Manufacturing 3D Printing Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025
The Middle East and
Africa Manufacturing 3D Printing market is anticipated to reach the market
valuation of US$ 268.57 million by 2025 expanding at a reasonable CAGR of 13%
in the course of the forecasted period (2019-2025) from US$ 100.1 million in
2018. 3D printing, also referred to as additive manufacturing, is a combination
of processes used to produce three-dimensional objects from 3D models or other
electronic data sources. In the case of 3D printing, numerous layers of
different kinds of printing materials are formed under machine control to
create a 3-dimensional object. The 3-dimensional images can be of varied shapes
or geometries and can be created with computer-aided design packages or 3D
scanners. 3D printing as an end-use manufacturing technology is still at an
infancy stage but in the years to come, with the combination of various
innovative technologies, it displays the tremendous potential to radically
transform many designs, production, and logistics processes. Although 3D
printing showcases an upward trend and is beyond expectations, it will require
much more time to reach mass adoption level, hence signaling that mainstream
adoption is expected to take off. The benefits of 3D printing technology can be
witnessed among various industrial verticals wherein the adoption of additive
technology has been the game-changer impacting the manufacturing industry in a
big way. It is influencing every single step of the supply chain and is
assisting in the creation of fully customized retail products. 3D printing can
play an active role in the made to measure the concept of the retail industry.
For country-level analysis of
overall adoption of 3D Printing technology in the MENA manufacturing
Sector browse through - Manufacturing
3D Printing Market
In 2018, the
product segment dominated the MENA Manufacturing 3D printing market and is
estimated to derive a revenue of US$ 90.24 million by 2025. Under the
technology segment, fused deposition modeling is projected to witness the rapid
expansion throughout the forecast period, credited to its user-friendly
characteristics and growing awareness among consumers. Moreover, 3D
printing applications as direct manufacturing technologies have further brought
wider disruption. Among applications, functional parts production is gaining
prominence in the MENA Manufacturing 3D printing consumer goods landscape.
Dramatic uptake in investments with respect to product and development in 3D
solutions, regulatory support, and growing manufacturing sector has
considerably influenced the growth prospects of 3D printing technology
regionally. The technology is predominantly used to produce prototypes, which
further enables the companies to transform and create 3D solutions, in a
cost-effective manner. But with the booming digitalization, 3D printing has now
made significant inroads into the manufacturing floor and production process.
3D printing has given rise to Manufacturing as a Service (MaaS). MaaS is the
combination of Printer as a Service, Software as a Service, and Material as a
Service. 3D printing is projected to revolutionize the MENA industrial
manufacturing within the next 5 to 10 years. Hence, the vertical contributed
prominently towards 3D printing sales of the region. Given the continuous
relevance of 3D printing, modern industrial 3D printers can produce precise and
high-quality products of different sizes at a fast pace and at relatively low
costs. Several larger manufacturers have recognized the potential of this
technology and are screening business areas to apply 3D printers. Meanwhile,
small and medium-sized firms have also started seeing 3D printing technology as
a suitable and economical option to enter new markets with low volume and
complex products.
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Unique variations
of 3D printing technology are bifurcated extensively into components,
technologies, applications and end-user industries. Determined by component
type, the product market is bifurcated into industrial and personal 3D
Printers. The industrial 3D printer segment has fetched revenues of US$ 30.24
million in 2018. While among polymer, plastics, metal and alloys, and ceramics
polymers are anticipated to witness rapid adoption while ceramic material is
predicted to witness the highest CAGR growth of 15% throughout the forecast
period. Moreover, custom design & manufacturing dominated the service
segment of the 3D printing market in 2018. Additionally, based on technology
type, 3D printing is segmented into fused deposition modeling, selective laser
sintering, stereolithography, electron beam melting, and laminated object
manufacturing technologies. In 2018, fused deposition modeling centered the
market with a maximum share of 31.6%. Among various 3D applications such as
functional parts, fit and assembly, prototype modeling, education, metal
casting, visual aids, and presentation modeling, functional parts captured the
majority share of the market in 2018. Furthermore, food & beverage
dominated the industry vertical segments of the Manufacturing MENA 3D printing
technology market in 2018, the segment is expected to generate revenue of US$
64.09 million by 2025.
Additionally, for
better investigation and penetration of 3D printing solutions, the report
provides a detailed country-level analysis of the MENA manufacturing 3D
printing technology for countries including UAE, Qatar, Saudi Arabia, Kuwait,
Egypt, Algeria and Rest of MENA. In 2018, UAE dominated the
Manufacturing MENA 3D printing technology market with a market share of 18.4%.
The growing manufacturing sector in UAE, being a wide region, captures the
maximum proportion of the 3D printing market in the MENA region. 3D printing
has become one of the disruptive technologies that are expected to have a
significant impact on the region’s industry. The country has been successful in
recognizing the potential of the 3D printing market, in every industry
application inclusive of consumer goods landscape. Some of the major companies
profiled in MENA manufacturing 3D Printing market are 3D Systems Corporation, 3D Systems
Corporation, Arcam EBM, The ExOne Company, Envision TEC, MCor Technologies, Royal DSM, Materialise NV, Stratasys, Voxeljet, 3D Systems
Corporation. These players consistently aim to focus on various product
launches, innovations, energy-efficient products as well as mergers and
acquisitions to enhance the adoption rate of 3D printing techniques in the MENA
region thereby strengthening their market position which further offers them
growth opportunities to expand in the MENA region.
Market Insight, by Component
Product Component
Professional/Industrial
Printers
Personal/Desktop
3D Printers
Material Component
Concrete
Plastic
Metal
& Alloys
Ceramic
Others
Service Component
Custom
Design and Manufacturing
After
Sales Services
Others
(Software)
Market Insight, by Technology
Stereolithography
Selective Laser
Sintering
Electron Beam
Melting
Fused Deposition
Modelling
Laminated object
Manufacturing
Other Technologies
Market Insight, by Application
Education/Research
Visual Aids
Presentation
Modeling
Fit and Assembly
Prototype Tooling
Metal Casting
Functional Parts
Production
Other
Market Insight, by Industry Verticals
Food& Beverage
Jewelry
Electronics
Industrial
Machinery
Packaging Material
Other
UnivDatos Market Insights (UMI) understands that you may have your own business
need, hence we also provide fully customized solutions to clients. The Manufacturing 3D Printing Market can be customized to the country-level or any other market segment.
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Labels: 3D Printing, 3D Printing Market, Manufacturing, Manufacturing 3D Printing Market, Manufacturing 3D Printing Market research, market research, Middle east 3d printing market
