Summary

The market for additive manufacturing in South America has grown significantly, owing primarily to the gradual expansion of 3D printing as a result of increased investments by the 3D market. With 3D printing becoming a part of the industrial production process, a small group of 3D players has expressed interest in the region, with plans to open 3D shops and explore investment opportunities in the South American market. However, the high cost of 3D printers, the political and economic crises, and the skills shortage all act as impediments to South America's 3D printing market's growth potential. Rising demand for skilled employees across the additive manufacturing industry has become one of the country's major concerns, while painful transitions from economic prosperity are hampering the prospects for the country's 3D printing market. South America is a developing region where the ease of technological advancement is in a growing phase. The first additive manufacturing consortium was created in South America to enhance its north-central region's technological, scientific, and innovation cooperation. The emerging economies in countries like Brazil and Colombia are projected to grow the revenue share for the 3D printer market in South America. During the forecast period, the deployment of 3D printers in automotive and architectural activities is expected to increase in South America. Revenue growth in this market is being fuelled in part by a growing healthcare infrastructure and an uptick in the use of 3D printing for a variety of implants. Furthermore, favorable government policies and significant investments in materials R&D are expected to drive market revenue growth.

According to the research report, "South America 3D Printing Market Outlook, 2028," published by Bonafide Research, the market is projected to add USD 2.04 billion from 2023 to 2028. South America has been slower to adopt 3D technologies than other regions. This is primarily due to the fact that it requires a significant investment for many businesses, which is difficult to achieve without first-hand knowledge of the benefits of its implementation. This translates to a lack of understanding of the possibilities that additive manufacturing provides. South American countries face significant challenges in adopting advanced technologies such as additive manufacturing, including limited access to high-value knowledge and insufficient government policies to stimulate strong technological innovation, despite the fact that countries such as Brazil and Argentina have made the most progress in this area. South America still has a long way to go in terms of 3D printing, with much to learn and adopt. The most important thing, however, is to begin 3D printing training, allowing trained personnel to learn how to better utilize these adopted technologies. Actions such as the formation of business associations are already a significant step towards greater training for companies in 3D capabilities. A surge in the growth of advanced industrial landscapes is leading to an increase in advanced technological assistance, which is expected to be a growth proliferator for enhanced and embarked technology. A surge in artificial intelligence is leading to a greater and deeper penetration of cutting-edge workflow, posing numerous opportunities for artificial intelligence growth, which is expected to not only benefit various industrial growth but also drive 3D printing technology in various industrial sectors across the South American region, particularly in developing industrial landscapes, and is expected to be of great importance.

According to the report, the market is segmented into three major countries, including Brazil, Argentina, and Colombia. Among them, Brazil is leading with over 50% market share in 2022. Reputable companies such as General Motors and Toyota have established plants in Brazil, providing the South American 3D printing market with the opportunity to capitalize on the opportunity associated with working with these automobile players. The 3D printing market in Brazil is expected to expand rapidly due to advancements in printing technology and the variety and quality of printing materials. There is an increasing demand for 3D printed products from various sectors, which is boosting the country's market growth. Because of the low cost of 3D printers, consumers ranging from hobbyists to small businesses are drawn to the 3D printing market. Furthermore, the low cost of end-products, the availability of customization, and the reduced waste of raw materials are enticing consumers in the country to use 3D printers. The application of industrial 3D printing is progressing from prototyping to high-volume manufacturing. Mass production with 3D printing can dramatically reduce time to market by eliminating traditional tooling techniques and shortening lead times for prototypes and final products. 3D printers can produce strong, precise, and sophisticated metal objects, making this method ideal for use in the automotive, aerospace, and medical industries throughout South America.

The market is divided into four categories: printers, materials, software, and services. By 2028, the printer segment is expected to have a market share of more than 40%. The 3D printer was initially marketed as a novelty item rather than a useful tool. However, as a result of cost reductions and technological advancements, the market for 3D printers has grown significantly. They are used in professional printing, for example, to create lightweight, complex designs for expensive items such as racing vehicles and aircraft. The expansion of the printer segment may be attributed to the shifting perspective of 3D printing and its progress as a developing industrial solution. Furthermore, increased and improved digital service assistance, as well as an increase in the spectacular business growth prospects, make it an ideal industrial product and would be a growth catalyst in the South American 3D printing market in the future. The South American 3D printing market is expected to grow significantly in the coming years as a result of an increase in the product's diverse applications in the healthcare sector. The advancement of technology has, without a doubt, placed a strong promotional significance on their adoption and is, without a doubt, benefiting the industrial landscape of the healthcare industry as well as other industries across the region and is expected to shape the market landscape in the coming years.

