The company’s Blade, the world’s first 3D-printed supercar, has 1/3 the emissions of an electric car, requires 1/50 of the factory capital cost, and has twice the power-to-weight ratio of a Bugatti Veyron.
The former CEO and co-founder of Coda Automotive, Kevin Czinger, believes his new venture, Divergent 3D, has the ability to “revolutionize” auto manufacturing, by ‘dematerializing’ and democratizing the process, which could radically decrease not only the amount of pollution directly related to manufacturing, but also reduce the cost and amount of materials needed for each vehicle.
With a drop in material and machine prices, advanced software integration and faster printing, 3D printing could potentially revolutionize automotive production, supply chain and the aftermarket, according to Frost & Sullivan.
The application scope of 3D printing technology is currently restricted to the production of extremely low volume parts and production tooling, the firm says. This is mainly due to the high costs of the machinery and raw materials, slow printing speeds and reduced levels of software optimization.
New analysis from the firm finds that the technology will generate $4.3 billion from the automotive industry by 2025, and achieve deeper penetration in automotive production and the aftermarket. As a result, 3D printing could deliver substantial savings to manufacturers, suppliers and consumers.
Even as the overhyped consumer 3D printing market continues to fall back down to earth, 2016 looks to be a breakout year for the industry as senior executives’ eyes and checkbooks are opening wide to the technology’s potential. The industrial market for 3D printing real end-use parts looks poised to begin its long growth run, with far reaching implications. 2016 will likely usher in 3D printing’s first “killer apps,” impacting both product design and supply chains. No matter what, 2016 will be a year when leaders across industries will be compelled to pay close attention to the emerging opportunities and disruptions that 3D printing is creating.
Here are eight 3D printing trends to watch in 2016.
The application scope of 3-D printing technology is currently restricted to the production of extremely low volume parts and production tooling. This is mainly due to the high costs of the machinery and raw materials, slow printing speeds and reduced levels of software optimization. Therefore, with a drop in material and machine prices, advanced software integration and faster printing, 3-D printing could potentially revolutionize automotive production, supply chain and the aftermarket.
New analysis from Frost & Sullivan, Executive Analysis of 3-D Printing in the Automotive Industry  (http://frost.ly/018 [http://frost.ly/018]), finds that the technology will generate $4.3 billion from the automotive industry by 2025 and achieve deeper penetration in automotive production and the aftermarket. As a result, 3D printing could offer substantial savings to manufacturers, suppliers and even consumers.
Should manufacturers and distributors be concerned about the introduction of three-dimensional (3D) printing in the industrial business-to-business (B2B) space? Perhaps not concerned, but mindful as to how the technology stands to disrupt traditional manufacturing and distribution business models. This includes considering how industrial companies may benefit from embracing 3D printing sooner rather than later.
According to a recent article in the Atlanta Journal-Constitution, major companies, such as The Home Depot, UPS and Coca-Cola, are already doing just that. For example, today many companies rely on the shipments of parts and components to conduct business—and shipping those items is the crux of the UPS business model. If those companies can print the items vs. waiting on shipments, it could spell disaster for the delivery company. Having that foresight, UPS proactively partnered with a 3D printing company to offer next-day delivery of 3D printed parts. UPS benefits from access to the new technology, while the 3D printing company benefits from access to the well-established shipment network that UPS provides.