The futuristic hype over 3D printing has outshined applications that are already transforming the manufacturing world. While the media speculates about 3D printed guns, organs and food, firms are using 3D printers to overcome a less ‘sexy’ challenge: replacement parts for aging production lines.
In a typical factory, unplanned downtime is extremely expensive. In a survey conducted by Nielsen Research, automotive executives reported that downtime cost an average of $22,000 per minute — some respondents put the figure as high $50,000 per minute. Not surprisingly, most manufacturers invest in predictive maintenance and aim to replace worn down parts before they cause a breakdown.