3D printing, also called Additive Manufacturing, has experienced great adoption in the production industry. This is where its ability to make custom-designed parts or complete products in tiny batches is extremely attractive. That is for some manufacturers.
The 2019 Wohlers report gives a picture of the business’s projected development. Many professionals perceive this report as the best resource for the 3D printing sector’s pulse. The report predicts that the market value for 2020 is $15.8bn. That is for all 3D printing services and products globally.
This figure is expected to go up to $23.9bn in 2022 and $35bn in 2024. Statista’s prediction of January reveals that worldwide spending on 3D printing in 2019 is expected to be $13.8 billion. That is up from 2018 by 21.2%.
Less common in market information is that of 3D printing at wholesale, utilized for sequences of thousands of parts. That is at a time rather than tiny batches of many or less hundred. The November 18, outcomes from self-supporting research reveals the same growth amidst large scale use. The research was approved by industrial 3D printing solutions provider Essentium.
The questionnaire surveyed 12 directors and administrators around a combination of roles. All of them were from producing companies of different sizes and end-markets across the globe. They were surveyed about their challenges, experiences, and trends with additive manufacturing for production manufacturing.
These were the findings:
40 percent of respondents are utilizing 3D printing for large scale manufacturing. This is about double the 21 percent of who indicated so a year before.
⅔ of firms proclaim they have over-doubled their usage of industrial-scale Additive manufacturing
47% are currently utilizing the technology for a series of thousands of printed components. This is up 17 percent from 2018
58 percent of respondents state that lowered prices are a key push for adoption. 61 percent state they adopting full-scale additive manufacturing to lower lead times. Also, 59 percent, think adoption will benefit them through mass customization. 59 percent are seeking to raise the speed to part manufacturing. Additionally, 51 percent want to attain high component part performance.
“We have bet big on our vision to smash through the limitations surrounding industrial-scale additive manufacturing so that customers can benefit from the transformative impact of this incredible technology,” stated Blake Teipel, the Essentium co-founder and CEO.