India Additive Manufacturing (AM) Market by Technology (Stereolithography, Fused 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, and Others) by Printer Type (Desktop 3D Printer and Industrial 3D Printer) by Material (Polymer, Metal, and Ceramic) by Application (Prototyping, Tooling, and Functional Parts) by Component (Hardware, Software, and Services) and by End-User (Industrial Additive Manufacturing and Desktop Additive Manufacturing) – Opportunity Analysis and Industry Forecast 2023–2030

India Additive Manufacturing (AM) Market

Industry:  Semiconductor & Electronics | Publish Date: Jul 2023 | No of Pages:  77 | No. Tables:  62 | No. Figures:  29

Market Definition

India Additive Manufacturing (AM) Market was valued at USD 0.25 billion in 2022, and is predicted to reach USD 1.79 billion by 2030, with a CAGR of 28.1% from 2023 to 2030. Additive manufacturing, often known as 3D printing, is a manufacturing technology that involves stacking materials to build items. A computer controls this process, which uses data from CAD software or 3D object scanners to direct the machines in moulding the materials. A design is required to begin the additive manufacturing process, which can be developed using CAD software or by scanning an existing product. The design is then converted by the software into a comprehensive blueprint that instructs the 3D printer. The creation of the thing begins after the blueprint is transmitted. The length of time required to finish the additive manufacturing process varies according on the size of the product. Smaller items are often created more swiftly and efficiently.

Diverse Materials and Robust Service Ecosystem Fueling Additive Manufacturing Growth in India

The availability of a wide range of materials suitable for additive manufacturing has boosted market growth in India. Manufacturers can access a variety of plastics, metals, ceramics, and composites, expanding the applications and possibilities of 3D printing. Additionally, the presence of 3D printing service providers and manufacturing bureaus offers convenient access to additive manufacturing capabilities for businesses. Thus, it is expected to create significant growth of the market.

 

Thriving Additive Manufacturing Start-up Ecosystem Accelerating Growth in India

India has witnessed the emergence of numerous start-ups specializing in additive manufacturing such as Objectify Technologies, Pandorum Technologies, and others. These start-ups are driving innovation, developing new applications, and providing localized solutions tailored to the Indian market. Their entrepreneurial spirit and technological expertise contribute to the growth of the additive manufacturing market.

 

Cost Restraints in Additive Manufacturing

The cost of additive manufacturing technologies, including printers, materials, and post-processing equipment is relatively high compared to traditional manufacturing methods. This cost factor may limit the accessibility and adoption of additive manufacturing, particularly for small and medium-sized businesses, which is expected to restrain the growth of the market.

Technological Advancements in Additive Manufacturing Market

Continuous advances in additive manufacturing technology, such as greater printer capabilities, improved materials, and more efficient post-processing procedures, have supported industry expansion. These developments allow for improved quality, faster production, and more application options, driving more sectors to adopt additive manufacturing. As a result, it is expected to create ample opportunities for the future.

 

Competitive Landscape

The additive manufacturing industry includes several market players such as Stratasys, Markforged Holding Corporation, Desktop Metal Inc., Velo3d, Inc., Formlabs Inc., Protolabs., Xometry Inc., Shapeway Holdings Inc., D Systems, General Electric.

KEY BENEFITS

  • The India additive manufacturing market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.

  • The competitive analysis of the market players along with their market share in the India additive manufacturing market.

