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The latest stats, published as a market analysis report in May 2021, has found that the 3D printing market size has been valued at $13.78 billion in 2020 alone and is expected to continue to grow at a rate of 21% per year up until 2028.
The adoption of new technologies, such as artificial intelligence, is shaping many changes across a wide range of industries. So, how is manufacturing adopting 3D printing? What benefits is it bringing to businesses worldwide?
The ability to speed up the manufacturing process can allow businesses to launch new products quicker after design completion. However, manufacturing needs have to be met well beyond the launch of a product’s initial volume.
3D printing can help speed up the manufacturing process. Therefore, it can kick into gear when a business has to meet demand in response to market changes. Many businesses use sales predictions to estimate how many products they could potentially sell.
Now, 3D printing the different product components make it much easier for them to be able to flexibly meet demand. This is even when they come in at a rate that is faster than they can predict.
Not every business manufacturing new goods has to implement 3D printers in their business to take advantage. The ability to create replacement parts as well as additive parts for designs can be costly to bring in-house.
Investing in expensive equipment that is only in use for a small portion of the manufacturing process can be very cost-effective. As a result, an industry of teams handing additive manufacturing through 3D printing, such as Rapidpsi.com, has cropped up to take care of these needs.
This allows the companies manufacturing the products to scale the nature of the manufacturing process. Additionally, the scaling occurs without direct investment in equipment ownership.
Companies wanting to release products can do it without the need for manufacturing process care themselves. Outsourced manufacturing has existed in many shapes for a long time, but the Manufacturing as a Service model is relatively new, sharing their infrastructure, equipment, and manufacturing capacity with other providers as part of a network.
This network then responds to customer demands. Moreover, this allows the members of the network to step in and provide what they can. The output varies depending on workload, materials, and availability at the time. 3D printing is playing a large role in the new manufacturing dynamic. This is mostly thanks to its ability to get the manufacturing process started from a digital file.
This digital nature of the work makes it easier to share. This means the digital aspect allows its passage around MaaS networks easily.
There are industries that rely on increasingly complex technologies that need development on small scales. Traditional manufacturing methods can meet these needs, but often at a higher cost since it requires more specific tooling machinery. Industries like the medical industry require the design of implants for use inside the human body, for instance.
Medicaldevice-network.com shows just some ways that 3D printing is being used in the field. 3D printing allows for the bioprinting of tissue, using substances known as bio-ink to print using real living cells.
These applications of 3D printing are still relatively young. However, expectations state that they will continue to become more widespread in their use as time goes on. In addition, the technology will decrease in cost.
One of the trends in consumer business that has been increasingly prevalent thanks to the rise of online business is the demand for more personalization of products. Mass customization is not a new model. Traditionally, it would require techniques like etching or engraving to make changes often on the surface level.
However, 3D printing can allow companies to offer deep customization and personalization of products by going further than the surface level. Making customizable molds are easier than with traditional manufacturing. Plus, changing the design of a 3D print product can often be done quicker in a digital file than having to work with physical materials.
A critical point of any manufacturing process is the design phase. This phase includes creating physical prototypes for testing, both internally and in limited market exposure. This is to ensure that products meet all the needs of their customers. Reshaping a traditional manufacturing set-up during prototyping to meet the change requests following tests can be tedious and costly.
However, as MachineDesign.com shows, 3D printing can be used to create and change prototypes much more quickly, allowing changes to be implemented much more quickly. The speed of prototyping has seen 3D printers gain much more use in educational settings, as well, allowing young engineers and designers to see their ideas come to life much more easily.
The ability to consolidate their supply chain is allowing businesses to bring much more of the processes they rely on in-house. This includes the ability to bring manufacturing, or at least parts of it, in-house with the use of 3D printers. While 3D printers still require technical expertise to use, it’s a lot less of an investment for businesses to invest in 3D printing equipment and the people to use it than the plethora of manufacturing steps and machines they would need to buy otherwise.
3D printing is here to stay. Expectations are for it to shine a light on even more changes in manufacturing, design, prototyping, and engineering products and solutions across a range of industries.
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Written by: Partner Contributor
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