The process of making 3D materials with software and moulding the materials like plastics or metals according to the prescribed shape is 3D printing. This has created a boom in many end-user industries like Construction, Healthcare and Aerospace & Defense with ease of making the desired shapes. This market is predominant in the regions of Middle East & Africa as there is increasing demand in significant verticals like construction and healthcare, continuous government support and presence of key manufacturers.
The Middle East & Africa 3D Printing Market Size & Growth:
The Middle East & Africa 3D printing market is valued at $26.44 billion in 2018 and estimated to reach a value of $33.49 billion in 2024 at CAGR of 26.60%. Key points like reduction in human error and use of multiple materials for printing, customization of products with reducing cost and time and government investment in 3D products are accelerating this market and the factors like limited availability and the high cost of materials, lack of skilled labor and size of outputs generated are hindering the market growth.
The Middle East & Africa 3D Printing Market Share:
The Middle East & Africa 3D Printing market is classified by
type of material, by technology, by use, by the process, by application, by vertical and by geography. By the type of material, they are segmented as polymers, metal and alloys, ceramics and others. Among these plastics and metal hold the most significant share as they have an increasing demand for biomaterials and specialised materials. By technology, they are segmented as Fused deposition modelling (FDM), Selective laser sintering (SLS), Selective laser melting (SLM), Laminated object manufacturing (LOM), Electronic beam melting (EBM) and Stereolithography (SLA) and others. By use, they are segmented as commercial purpose, industrial purpose, and others. By process, these are segmented as Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, Sheet Lamination and Vat Photopolymerization. By application, they are segmented as Functional part manufacturing, Tooling, and Prototyping. By vertical these are segmented as Automotive, Aerospace and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Engineering, Energy, Printed Electronics, Jewelry, Food and Culinary and Others
. Aerospace and vertical defence lead the markets as these have got strong demand and government support as well. By geography, they are segmented as Middle East & Africa.
The Middle East & Africa 3D Printing Market Trends:
- 3D printing is taking off in a big way in the middle east, from the additives belong to aerospace the 3D manufacturers are planning to launch 3D objects into the surface of Mars.
- The world’s first 3D printed crane hook was done by global manufacturer Huisman, which is used in heavy construction equipment, has successfully passed its load test and all associated standard quality control checks.
The Middle East & Africa 3D Printing Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Stratasys Ltd.
- Materialise NV
- Koninklijke DSM N.V.
- The Exone Company
- 3D Systems Corporation
Market Trends:
3D printing
