Latin America 3D Printing Market: Current Analysis and Forecast (2018-2024)

$3999$7577

Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))

Pages:

135

Table:

41

Figure:

94

Report ID:

UMME18130

Geography:

Clear
  Get a Free Sample
SKU: UMME18130 Categories: ,
Report Description
Table of content
Research Methodology

Report Description

Since technology has advanced considerably at a surprising rate in the last few decades, Latin America is also advancing in this segment and has been successful in displaying pleasantry growth over the last few years wherein United Nations Industrial Development Organization is support the country to exploit this potential. Although 3D printing is slowly gaining traction in Latin America and is at the nascent stage, the country showcases ample opportunities in health care sector specifically in bio printing. Bio printing is characterized by simple scanning a part of body and 3D printer can create an organ out of bio ink and can be transplanted into the human body.

The market for additive manufacturing in Latin America has bolstered considerably majorly attributed to gradual expansion of 3D printing owing to surging investments by 3D market. Latin America 3D Printing market was evaluated at US 307.6 million in 2017 and is anticipated to reah US XX million by 2024 displaying exponential CAGR of XX% during the forecasted period. With 3D printing becoming the part of industrial production process, small chunk of 3D players have showcased their interest in the region and purposes to set up 3D shops and explore investment opportunities in South American marketplace. With 3D printing becoming the part of industrial production process, small chunk of 3D players have showcased their interest in the region and purposes to set up 3D shops and explore investment opportunities in South American marketplace. However, high cost involved in terms of 3D printers, political and economic crisis and skill shortage act impeding factors in the growth potential of Latin America 3D printing market. Rising need for skilled employees across the additive manufacturing industry has become one of the major concern in the country while painful transitions from economic prosperity are hampering the prospects for 3D printing market in the country.

Insights Presented in the Report:

  • The report analyses 3D Printing market report majorly based on component, technology, applications and end users. Products, materials and services are the major components considered in the deep analysis of the 3D printing industry.
  • Product segment is further classified into professional printers and desktop printers. Product segment is expected to register fastest growth, owing to increasing demand for desktop 3D printers over the period of time although industrial printers is projected to continue to display its dominance till 2024.
  • Latin America 3D printing material market is further divided into different material types including polymer, plastic, metal and alloys, ceramics and others materials. In 2017, polymer segment dominated the Latin America 3D printing material type market as they represent greatest penetration and user accessibility in 3D printing.
  •  Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused deposition modeling, Laminated object Manufacturing and Others are the major technologies considered while analyzing the regional 3D printing market. Fused Deposition Modelling, Selective Laser Sintering and Stereolithography constitute as the topmost technologies in 3D printing. Fused Deposition Modelling occupied the prominent share in 2017 as it is one of the prominent and user friendly technology that is widely used to create 3D printed objects.
  • Based on application type, Latin America 3D printing market is bifurcated into functional parts, fit and assembly, prototype modelling, education, metal casting, Visual Aids, Presentation Modelling and other applications. Functional parts captured maximum share during 2017 owing to its fast speed, quality and low cost of additive manufacturing.
  • Furthermore, 3D printing techniques find its major application in verticals such as education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others. Manufacturing sector dominated 3D printing landscape during 2017 owing to bolstering digitalization wherein 3D printing solutions have paved way for manufacturing companies.
  • For better understanding of the geographical penetration of 3D printing market in Latin America, the market is analyzed based on its outreach in the countries such as Brazil, Argentina, Chile and rest of Latin America. Brazil captures the major share in Latin America 3D printing primarily owing to growing acceptance of the technique among various industry verticals such as automotive, aerospace and defense and other verticals.
  • The report also highlights few prominent players operating in the 3D Printing market of Latin America region. Key companies profiled in the report include 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Autodesk, Inc., The ExOne Company, Hoganas AB, Organovo Holdings, Inc, Mcor Technologies Limited and Voxeljet AG. Apart from the respective global players, Timaker, constitutes to the be the leader in terms of sales in 3D printing in the region which offers wide spectrum of services ranging from manufacture of own 3D printers, materials and other related services.

