Argentina 3D Printing Market Research Report, 2028

In Argentina, rapidly increasing digitization and increasing adoption of advanced technologies such as Industry 4.0, smart factories, robotics, machine learning, and others fuel the demand for online 3D printing for simulation purposes. These technologies increase the chances of broader adoption and greater utilization of this technology across industries, including aerospace, automotive, and healthcare, among others. Furthermore, 3D printing is a more sustainable manufacturing option than traditional manufacturing techniques, as it reduces waste and allows for the use of recycled materials. This aligns with the growing focus on environmental sustainability in Argentina and is driving the adoption of 3D printing in the country. Moreover, the 3D printing industry in Argentina is increasingly forming partnerships with other industries, such as automotive and aerospace, to develop customized products and improve production processes. In addition, the increasing affordability and accessibility of 3D printing technology are driving consumer adoption in Argentina, as individuals are able to purchase 3D printers for personal use and create their own products and designs. Furthermore, many people in Argentina are using 3D printers to create unique home decor items, such as vases, lamps, and picture frames. These items can be customized to fit specific design preferences and printed in a variety of materials, including plastics, metals, and ceramics. According to the research report "Argentina 3D Printing Market Research Report, 2028," published by Actual Market Research, the Argentina 3D Printing market was valued at more than USD 78 Million in 2022. Based on application, the market is divided into prototyping, tooling, and functional parts manufacturing. The prototyping segment accounted for the largest share in 2022 due to widespread adoption of the prototyping process across multiple industry verticals. For precisely designing and developing parts, components, and complex systems, prototyping is especially useful in the automotive, aerospace, and defence industries. In response to rising demand for designing and manufacturing functional parts, the functional parts manufacturing segment is expected to grow at the fastest CAGR from 2023 to 2028. The market is divided into two types of printer’s desktop 3D printers and industrial 3D printers. Industrial 3D printers will lead the market in 2022, with a larger market share. Industrial 3D printers are used in a variety of industries, including aerospace, automotive, healthcare, and defence, to produce more complex and customized parts and components than traditional manufacturing methods. Furthermore, industrial 3D printers can use a variety of materials, including metals, ceramics, and plastics, allowing manufacturers to select the best material for their application. 3D printers are expected to grow at a faster CAGR than industrial 3D printers because they are more affordable, accessible, and simple to use. However, based on the offerings, the market is divided into printers, materials, services, and software segments. During the forecast period, printer has the largest market share. Printers have the highest market share in the Argentina 3D printing market based on offering because they are the most important component of any 3D printing system. Without a printer, it is impossible to create 3D objects using additive manufacturing technology. Materials have the highest CAGR because they are an essential component of the 3D printing process. In Argentina, Some of the recent products launched include Carbon's L1 Digital Light Synthesis (DLS) 3D printer. Launched in 2021, this printer uses advanced software and hardware to produce high-resolution 3D prints in a range of materials, including elastomers and polyurethanes. Furthermore, HP's Jet Fusion 5200 Launched in 2019, this 3D printer uses a unique multi-agent printing process to produce high-quality parts at a lower cost than traditional manufacturing methods. Moreover, Stratasys' F120 3D printer is designed for small to medium-sized businesses and produces high-quality, functional prototypes and parts. Furthermore, Ultimaker's S5 3D printer features advanced connectivity options and a large build volume, making it ideal for producing large-scale prototypes and parts. In addition, Formlabs' Form 3 3D printer uses proprietary Low Force Stereolithography (LFS) technology to produce high-resolution prints with minimal supports. Argentina has a strong education system with a focus on design and engineering, which has helped to create a skilled workforce in 3D modeling. Many universities in Argentina offer courses in 3D modeling and related fields, providing students with the necessary skills to work in the industry. Furthermore, Argentina has a thriving creative industry, including animation, film, and video games. 3D modeling plays a critical role in the creation of these products, and there is a growing demand for skilled 3D modelers in these fields. Moreover, 3D modeling is increasingly being used in the medical field in Argentina for a variety of purposes, including creating anatomical models for training purposes, planning and practicing complex surgical procedures, and creating custom prosthetics and implants. In addition, 3D modeling is increasingly being used in advertising and marketing in Argentina, allowing companies to create realistic and detailed models of their products for use in advertisements and promotional materials. The city of Buenos Aires has a number of 3-D printing labs and makerspaces where people can learn about and experiment with 3-D printing technology. The National Technological University of Argentina has a 3-D printing research and development center, which focuses on developing new 3-D printing technologies and applications. Furthermore, the Argentine Ministry of Production launched a program to promote the use of 3-D printing in industry, with a focus on improving productivity and reducing costs. Moreover, one of the most interesting applications of 3-D printing in Argentina is in the medical field, where it is being used to produce custom prosthetic limbs, surgical tools, and even human tissue. Furthermore, in 2020, a group of Argentine engineers developed a low-cost, open-source 3-D printed ventilator to help address the shortage of medical equipment during the COVID-19 pandemic. Argentina has a growing 3D printing industry, with several start-ups working on innovative projects and products. Some of the 3D printing start-ups in Argentina include 3D Lab Fab & Design, which offers 3D printing services and also develops its own products, such as custom furniture and lighting fixtures. The company focuses on creating sustainable products using eco-friendly materials. Furthermore, the PrintALot start-up is one of the largest 3D printing service providers in Argentina. They offer a variety of 3D printing services, from prototyping to production. PrintALot has worked with clients in a range of industries, including automotive, aerospace, and medical. Moreover, Kheper3D is a start-up focused on developing 3D printing solutions for the fashion industry. They have developed a 3D-printed dress and are also working on developing 3D-printed shoes and other fashion accessories. Furthermore, an Atomo start-up is developing a 3D-printed prosthetic hand that is affordable and customizable. The hand is designed to be functional and adaptable for people with different needs. Moreover, Bunker 3D, a start-up that offers 3D printing services, has a particular focus on creating high-quality 3D printed architectural models. They have worked with architects and real estate developers on a variety of projects. In addition, the Hiedra start-up is focused on creating 3D-printed planters and other home decor items. The company uses sustainable materials and creates designs that are inspired by nature. In Argentina the most significant barrier to adoption of this technology has been identified as high initial investments. This investment includes hardware, software, materials, certification, additive and manufacturing education, and employee training. The capital and resources required to set up a three-dimensional system are significantly higher than those required for traditional printing methods. However, with the introduction of the industrial desktop 3D printer, manufacturers are assisting end-users in lowering the high initial costs. Desktop printers are less expensive and easier to use than three-dimensional systems. Considered in this report • Geography: Argentina • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Argentina 3D Printing market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Offerings: • Printers • Materials • Services • Software By Printer Type: • Desktop 3D Printer • Industrial 3D Printer By Application Type: • Prototyping • Functional Part Manufacturing • Tooling The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the 3D printing industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.