Say Goodbye to “Made in China” This transformative technology holds the potential to completely revolutionize manufacturing – and perhaps even take China down in the process.
It Seems Like Every Decade… A technology comes along and fundamentally changes the world The 1980s: The PC made its way into households. The 1990s: The Internet became all the rage. The 2000s: The early days of the smartphone revolution began.
2014: The Next Technology Revolution 3-D Printing 3-D printing generated only $3 billion in revenues worldwide in 2013 Many believe the 3-D printing industry will grow by orders of magnitude in the future. There’s still a tremendous investment opportunity for growth.
What Is 3-D Printing? Also known as “additive manufacturing” Objects are built layer by layer. Differs from traditional manufacturing, which often starts with a solid block of material that’s shaved down into its final form. Objects can be 3-D printed in a range of materials, including plastic, glass, sand, composite, and metal.
What Makes 3-D Printing So Great? The benefits can be profound for manufacturers Faster product development times No tooling required Nearly unlimited complexity Potential to make fundamentally better products over conventional manufacturing methods
Organizations Are Taking Notice General Electric, Boeing, Airbus, Rolls Royce, Ford, Nike, Victoria’s Secret, and even the U.S. Air Force have adopted 3-D printing.
Case Study: General Electric 3-D printing jet engine fuel nozzles GE plans to 3-D metal print 45,000 fuel nozzles a year for its upcoming Leap jet engine. An industry first! GE can consolidate a conventionally manufactured fuel nozzle from 20 parts into one 3-D printed part. The benefits are so significant that GE wants 3-D printing to “touch” 50% of its products in 20 years in some way, whether it’s the product itself, the tools to make the product, or early iterations of the product.
Case Study: General Electric (cont’d) GE will likely have to invest billions to grow its 3-D printing and advanced manufacturing capacity to support 50% of its products being “touched” by 3-D printing in next 20 years. If other manufacturers follow suit, it could lead to significant 3-D printing spending in the future. Continued worldwide adoption of 3-D printing could promote a resurgence in localized manufacturing and cut China’s manufacturing base out of the equation.
Nearing a Tipping Point? Growth rates have accelerated 25-year average: 27% per year, compounded Last three years: 32.3% per year, compounded What this means: 3-D printing technology could be hitting an inflection point in terms of adoption.
Tremendous Untapped Potential “[3-D printing] continues to offer tremendous untapped potential, especially in custom and short-run part production” - Wohlers Associates, a leading 3-D printing insights firm.
Tremendous Untapped Potential In 2013, 3-D printing generated just north of $3 billion in worldwide revenues. If 3-D printing can grow to represent just 1% of the $10.5 trillion worldwide manufacturing base, it would become a $105 billion a year industry!
The Early Innings It’s not too late to invest in 3-D printing stocks!
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