South Africa 3D Printing Market Report, By Technology, Application, End User and Material- South Africa Market Share, Trend Analysis & Forecast Up To 2024
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The South Africa 3D printing market is forecast to grow at a CAGR of XX% during the forecast period 2019 to 2024. 3D Printing market is growing at an exponential rate in South Africa owing to increasing investment in additive manufacturing of titanium in the region, technological advancement and Moreover, rising use of 3D printing technology by small and medium scale industry boost the 3d Printing market in South Africa. However, Factors such as lack of government support, higher prices of software required for 3D printing will hinder the growth of the market during the projected period. One of the major trends which will influenced the South Africa 3D printing market during the forecast period is the application of 3D printing technology in the medical field which covers Nano medicines and pharmaceuticals.
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South Africa 3D printing market, by use: Commercial and personal. The commercial sector dominates the 3D printing market in South Africa owing to the wide range of application in wide range of application in education, consumer products, food & culinary, and printed electronics verticals. Furthermore, rising demand form small and medium scale industries and Increasing awareness about the benefits of using 3D printing over conventional methods of manufacturing is propelling the market growth.
South Africa 3D printing market, Based on technology: PolyJet, Stereolithography, Fused Deposition Modelling (FDM), Electron Beam Melting (EBM), selective Laser Sintering (SLS) and other. The fused deposition modelling segment accounted for the largest market share owing to its rising demand across various 3D printing processes and advantages offered including ease of use and cost efficiency as compared to other technologies.
South Africa 3D printing market, by application: Prototyping, Tooling and Functional part manufacturing. Among the considered segments prototyping segment is expected to dominate the
market in terms of revenue and account for highest share in the market followed by functional part manufacturers and tooling.
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South Africa 3D printing market, Based on end user: Aerospace and defence, Healthcare, Architecture and Construction, Consumer Products, Education, Engineering, Energy, Printed Electronics, Jewellery, Food and Culinary and Others. The jewellery manufacturing industry was the first sector to wholly adopt 3D printing into their workflow followed by healthcare and other sectors.
South Africa 3D printing market, by material: Polymers, metals and alloy, ceramic and others. Polymers are further sub segmented into photopolymers, thermoplastics, acrylonitrile butadiene styrene, polylactic acid, polyvinyl alcohol, polyethylene and nylon. Moreover, metals and alloy including titanium, graphene, gold, silver, alumide and steel. Polymer and metals & alloy accounted for highest market share and is anticipated to witness highest growth during the forecast period.
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Some of the key participants of 3D printing market in South Africa: 3D systems corporation, EOS GmbH, Materialise NV, SLM Solutions Group AG, Voxeljet AG, XYZ printing, HÜganäs AB, Nano Dimension, Markforged, Inc, etc. Most of the prominent companies are aiming at capturing the considerable market share through new product development and research and development. Moreover, mergers and acquisitions are the strategies followed by key players to reinforce their position in the market.
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