Matt Minio, managing director of Objective 3D shares his thoughts on the advancements and popularity of metal 3D printing in the manufacturing space.
According to Wohler Associate analysts, 3D printing has grown into a multi-billion industry that has been picking up the pace since getting onto the scene more than 15 years ago and boasts a footprint across multiple industries. In 2016, the “additive manufacturing” industry, as it is known, grew by 17.4 per cent in worldwide revenues. By 2020, it is estimated that 6.7 million 3D printers will ship.
Companies like Stratasys are experimenting with ways to scale up 3D printing production to make it more competitive with conventional manufacturing methods in terms of the return of investment (ROI) it brings. With automation, the production volume capabilities of these printers increase, and the total cost of production is cut. The result is a more cost-effective product that is created more quickly with minimal manual intervention.