3D Printing adding another dimension to industries in India
Oct 2017 – Jan 2018
3D printing technology has caught global market attention in the last couple of years and it is no different in India. According to research by MarketsandMarkets, the global 3D printing market is expected to grow at a CAGR of 25.76% between 2017 and 2023 to reach be worth $32.78 billion by 2023. Additionally, according to a research by Global Market Insights, the 3D printing material & equipment market in Asia Pacific is predicted to witness high growth in the coming years, owing to substantial growth of manufacturing in sectors like automotive and the rapid technological advancements. Specifically in India, 3D printing in the medical sector is gaining high interest due to rising patient population and increase in need for advanced health care services. Other sectors using 3D printing technology in India include architecture, construction, aerospace, manufacturing, jewelry, among others. The business models in the Indian 3D Printing Industry in India include reselling imported foreign brands, foreign collaborations with Indian companies for tech-transfer and manufacturing in India, or hi-tech companies designing and manufacturing indigenous 3D Printers. There is huge market opportunity for 3D Printing Technology in India in product prototyping solutions that is yet to be tapped.
In The Press
09.10.2017 – 3ders.org
Two Indian research labs have developed new 3D printed antennae. One that has been sent to space and the other can be worn by soldiers on their military uniforms.
21.10.2017 – Business Today
The 3D printing industry in India is expected to be driven by higher demand for customization, shorter product development cycles and a local design democratization.
05.11.2017 – The Economic Times
The rapid growth in the Indian e- commerce sector will help the country’s paper packaging segment to expand. Global e- commerce players are looking at the Indian market to procure quality packaging paper and packaging solutions.
08.12.2017 – The Hindu
Technology major HP is set to introduce its range of next-generation Multi Jet Fusion 3D printers in the Indian market in the first quarter of 2018. The firm aims to sell 3D printers that produce metal objects. Currently, plastic is the raw material used.
26.12.2017 – The Economic Times
E-commerce may be driving new demand for paper, but it’s not alone. Paper demand will see an overall increase in India across sectors—education, fast moving consumer goods (FMCG) and healthcare.
03.01.2018 – PrintWeek India
BMPA has signed a Memorandum of Understanding (MoU) with Mumbai’s Renaissance Indus Infra, under which Renaissance will establish a print park which will be beneficial for the print industry.
05.01.2018 – The Economic Times
The Indian paper industry is expected to post strong earnings growth in the coming quarters due to full capacity utilisation, increase in demand as a result of the boom in e-commerce industry, the ban on low-grade waste paper in China, and several price increases in the past few months.