19-Nov-2024
The rising collaboration among key players in the region is driving the Indonesia additive manufacturing market demand during the forecast period.
The Indonesia Additive Manufacturing Market size was valued at USD 186.9 million in 2023, and is predicted to reach USD 985.2 million by 2030, at a CAGR of 25.2% from 2024 to 2030. In terms of volume, the market size was 8 thousand units in 2023, and is projected to reach 52 thousand units by 2030, with a CAGR of 27.6% from 2024 to 2030, according to the new research by Next Move Strategy Consulting.
Collaboration among key regional stakeholders is crucial for advancing Indonesia's industrial sectors and accelerating the adoption of cutting-edge manufacturing technologies such as additive manufacturing (AM).
Through strategic partnerships involving government entities, private enterprises, research institutions, and educational organizations, Indonesia is fostering an ecosystem that promotes innovation and technological adoption.
For example, in November 2022, Bakrie Group and Construction of Buildings on Demand (COBOD) International partnered to establish PT Modula Tiga Dimensi, focusing on promoting 3D construction printing (3DCP). This initiative aims to transform Indonesia's construction industry by introducing efficient and environmentally-friendly building methods.
Such collaborations facilitate knowledge exchange, skill development, and infrastructure enhancement, thereby driving the adoption of AM in Indonesia and propelling the additive manufacturing market landscape forward.
However, the substantial initial costs associated with 3D printing equipment, materials, and training pose a significant barrier to the Indonesia additive manufacturing market expansion. This considerable investment represents a major challenge for businesses, particularly smaller ones, limiting their ability to enter the industry or scale their operations.
Additionally, the added expenses for materials and training further escalate the overall financial burden. Consequently, many businesses hesitate to adopt AM technology due to these financial constraints, impeding the Indonesia additive manufacturing market growth.
On the other hand, integrating AI into AM holds considerable potential for stimulating the Indonesia additive manufacturing market trends by streamlining production processes, enhancing product design capabilities, and enabling the creation of highly personalized and intricate objects.
Through AI integration, companies can analyze extensive datasets collected during the printing process, encompassing material properties, printing parameters, and environmental conditions. This analysis facilitates pattern recognition, optimization of settings, and prediction of potential defects, thereby enhancing print quality and reducing waste.
Several market players operating in the Indonesia additive manufacturing industry EOS GmbH, Zelta 3D, 3D Chimera, Jasa 3D, Xometry, Centralab, Formero, Kenna Metal, URALA International, Stratasys and others.
The information related to the key drivers, restraints, and opportunities and their impact on the Indonesia additive manufacturing market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the Indonesia additive manufacturing industry is provided in the report along with their competitive analysis.
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