MENA Market Insights on 3D Printing: Insights & Forecasts, 2018-2024: Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))
- UNI2866346
- 156 Pages
- September 2018
- ICT & Media
Middle East and North Africa has displayed notable growth in 3D domain and is poised to spiral to new heights in years to come. Although 3D printing in Middle East and North Africa region is at nascent stage, countries as well as the companies of the region are in a pace to seize the opportunities arising from technological breakthroughs and which is witnessed among various industry verticals such as construction, healthcare and aerospace &defense. Apart from this, innovative and potentially transformative 3D printing deployments among medical suppliers, electronic manufacturers, and tools and components manufacturers also showcase rising acceptance.
3D printing offers integration of metals & alloys with other raw materials as per the requirement of the end-user industry, to create specified 3-dimensional objects. During 2017, polymer held prominent share of 33.5% followed by plastic which held 30.6% during the same year. Polymer market in MENA 3D printing was valued at US$ 31 Million in 2017 and is projected to derive US$ 191.1 Million revenues by 2024 witnessing astonishing CAGR of 29.9% during the forecasted period. Numerous industrial sectors are influenced by 3D printing solutions. In addition, Custom Design and Manufacturing held more than 50% share and garnered US$ 38.9 Million revenues during 2017. Based on technology, the Middle East and North Africa market is segmented into stereo lithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing and others. In 2017, Fused Deposition Modelling technology dominated the regional 3D printing market, and is expected to maintain its dominance throughout the analyzed period. It is projected to reach US$ 650.6 Million by 2024 showcasing significant CAGR of 28.4% during the analyzed period. Furthermore, depending on application type, the market is further classified into Functional Parts, Fit and Assembly, Prototype Modelling, Education, Metal Casting, Metal Casting, Visual Aids and Presentation Modelling. During 2017, functional parts occupied the largest share of 33.8% followed by Fit and assembly application type in regional 3D printing market.
Moreover, benefits of 3D printing can also be witnessed among various industry verticals such as Education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others where the additive manufacturing has turned out to be a game changer. Automakers and raw material suppliers for manufacturing sector have realized the benefits of 3D printing solutions, eventually increasing the demand for 3D printing solutions in these industries. In the automotive industry, the use of 3D printing technology has been successful in bring about new shapes to the industry, allowing the industry to produce lighter and more complex structures at affordable price ranges. Manufacturing sector was accounted as the fastest growing industry vertical in terms of its applications in 3D printing. Based on estimation, the respective segment is projected to generate revenue of US$ 396.6 Million in by 2024 displaying tremendous CAGR of 28.5% during the forecasted period in MENA 3D printing market.
3D printing has offered immense growth potential to the entire MENA region. The technology has portrayed its dynamism across various industrial sectors at a very high pace ranging from healthcare, education, construction to retail. In addition, lenient investment regulations by government bodies in developing countries such as MENA has allowed the companies to invest in the country’s 3D printing space. 3D printing has successfully transformed the world of business. It purposes to touch every industry and bring explosive transition in the same. 3D printing has offered numerous benefits to small scale and large scale manufacturing industry to drive more revenue in Middle East and North Africa region. However, high cost involved in 3D printing, lack of awareness and limited skills sets in the region encompass some of the obstacles that hinder the growth of 3D printing in Middle East Region. Furthermore, technological advancements in healthcare industry specifically the way medical devices are utilized to treat the patients and faster supply chain and reduced lead times form as an integrated services that have resulted into measurable impact thus aiding the manufacturers in developing precise 3D solution.
Also, for better understanding of 3D printing market penetration, the market is analyzed in different geographies and countries comprising of Middle East and North Africa (UAE, Saudi Arabia, Qatar, Kuwait, Egypt, Algeria and rest of MENA. Based on estimation, Middle East and North Africa accounted for revenue share of 6.6% in 2017. Ever expanding manufacturing domain, supportive government policies in regard to 3D printing coupled with increasing Research and Development in advanced technology has exorbitantly proliferated the 3D printing market in the region. Spending on 3D printing in MENA region is also set to increase from US$ 0.47 Billion in 2015 to US$ 1.3 Billion by 2019 registering astonishing CAGR of approximately 31% over 2015-2019 period outperforming the worldwide growth rate of around 27%. Countries such as Saudi Arabia and UAE are actively operating in 3D technology wherein several initiatives from research and development aspect have been undertaken to revolutionize the advanced technology applications in the region. United Arab Emirates led the Middle East and North Africa region and contributed around US$ 66.3 Million in 2017 towards regional 3D printing sales and is further projected to garner US$ 386.4 Million by 2024 registering substantial CAGR of 28.8% over the period.
