3D Printing Market in Emerging Economies Report, published by Allied Market Research, forecasts that the global market is expected to garner $4.5 billion by 2020, registering a CAGR of 37.4% during the forecast period.
The additive manufacturing and rapid prototyping process adopted by the leading manufacturing companies would propel the growth of the 3D printing technologies. Amongst the emerging markets, India and China are the most opportunistic regions for the development of 3D printing; therefore, market leaders are looking to capitalize on the prevailing opportunities in these countries. T
he adoption of the technology would lead to low labour cost and efficient use of printing material, which would give a competitive edge to manufacturing companies. General Electric, on the other hand, explored the potential in the Indian market by incorporating additive manufacturing technology in manufacturing plastic parts and eventually also used the technology in manufacturing metal parts. Key companies […]
Above: PepsiCo food, snack, and beverage product line-up/Source: PepsiCo PepsiCo turned to tooling with 3D printing...