Reasons to buy the Report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
  • Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
  • Examination of industry attractiveness  with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The Latin America 3D Printing Market can be customized to the country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

 1.1Market Definition        
 1.2Objective of the Study       
 1.3Limitation         
 1.4Stakeholders        
 1.5Currency used in the Report

 

 2.1Secondary Data        
  2.1.1Key Secondary Sources       
 2.2Primary Data        
  2.2.1Sampling Techniques & Data Collection Methods    
  2.2.2Primary Participants       
 2.3Supply Side & Demand Side Analysis

 

 5.1Introduction        
 5.2Market Dynamics        
  5.2.1Market Drivers       
   5.2.1.1Gradual Expansion Via Investments by 3D Players   
   5.2.1.2Impact analysis of Market Drivers     
  5.2.2Market Restraints       
   5.2.2.13D Printing held back by High Cost    
   5.2.2.2Limited Resource Pool in 3D Printing    
   5.2.2.3Political and Economic Crisis     
  5.2.3Opportunities in the Market      
   5.2.3.1Transformation of Shanty Towns     
   5.2.3.2Booming Concept of Orthodontics
 6.1Product Segment        
  6.1.1General Introduction       
   6.1.1.1Professional/Industrial Printer     
   6.1.1.2Personal/Desktop 3D Printers     
 6.2Material Segment        
  6.2.1General Introduction       
   6.2.1.1Polymer       
   6.2.1.2Plastic       
   6.2.1.3Metals and Alloys      
   6.2.1.4Ceramic       
   6.2.1.5Other Materials      
 6.3Service Segment        
  6.3.1General Introduction       
   6.3.1.1Custom Design and Manufacturing    
   6.3.1.2After Sales Service
 7.1General Introduction        
  7.1.1Stereolithography Technology      
  7.1.2Selective Laser Sintering       
  7.1.3Electron Beam Melting       
  7.1.4Fused Deposition Modelling      
  7.1.5Laminated object Manufacturing      
  7.1.6Other Technologies
 7.1General Introduction        
  7.1.1Visual Aids       
  7.1.2Presentation Modelling       
  7.1.3Fit & Assembly       
  7.1.4Prototype Tooling       
  7.1.5Metal Casting       
  7.1.6Functional Parts Production      
  7.1.7Other Applications
 9.1General Introduction        
  9.1.1Educational Industry       
  9.1.2Automotive Industry       
  9.1.3Aerospace & Defence Industry      
  9.1.4Healthcare Industry       
  9.1.5Consumer Goods Industry      
  9.1.6Manufacturing Industry       
  9.1.7Construction Industry       
  9.1.8Other Industries
 10.1General Introduction        
 10.2Latin America 3D Printing Market Insights      
  10.2.1Latin America Market, by Component     
  10.2.2Latin America Product Component Market, by Printer Type   
  10.2.3Latin America Material Component Market by Material Type   
  10.2.4Latin America Market by Technology     
  10.2.5Latin America Market by Application     
  10.2.6Latin America Market by End-User Industry     
  10.2.7Latin America Market by Country      
   10.2.7.1Brazil 3D Printing Market Insights     
    10.2.7.1.1Brazil Market, by Component    
    10.2.7.1.2Brazil Product Component Market, by Printer Type  
    10.2.7.1.3Brazil Material Component Market by Material Type 
    10.2.7.1.4Brazil Market by Technology    
    10.2.7.1.5Brazil Market by Application    
    10.2.7.1.6Brazil Market by End-User Industry   
   10.2.7.2Argentina 3D Printing Market Insights    
    10.2.7.2.1Argentina Market, by Component   
    10.2.7.2.2Argentina Product Component Market, by Printer Type 
    10.2.7.2.3Argentina Material Component Market by Material Type 
    10.2.7.2.4Argentina Market by Technology   
    10.2.7.2.5Argentina Market by Application   
    10.2.7.2.6Argentina Market by End-User Industry   
   10.2.7.3Chile 3D Printing Market Insights     
    10.2.7.3.1Chile Market, by Component    
    10.2.7.3.2Chile Product Component Market, by Printer Type  
    10.2.7.3.3Chile Material Component Market by Material Type 
    10.2.7.3.4Chile Market by Technology    
    10.2.7.3.5Chile Market by Application    
    10.2.7.3.6Chile Market by End-User Industry   
   10.2.7.4Rest of Latin America Market, by Component   
    10.2.7.4.1Rest of Latin America Market, by Component  
    10.2.7.4.2Rest of Latin America Product Component Market, by Printer Type
    10.2.7.4.3Rest of Latin America Material Component Market by Material Type
    10.2.7.4.4Rest of Latin America Market by Technology  
    10.2.7.4.5Rest of Latin America Market by Application  
    10.2.7.4.6Rest of Latin America Market by End-User Industry
 11.1Latin America 3D Printing Market Share of Major Players, 2017
 12.13D SYSTEMS CORPORATION       
  12.1.1Key Facts        
  12.1.2Business Description       
  12.1.3Key Product/Services Offerings      
  12.1.4SWOT Analysis       
  12.1.5Key Financials       
   12.1.5.1Revenue Split by Region     
  12.1.6Recent developments       
 12.2ARCAM AB        
  12.2.1Key Facts        
  12.2.2Business Description       
  12.2.3Key Product/Services Offerings      
  12.2.4SWOT Analysis       
  12.2.5Key Financials       
   12.2.5.1Revenue Split by Region     
  12.2.6Recent developments       
 12.3ROYAL DSM N.V.        
  12.3.1Key Facts        
  12.3.2Business Description       
  12.3.3Key Product/Services Offerings      
  12.3.4SWOT Analysis       
  12.3.5Key Financials       
   12.3.5.1Revenue Split by Region     
   12.3.5.2Revenue Split by Products     
  12.3.6Recent developments       
 12.4STRATASYS LTD        
  12.4.1Key Facts        
  12.4.2Business Description       
  12.4.3Key Product/Services Offerings      
  12.4.4SWOT Analysis       
  12.4.5Key Financials       
   12.4.5.1Revenue Split by Region     
  12.4.6Recent developments       
 12.5AUTODESK INC        
  12.5.1Key Facts        
  12.5.2Business Description       
  12.5.3Key Product/Services Offerings      
  12.5.4SWOT Analysis       
  12.5.5Key Financials       
   12.5.5.1Revenue Split by Region     
  12.5.6Recent developments       
 12.6THE EXONE COMPANY        
  12.6.1Key Facts        
  12.6.2Business Description       
  12.6.3Key Product/Services Offerings      
  12.6.4SWOT Analysis       
  12.6.5Key Financials       
   12.6.5.1Revenue Split by Region     
  12.6.6Recent developments       
 12.7HOGANAS AB        
  12.7.1Key Facts        
  12.7.2Business Description       
  12.7.3Key Product/Services Offerings      
  12.7.4SWOT Analysis       
  12.7.5Recent developments       
 12.8ORGANOVO HOLDINGS INC       
  12.8.1Key Facts        
  12.8.2Business Description       
  12.8.3Key Product/Services Offerings      
  12.8.4SWOT Analysis       
  12.8.5Key Financials       
  12.8.6Recent developments       
 12.9MCOR TECHNOLOGIES LTD       
  12.9.1Key Facts        
  12.9.2Business Description       
  12.9.3Key Product/Services Offerings      
  12.9.4Key Financials       
  12.9.5Recent developments       
 12.1VOXELJET AG        
  12.10.1Key Facts        
  12.10.2Business Description       
  12.10.3Key Product/Services Offerings      
  12.10.4SWOT Analysis       
  12.10.5Key Financials       
   12.10.5.1Revenue Split by Region     
   12.10.5.2Revenue Split by Business Division    
  12.10.6Recent developments

