New Report on the Middle East and Africa Manufacturing 3D Printing Market is out
MENA Manufacturing 3D Printing Market is anticipated to reach US$ 268.57 million by 2025.
The 3D Printing market is 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.
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 the 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.
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