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PwC study reveals growth in industrial 3D printing

by • May 5, 2016 • No Comments

Global consulting giant PwC has generated a study that shows 3D printing is finally coming of age and becoming a viable solution for weight making.

The industry has come on in leaps and bounds in new years and PwC has generated two reports in two years, with markedly various results. Rough rapid prototypes have given way to finished products and industry as a whole is waking up to this disruptive innovation.

Spending on the increase

Global spending on printing equipment increased to $11 billion in 2015 and that is set to increase to $27 billion in 2019. The consulting group predicts an explosion in the home printing market, so consumers can form a sizeable part of this growth.

But as the printing equipment get faster and create advantageous results and industrial systemes manufacture advantageous uses of ceramics, metals and actually the likes of Graphene, it may well take over as the leading production method in big business, too.

The speed of progression in 3D printing has been impressive. 71.1% of US making companies now use 3D printing in a few way, with 31.4% adopting it for rapid prototyping. The study showed that 42% of manufacturers assume to use 3D printing for weight making in the following 3-5 years, but only 6.6% are via it to create end products right now.

So much additional to come

That means we have barely scratched the surface and we are set for serious progress in the coming years. There are all kinds of applications that we only hadn’t considered, too. When a machine is rendered obsolete, securing parts for them can be an arduous task. With a 3D printing device on the premises, companies can go on to service older machines and that may save you money, effort and extend the life of a product. This is all great news.

Our belief of how the 3D print system can affect business is begining to flourish, too, with businesses now realising that it won’t only affect the donate chain. 22% yet believe that restructuring the donate chain can be the many worthwhile alter, while 18% now say it can alter their relationship with customers.

22% have become concerned with the ease with that their intellectual property can be copied and this is a quite real issue that we can have to face at a few point.

Cost, concerns of their faculty to exploit the innovation and high end are the main barriers to entry into 3D printing as a production system right now.

3d printing

When to pull the trigger?

3D printing equipment are advancing at such a rate that it’s understandable that companies can want to wait for the innovation to mature preceding ploughing massive resources into a 3D printed making line. There is no effortless answer to this as we are at the begin of a development curve and, as with home computers, the equipment is most likely to be obsolete almany as soon as it hits the factory floor.

This adds worthwhilely to the overall cost equation, but once the high end of the 3D printing equipment matches current production levels and so it may well tip the equation back in additive printing’s favour and at that point the manufacturers can finally decide to jump.

41.3% of manufacturers believe they just don’t have the ability on board to exploit the innovation to its fullest, but this is a relatively easy problem to fix and they’re a recruitment drive away of the solution.

The next is bright for 3D printing

There is no doubt that many leading manufacturers, of clothing companies to aerospace suppliers, are now thinking how to incorporate 3D printing in to their workflow. It has gone of a curiosity only a few years ago to an absolute necessity inside a few years.

When PwC revisit this in another two years, may you bet against them finding a various landscape dominated by 3D printing?

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