China 3D Printing Market Research Report, 2028

China 3D Printing Market Research Report, 2028

Actual Market Research 31-03-2023 60 Pages Figures : 5 Tables : 13 Region : Asia-Pacific Country : United Arab Emirates Category : IT & Telecommunications Technology

China's 3D printing market is the second largest in the world. China's 3D printing history begins in the early 1990s, when the country began importing 3D printing technology from abroad. DTM Corporation, an American 3D printing company, introduced the first 3D printing technology to China in 1993. This technology was primarily used for scientific research and development in universities and research institutes. Furthermore, Xi'an Jiaotong University created the first Chinese-made 3D printer in 2003. This printer created objects from nylon powder using a laser sintering process and was primarily used for rapid prototyping in research and development. Moreover, the Chinese government has played a key role in promoting the development and adoption of 3D printing technology in the country. In 2013, the government launched a 10-year plan to develop advanced manufacturing technologies, including 3D printing. The plan included funding for research and development as well as support for companies that were developing 3D printing technology. According to the research report "China 3D Printing Market Research Report, 2028," published by Actual Market Research, the China 3D printing market is expected to add USD 6.06 Billion by 2028. China is undergoing a shift from traditional manufacturing to high-tech and advanced manufacturing. 3D printing is viewed as a critical technology that can help drive this transition while also increasing efficiency and productivity. Furthermore, China places a strong emphasis on innovation and has made significant investments in research and development. This has led to the emergence of many innovative 3D printing startups and companies that are developing new and cutting-edge technologies. Furthermore, as consumer awareness of 3D printing grows so will the demand for personalized and customized products. This is propelling the development of 3D printing technologies capable of producing high-quality, customizable products at low cost. Furthermore, 3D printing is viewed as a key technology that can help to optimize supply chains by shortening lead times and reducing waste. This is especially important in industries where supply chain optimization is critical to success, such as aerospace and automotive. The market is divided into four categories: printers, materials, software, and services. By 2028, the printer segment is expected to have the highest market share. The 3D printer was initially marketed as a novelty item rather than a useful tool. However, as a result of cost reductions and technological advancements, the market for 3D printers has grown significantly. They are used in professional printing, for example, to create lightweight, complex designs for expensive items such as racing vehicles and aircraft. The expansion of the printer segment may be attributed to the shifting perspective of 3D printing and its progress as a developing industrial solution. Materials are expected to have the highest CAGR during the forecast period. The demand for 3D printing materials is expected to grow due to the increasing adoption of the technology in various industries such as automotive, aerospace, and healthcare. The development of new and advanced materials, such as composites and metal powders, is also expected to drive growth in the market. Additionally, as 3D printing becomes more widely adopted, the demand for a wider range of materials for different applications will increase. However, 3D printing software is becoming increasingly sophisticated, allowing for more complex designs and more efficient printing processes. The demand for software is expected to grow due to the increasing adoption of 3D printing across a range of industries, as well as the need for more sophisticated software to support more complex printing applications. Additionally, the integration of software with other technologies, such as artificial intelligence and machine learning, is expected to drive growth in the market. Based on application, the industry has been segmented further into prototyping, tooling, and functional parts. The prototyping segment accounted for the largest share in 2022, owing to the extensive adoption of the prototyping process across several industry verticals. The automotive, aerospace, and defence verticals, in particular, use prototyping to design and develop parts, components, and complex systems precisely. The functional parts segment is expected to expand most from 2023 to 2028, in line with the increasing demand for designing and building functional parts. The market is segmented into two major printer types, including desktop 3D printers and industrial 3D printers. Among them, industrial 3D printers will dominate the market in 2022 with a higher market share. Industrial 3D printers help design consumer, automotive and industrial tools and final parts. Industrial 3D printers have the capability of mass production and offer high performance. Increasing demand from the healthcare, aerospace & defense, and automotive industries is boosting the growth of the industrial 3D printers segment. Desktops are expected to have the highest CAGR during the forecast period due to the fact that desktop 3D printers are generally smaller, more affordable, and easier to use compared to industrial or professional-grade 3D printers. Suppliers of raw materials such as plastic filaments, metal powders, and resins are an important part of the 3D printing supply chain in China. Some of the major raw material suppliers in China include E3D, Farsoon, and Polymaker. Furthermore, China is home to a number of 3D printer manufacturers, including some of the largest in the world. These companies produce a range of printers, from low-cost desktop printers to large industrial machines. Some of the major 3D printer manufacturers in China include Creality, Shining 3D, and Farsoon. Moreover, there are also a number of companies in China that offer 3D printing services to customers, either through online platforms or physical locations. These companies often specialise in particular types of printing, such as metal printing or large-format printing. Some of the major service providers in China include 3D Hubs, MakeX, and Xioneer Systems. In addition, some companies are focused on developing new materials, software for design and printing, and hardware such as sensors and control systems. Some of the major developers in China include Autodesk, Beijing Tiertime, and WinSun. In February 2022, a Chinese company called WinSun announced that it had developed a 3D printing technology that could print entire buildings in just a few hours. The technology uses a mixture of cement and recycled materials to create building components that are assembled on-site. Furthermore, In November 2021, researchers from the Chinese Academy of Sciences announced that they had developed a new 3D printing technology that could print complex biological tissues such as blood vessels and heart valves. The technology uses a combination of light and heat to create intricate 3D structures with high precision. Moreover, in October 2021, a Chinese company called Tiertime announced that it had developed a new 3D printing technology that could print objects with a high level of detail and accuracy. The technology uses a process called continuous stereolithography (CSL), which allows for faster and more precise printing than traditional methods. Furthermore, In September 2021, a Chinese company called Intamsys announced that it had developed a new 3D printing material made from recycled carbon fiber. The material is strong, lightweight, and environmentally friendly, and it can be used to create parts for the aerospace, automotive, and other industries. In addition, In August 2021, a Chinese company called Farsoon announced that it had developed a new 3D printing technology that could print metal parts at a much faster rate than traditional methods. The technology uses a process called high-speed laser powder bed fusion, which allows for faster and more efficient printing of metal components. The Chinese government has established regulations to ensure that 3D-printed products meet certain quality and safety standards. For example, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) requires that 3D printed medical devices be subject to the same safety and efficacy standards as traditional medical devices. Furthermore, the Chinese government established the National Additive Manufacturing Industry Development Committee, which was tasked with promoting the development and application of 3D printing technology in China. Furthermore, the Chinese government launched the "Internet Plus" initiative, which aimed to integrate 3D printing technology with the internet, cloud computing, and big data to promote innovation and entrepreneurship. In china some of tech expos for 3D printing that have been held include TCT Asia, Inside 3D Printing Shanghai, Formnext, Rapid + TCT China and many more. Some of the 3D printing start-ups in China include Aurora Labs, Farsoon, Weistek, Polymaker, and many more. In China Traditional manufacturing processes have a wider range of raw materials than 3D printing-based manufacturing processes. Product manufacturing with 3D printing technology is an expensive process due to high material costs, which is a significant market restraint. Despite the fact that the technology is a significant process breakthrough, the materials that can be used are still limited. Furthermore, the accuracy and reproducibility of 3D-printed products are hampered by a lack of standards governing the mechanical properties of the materials used. Considered in this report • Geography: China • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • China emirates 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.

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