How Growth in 3D Printing Market can Impact the Lifestyle of Humans
3D printing growth has become one of the most preferred sources for production and manufacturing for many industries. The reasons are obvious. Versatility, low production costs, and extreme levels of customization. Researchers across the globe area also trying to print human organs through 3D printers as these can develop and deliver complex design with multiple layers of details with adequate accuracy. This has become a huge market that caters to industries that require highly customized mass produced products at frequent intervals. Industries such as Original Equipment manufacturers (OEM) that cater to automotive customers need customized spares and related products. Similarly, this is also the case with pharmaceuticals industry as they also require specific machines and equipment in various needs.
The global 3D printing market has grown with exponential pace and it has enhanced its end-user base quite well. The industry is showing fast growth which is expected to be realized in the coming 5-7 years. The 3D printing technology is likely to incorporate bio-printing of human limbs and organs by 2020 and mass production on an industrial scale is projected to take place by 2025. As of now, the industry is catering to a variety of other industries such as construction, defense, and aerospace. These 3 industries are witnessing rising demands of 3D printed products at a Compound Annual Growth Rate (CAGR) of 15 percent which is likely to reach approximately 25 percent by 2025. The reasons are amazing customization ability of 3D printers that can deliver great results without affecting the complexity of the end product.
How 3D Market can Impact People’s Lifestyle:
3d printing is a revolutionary technology that can basically create products that do not require traditional manufacturing techniques at all. 3D printing is way simpler and cost-effective than traditional production methods such as molding, casting, or permanent assembling. However, the use of 3D printing is still limited to specific materials such as plastics, polymers and soft metals. That is because of the limitations of the current 3D printing technology.
Watching a 3D printing machine work is no less than some magic as it lays the layers of the materials upon one another and creates a final product. Small-scale 3D printing machines can produce object of a limited size and proportions. Nonetheless, the industrial 3D printing is not far as the technological innovations in this field are underway.
3D Printing Technology
The current 3D printing technology has put an indirect impact on the lives of the people as they can produce objects as per their personal needs. For instance, people often need models for their children’s science projects or so. Both the parents and kids struggle hard and wander from shop to shop to buy and assemble objects for making the final product. 3D printers can solve this issue in no time. They only have to upload the CAD file into the system and the printer starts working.
The same is the case with automotive spares and personal objects that are dear to people. Car and bike enthusiasts often seek to modify their vehicles. In such a situation, they usually spend a lot of money in the custom shops for simple plastic/fiber parts.
3D printing seems the tech of the future as it has already grabbed attention of the manufacturers across the globe. With such an exponential growth in the industry, 3D printing market is going to take over the manufacturing industry by storm which will be a great positive.