Latin America Industrial 3D Printing Market: Industry Analysis and Forecast (2022-2029)

Latin America Industrial 3D Printing Market size was valued at US$ 383.26 Mn. in 2021 and the total revenue is expected to grow at a CAGR of 5.34% from 2022 to 2029, reaching nearly US$ 581.09 Mn.
Latin America Industrial 3D Printing Market Overview:
market is expected to reach US$ 581.09 Mn. by 2029. The use of industrial 3D printing is evolving beyond prototyping to high-volume manufacturing. By doing away with conventional tooling techniques and shortening the lead times for prototypes and final products, mass production with 3D printing can dramatically reduce time to market. Strong, precise, and sophisticated metal objects can be produced using 3D printers, which makes this method perfect for use in the automotive, aerospace, and medical industries. This report focuses on the different segments of the market (Offering, Process, Technology, Application, and Industry). This report provides a thorough overview of the leading industry players. It provides a comprehensive analysis of the extraordinary modern-era growth in the many sectors. Figures, graphics, and slideshows emphasise the essential data analysis from 2017 to 2021. The market drivers, restraints, opportunities, and challenges for Latin America Industrial 3D Printing are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the market.



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Latin America Industrial 3D Printing Market Dynamics:
Increasing emphasis on 3D printing's high-volume manufacturing

High-volume production is becoming a reality for industrial 3D printing technologies. For low- to medium-volume production, 3D printing is now regarded as an appropriate method. On the other hand, opportunities for 3D printing in high-volume manufacturing are expected to materialize in the Latin America during the forecast period. High-volume additive manufacturing (AM) is the utilization of 3D printing technologies and procedures for production at volumes below one million units. Because it can accommodate a wide range of items, high-volume AM has an advantage. A single 3D printing machine and the procedure may produce several products in a batch with various designs by doing away with tooling. Time to market is a key aspect in determining a brand's success in businesses that are very competitive. By doing away with conventional tooling techniques and shortening the lead times for prototypes and final products, mass production with 3D printing can dramatically reduce time to market.

Metal binder jetting is one of the important technologies that will probably be employed in 3D printing volume manufacturing. The method offers the unique ability to produce high-precision components utilizing inexpensive injection-molded metals at high printing rates. Binder jetting printers have developed into production-ready devices as of 2019, due to increased R&D efforts.

High investment need for additive manufacturing

Investing in an industrial 3D printer might be a significant capital expense for a business. For example, an SLM printer costs about USD 200,000 while a Metal FDM printer costs about USD 100,000. Additionally, it frequently includes expenditures for hiring personnel to install hardware, maintain software, and make purchases and maintenance. The total cost of equipment ownership includes fixed costs including those related to 3D printers, service contracts, installation, and maintenance. These costs are incurred whether the 3D printer is inactive or cranks out dozens of pieces each week.

Moreover, the cost of raw 3D printing materials and other supplies needed to make parts varies. When making huge products with 3D printers, powdered metals can be prohibitively pricey and expensive. Additionally, an additive manufacturing setup can necessitate changing the way things are done generally. The price of pre- and post-processing 3D-printed objects is another issue that worries end users. Depending on the 3D printing process, several post-processing workflows are used, but they typically involve cleaning the pieces and removing supports or extra material. For instance, to enhance the quality and get rid of layer lines on FDM parts, extensive human post-processing is needed.

Environmental effects of large-scale 3D printing

For 3D printing, plastic filament is a common material. Despite being reasonably priced, its byproduct is disposed of in landfills. A considerable amount of 3D printing byproducts may be released into the environment as a result of its widespread use. Energy utilization in 3D printing is another problem. When producing an object of the same weight, 3D printers need 50–100 times more electrical energy than conventional injection moulding. On the other hand, traditional foundry equipment consumes more than 100 times as much electricity as laser direct metal deposition. Industrial 3D printers must have exhaust ventilation or filtering accessories and be utilized in an environment with sufficient ventilation.
Latin America Industrial 3D Printing Market Segment Analysis:
The market is segmented by Offering, Process, Technology, Application, and Industry.

Based on the Offering, the market is segmented into Printers, Materials, Software, and Services. Printers segment is expected to hold the largest market share of xx% by 2029. The 3D printer was initially presented as more of a novelty item than a useful utility. However, the market for 3D printers has significantly increased as a result of cost reductions and technological developments. For example, they are utilised in professional printing to create lightweight, complicated designs for expensive goods like racing vehicles and aircraft. The shifting perspective of 3D printing and its progress as a developing industrial solution might be ascribed to the growth of the printers segment.

