Asia Pacific 3D Printing Market Report and Forecast 2024-2032

Asia Pacific 3D Printing Market Outlook

The Asia Pacific 3D printing market size was valued at USD 6.03 billion in 2023. The market is further projected to grow at a CAGR of 18.4% between 2024 and 2032, reaching a value of USD 27.51 billion by 2032.

Key Takeaways

• The Asia Pacific 3D printing market growth is attributed to the rapid adoption of additive manufacturing (AM) in the region, driven by developments and upgrades across the manufacturing industry. The region is also emerging as a manufacturing hub for the automotive and healthcare industries, contributing to the rising demand for 3D printing.

• As per industry reports, China became the largest 3D printing market with an output value of USD 7.68 billion, or one-third of the global market in 2020.

• The Chinese government has issued the 'Additive Manufacturing Industry Development Action Plan' as part of the 'Made in China 2025' strategic roadmap, aiming to make China one of the leading 3D printing nations.

• India is also investing in 3D printing, with the government releasing a national strategy to encourage collaboration between academia, government, and industry. The strategy aims to contribute nearly USD 1 billion to the GDP by 2025.

One of the key trends aiding the expansion of the 3D printing market is the increasing adoption of 3D printing technology across various industries. For instance, in the healthcare industry, 3D printing is being used to create medical implants, prosthetics, and wearable devices, driving the demand for 3D printing in the region.

Additionally, supportive government initiatives and a focus on education and research are contributing to the growth of the 3D printing market in the Asia Pacific region. For example, the Philippines has established the Advanced Manufacturing Center (AMCen) in 2021, a research facility for additive manufacturing, to strengthen the advanced manufacturing sector.

Amongst technologies, stereolithography (SLA) commands a significant Asia Pacific 3D printing market share. This technology is preferred in industries like healthcare, automotive, and aerospace, where the production of intricate and highly detailed components is crucial.

The popularity of Selective Laser Sintering (SLS) technology is propelled by its versatility in working with a diverse range of materials, including plastics, metals, and ceramics. This adaptability has made it indispensable in industries requiring end-use parts. Its ability to produce robust, high-strength components has positioned SLS as a key player in the 3D printing landscape.

Direct Metal Laser Sintering (DMLS) and Electron Beam Melting (EBM) have secured their foothold in industries demanding metal components. These technologies have found applications in aerospace, healthcare, and automotive sectors where the strength-to-weight ratio and material integrity are critical factors.

Inkjet Printing and Polyjet Printing, known for their ability to produce multi-material and full-colour prototypes, have contributed significantly to the 3D printing market's diversification. These technologies have become essential in industries where aesthetics and intricate designs are paramount, such as consumer goods and fashion.

Market Segmentation

Asia Pacific 3D Printing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

• Hardware

• Software

• Services

Market Breakup by Printer Type

• Desktop 3D Printer

• Industrial Printer

Market Breakup by Technology

• Stereolithography

• Fuse Deposition Modelling (FDM)

• Selective Laser Sintering (SLS)

• Direct Metal Laser Sintering (DMLS)

• Polyjet Printing

• Electron Beam Melting (EBM)

• Digital Light Processing

• Others

Market Breakup by Material

• Polymer

• Metal

• Ceramic

• Others

Market Breakup by Process

• Binder Jetting

• Material Extrusion

• Material Jetting

• Powder Bed Fusion

• Vat Photopolymerisation

• Others

Market Breakup by Application

• Prototyping

• Tooling

• Functional Parts

Market Breakup by Industry Vertical

• Automotive

• Aerospace and Defence

• Healthcare

• Consumer Electronics

• Education

• Power and Energy

• Others

Market Breakup by Country

• China

• Japan

• India

• ASEAN

• Australia

• Others

Competitive Landscape

Market players are focused on technological advancements, cost-efficiency, customisation demands, and sustainability.

• HP Inc.

• EOS GmbH

• Tiertime Corporation

• Stratasys Ltd.

• Materialise NV

• BASF SE

• SLM Solutions AG

• Additive3D Asia

• Nano Dimension Ltd.

• ExOne Operating, LLC

• Others

Key Highlights of the Report