3D Printing Industry Outlook (2019 Overview)
The 3D printing industry is one of the most exciting and rapidly growing industries in the world. It has been predicted that the global 3D printing market will reach a value of over $35 billion by 2024. With technology advancing at such a rapid pace, it’s easy to see why this industry is so popular.
3D printing is a process of creating three-dimensional objects from a digital file. It is also known as additive manufacturing since it involves adding layer upon layer of material until an object is created. The technology can be used to create a wide range of products, from toys to airplanes.
Advantages of 3D Printing
3D printing offers several advantages over traditional manufacturing methods. One of the biggest advantages is its cost-effectiveness. 3D printers are much cheaper than traditional manufacturing equipment, making them ideal for small businesses or individuals who don’t have the budget for expensive machinery. Moreover, 3D printing allows for custom designs, which can be beneficial if you need to produce a unique product.
3D printing is also much faster than traditional manufacturing methods. It takes much less time to produce a finished product with a 3D printer than it does with traditional manufacturing methods. This makes 3D printing ideal for those who need to produce items in a short amount of time.
In addition, 3D printing allows for more complex designs than traditional manufacturing methods. This is because 3D printers can print objects in multiple colors and layers, which gives designers more freedom when creating their products.
3D Printing Industry Outlook 2019
The 3D printing industry is expected to continue to grow in 2019. According to research firm Gartner, the 3D printing market will reach a value of $6.5 billion by 2022. This growth is mainly driven by the increasing adoption of 3D printing in various industries such as aerospace, automotive, healthcare, and consumer electronics.
One of the main drivers of the 3D printing industry in 2019 is the increasing popularity of metal 3D printing. This technology has been gaining traction in the automotive and aerospace industries due to its ability to produce high-strength parts with complex geometries. Metal 3D printing is also becoming more affordable, making it an attractive option for small businesses and individuals.
Another trend that is likely to shape the 3D printing industry in 2019 is the emergence of new materials. Companies are developing new materials that are stronger, lighter, and more flexible than traditional materials. These new materials are also easier to work with, which is making them increasingly popular with designers and engineers.
Finally, the development of new 3D printing technologies is expected to drive growth in the industry. Companies such as Carbon, HP, and Stratasys are developing new technologies that offer faster speeds, higher resolutions, and better surface finishes. These developments are making 3D printing more appealing to a wider range of businesses and industries.
Conclusion
The 3D printing industry is expected to continue to grow in 2019 as more businesses and industries adopt the technology. Companies are investing in new materials and technologies to make 3D printing faster, more accurate, and more cost-effective. This is making 3D printing an increasingly attractive option for businesses looking to produce high-quality products in a short amount of time.