  • The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

INDIA ADDITIVE MANUFACTURING MARKET KEY SEGMENTS

By Technology

  • Stereolithography

  • Fused 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

  • Others

By Printing Type 

  • Desktop 3D Printer 

  • Industrial 3D Printer

By Material

  • Polymer

  • Metal

  • Ceramic

By Application

  • Prototyping    

  • Tooling    

  • Functional Parts    

By Component

  • Hardware

  • Software

    • Design Software    

    • Inspection Software    

    • Printer Software    

    • Scanning Software    

  • Services

By End-User

  • Industrial Additive Manufacturing

    • Automotive    

    • Aerospace and Defense    

    • Healthcare    

    • Consumer Electronics    

    • Power and Energy    

    • Others    

  • Desktop Additive Manufacturing        

    • Educational Purpose    

    • Fashion and Jewelry    

    • Objects    

    • Dental    

    • Food    

    • Others

Test

1      INTRODUCTION

           1.1      REPORT DESCRIPTION

           1.2      RESEARCH METHODOLOGY

                         1.2.1      SECONDARY RESEARCH

                         1.2.2      DATA ANALYSIS FRAMEWORK

                         1.2.3      MARKET SIZE ESTIMATION

                         1.2.4      FORECASTING

                         1.2.5      PRIMARY RESEARCH AND DATA VALIDATION

2      INDIA ADDITIVE MANUFACTURING (AM) MARKET BY TECHNOLOGY

           2.1      OVERVIEW

           2.2      STEREOLITHOGRAPHY MARKET

           2.3      FUSED DEPOSITION MODELING MARKET

           2.4      SELECTIVE LASER SINTERING MARKET

           2.5      DIRECT METAL LASER SINTERING MARKET

           2.6      POLYJET PRINTING MARKET

           2.7      INKJET PRINTING MARKET

           2.8      ELECTRON BEAM MELTING MARKET

           2.9      LASER METAL DEPOSITION MARKET

           2.10   DIGITAL LIGHT PROCESSING MARKET

           2.11    LAMINATED OBJECT MANUFACTURING MARKET

           2.12    OTHERS MARKET

3      INDIA ADDITIVE MANUFACTURING (AM) MARKET BY PRINTING TYPE

           3.1      OVERVIEW

           3.2      DESKTOP 3D PRINTER MARKET

           3.3      INDUSTRIAL 3D PRINTER MARKET

4      INDIA ADDITIVE MANUFACTURING (AM) MARKET BY MATERIAL

           4.1      OVERVIEW

           4.2      POLYMER MARKET

           4.3      METAL MARKET

           4.4      CERAMIC MARKET

5      INDIA ADDITIVE MANUFACTURING (AM) MARKET BY APPLICATION

           5.1      OVERVIEW

           5.2      PROTOTYPING MARKET

           5.3      TOOLING MARKET

           5.4      FUNCTIONAL PARTS MARKET

6      INDIA ADDITIVE MANUFACTURING (AM) MARKET BY COMPONENT

           6.1      OVERVIEW

           6.2      HARDWARE MARKET

           6.3      SOFTWARE MARKET

                         6.3.1      DESIGN SOFTWARE

                         6.3.2      INSPECTION SOFTWARE

                         6.3.3      PRINTER SOFTWARE

                         6.3.4      SCANNING SOFTWARE

           6.4      SERVICES MARKET

7      INDIA ADDITIVE MANUFACTURING (AM) MARKET BY END-USER

           7.1      OVERVIEW

           7.2      INDUSTRIAL ADDITIVE MANUFACTURING MARKET

                         7.2.1      AUTOMOTIVE

                         7.2.2      AEROSPACE AND DEFENSE

                         7.2.3      HEALTHCARE

                         7.2.4      CONSUMER ELECTRONICS

                         7.2.5      POWER AND ENERGY

                         7.2.6      OTHERS

           7.3      DESKTOP ADDITIVE MANUFACTURING MARKET

                         7.3.1      EDUCATIONAL PURPOSE

                         7.3.2      FASHION AND JEWELRY

                         7.3.3      OBJECTS

                         7.3.4      DENTAL

                         7.3.5      FOOD

                         7.3.6      OTHERS

8      COMPANY PROFILES

           8.1   STRATASYS

                         8.1.1   COMPANY OVERVIEW

                         8.1.2   COMPANY SNAPSHOT

                         8.1.3   OPERATING BUSINESS SEGMENTS

                         8.1.4   PRODUCT PORTFOLIO

                         8.1.5   BUSINESS PERFORMANCE

                         8.1.6   BUSINESS SEGMENTS

                         8.1.7   GEOGRAPHIC SEGMENTS

                         8.1.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.1.9   PRIMARY MARKET COMPETITORS

           8.2   MARKFORGED HOLDING CORPORATION

                         8.2.1   COMPANY OVERVIEW

                         8.2.2   COMPANY SNAPSHOT

                         8.2.3   OPERATING BUSINESS SEGMENTS

                         8.2.4   PRODUCT PORTFOLIO

                         8.2.5   BUSINESS PERFORMANCE

                         8.2.6   BUSINESS SEGMENTS

                         8.2.7   GEOGRAPHIC SEGMENTS

                         8.2.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.2.9   PRIMARY MARKET COMPETITORS

