How is the 3D Printing Market Revolutionizing Key Industries?

08 October 2019
3D Printing Market

These days, 3D printing technology is being utilized to create things that 50 years ago didn’t seem possible, such as car parts, airplane components, specialized tools, and more. It’s no surprise that because of such flexibility to adapt to various applications, the 3D printing market has had a significant impact upon a wide range of industries.

As one of the world’s experts on market research reports, Visiongain has made it their business to help keep companies informed about the 3D printing market. Below they’ve shared some insight into how it’s been revolutionizing key industries over the years.

Reductions in Manufacturing Costs

One of the foremost ways the 3D printing market has revolutionized key industries is by drastically reducing manufacturing costs. Thanks to 3D printing technology, businesses have more options at their disposal and can expand their offerings. This is because 3D printing, unlike other types of manufacturing processes, doesn’t require a mold to create products; they’re simply printed using the materials you choose. This makes it easier to mass-produce products and tweak designs in real-time, in addition to creating shorter product runs and targeted rollouts.

Easy Prototyping Process

Regardless of what industry your firm manufactures parts for, switching to 3D printing can streamline the prototyping and design process. This is because you can use much more inexpensive technology and materials to create a proof of your design and develop a prototype. You can create good looking, functional parts for a fraction of the R&D investment when compared to other alternatives.

Opportunities for Small or Niche Businesses to Compete

It wasn’t long ago when smaller businesses found it very difficult to make it in the manufacturing industry without the proper machinery and resources. However, these days, 3D printing allows smaller manufacturing firms to create niche products in a way that’s effective and affordable. With 3D printing technology storage is also easier because there’s less machinery involved.  

Gain specific market insight with Visiongain’s reporting!

Are you still curious as to how the 3D printing market is going to affect your particular industry over the coming years? Well, Visiongain has all the data to help you make the key decisions to generate long-term success. Our 3D Printing Market Yearbook provides a thorough breakdown of key developments across such sectors as healthcare, auto, aerospace, defense, and the concrete market. They also highlight key materials and technological developments and offer a forecast on how such things will affect the industry and common verticals moving forward.

To learn more about the extensive reports and forecasts available from our team, contact us online today or call +44 (0) 20 7549 9987.

Recent News

How to Choose Between 3D Printing Processes?

There has never been a better time for companies to look into the 3D printing market.  3D printers are more affordable than ever before, and there are plenty of resources available for training workers to use these systems.  However, there are several competing standards and methods for creating 3D printed items. The adoption of the tech requires picking one of …

24 January 2020

Read

Overcoming Challenges Within The 3D Printing Market

The 3D printing market has been expanding drastically over recent years, with a CAGR of over 25% that’s expected to remain steady for years to come.  Businesses are discovering a wide variety of uses for 3D printing, for everything from prototyping to producing spare parts for their own machinery.   Not every business needs a 3D printing setup, but an ever-growing …

03 January 2020

Read

“The global 3D printing ceramics market is anticipated to surpass USD 390 million by 2030”,says Visiongain

The 3D ceramic printing industry is in its initial stage of growth and faces many challenges.

20 December 2019

Read

Why is 3D Printing in the Healthcare Industry Set to Grow Hugely in the Near Future?

The 3D printing market certainly shows no signs of slowing. It seems nearly every day new technology is introduced that enables everyone from medical professionals to manufacturers to take advantage of the process. However, the healthcare industry, in particular, is poised to provide some great cutting edge advances from this innovative technology in the years ahead. As one of the …

08 November 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever