MENA Market Insights on 3D Printing: Insights & Forecasts, 2019-2025: 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))
Region:Global
Product Code:UMME19182
August 2019
178
About the Report
The Middle East and North Africa 3D printing market is segmented based on component, sub-component, applications, and technology and industrial verticals. Product (industrial and desktop printer), material (polymer, plastics, metal & alloy, ceramic and other) and services are the types of components considered while analysing and defining the penetration of 3D printing technology in different geographies and countries. In 2017, product segment dominated the Middle East and North Africa 3D printing market with maximum share in terms of revenue. Based on estimation, the segment occupied for around 36.8% share in the same year. However, increasing demand for desktop printers would help the product segment to grow at a faster rate of 30.4% during the forecast period (2018-2024).
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 USD 31 Million in 2017 and is projected to derive USD 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 USD 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 USD 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 USD 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 USD 0.47 Billion in 2015 to USD 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 USD 66.3 Million in 2017 towards regional 3D printing sales and is further projected to garner USD 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.
Scope of the Report
Products
Companies
3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Autodesk, Inc., The ExOne Company, Hoganas AB, Organovo Holdings, Inc., Mcor Technologies Ltd., Voxeljet AG
Table of Contents
1. MARKET INTRODUCTION
1.1 Market Definition 14
1.2 Objective of the Study 14
1.3 Limitation 14
1.4 Stakeholders 14
1.5 Currency used in the Report 15
1.6 Scope of MENA 3D Printing Market Study 15
2. RESEARCH METHODOLOGY OR ASSUMPTION 16
2.1 Research Methodology for MENA 3D Printing Market Study 16
2.1.1 Main objective of the MENA 3D Printing Market Study 17
3. INDUSTRY PERFORMANCE 18
4. EXECUTIVE SUMMARY 20
5. MARKET OVERVIEW 23
5.1 Introduction 23
5.2 Market Dynamics 24
5.2.1 Market Drivers 24
5.2.1.1 Booming 3D technique in Industrial application 24
5.2.1.2 Government Support 25
5.2.1.3 Disrupting Manufacturing Sector 25
5.2.2 Market Restraints 26
5.2.2.1 3D Printing held back by High Cost 26
5.2.2.2 Limited Resource Pool in 3D Printing 26
5.2.2.3 Lack of Awareness 26
5.2.3 Opportunities in the Market 27
5.2.3.1 Technological advancement in Healthcare industry (especially Medical Devices) 27
5.2.3.2 Faster Supply Chain and Reduced Lead Times 27
5.2.3.3 Increasing use of 3D Printing technology in Manufacturing 28
5.2.3.4 Increasing Spending on 3D Printing Technology 29
6. TOP NEWS RELATED TO 3D PRINTING IN MIDDLE EAST REGION 30
6.1 Siemens AG and Strata Manufacturing PJSC entered into a partnership with Etihad Airways, to enhance the 3D printing technology in MENA region 30
6.2 3DVinci Creations and Ai Build Sign Agreement to Expand Large-Scale 3D Printing Use in the UAE 30
6.3 MSF Hospital in Jordan Continues to Help Wounded Victims of War with 3D Printed Prosthetics 30
6.4 Siemens, Strata and Etihad Brings 3D Printed Aircraft Components to the Middle East and North Africa 30
6.5 3D printing is efficient and highly customizable, and has potential applications across a wide range of industries 30
6.6 COBOD 3D Printer Ordered for Construction in Saudi Arabia 31
6.7 Saudi Arabia's Housing Ministry and Al Kathiri Holding to Develop Concrete 3D Printing Processes 31
6.8 WinSun Agrees to Provide 100 3D Printers to Saudi Arabian Contractor for 1.5 Million New Homes 31
6.9 Introducing the NEW Stratasys F120 Desktop FDM 3D Printer 31
6.10 Cazza to build world's first 3D printed skyscraper 31
6.11 Qatar University Prepares for 2022 World Cup with 3D Printed Stadium Models 31