           8.3   DESKTOP METAL INC.

                         8.3.1   COMPANY OVERVIEW

                         8.3.2   COMPANY SNAPSHOT

                         8.3.3   OPERATING BUSINESS SEGMENTS

                         8.3.4   PRODUCT PORTFOLIO

                         8.3.5   BUSINESS PERFORMANCE

                         8.3.6   BUSINESS SEGMENTS

                         8.3.7   GEOGRAPHIC SEGMENTS

                         8.3.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.3.9   PRIMARY MARKET COMPETITORS

           8.4   VELO3D, INC.

                         8.4.1   COMPANY OVERVIEW

                         8.4.2   COMPANY SNAPSHOT

                         8.4.3   OPERATING BUSINESS SEGMENTS

                         8.4.4   PRODUCT PORTFOLIO

                         8.4.5   BUSINESS PERFORMANCE

                         8.4.6   BUSINESS SEGMENTS

                         8.4.7   GEOGRAPHIC SEGMENTS

                         8.4.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.4.9   PRIMARY MARKET COMPETITORS

           8.5   FORMLABS INC.

                         8.5.1   COMPANY OVERVIEW

                         8.5.2   COMPANY SNAPSHOT

                         8.5.3   OPERATING BUSINESS SEGMENTS

                         8.5.4   PRODUCT PORTFOLIO

                         8.5.5   BUSINESS PERFORMANCE

                         8.5.6   BUSINESS SEGMENTS

                         8.5.7   GEOGRAPHIC SEGMENTS

                         8.5.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.5.9   PRIMARY MARKET COMPETITORS

           8.6   PROTOLABS

                         8.6.1   COMPANY OVERVIEW

                         8.6.2   COMPANY SNAPSHOT

                         8.6.3   OPERATING BUSINESS SEGMENTS

                         8.6.4   PRODUCT PORTFOLIO

                         8.6.5   BUSINESS PERFORMANCE

                         8.6.6   BUSINESS SEGMENTS

                         8.6.7   GEOGRAPHIC SEGMENTS

                         8.6.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.6.9   PRIMARY MARKET COMPETITORS

           8.7   XOMETRY INC.

                         8.7.1   COMPANY OVERVIEW

                         8.7.2   COMPANY SNAPSHOT

                         8.7.3   OPERATING BUSINESS SEGMENTS

                         8.7.4   PRODUCT PORTFOLIO

                         8.7.5   BUSINESS PERFORMANCE

                         8.7.6   BUSINESS SEGMENTS

                         8.7.7   GEOGRAPHIC SEGMENTS

                         8.7.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.7.9   PRIMARY MARKET COMPETITORS

           8.8   SHAPEWAY HOLDINGS INC.

                         8.8.1   COMPANY OVERVIEW

                         8.8.2   COMPANY SNAPSHOT

                         8.8.3   OPERATING BUSINESS SEGMENTS

                         8.8.4   PRODUCT PORTFOLIO

                         8.8.5   BUSINESS PERFORMANCE

                         8.8.6   BUSINESS SEGMENTS

                         8.8.7   GEOGRAPHIC SEGMENTS

                         8.8.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.8.9   PRIMARY MARKET COMPETITORS

           8.9   3D SYSTEMS

                         8.9.1   COMPANY OVERVIEW

                         8.9.2   COMPANY SNAPSHOT

                         8.9.3   OPERATING BUSINESS SEGMENTS

                         8.9.4   PRODUCT PORTFOLIO

                         8.9.5   BUSINESS PERFORMANCE

                         8.9.6   BUSINESS SEGMENTS

                         8.9.7   GEOGRAPHIC SEGMENTS

                         8.9.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.9.9   PRIMARY MARKET COMPETITORS

           8.10   GENERAL ELECTRIC

                         8.10.1   COMPANY OVERVIEW

                         8.10.2   COMPANY SNAPSHOT

                         8.10.3   OPERATING BUSINESS SEGMENTS

                         8.10.4   PRODUCT PORTFOLIO

                         8.10.5   BUSINESS PERFORMANCE

                         8.10.6   BUSINESS SEGMENTS

                         8.10.7   GEOGRAPHIC SEGMENTS

                         8.10.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.10.9   PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY TECHNOLOGY, 2021-2030, MILLION USD

TABLE 2. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY PRINTER TYPE, 2021-2030, MILLION USD

TABLE 3. INDIA ADDITIVE MANUFACTURING MARKET VOLUME, BY PRINTER TYPE, 2021-2030, UNITS

TABLE 4. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY MATERIAL, 2021-2030, MILLION USD

TABLE 5. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

TABLE 6. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY COMPONENT, 2021-2030, MILLION USD

