3D Printing in India: Market Growth in 2025 & Industry Trends
The 3D printing market has been gaining attention over the past few years because of its increased demand across the globe. The market size of 3D printing earlier held a valuation of USD 20.37 billion and by 2025 it is likely to register at 23.5% CAGR which is indeed the finest growth ever. The research and development along with its demand in industry verticals like automotive, healthcare, and even defense could be the primary reason for its market growth. Let us have a look at the market growth that 3D printing services is likely to make in coming years with some industrial trends too.
The revolution in 3D printing market growth
Multiple reasons brought a revolution to the 3D printing market like the low cost of manufacture, better investments in additive manufacturing, and customized product developments. The governments are investing in R&D of 3D printing at a favorable speed which would benefit the technology. One such fine example is of Indian government which is likely to boost the GDP by 3 million USD by 2025 and gain a 3D printing market hold at 5%. The government aims to create more than 50 different machines, software, and materials in India to set the country as a primary manufacturing center of 3D printing design.
3D Printing Market Growth in 2025
There have been recent developments in 3D marketing services like printing resolution, advancement of materials, and automation. Besides, new materials are introduced like stainless steel and carbon fiber that offer durability with temperature resistance features. Introducing resin has resulted in more light yet durable parts production that improves technical working. This is one reason that has made printing with 3D more accurate and in demand especially in automation.
The cost of starting with 3D printing can be quite high. This includes the price of the machines, materials, software, certifications, and training for workers. However, industrial desktop 3D printers are becoming more popular, which helps lower these high initial costs. Desktop printers are cheaper and easier to get than big 3D printers. This makes it easier for more people to start using 3D printing, which will help the market grow in 2025.
Top Industry Trends in the Market of 3D Printing
Over the past few years, the use of 3D printing services has increased more in the different manufacturing sectors which has empowered the manufacturing prototype and also the creation of the tool resulting in fine ready-to-use parts.
Industries like consumer goods, fashion, and healthcare are starting to use 3D printing more because it allows them to make lots of customized products. This means they can create personalized items for many people, which is something more and more people want.
With 3D printing, industry 4.0 is gaining importance since it is directly associated with and interferes with different digital technologies like IoT device integration and boost analytics to name some.
Large-scale 3D printing is also growing, making it possible to create big objects like airplane parts or buildings. This can change how big things are made in the future.
Conclusion
The deployment of 3D printing right from installation services to customer support and licensing management has made a significant difference. Indeed manufacturing industry has gained tremendous profit because of its incredible features right from designing to modeling while saving time and production. 3D Engineering Automation LLP is the right platform to avail the advantages of 3D printing services that are projected to boost demand for 3D printers in the future years.