7. MIDDLE EAST 3D PRINTING VALUE CHAIN 32
7.1 Key Facts on Additive manufacturing in Middle East 32
7.2 Middle East 3D Printing Value Chain 33
8. MARKET INSIGHTS, BY COMPONENT 34
8.1 General Overview 34
8.1.1 MENA 3D Printing Product Component Market, by Printer Type 35
8.1.1.1 Professional/Industrial Printer 35
8.1.1.2 Personal/Desktop 3D Printers 37
8.1.2 MENA 3D Printing Material Component Market, by Material Type 39
8.1.2.1 Polymer Material 40
8.1.2.2 Plastic Material 41
8.1.2.3 Metals and Alloys Material 42
8.1.2.4 Ceramic Material 44
8.1.2.5 Other Materials 45
8.1.3 MENA 3D Printing Service Component Market, by Service Type 46
8.1.3.1 Custom Design and Manufacturing Service 47
8.1.3.2 After Sales Service 48
8.1.4 MENA 3D Printing Other (Software) Component Market 50
9. 3D PRINTING MARKET INSIGHTS, BY TECHNOLOGY 51
9.1 General Introduction 51
9.1.1 Fused Deposition Modelling 52
9.1.2 Selective Laser Sintering 53
9.1.3 Stereolithography Technology 55
9.1.4 Electron Beam Melting 56
9.1.5 Laminated object Manufacturing 57
9.1.6 Other Technologies 59
10. 3D PRINTING MARKET INSIGHTS, BY APPLICATION 60
10.1 General Overview 60
10.1.1 Functional Parts Production 61
10.1.2 Fit & Assembly 62
10.1.3 Prototype Modelling 62
10.1.4 Education/Research 64
10.1.5 Metal Casting 65
10.1.6 Visual Aids 66
10.1.7 Presentation Modelling 68
10.1.8 Other Applications 69
11. 3D PRINTING MARKET INSIGHTS, BY END-USER INDUSTRY 70
11.1 General Introduction 70
11.1.1 Aerospace & Defence 71
11.1.2 Healthcare Industry 72
11.1.3 Manufacturing Industry 74
11.1.4 Automotive Industry 75
11.1.5 Consumer Goods Industry 76
11.1.6 Educational Industry 78
11.1.7 Construction Industry 79
11.1.8 Other Industries 80
12. 3D PRINTING MARKET INSIGHTS, BY COUNTRY 82
12.1 General Overview 82
12.1.1 UAE 3D Printing Market Insights 84
12.1.1.1 UAE 3D Printing Market, by Component 85
12.1.1.2 UAE 3D Printing Product Component Market, by Printer Type 85
12.1.1.3 UAE 3D Printing Material Component Market, by Material Type 86
12.1.1.4 UAE 3D Printing Service Component Market, by Service Type 86
12.1.1.5 UAE 3D Printing Market, by Technology 86
12.1.1.6 UAE 3D Printing Market, by Application 87
12.1.1.7 UAE 3D Printing Market, by End-User Industry 88
12.1.2 Qatar 3D Printing Market Insights 88
12.1.2.1 Qatar 3D Printing Market, by Component 88
12.1.2.2 Qatar 3D Printing Product Component Market, by Printer Type 89
12.1.2.3 Qatar 3D Printing Material Component Market, by Material Type 90
12.1.2.4 Qatar 3D Printing Service Component Market, by Service Type 91
12.1.2.5 Qatar 3D Printing Market, by Technology 91
12.1.2.6 Qatar 3D Printing Market, by Application 92
12.1.2.7 Qatar 3D Printing Market, by End-User Industry 92
12.1.3 Kingdom of Saudi Arabia 3D Printing Market Insights 93
12.1.3.1 Saudi Arabia 3D Printing Market, by Component 93
12.1.3.2 Saudi Arabia 3D Printing Product Component Market, by Printer Type 94
12.1.3.3 Saudi Arabia 3D Printing Material Component Market, by Material Type 94
12.1.3.4 Saudi Arabia 3D Printing Service Component Market, by Service Type 95
12.1.3.5 Saudi Arabia 3D Printing Market, by Technology 95
12.1.3.6 Saudi Arabia 3D Printing Market, by Application 96
12.1.3.7 Saudi Arabia 3D Printing Market, by End-User Industry 96
12.1.4 Kuwait 3D Printing Market Insights 97
12.1.4.1 Kuwait 3D Printing Market, by Component 97
12.1.4.2 Kuwait 3D Printing Product Component Market, by Printer Type 98
12.1.4.3 Kuwait 3D Printing Material Component Market, by Material Type 98
12.1.4.4 Kuwait 3D Printing Service Component Market, by Service Type 99
12.1.4.5 Kuwait 3D Printing Market, by Technology 99
12.1.4.6 Kuwait 3D Printing Market, by Application 100
12.1.4.7 Kuwait 3D Printing Market, by End-User Industry 100
12.1.5 Egypt 3D Printing Market Insights 101
12.1.5.1 Egypt 3D Printing Market, by Component 101
12.1.5.2 Egypt 3D Printing Product Component Market, by Printer Type 102
