How to Print Parts at Low Prices

Today, parts can be printed at a lower cost. Parts of machines and other items used to be made using heavy industrial machinery. This machinery cost billions of dollars. The advent of 3D printing has revolutionized everything. Let's learn more.

3D printing (also known as additive manufacturing) is a state of the art technology that allows you to create objects layer by layer using a machine that bonds materials such as metal and plastic. This technology has many applications, including in the medical field, education and manufacturing, as well as archaeology and architecture.

The 3D printing industry has made significant progress since 2010. The market has grown to a staggering 4.1 billion dollars in just four years. 3D printing is a process that uses high-quality materials, equipment, and software to create objects.

You can divide the equipment for 3D printing into two groups: personal equipment or industrial equipment. The price of 3D printers for personal use is lower. They are useful for education and DIY projects.

The global sales volume of the 3D printers was approximately 100,000 units at the end 2014 However, 3D printers are used in many industries. They are available in Japan, USA, Germany, and other countries. According to statistics from 2014, the USA has a market share of 40%.

Through acquisition, the two giants, Stratasys & 3D Systems, have been combined. The sales value was 34% for the two players in 2014. Stratasys also acquired a number other companies that year, including Robtec, Laser Reproductions and GrabCAD.

China's share in the 3D printing industry is very small. Many core parts and 3D printing material for Chinese 3D printers are imported from other countries. The 3D printing technology is a competitive advantage in both the aviation and national defense industries. China's 3D printing market was 4.65 billion. After 2010, the market size grew rapidly.

Two years ago, China's 3D printing market had a lower concentration and around 100 players. All of these companies were however small.

The state's new policies have made it easier for companies to join the industry. We can expect to see this industry as one of the top industries in the world within the next few years.