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It’s Time for Mid-Market Companies to Work 3D Printing Into Their Supply Chain

For mid-market manufacturing companies, 3D printing is becoming a hot topic. The first prototypes rolled out 30 years ago, but only recently, because of technological improvements and falling costs, has 3D printing come into the mainstream.

The technology has grown at a faster pace than many expected, with a market share of $2.2 billion in 2012, up 28.6 percent from the previous year according to the 2013 Wohler’s Report. In fact, ​McKinsey Global Institute research suggests that the market could grow as large as $550 billion by 2025.

Hobbyists are exploring the limits of the process to create everything from action figures to parts for home appliance repairs, but the largest impact will be felt in the manufacturing sector.

Mid-market manufacturers across all industries should evaluate how and where 3D printing can supplement their existing supply chain. 3D printing offers an extraordinary opportunity for mid-market companies to increase flexibility, responsiveness and cost savings when the technology is incorporated smartly and strategically into an existing supply chain.

Read more: 3Dprint.com

 

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