12.1.5.3 Egypt 3D Printing Material Component Market, by Material Type 102
12.1.5.4 Egypt 3D Printing Service Component Market, by Service Type 103
12.1.5.5 Egypt 3D Printing Market, by Technology 103
12.1.5.6 Egypt 3D Printing Market, by Application 104
12.1.5.7 Egypt 3D Printing Market, by End-User Industry 104
12.1.6 Algeria 3D Printing Market Insights 105
12.1.6.1 Algeria 3D Printing Market, by Component 105
12.1.6.2 Algeria 3D Printing Product Component Market, by Printer Type 106
12.1.6.3 Algeria 3D Printing Material Component Market, by Material Type 106
12.1.6.4 Algeria 3D Printing Service Component Market, by Service Type 107
12.1.6.5 Algeria 3D Printing Market, by Technology 107
12.1.6.6 Algeria 3D Printing Market, by Application 108
12.1.6.7 Algeria 3D Printing Market, by End-User Industry 108
12.1.7 Rest of Middle East and North Africa 3D Printing Market Insights 109
12.1.7.1 Rest of MENA 3D Printing Market, by Component 109
12.1.7.2 Rest of MENA 3D Printing Product Component Market, by Printer Type 110
12.1.7.3 Rest of MENA 3D Printing Material Component Market, by Material Type 110
12.1.7.4 Rest of MENA 3D Printing Service Component Market, by Service Type 111
12.1.7.5 Rest of MENA 3D Printing Market, by Technology 111
12.1.7.6 Rest of MENA 3D Printing Market, by Application 112
12.1.7.7 Rest of MENA 3D Printing Market, by End-User Industry 112
13. COMPETITIVE SCENARIO 113
13.1 MENA 3D Printing Market Share Analysis 113
14. COMPANY PROFILES 116
14.1 3D Systems Corporation 116
14.1.1 Key Facts 116
14.1.2 Business Description 116
14.1.3 Key Product/Services Offerings 116
14.1.4 Growth Strategy 117
14.1.5 SWOT Analysis 117
14.1.6 Key Financials 118
14.1.6.1 Revenue Split 118
14.1.7 Recent developments 120
14.2 Arcam AB 121
14.2.1 Key Facts 121
14.2.2 Business Description 121
14.2.3 Key Product/Services Offerings 121
14.2.4 Growth Strategy 122
14.2.5 SWOT Analysis 122
14.2.6 Key Financials 123
14.2.7 Recent developments 124
14.3 Royal DSM N.V. 124
14.3.1 Key Facts 124
14.3.2 Business Description 124
14.3.3 Key Product/Services Offerings 124
14.3.4 Growth Strategy 125
14.3.5 SWOT Analysis 125
14.3.6 Key Financials 126
14.3.6.1 Revenue Split 126
14.3.7 Recent developments 128
14.4 Stratasys Ltd. 129
14.4.1 Key Facts 129
14.4.2 Business Description 129
14.4.3 Key Product/Services Offerings 129
14.4.4 Growth Strategy 130
14.4.5 SWOT Analysis 130
14.4.6 Key Financials 131
14.4.6.1 Revenue Split 132
14.4.7 Recent developments 133
14.5 Autodesk, Inc. 134
14.5.1 Key Facts 134
14.5.2 Business Description 134
14.5.3 Key Product/Services Offerings 134
14.5.4 Growth Strategy 135
14.5.5 SWOT Analysis 135
14.5.6 Key Financials 136
14.5.6.1 Revenue Split 136
14.5.7 Recent developments 138
14.6 The ExOne Company 139
14.6.1 Key Facts 139
14.6.2 Business Description 139
14.6.3 Key Product/Services Offerings 139
14.6.4 Growth Strategy 140
14.6.5 SWOT Analysis 140
14.6.6 Key Financials 141
14.6.6.1 Revenue Split 142
14.6.7 Recent developments 142
14.7 Hoganas AB 142
14.7.1 Key Facts 142
14.7.2 Business Description 143
14.7.3 Key Product/Services Offerings 143
14.7.4 Growth Strategy 143
14.7.5 SWOT Analysis 143
14.7.6 Recent developments 144
14.8 Organovo Holdings, Inc. 144
14.8.1 Key Facts 144
14.8.2 Business Description 145
14.8.3 Key Product/Services Offerings 145
14.8.4 Growth Strategy 145
14.8.5 SWOT Analysis 146
14.8.6 Key Financials 146
14.8.7 Recent developments 147
14.9 Mcor Technologies Ltd. 147
14.9.1 Key Facts 147
14.9.2 Business Description 148
14.9.3 Key Product/Services Offerings 148
14.9.4 Growth Strategy 149
14.9.5 Key Financials 149
14.9.6 Recent developments 149
14.10 Voxeljet AG 150
14.10.1 Key Facts 150
14.10.2 Business Description 150
14.10.3 Key Product/Services Offerings 150
14.10.4 Growth Strategy 151
14.10.5 SWOT Analysis 151
14.10.6 Key Financials 151
14.10.6.1 Revenue Split 152
14.10.7 Recent developments 153
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