India Additive Manufacturing Market Size & Outlook
India additive manufacturing market, 2017-2030 (US$M)
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India additive manufacturing market highlights
- The India additive manufacturing market generated a revenue of USD 61.4 million in 2023 and is expected to reach USD 314.0 million by 2030.
- The India market is expected to grow at a CAGR of 26.3% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating printer component in 2023.
- Hardware is the most lucrative printer component segment registering the fastest growth during the forecast period.
Additive manufacturing market data book summary
| Market revenue in 2023 | USD 61.4 million |
| Market revenue in 2030 | USD 314.0 million |
| Growth rate | 26.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | 3D Systems Corp, Autodesk Inc, Canon Inc, Dassault Systemes SE, EnvisionTEC, ExOne, GE Additive, HP Inc, Materialise NV ADR, Optomec, Organovo Holdings Inc, Proto Labs Inc, Shapeways Holdings Inc, Stratasys Ltd, Voxeljet AG ADR |
Other key industry trends
- In terms of revenue, India accounted for 0.3% of the global additive manufacturing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan additive manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,907.2 million by 2030.
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Additive Manufacturing Market Scope
Additive Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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India additive manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to additive manufacturing market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.29% in 2023. Horizon Databook has segmented the India additive manufacturing market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The government of India has been pursuing various initiatives to achieve economic growth by leveraging various technologies, including additive manufacturing.
The government has also launched several funding programs to support the development and adoption of additive manufacturing technology. For example, in 2018, the government launched the "Technology Development Fund" to fund startups and SMEs working on advanced manufacturing technologies, including additive manufacturing.
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Target buyers of India additive manufacturing market databook
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Our clientele includes a mix of additive manufacturing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India additive manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into India additive manufacturing market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India additive manufacturing market size, by printer component, 2017-2030 (US$M)
India Additive Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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