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Promising 3D Printing Market in UAE


The UAE 3D printing market is projected to grow at a CAGR of 55.3% during 2019 to 2024. The introduction of 'Dubai 3D Printing Strategy' in 2016, this market in UAE exhibited a healthy growth. Also, the government's agenda to make UAE a global hub for 3D printing is further adding to this growth in the market.

Hence, rising investment from both government and private sectors along with initiatives for increasing awareness regarding the technology and its areas of application will propel significant growth of the market. As per some reports, the architecture sector is the highest revenue generating sector for 3D printing market in UAE.

Binder jetting being a widely used technology for architectural modeling. In the coming years, architectural market is likely to reach higher growth, majorly driven by the booming construction market in UAE. Additionally, more than $160 billion new projects were awarded for next 3 years.

The consumer sector comes second in terms of revenue generation, driven by rising awareness and inclination towards new technology adoption among customers. UAE is a fresh and progressive market with only 5-6 major players in the region. They are all only 2-3 years old and there are only three service bureaus which are completely involved in 3D printing.

The opportunity also becomes huge as the plans for future are very promising. Like in 2025, based on Dubai Municipality’s regulations, every new building in Dubai will be 25% 3D printed; this move will start from 2019, starting at 2% with a gradual increase to the strategic goal. Dubai Health Authority will be regulating and setting the standards to the use of the technology in the health sector, and will explore the use of 3D printed prosthetic limbs, teeth, and hearing aids in public clinics and hospitals.


Source : www.newzmart.com
Posted on :3/22/2019