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))
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:
Reasons to buy the Report:
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.
1. Market Introduction
2. Research Methodology Or Assumption
3. Industry Performance
4. Executive Summary
5. Market Overview
6. Latin America Market Insights By Component
7. Latin America Market Insights By Technology
8. Latin America Market Insights, By Applications
9. Latin America Market Insights, By End User Industry
10. Latin America Market Insights By Country
11. Competitive Scenario
12. Company Profiles
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:
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:
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