The ability to produce 3D items from a printer is creating a new wave of business opportunities. This technology can create something as simple as a building block or as complex as dentures. The materials used for printing can be everything from bendable nylon to thermoplastics and more. It is changing the ways inventors create prototypes and decreasing the development budgets of companies.
According to an article in INC. magazine, “Though the industry has been around for decades, 3-D printing is gaining momentum. In a recent report, Goldman Sachs named 3-D printing as one of eight technologies that will “creatively destroy” how we do business.”
The opportunities provided by 3-D printing in the business world is only beginning to be realized. This type of printer enables any business to make and sell their own specific product designs. In many cases, a third party is no longer necessary. A 3-D printing company is able to offer their customers a choice of specific printing methods, materials and more. The 3-D printing industry is growing.. The market recently grew over 28 percent to more than $2 billion a year. Hundreds of millions of dollars are being invested by companies to start a 3-D printing business or acquire one that is in operation.
One of the most important developments in having a 3-D printer is the ability to use a desktop model. Many of these devices work well, but users agree this technology is still in the process of being perfected. There are still large differences between the quality of work produced by a desktop 3-D printer and a floor model.
3-D Printable Files
It is possible to purchase 3-D printable files from a variety of different designers. Companies are being created to meet the increasing demand for 3-D printable files. Some businesses are able to design a printable file upon demand. This is a cost effective way for many companies to create prototypes.
The ability to utilize the benefits of 3-D printing can be found in many industries. Everything from medical to aerospace and even retail industries are exploring all the possibilities of 3-D printing. The 3-D printing industry is now moving more toward making industrial manufacturing parts. This need is surpassing the current level of orders for prototypes. It is estimated, that finished manufacturing parts from 3-D printing now accounts for over 27 percent of sales in the marketplace.
Start Up Costs
The amount of capital needed to start a 3-D printing business will depend on what industry it will serve. Larger printers can cost tens of thousands of dollars to hundreds of thousands of dollars. This will enable a business to produce products for the manufacturing industry. Should a company want to start small, a 3-D printer can be purchased for less than a thousand dollars. This will permit a person to create small items such as toys, promotional items and more.