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MarketLine – 3D Printing – The Technological Marvel With the Potential to Revolutionize Manufacturing

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3D Printing – The Technological Marvel With the Potential to Revolutionize Manufacturing

3D printing technology has been in development for a number of years, but unlike other new technologies that can arrive and then fade as new versions become available, the potential for this technology and many new industries that it creates, could completely change the world we live in. This is because 3D printing is essentially an entirely new method of manufacturing, one that produces less waste, is limitlessly customizable, does not require vast amounts of cheap or skilled labor and can effectively be setup wherever it is needed. Already there are some large players in operation in the market that are producing 3D printers for many different uses such as rapid prototyping, domestic hobbies, tool design, medical and complex instruments, weapons parts manufacturing, aerospace parts manufacturing and automotive parts manufacturing. 3D printers could also eventually extend to every home and change the way that consumers buy items. But despite the huge range of possibilities for the industry there are problems that are yet to be overcome, such as high prices, lack of R&D investment and huge copyright issues that could slow down or even cripple the industry.

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