08 October 2019
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.
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