TABLE 7. INDIA SOFTWARE MARKET VALUE, BY COMPONENT, 2021-2030, MILLION USD

TABLE 8. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY END-USER, 2021-2030, MILLION USD

TABLE 9. INDIA INDUSTRIAL ADDITIVE MANUFACTURING MARKET VALUE, BY END-USER, 2021-2030, MILLION USD

TABLE 10. INDIA DESKTOP ADDITIVE MANUFACTURING MARKET VALUE, BY END-USER, 2021-2030, MILLION USD

TABLE 11. STRATASYS: COMPANY SNAPSHOT

TABLE 12. STRATASYS: OPERATING SEGMENTS

TABLE 13. STRATASYS: PRODUCT PORTFOLIO

TABLE 14. STRATASYS: BUSINESS SEGMENT

TABLE 15. STRATASYS: GEOGRAPHIC SEGMENT

TABLE 16. STRATASYS: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 17. MARKFORGED HOLDING CORPORATION: COMPANY SNAPSHOT

TABLE 18. MARKFORGED HOLDING CORPORATION: OPERATING SEGMENTS

TABLE 19. MARKFORGED HOLDING CORPORATION: PRODUCT PORTFOLIO

TABLE 20. MARKFORGED HOLDING CORPORATION: BUSINESS SEGMENT

TABLE 21. MARKFORGED HOLDING CORPORATION: GEOGRAPHIC SEGMENT

TABLE 22. MARKFORGED HOLDING CORPORATION: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 23. DESKTOP METAL INC.: COMPANY SNAPSHOT

TABLE 24. DESKTOP METAL INC.: PRODUCT PORTFOLIO

TABLE 25. DESKTOP METAL INC.: GEOGRAPHIC SEGMENT

TABLE 26. DESKTOP METAL INC.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 27. VELO3D, INC.: COMPANY SNAPSHOT

TABLE 28. VELO3D, INC.: OPERATING SEGMENTS

TABLE 29. VELO3D, INC.: PRODUCT PORTFOLIO

TABLE 30. VELO3D, INC.: BUSINESS SEGMENT

TABLE 31. VELO3D, INC.: GEOGRAPHIC SEGMENT

TABLE 32. VELO3D, INC.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 33. FORMLABS INC.: COMPANY SNAPSHOT

TABLE 34. FORMLABS INC.: PRODUCT PORTFOLIO

TABLE 35. FORMLABS INC.: KEY STRATEGIC MOVES & DEVELOPMENT

TABLE 36. PROTOLABS: COMPANY SNAPSHOT

TABLE 37. PROTOLABS: OPERATING SEGMENTS

TABLE 38. PROTOLABS: PRODUCT PORTFOLIO

TABLE 39. PROTOLABS: BUSINESS SEGMENT

TABLE 40. PROTOLABS: GEOGRAPHIC SEGMENT

TABLE 41. PROTOLABS: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 42. XOMETRY INC.: COMPANY SNAPSHOT

TABLE 43. XOMETRY INC.: PRODUCT PORTFOLIO

TABLE 44. XOMETRY INC.: GEOGRAPHIC SEGMENT

TABLE 45. XOMETRY INC.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 46. SHAPEWAY HOLDINGS INC.: COMPANY SNAPSHOT

TABLE 47. SHAPEWAY HOLDING INC.: OPERATING SEGMENTS

TABLE 48. SHAPEWAY HOLDINGS INC.: PRODUCT PORTFOLIO

TABLE 49. SHAPEWAY HOLDINGS INC.: BUSINESS SEGMENT

TABLE 50. SHAPEWAY HOLDINGS INC.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 51.D SYSTEMS: COMPANY SNAPSHOT

TABLE 52.D SYSTEMS: OPERATING SEGMENTS

TABLE 53.D SYSTEMS: PRODUCT PORTFOLIO

TABLE 54.D SYSTEMS: BUSINESS SEGMENT

TABLE 55.D SYSTEMS: GEOGRAPHIC SEGMENT

TABLE 56.D SYSTEMS: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 57. GENERAL ELECTRIC: COMPANY SNAPSHOT

TABLE 58. GENERAL ELECTRIC: OPERATING SEGMENTS

TABLE 59. GENERAL ELECTRIC: PRODUCT PORTFOLIO

TABLE 60. GENERAL ELECTRIC: BUSINESS SEGMENT

TABLE 61. GENERAL ELECTRIC: GEOGRAPHIC SEGMENT

TABLE 62. GENERAL ELECTRIC: KEY STRATEGIC MOVES & DEVELOPMENTS

LIST OF FIGURES

FIGURE 1. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY TECHNOLOGY, 2021-2030, MILLION USD

FIGURE 2. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY PRINTER TYPE, 2021-2030, MILLION USD

FIGURE 3. INDIA ADDITIVE MANUFACTURING MARKET VOLUME, BY PRINTER TYPE, 2021-2030, UNITS

FIGURE 4. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY MATERIAL, 2021-2030, MILLION USD

FIGURE 5. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

FIGURE 6. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY COMPONENT, 2021-2030, MILLION USD

FIGURE 7. INDIA SOFTWARE MARKET VALUE, BY COMPONENT, 2021-2030, MILLION USD

FIGURE 8. INDIA ADDITIVE MANUFACTURING MARKET VALUE, BY END-USER, 2021-2030, MILLION USD

FIGURE 9. INDIA INDUSTRIAL ADDITIVE MANUFACTURING MARKET VALUE, BY END-USER, 2021-2030, MILLION USD

FIGURE 10. INDIA DESKTOP ADDITIVE MANUFACTURING MARKET VALUE, BY END-USER, 2021-2030, MILLION USD

FIGURE 11. STRATASYS: NET SALES, 2019–2021 ($MILLION)

FIGURE 12. STRATASYS: PRIMARY MARKET COMPETITORS

FIGURE 13. MARKFORGED HOLDING CORPORATION: NET SALES, 2019–2021 ($MILLION)

FIGURE 14. MARKFORGED HOLDING CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 15. DESKTOP METAL INC.: NET SALES, 2019–2021 ($MILLION)

FIGURE 16. DESKTOP METAL INC.: PRIMARY MARKET COMPETITORS

FIGURE 17. VELO3D, INC.: NET SALES, 2019–2021 ($MILLION)

FIGURE 18. VELO3D, INC.: PRIMARY MARKET COMPETITORS

FIGURE 19. FORMLABS INC.: PRIMARY MARKET COMPETITORS

FIGURE 20. PROTOLABS: NET SALES, 2017–2019 ($MILLION)

FIGURE 21. PROTOLABS: PRIMARY MARKET COMPETITORS

FIGURE 22. XOMETRY: NET SALES, 2019–2021 ($MILLION)

FIGURE 23. XOMETRY INC.: PRIMARY MARKET COMPETITORS

FIGURE 24. SHAPEWAY HOLDINGS INC.: NET SALES, 2019–2021 ($MILLION)

FIGURE 25. SHAPEWAYS HOLDING INC.: PRIMARY MARKET COMPETITORS

FIGURE 26.D SYSTEMS: NET SALES, 2019–2021 ($MILLION)

FIGURE 27.D SYSTEMS: PRIMARY MARKET COMPETITORS

FIGURE 28. GENERAL ELECTRIC: NET SALES, 2019–2021 ($MILLION)

FIGURE 29. GENERAL ELECTRIC: PRIMARY MARKET COMPETITORS

KEY PLAYERS

  • Stratasys

  • Markforged Holding Corporation

  • Desktop Metal Inc.

  • Velo3d, Inc.

  • Formlabs Inc.

  • Protolabs.

  • Xometry Inc.

  • Shapeway Holdings Inc.

  • D Systems

  • General Electric


Frequently Asked Questions
What will be the worth of India additive manufacturing market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the India additive manufacturing market business is expected to hit at $1.79 billion (USD) by 2030.

Which are the top companies in the India additive manufacturing industry?

Stratasys, Markforged Holding Corporation, Desktop Metal Inc., Velo3d, Inc., Formlabs Inc., Protolabs., Xometry Inc., Shapeway Holdings Inc., D Systems, General Electric.

What are the market segmentations and scope of the study?

The India additive manufacturing market share analysis is based on technology, printing type, material, application, component, and end-user.

What are the factors boosting the growth of the India additive manufacturing market?

The expansion of the additive manufacturing market in India is being propelled by several driving factors. Firstly, the availability of diverse materials and a robust service ecosystem contribute to its growth in the country. Additionally, the thriving ecosystem of additive manufacturing start-ups is playing a crucial role in accelerating its adoption and expansion in India. Finally, continuous technological advancements in the additive manufacturing sector further fuel its growth in the Indian market.

What are the factors restraining the growth of the India additive manufacturing market?

The factors hindering the growth of the India additive manufacturing market are high-cost and skilled workforce shortage.