Saudi Arabia 3D Printing Market Research Report, 2028

3D printing is the process of turning a digital design into a physical object by printing a thin layer of material and fusing it together. 3D printing uses less material than subtractive manufacturing processes such as drilling, welding, injection modelling, and others to create intricate and complex shapes. 3D printing has a long history in Saudi Arabia, dating back to the early 2010s, when the technology was first introduced to the country. Initially, 3D printing was used primarily in academia and research, with universities such as King Abdullah University of Science and Technology (KAUST) and King Fahd University of Petroleum and Minerals (KFUPM) leading the way in terms of R&D. Furthermore, the Saudi government launched the National Transformation Program (NTP), with the goal of diversifying the country's economy and decreasing its reliance on oil. The government identified 3D printing as a key technology that could drive innovation and economic growth in a variety of sectors, including manufacturing, healthcare, and construction, as part of this programme. Furthermore, the Saudi Arabian General Investment Authority (SAGIA) established the Additive Manufacturing Initiative (AMI) to promote 3D printing adoption in the country. The initiative aimed to foster local expertise in 3D printing, attract international companies to invest in the Saudi market, and promote research and development in the field. Furthermore, the Saudi government launched the Industrial Revolution 4.0 (IR4.0) initiative in 2021, with the goal of accelerating the adoption of advanced technologies, such as 3D printing, in the country's industrial sector. The initiative aims to build local expertise in these technologies while also encouraging innovation and entrepreneurship and attracting foreign investment to the Saudi market. According to the research report "Saudi Arabia 3D Printing Market Research Report, 2028," published by Actual Market Research, the Saudi Arabia 3D Printing market was valued at around USD 85 Million in 2022. 3D printing is seen as a key technology that can help diversify the Saudi economy and reduce the country's dependence on oil. By adopting 3D printing in various sectors, such as manufacturing, healthcare, and construction, the country can create new jobs and attract foreign investment. Furthermore, 3D printing technology has advanced rapidly in recent years, thanks to advancements in materials, software, and hardware. These advancements have made 3D printing more accessible and affordable, as well as opened up new applications for it in a variety of industries. Moreover, Saudi Arabia is known for its wealthy population, and there is a growing demand for luxury goods in the country. 3D printing can enable the production of high-quality, customized luxury goods, which can help meet this demand and stimulate growth in the sector. 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 defense 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 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. 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. 3D printing can be used to produce custom locks and security systems for residential use in Saudi Arabia. These systems can be designed and printed to fit the specific requirements of a homeowner, providing enhanced security and peace of mind. Furthermore 3D printing can be used to produce custom components for smart home technology such as sensors, controllers, and interfaces. This can enable homeowners in Saudi Arabia to automate their home and control their appliances and devices remotely. Moreover, 3D printing is enabling the production of unique and customized home decor and accessories, including lamps, vases, and decorative objects. These items can be printed in a range of materials and designs, providing homeowners with a personalized touch for their living space. In addition, 3D printing can be used to create prototypes and models for residential design projects, enabling homeowners to visualize and refine their ideas before beginning construction. This can save time and reduce the risk of costly mistakes during the building process. There are several international 3D printer manufacturers that have a presence in Saudi Arabia and sell their products through local distributors. Some of the popular 3D printer manufacturers in Saudi Arabia include Stratasys is a global leader in 3D printing technology, with a range of 3D printers for various applications including prototyping, tooling, and production. Stratasys products are available in Saudi Arabia through its local partner, Al-Saidi Engineering. Furthermore, MakerBot is a popular 3D printer manufacturer based in the United States, with a range of 3D printers for both professional and personal use. MakerBot products are available in Saudi Arabia through its local partner, 3D Prints. Moreover, Ultimaker is a Dutch 3D printer manufacturer, with a range of 3D printers for various applications including prototyping, education, and production. Ultimaker products are available in Saudi Arabia through its local partner, Printech. Furthermore, 3D Systems is a global 3D printing Technology Company with a range of 3D printers for various applications, including aerospace, automotive, and healthcare. 3D Systems products are available in Saudi Arabia through its local partner, Alhamrani Universal. In addition, Zortrax is a Polish 3D printer manufacturer, with a range of 3D printers for various applications including prototyping, education, and production. Zortrax products are available in Saudi Arabia through its local partner, TechShopz. Some of the popular 3D printing resellers in Saudi Arabia include Dream 3D, 3D Prints, Printech, Al-Saidi Engineering, Alhamrani Universal and many more. Start-ups: • 3D-NEST is a 3D printing startup based in Jeddah, Saudi Arabia. The company offers a range of 3D printing services and solutions for different industries including automotive, architecture, and product design. • PrintX is a 3D printing startup based in Riyadh, Saudi Arabia. The company offers 3D printing services and solutions for various industries including healthcare, education, and construction. • Simply 3D is 3D printing startup based in Riyadh, Saudi Arabia. The company offers a range of 3D printing services and solutions for different industries including manufacturing, architecture, and product design. • Arab 3D is a 3D printing startup based in Jeddah, Saudi Arabia. The company offers a range of 3D printing services and solutions for various industries including healthcare, education, and construction. • Green Future is a 3D printing startup based in Riyadh, Saudi Arabia. The company offers eco-friendly 3D printing solutions using biodegradable materials. Green Future focuses on providing sustainable and environmentally-friendly 3D printing solutions for different industries. Considered in this report • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Saudi Arabia 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.