Technology

Latin America 3D Printing Market 2019: Emphasis on Component, Product (Professional/ Industrial Printer, Personal/ Desktop 3D Printers), Material, Technology, End User Industry till 2024

Latin America 3D Printing Market Research Report Forecast from 2019 to 2024

Latin America 3D printing market is segmented based on component, sub-component, technology, application and industrial verticals. Product (industrial and desktop printer), material (polymer, plastic, metal & alloy, ceramic and other) and services are the types of components considered while analysing and defining the penetration of 3D printing technology in different geographies and countries. In 2017, product segment dominated the Latin America 3D printing market with maximum share in terms of revenue. Based on estimation, the segment occupied for around 36.8% share in the same year. However, increasing demand for desktop printers would help the product segment to grow at a faster rate of 30.4% during the forecast period (2018-2024).

3D printing offers integration of metals & alloys with other raw materials as per the requirement of the end-user industry, to create specified 3-dimensional objects. During 2017, polymer held prominent share of 33.5% followed by plastic which held 30.6% during the same year. Polymer market in Latin America 3D printing was valued at US$ 26.3 Million in 2017 and is projected to derive US$ 167.2 Million revenues by 2024 witnessing astonishing CAGR of 30.4% during the forecasted period. Numerous industrial sectors are influenced by 3D printing solutions. In addition, Custom Design and Manufacturing held more than 50% share and garnered US$ 33 Million revenues during 2017. Based on technology, the Latin America market is segmented into stereo lithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing and others.

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Considering the presence of 3D printing players in Latin America region, 3D Systems Corporation, Arcam AB, Royal DSM N.V., ExOne Company, Autodesk, Inc., Stratasys Ltd., Organovo Holdings, Inc , Hoganas AB, Mcor Technologies Limited and Voxeljet AG, constitute as some of the prominent players operating in 3D space. The players consistently aim to focus on product development, launch new products and enhance their existing portfolios to expand their customer base and strengthen their market position through partnerships and collaborations which further offers them growth opportunities for geographic expansion.

Moreover, benefits of 3D printing can also be witnessed among various industry verticals such as Education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others where the additive manufacturing has turned out to be a game changer. Automakers and raw material suppliers for manufacturing sector have realized the benefits of 3D printing solutions, eventually increasing the demand for 3D printing solutions in these industries. In the automotive industry, the use of 3D printing technology has been successful in bring about new shapes to the industry, allowing the industry to produce lighter and more complex structures at affordable price ranges. Manufacturing sector was accounted as the fastest growing industry vertical in terms of its applications in 3D printing. Based on estimation, the respective segment is projected to generate revenue of US$ 743.6 Million in by 2024 displaying tremendous CAGR of 28.7% during the forecasted period in Latin America 3D printing market.

Since, the concept of 3D printing has taken Latin America market by storm the technology has emerged as one of the promising concept in the specific region wherein entrepreneurs in the Indian market have visualized ample opportunities in 3D printing space. Moreover, new developments in 3D technology have enabled the companies to accelerate and simplify product development processes. To add on, advent of 3D printing has considerably paved the way for 3D manufacturers owing to substantial growth of manufacturing in various sectors ranging from automotive, healthcare to medical implants to retail goods. The impact of 3D printing is becoming deep and permanent in every industrial segment. However, absence of appropriate knowledge on 3D printing among the personnel and rate of unemployment contribute as restraining parameters behind the fostering growth of 3D printing in respective region.

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Also, for better understanding of 3D printing market penetration, the market is analysed in different countries such as Brazil, Argentina, Chile and Rest of Latin America. Based on estimation, Latin America accounted for revenue share of 5.6% in 2017. Increasing industrial base, surging investments by major competitive peers, technological advancements and rapid adoption of the advanced technique among various industry verticals specifically healthcare would help the Latin America region to grow at a faster rate during the analysed period. Latin America pose the reasonable CAGR growth in terms of 3D printing on account of continuous expansion and development of industrial sector in the respective region. Brazil led the Latin America region and contributed around US$ 166.4 Million in 2017 towards regional 3D printing sales and is further projected to garner US$ 925.3 Million by 2024 registering substantial CAGR of 28% over the period.

Some Major TOC Points:

Latin America 3D Printing Market Report (Status and Outlook) 2019
1 Market Introduction
2 Legal & Regulatory Framework
3 Research Methodology Or Assumption
4 Industry Performance
5 Executive Summary
6 Market Overview
7 Market Insights By Deployment Type
8 Public Cloud Insights By Services
9 Private Cloud Insights By Services
10 Market Insights By End User Industry
11 Market Insights By Country
12 Competitive Scenario
13 Company Profiles           

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