Asia-Pacific Additive manufacturing & material market is anticipated to exhibit a CAGR of 30.0% during the forecast period (2021-2027). India & China are the major emerging countries in the Asia-Pacific region. Their growing manufacturing sector owing to the rapid adoption of campaign such as Made in China and Make in India is anticipated to offer immense growth potential to the AM & material market iin Asia-Pacific. Additionally, the robust demand for finished goods, growing investment, and government support are the key factors contributing to the growth of the Indian manufacturing industry. In August 2019, the Government of India permitted 100% FDI in contract manufacturing through the automatic route.
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The high FDI inflow is expected to positioning position India as a favorable destination for manufacturing by encouraging international players to make in India and, sell in India, and export through India. The Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce and Industry has notified the National Manufacturing Policy (NMP) in November 2011. This policy was introduced to enhance the share of the manufacturing sector in GDP to 25% from 16% of the present and creating 100 million jobs by 2022. The growing manufacturing sector is anticipated to create lucrative opportunities for the growth of the additive manufacturing & material market in Asia-Pacific region.
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Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2020-2027
- Segment Covered-
- By Material Type
- By End User
- Competitive Landscape- 3D Systems, Corp., EnvisionTEC GmbH, Eos GmbH, Imaginarium, JGroup Robotics
Asia-Pacific Additive Manufacturing & Material Market report Segment
By Material Type
- Plastic
- Metal
- Ceramic
- Other
By End-User
- Aerospace & Defence
- Healthcare
- Automotive
- Education & Research
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