Considering the presence of 3D printing players in Middle East and North Africa region, 3D Systems Corporation, Arcam AB, Royal DSM N.V., ExOne Company, Autodesk, Inc., Stratasys Ltd., Organovo Holdings, Inc , Hoganas AB, Mcor Technologies Limited and Voxeljet AG, constitute as some of the prominent players operating in 3D space. The players consistently aim to focus on product development, launch new products and enhance their existing portfolios to expand their customer base and strengthen their market position through partnerships and collaborations which further offers them growth opportunities for geographic expansion.
1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Secondary Data
2.1.1 Key Secondary Sources
2.2 Primary Data
2.2.1 Sampling Techniques & Data Collection Methods
2.2.2 Primary Participants
2.3 Supply Side & Demand Side Analysis
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 MARKET OVERVIEW
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Booming 3D technique in Various Verticals
5.2.1.2 Rising Regulatory Support by National and Local Government Bodies
5.2.1.3 Disrupting Manufacturing Sector
5.2.2 Market Restraints
5.2.2.1 3D Printing held back by High Cost
5.2.2.2 Limited Resource Pool in 3D Printing
5.2.2.3 Lack of Awareness
5.2.3 Opportunities in the Market
5.2.3.1 Technological advancement in Healthcare industry, especially Medical Devices
5.2.3.2 Faster Supply Chain and Reduced Lead Times
6 MIDDLE EAST AFRICA MARKET INSIGHTS BY COMPONENT
6.1 Product Segment
6.1.1 General Introduction
6.1.1.1 Professional/Industrial Printer
6.1.1.2 Personal/Desktop 3D Printers
6.2 Material Segment
6.2.1 General Introduction
6.2.1.1 Polymer
6.2.1.2 Plastic
6.2.1.3 Metals and Alloys
6.2.1.4 Ceramic
6.2.1.5 Other Materials
6.3 Service Segment
6.3.1 General Introduction
6.3.1.1 Custom Design and Manufacturing
6.3.1.2 After Sales Service
7 MIDDLE EAST AFRICA MARKET INSIGHTS BY TECHNOLOGY
7.1 General Introduction
7.1.1 Stereolithography Technology
7.1.2 Selective Laser Sintering
7.1.3 Electron Beam Melting
7.1.4 Fused Deposition Modelling
7.1.5 Laminated object Manufacturing
7.1.6 Other Technologies
8 MIDDLE EAST AFRICA MARKET INSIGHTS, BY APPLICATIONS
7.1 General Introduction
7.1.1 Visual Aids
7.1.2 Presentation Modelling
7.1.3 Fit & Assembly
7.1.4 Prototype Tooling
7.1.5 Metal Casting
7.1.6 Functional Parts Production
7.1.7 Other Applications
9 MIDDLE EAST AFRICA MARKET INSIGHTS, BY END USER INDUSTRY
9.1 General Introduction
9.1.1 Educational Industry
9.1.2 Automotive Industry
9.1.3 Aerospace & Defence Industry
9.1.4 Healthcare Industry
9.1.5 Consumer Goods Industry
9.1.6 Manufacturing Industry
9.1.7 Construction Industry
9.1.8 Other Industries
10 MIDDLE EAST AFRICA MARKET INSIGHTS BY COUNTRY
10.1 General Introduction
10.2 Middle East & North Africa 3D Printing Market Insights
10.2.1 Middle East and North Africa Market, by Component
10.2.2 Middle East and North Africa Product Component Market, by Printer Type
10.2.3 Middle East and North Africa Material Component Market by Material Type
10.2.4 Middle East and North Africa Market by Technology
10.2.5 Middle East and North Africa Market by Application
10.2.6 Middle East and North Africa Market by End-User Industry
10.2.7 Middle East and North Africa Market by Country
10.2.7.1 United Arab Emirate 3D Printing Market Insights
10.2.7.1.1 UAE Market, by Component
10.2.7.1.2 UAE Product Component Market, by Printer Type
10.2.7.1.3 UAE Material Component Market by Material Type
10.2.7.1.4 UAE Market by Technology
10.2.7.1.5 UAE Market by Application
10.2.7.1.6 UAE Market by End-User Industry
10.2.7.2 Saudi Arabia 3D Printing Market Insights
