Strong additive manufacturing confidence reported in industry

Essentium, an industrial additive manufacturing (AM) solutions supplier, has announced the second in a series of findings from global research on the current and future use of industrial 3D printing.

The fourth annual study found strong confidence in 3D printing maturity among manufacturing executives.

96% manufacturing executives agree the industry could save billions in production costs once the technology matures, up from 88% in 2018. The research also revealed a growing number of manufacturers believe that 3D printing at scale can increase revenues, with 56% agreeing that AM will lead to a significant increase in revenue, up from 37% in 2020.

The study showed 3D printing technology is empowering designers to invent new ways to fabricate parts at multiple points in the production line, including manufacturing tools, jigs, fixtures, fit tests, and end-use parts. 97% of respondents reported that 3D printing allows their designers to be more creative.

Continuous innovation is required to realise the full potential of industrial 3D printing at scale. Designers and engineering prioritise improved design and management of platforms (40%), operations teams want better software (35%), and procurement and finance want to see enhanced workforce development (32%).

While all reported that their 3D printing vendors must be part of an open ecosystem, 74% said it was very important.

Said Blake Teipel, CEO of Essentium, commented: “The research shows that manufacturers increasingly recognise that industrial 3D printing at scale has enormous financial value even as they gain more expertise with the technology.

“We are working closely with our customers and partners in an open ecosystem to ensure AM is a long-term game-changer, helping manufacturers achieve increased production efficiency, greater customisation, and shorter time to market.”

Essentium
www.essentium.com

Company

Essentium

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