Asia-Pacific Industrial 3D Printing Market, Forecast to 2023

Asia-Pacific Industrial 3D Printing Market, Forecast to 2023

Industrial Manufacturing to Undergo a Paradigm Shift in the Long Term With the Proliferation of 3D Printing Technologies

RELEASE DATE
19-Sep-2019
REGION
Asia Pacific
Research Code: P9FE-01-00-00-00
SKU: IA01545-AP-MR_23501

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Description

This study provides information on the 3D printing market in Asia-Pacific. It talks of the key developments in the region and the drivers and restraints in the industry. Of late, 3D printing technology is being used to not only produce product prototypes but also functional components, which is helping Original Equipment Manufacturers (OEMs) in tweaking and transforming product models with ease in a more cost-effective way compared to traditional manufacturing. 3D printing offers greater freedom in designing, reduction of waste, and improvement in resource utilization. It has also enabled companies to adopting manufacturing-as-a-service business model, which has led to better lead times, minimizing risks.

In Asia-Pacific, the governments of China and Singapore have committed millions of dollars to develop and commercialize 3D printing. Japan’s New Energy and Industrial Technology Development Organization (NEDO), in late 2017, invested in a 3D printing technology that can fabricate from pure copper by using a high-intensity blue laser diode.

As the objects made from 3D printers are designed on a software program, design creation and redesign challenges can be easily overcome by updating the file on the program. This reduces, and in some cases, eliminates the trial and error process and the high costs associated with re-tooling, redesign, and rework as with the traditional manufacturing method, thus, reducing the overall product development cycle time.

Customization is currently a big trend in the automotive industry, with Ford and other such companies providing customers the option of choosing aspects of the vehicle from a palette of 3D printed parts, (e.g., body slide cladding). Additive manufacturing technology is also being actively utilized in the medical industry to build customizable implants and devices.

One of the major challenges faced by suppliers and end-users in the region is the lack of human capital with high skill set and training. Imparting training on 3D printing involves touching areas on quality assurance, Computer-aided Design (CAD), machine making, material preparation, and supply chain management.

The potential transformation that the technology can bring over the next decade in the automotive industry is nothing less than revolutionary. From printing car parts and accessories to creating new concepts from scratch, the possibilities of 3D printing are endless.

3D printing is expected to play a major role in parts manufacturing in the future, as one of the key goals of the automotive industry is to make parts cheaper, lighter, and faster, all of which 3D printed parts will be able to achieve.

This study also discusses the key end users and provides answers to the following queries:
• Is the market growing, how long will it continue to grow, and at what rate?
• What are the emerging trends and technologies in industrial 3D printing?
• How will industrial 3D printing shape the end-to-end value chain in the manufacturing sector?
• How the expiry of patents is an opportunity for APAC manufacturers and service providers?
• What are the factors driving and challenging the growth of this market?
• Are the products/services offered today meeting customer needs or is additional development needed?

Author: Krishnan Ramanathan

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Key Findings (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Research Scope

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

End-user Definitions

End-user Definitions (continued)

Key Questions this Study will Answer

Industrial 3D Printing Value Chain

Market Segmentation

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Market Engineering Measurements (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Revenue Forecast Discussion by Vertical Market (continued)

Revenue Forecast Discussion by Vertical Market (continued)

Revenue Forecast Discussion by Vertical Market (continued)

Revenue Forecast Discussion by Vertical Market (continued)

Percent Revenue Forecast by Distribution Channel

Percent Revenue Forecast Discussion by Distribution Channel

Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Competitive Factors and Assessment

Competitive Factors and Assessment (continued)

Competitive Factors and Assessment (continued)

Growth Opportunity 1—Hybrid Additive Manufacturing

Growth Opportunity 2—From Prototyping to Production

Growth Opportunity 3—Market Consolidation

Strategic Imperatives for Industrial 3D Printing Firms

Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Distribution Channel Analysis

Key Findings

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Distribution Channel Analysis

3D Printing Services Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Distribution Channel Analysis

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Additional Sources of Information on 3D Printing

Partial List of Companies Interviewed

Learn More—Next Steps

Abbreviations and Acronyms Used

Abbreviations and Acronyms Used (continued)

List of Exhibits

List of Exhibits (continued)

This study provides information on the 3D printing market in Asia-Pacific. It talks of the key developments in the region and the drivers and restraints in the industry. Of late, 3D printing technology is being used to not only produce product prototypes but also functional components, which is helping Original Equipment Manufacturers (OEMs) in tweaking and transforming product models with ease in a more cost-effective way compared to traditional manufacturing. 3D printing offers greater freedom in designing, reduction of waste, and improvement in resource utilization. It has also enabled companies to adopting manufacturing-as-a-service business model, which has led to better lead times, minimizing risks. In Asia-Pacific, the governments of China and Singapore have committed millions of dollars to develop and commercialize 3D printing. Japan’s New Energy and Industrial Technology Development Organization (NEDO), in late 2017, invested in a 3D printing technology that can fabricate from pure copper by using a high-intensity blue laser diode. As the objects made from 3D printers are designed on a software program, design creation and redesign challenges can be easily overcome by updating the file on the program. This reduces, and in some cases, eliminates the trial and error process and the high costs associated with re-tooling, redesign, and rework as with the traditional manufacturing method, thus, reducing the overall product development cycle time. Customization is currently a big trend in the automotive industry, with Ford and other such companies providing customers the option of choosing aspects of the vehicle from a palette of 3D printed parts, (e.g., body slide cladding). Additive manufacturing technology is also being actively utilized in the medical industry to build customizable implants and devices. One of the major challenges faced by suppliers and end-users in the region is the lack of human capital with high skill set and training. Imparting training on 3D printing involves touching areas on quality assurance, Computer-aided Design (CAD), machine making, material preparation, and supply chain management. The potential transformation that the technology can bring over the next decade in the automotive industry is nothing less than revolutionary. From printing car parts and accessories to creating new concepts from scratch, the possibilities of 3D printing are endless. 3D printing is expected to play a major role in parts manufacturing in the future, as one of the key goals of the automotive industry is to make parts cheaper, lighter, and faster, all of which 3D printed parts will be able to achieve. This study also discusses the key end users and provides answers to the following queries: • Is the market growing, how long will it continue to grow, and at what rate? • What are the emerging trends and technologies in industrial 3D printing? • How will industrial 3D printing shape the end-to-end value chain in the manufacturing sector? • How the expiry of patents is an opportunity for APAC manufacturers and service providers? • What are the factors driving and challenging the growth of this market? • Are the products/services offered today meeting customer needs or is additional development needed? Author: Krishnan Ramanathan
More Information
No Index No
Podcast No
Author Krishnan Ramanathan
Industries Industrial Automation
WIP Number P9FE-01-00-00-00
Is Prebook No
GPS Codes 9672-A9,9593,9420