARKET, GROWTH POTENTIAL, BY INDUSTRY VERTICAL, IN 2022

FIGURE 20: ASIA-PACIFIC 3D PRINTING MARKET, BY AUTOMOTIVE, 2023-2032 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC 3D PRINTING MARKET, BY AEROSPACE & DEFENSE, 2023-2032 (IN $ MILLION)

FIGURE 22: ASIA-PACIFIC 3D PRINTING MARKET, BY HEALTHCARE, 2023-2032 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC 3D PRINTING MARKET, BY CONSUMER ELECTRONICS, 2023-2032 (IN $ MILLION)

FIGURE 24: ASIA-PACIFIC 3D PRINTING MARKET, BY INDUSTRIAL PRODUCTS, 2023-2032 (IN $ MILLION)

FIGURE 25: ASIA-PACIFIC 3D PRINTING MARKET, BY POWER & ENERGY, 2023-2032 (IN $ MILLION)

FIGURE 26: ASIA-PACIFIC 3D PRINTING MARKET, BY OTHER INDUSTRY VERTICALS, 2023-2032 (IN $ MILLION)

FIGURE 27: ASIA-PACIFIC 3D PRINTING MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 28: ASIA-PACIFIC 3D PRINTING MARKET, BY PROTOTYPING, 2023-2032 (IN $ MILLION)

FIGURE 29: ASIA-PACIFIC 3D PRINTING MARKET, BY TOOLING, 2023-2032 (IN $ MILLION)

FIGURE 30: ASIA-PACIFIC 3D PRINTING MARKET, BY LOW-VOLUME MANUFACTURING, 2023-2032 (IN $ MILLION)

FIGURE 31: ASIA-PACIFIC 3D PRINTING MARKET, BY HEALTHCARE & BIOMEDICAL DEVICES, 2023-2032 (IN $ MILLION)

FIGURE 32: ASIA-PACIFIC 3D PRINTING MARKET, BY ART & DESIGN, 2023-2032 (IN $ MILLION)

FIGURE 33: ASIA-PACIFIC 3D PRINTING MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 34: ASIA-PACIFIC 3D PRINTING MARKET, GROWTH POTENTIAL, BY MATERIAL TYPE, IN 2022

FIGURE 35: ASIA-PACIFIC 3D PRINTING MARKET, BY PLASTIC, 2023-2032 (IN $ MILLION)

FIGURE 36: ASIA-PACIFIC 3D PRINTING MARKET, BY PHOTOPOLYMER, 2023-2032 (IN $ MILLION)

FIGURE 37: ASIA-PACIFIC 3D PRINTING MARKET, BY METALS AND METAL ALLOYS, 2023-2032 (IN $ MILLION)

FIGURE 38: ASIA-PACIFIC 3D PRINTING MARKET, BY CERAMICS, 2023-2032 (IN $ MILLION)

FIGURE 39: ASIA-PACIFIC 3D PRINTING MARKET, BY OTHER MATERIAL TYPES, 2023-2032 (IN $ MILLION)

FIGURE 40: ASIA-PACIFIC 3D PRINTING MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 41: CHINA 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: JAPAN 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: INDIA 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 44: SOUTH KOREA 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 45: INDONESIA 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 46: THAILAND 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 47: VIETNAM 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 48: PHILIPPINES 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 49: TAIWAN 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 50: HONG KONG 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 51: MALAYSIA 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 52: SINGAPORE 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 53: AUSTRALIA & NEW ZEALAND 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 54: REST OF ASIA-PACIFIC 3D PRINTING MARKET, 2023-2032 (IN $ MILLION)

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