10.2.7.2.1 Saudi Arabia Market, by Component
10.2.7.2.2 Saudi Arabia Product Component Market, by Printer Type
10.2.7.2.3 Saudi Arabia Material Component Market by Material Type
10.2.7.2.4 Saudi Arabia Market by Technology
10.2.7.2.5 Saudi Arabia Market by Application
10.2.7.2.6 Saudi Arabia Market by End-User Industry
10.2.7.3 Kuwait 3D Printing Market Insights
10.2.7.3.1 Kuwait Market, by Component
10.2.7.3.2 Kuwait Product Component Market, by Printer Type
10.2.7.3.3 Kuwait Material Component Market by Material Type
10.2.7.3.4 Kuwait Market by Technology
10.2.7.3.5 Kuwait Market by Application
10.2.7.3.6 Kuwait Market by End-User Industry
10.2.7.4 Algeria 3D Printing Market Insights
10.2.7.4.1 Algeria Market, by Component
10.2.7.4.2 Algeria Product Component Market, by Printer Type
10.2.7.4.3 Algeria Material Component Market by Material Type
10.2.7.4.4 Algeria Market by Technology
10.2.7.4.5 Algeria Market by Application
10.2.7.4.6 Algeria Market by End-User Industry
10.2.7.5 Egypt 3D Printing Market Insights
10.2.7.5.1 Egypt Market, by Component
10.2.7.5.2 Egypt Product Component Market, by Printer Type
10.2.7.5.3 Egypt Material Component Market by Material Type
10.2.7.5.4 Egypt Market by Technology
10.2.7.5.5 Egypt Market by Application
10.2.7.5.6 Egypt Market by End-User Industry
10.2.7.6 Qatar 3D Printing Market Insights
10.2.7.6.1 Qatar Market, by Component
10.2.7.6.2 Qatar Product Component Market, by Printer Type
10.2.7.6.3 Qatar Material Component Market by Material Type
10.2.7.6.4 Qatar Market by Technology
10.2.7.6.5 Qatar Market by Application
10.2.7.6.6 Qatar Market by End-User Industry
10.2.7.7 Rest of Middle East and North Africa 3D Printing Market Insights
10.2.7.7.1 Rest of Middle East and North Africa Market, by Component
10.2.7.7.2 Rest of Middle East and North Africa Product Component Market, by Printer Type
10.2.7.7.3 Rest of Middle East and North Africa Material Component Market by Material Type
10.2.7.7.4 Rest of Middle East and North Africa Market by Technology
10.2.7.7.5 Rest of Middle East and North Africa Market by Application
10.2.7.7.6 Rest of Middle East and North Africa Market by End-User Industry
11 COMPETITIVE SCENARIO
11.1 Middle East Africa 3D Printing Market Share of Major Players, 2017
12 COMPANY PROFILES
12.1 3D SYSTEMS CORPORATION
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Key Product/Services Offerings
12.1.4 SWOT Analysis
12.1.5 Key Financials
12.1.5.1 Revenue Split by Region
12.1.6 Recent developments
12.2 ARCAM AB
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Key Product/Services Offerings
12.2.4 SWOT Analysis
12.2.5 Key Financials
12.2.5.1 Revenue Split by Region
12.2.6 Recent developments
12.3 ROYAL DSM N.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Key Product/Services Offerings
12.3.4 SWOT Analysis
12.3.5 Key Financials
12.3.5.1 Revenue Split by Region
12.3.5.2 Revenue Split by Products
12.3.6 Recent developments
12.4 STRATASYS LTD
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Key Product/Services Offerings
12.4.4 SWOT Analysis
12.4.5 Key Financials
12.4.5.1 Revenue Split by Region
12.4.6 Recent developments
12.5 AUTODESK INC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Key Product/Services Offerings
12.5.4 SWOT Analysis
12.5.5 Key Financials
12.5.5.1 Revenue Split by Region
12.5.6 Recent developments
12.6 THE EXONE COMPANY
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Key Product/Services Offerings
12.6.4 SWOT Analysis
12.6.5 Key Financials
12.6.5.1 Revenue Split by Region
12.6.6 Recent developments
12.7 HOGANAS AB
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Key Product/Services Offerings
12.7.4 SWOT Analysis