The novel coronavirus outbreak has caused disruptions in many business and industrial landscapes, including the South American 3D printing market. With a massive number of cases being registered each day, the American countries have seen a significant drop in technological aid, which has disrupted the growth of many of the business competitive landscapes across the region. As a result, the technology market has slowed, owing to a disruption in business competitive landscapes and a panning out of income effect with potential investors. Due to the imposition of a nationwide lockdown in developed and developing countries across South America in order to win the bid to combat the spread of the novel coronavirus, the industry has faced numerous challenges, including reduced production and product line reductions as a result of income and demand panning out. However, as the situation normalizes, the increase in demand for the technology is expected to be seen again, and the market landscape is expected to regain traction in the coming timeframe, preserving the growth prospects of the South American 3D printing market.

South America has relatively high spending in end-user industries such as healthcare. For example, SchemaView received approval from ANVISA (the Brazilian Health Regulatory Agency) in February 2019 to use the RAPID imaging platform throughout the Brazilian region. Rapid is intended to provide physicians with fast, fully automated, elegant, and simple-to-interpret imaging that aids clinical decision-making in the context of stroke. It automatically generates simple, easy-to-understand CTA maps, including a coloured overlay to identify brain regions with low blood vessel density. A 3D reconstruction of the vasculature also allows physicians to rotate the image for optimal viewing of the vessels from different angles. Furthermore, players are merging in order to gain market share. Xact Metal also announced an exclusive sales and service partnership with Tecnologas Computarizadas para Manufactura S.A. de C.V. (TCM) in Mexico and USM Colombia in August 2022. The company intends to decentralize additive manufacturing by increasing access to affordable metal 3D printing for small-to-medium-sized businesses. TCM has been working with computer-assisted manufacturing equipment for nearly three decades and offers a variety of 3D solutions, such as metal, resin, and plastic 3D printers, as well as software support expertise.

The Brazilian government has established several initiatives to promote the development of 3D printing technology, including the creation of a national 3D printing centre and the launch of a program to provide low-cost 3D printers to schools. In Colombia, a group of researchers has developed a 3D printing technology that can produce artificial skin for burn victims using biodegradable materials. Also, 3D printing is being used to preserve the country's cultural heritage. For example, a team from the University of Antioquia used 3D scanning and printing to create replicas of pre-Columbian artifacts for educational purposes. A startup in Argentina called Trideo is using 3D printing technology to produce low-cost housing solutions for low-income families. In Brazil, the national soccer team has used 3D printing to produce customized cleats for players that are designed to fit their feet perfectly and improve their performance. Further, Chile is home to the world's largest 3D printing farm, run by a company called Copper3D. The farm has over 100 printers and can produce up to 1,000 parts per day.

Recent Developments:
• INMETRO, a Brazilian standards organization, has signed a partnership agreement with local AM company FARCCO Tecnologia Industrial to accelerate the implementation and adoption of additive manufacturing in Brazil's industrial sectors. The partners believe that AM will assist Brazilian companies in increasing their technological capacity.
• PGS was awarded a contract by Petrobras to conduct 4D seismic surveys in two offshore fields in Brazil in December 2021. The survey will begin in the second quarter of 2022 and be completed by the third quarter. Petrobras announced plans in November 2021 to invest $68 billion to increase oil production in the submarine pre-salt region. Brazilian state-owned enterprises will invest between 2022 and 2026.
• March 2020: Copper 3D, a Chilean manufacturer of innovative antibacterial filaments, designed its own version of the popular N95 protective mask and optimized it perfectly for 3D printing on desktop 3D printers of the FDM and FFF types. The project is released under an open-source license and has been simultaneously patented to prevent other entities from commercializing it.

Companies Mentioned in this Report:
3D Systems,Inc., Materialise NV, EOS GmbH, General Electric Additive, voxeljet AG , SLM Solutions, Renishaw plc, New Kinpo Group, Hoganas AB, Desktop Metal,Inc., Nano Dimension, Markforged Holding Corp

Considered in this report
• Geography: South America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• South America 3D Printing market with its value and forecast along with its segments
• Country-wise 3D Printing market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• Brazil
• Argentina
• Colombia

By Offerings:
• Printers
• Materials
• Services
• Software

By Printer Type:
• Desktop 3D Printer
• Industrial 3D Printer

By Application Type:
• Prototyping
• Functional Part Manufacturing
• Tooling

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to 3D Printing industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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