Research Methodology

Analysing historical market, estimation of the current market and forecasting the future market for Latin American 3D Printing market were the three major steps undertaken to create and analyse the overall adoption of 3D Printing in major Latin American countries. Exhaustive secondary research was conducted to collect the historical market of the product/technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the Latin American 3D printing market. After all assumption, market engineering and validation of market numbers through primary interviews, top-down approach was employed to forecast the market size of 3D Printing in the Latin American region to 2024. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the market. Detailed research methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Latin America 3D Printing market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, sales figures etc. and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database and other creditable publications.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments for the Latin America 3D Printing market. Major segments included in the report are component, technology, application and end-user.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the Latin America 3D Printing market. Factor analysis was conducted using dependent and independent variable such as purchasing power, player initiatives, penetration of 3D printing, government regulations in major Latin American countries. Historical trends of the 3D Printing technology and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in market, market share of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment in major Latin American countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size and rate of adoption of 3D Printing technology in Latin America in terms of value (US$)
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players across different technologies and markets as well as market share of each player. Also, the growth strategies adopted by these players to compete in the rapidly growing Latin American 3D Printing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the Latin American 3D Printing market. Data was split into several segments & sub-segments post studying several parameters and trends.

Main objective of the Latin America 3D Printing Market Study

The current & future market trends of the Latin American 3D Printing are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of the Latin American 3D Printing market in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of the Latin American 3D Printing market. Segments in the study include component, technology, application and end-user
  • Define and describe the technologies and protocols used in the 3D Printing
  • Anticipate potential risk present within the industry along with analysing the customer and competitor in the market
  • Define and analysis of the government regulations for the 3D Printing in major countries in the Latin American region
  • Analyse the current and forecast market size of 3D Printing, for countries including Brazil, Argentina, Chile and Rest of Latin America
  • Define and analyse the competitive landscape for the Latin American 3D Printing market and the growth strategies adopted by the market players to sustain in the rapidly growing market