Based on the Process, the market is segmented into Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, and Others. Powder Bed Fusion Process segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to the fact that it is one of the most widely utilised 3D printing techniques for industrial additive manufacturing (AM). Two well-known procedures in this category are selective laser sintering (SLS) of plastics and selective laser melting (SLM) of metals. When working with plastic and its related derivatives, powder bed fusion has the benefit over other methods in that it doesn't need support structures because the powder bed that surrounds the pieces already offers such support. In this method, post-processing does not require support removal from the pieces.

Based on the Industry, the market is segmented into Aerospace & Defense, Printed Electronics, Automotive, Food & Culinary, Healthcare, and Others. Aerospace & Defense segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Military, commercial, and industrial applications all use industrial 3D printing in the aerospace & defence sector. The development of 3D printing technology for producing parts and prototyping is being significantly aided by the aerospace and defence sector. Industry participants favour 3D printing because it helps to ease supply chain bottlenecks, eliminate material waste, and necessitates little warehousing space. Aircraft manufacturing businesses benefit greatly from the quick, on-demand fabrication of aircraft parts made possible by 3D printing in terms of space, time, and money. The major companies using 3D printing to address challenging engineering issues and produce specialty parts include NASA, Boeing, and Airbus.
Latin America Industrial 3D Printing Market Country wise Insights:
Brazil is expected to dominate the market during the forecast period 2022-2029. Brazil is expected to hold the largest market shares of xx% by 2029. This is due to the rising applications for 3D-printed metal parts, rising demand for high-performance metals, and widespread use and production of products based on 3D printing technology in this Country.



The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Latin America Industrial 3D Printing Market dynamic and structure by analyzing the market segments and projecting the Latin America Industrial 3D Printing Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Latin America Industrial 3D Printing Market make the report investor’s guide.
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Latin America Industrial 3D Printing Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 383.26 Mn.


Forecast Period 2022 to 2029 CAGR:
5.34%
Market Size in 2029:
US $ 581.09 Mn.


 Segments Covered:
by Offering
• Printers
• Materials
• Software
• Services


by Process
• Binder Jetting
• Direct Energy Deposition
• Material Extrusion
• Material Jetting
• Powder Bed Fusion
• Others


by Technology
• Sterorlithography
• Fused Modelling Deposition (FDM)
• Selective Laser Sintering (SLS)
• Direct Metal Laser Sintering (DMLS)
• Laminated Object Manufacturing (LOM)
• Others


by Application
• Prototyping
• Manufacturing
• High Voltage


by Industry
• Aerospace & Defense
• Printed Electronics
• Automotive
• Food & Culinary
• Healthcare
• Others



Latin America Industrial 3D Printing Market, by Region
• Brazil
• Argentina
• Rest Of Latin America
Latin America Industrial 3D Printing Market Key Players
• Stratasys
• 3D Print Pulse
• Sethi3D
• Sciaky Inc.
• BigRep 3D
• Robtec
• 3D Systems
• Optomec
• Formlabs
• Zortrax
• Renishaw PLC
• EOS GmbH
• Prodways
• EnvisionTEC GmbH

Frequently Asked Questions:

1] Which Country is expected to hold the highest share in the Latin America Industrial 3D Printing Market?
Ans. Brazil is expected to hold the highest share in the Latin America Industrial 3D Printing Market.

2] Who are the top key players in the Latin America Industrial 3D Printing Market?
Ans. Stratasys, 3D Print Pulse, Sethi3D, Sciaky Inc., BigRep 3D, and Robtec are the top key players in the Latin America Industrial 3D Printing Market.

3] Which segment is expected to hold the largest market share in the Latin America Industrial 3D Printing Market by 2029?
Ans. Printers segment is expected to hold the largest market share in the Latin America Industrial 3D Printing Market by 2029.

4] What is the market size of the Latin America Industrial 3D Printing Market by 2029?
Ans. The market size of the Latin America Industrial 3D Printing Market is expected to reach US $581.09 Mn. by 2029.

5] What was the market size of the Latin America Industrial 3D Printing Market in 2021?
Ans. The market size of the Latin America Industrial 3D Printing Market was worth US $383.26 Mn. in 2021.