12.7.5 Recent developments
12.8 ORGANOVO HOLDINGS INC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Key Product/Services Offerings
12.8.4 SWOT Analysis
12.8.5 Key Financials
12.8.6 Recent developments
12.9 MCOR TECHNOLOGIES LTD
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Key Product/Services Offerings
12.9.4 Key Financials
12.9.5 Recent developments
12.1 VOXELJET AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Key Product/Services Offerings
12.10.4 SWOT Analysis
12.10.5 Key Financials
12.10.5.1 Revenue Split by Region
12.10.5.2 Revenue Split by Business Division
12.10.6 Recent developments
TABLE 2 MENA 3D Printing Price Range of Professional Desktop SLS Printers
TABLE 3 Application of 3D Printing in Aerospace & Defense Industry
TABLE 4 3D Systems Corporation Key Facts
TABLE 5 Products segmentation of 3D Systems Corporation
TABLE 6 3D System Corporation Growth Strategy
TABLE 7 3D Systems Corporation Financials, US$ Million
TABLE 8 Arcam AB Key Facts
TABLE 9 Products Segmentation of Arcam AB
TABLE 10 Arcam AB Growth Strategy
TABLE 11 Arcam AB Financials, US$ Million
TABLE 12 Royal DSM N.V. Key Facts
TABLE 13 Products Segmentation of Royal DSM NV
TABLE 14 Royal DSM NV Growth Strategy
TABLE 15 Royal DSM N.V. Financials, US$ Million
TABLE 16 Stratasys Ltd. Key Facts
TABLE 17 Products Segmentation of Stratasys Ltd
TABLE 18 Stratasys Ltd Growth Strategy
TABLE 19 Stratasys Ltd Financials, US$ Million
TABLE 20 Autodesk, Inc. Key Facts
TABLE 21 Products Segmentation of Autodesk Inc.
TABLE 22 Autodesk Inc. Growth Strategy
TABLE 23 Autodesk Inc. Financials, US$ Million
TABLE 24 The ExOne Company Key Facts
TABLE 25 Products Segmentation of ExOne
TABLE 26 ExOne Growth Strategy
TABLE 27 ExOne Financials, US$ Million
TABLE 28 Hoganas AB Key Facts
TABLE 29 Products Segmentation of Hoganas AB
TABLE 30 Hoganas AB Growth Strategy
TABLE 31 Organovo Holdings, Inc. Key Facts
TABLE 32 Products Segmentation of Organovo Holdings
TABLE 33 Organovo Holdings Growth Strategy
TABLE 34 Organovo Holdings Financials, US$ Million
TABLE 35 Mcor Technologies Key Facts
TABLE 36 Products Segmentation of Mcor Technologies
TABLE 37 Mcor Technologies Growth Strategy
TABLE 38 Voxeljet AG Key Facts
TABLE 39 Products Segmentation of Voxeljet AG
TABLE 40 Voxeljet AG Growth Strategy
TABLE 41 Voxeljet Financials, US$ Million
Similar Reports
The netbook sales in India have been growing strongly with major demand from the home segment. Personal computer market is expected to grow as the economy is recovering from the recession. The newest addition to this consumer product group is notebooks and netbooks. However, it has been seen that there is no clear demarcation between inexpensive notebook and netbook as an upgraded version of a net...
- Publish Date: January 18, 2011
- $950
The Online Movie Rental market in India is at a nascent stage. The market is estimated at INR 601 mn in 2008 and shows huge potential due to a large untapped consumer base. The changing perceptions of people towards entertainment along with a rise in their disposable income and internet usage have driven the market. The report begins with a market overview section that provides an insight into t...
- Publish Date: March 7, 2011
- $950
Local search market in India is a common platform for advertising used by business entities. It has an offline and an online category. Local search space provides a platform to the small and medium scale enterprises to advertise with regards to their products and services through local search engines and print directories such as yellow pages. The report begins with the market overview section wh...
- Publish Date: June 27, 2011
- $950
