Latest Magazine
Read Now

GLOBAL NEWS

Shapeways Predicts Sustained Growth for the Additive Manufacturing Market

3 Mins read
digital manufacturing
Above: Shapeways is a leading digital manufacturing platform/Image Source: Shapeways

Shapeways, a leading global digital manufacturing platform driven by purpose-built software, offers five predictions for additive manufacturing in 2022 based on strong market momentum, increased technology investments, and strengthened industry partnerships and collaborations over the past year.

“We expect additive manufacturing to gain significant traction in the coming year, especially in digitizing, automating, and innovating critical manufacturing workflows. As traditional manufacturers increasingly enjoy newfound operational and cost benefits, we forecast an increased cadence of 3D printing adoption, which will drive the development and delivery of more customized and personalized products while alleviating lingering supply chain challenges.”

– Greg Kress, CEO of Shapeways

Five Predictions for Additive Manufacturing in 2022

1. Traditional Manufacturing Transforms with Digital Workflows

Interest in additive manufacturing will surge, especially in addressing demands for high-mix, low-volume production runs. This will motivate manufacturers of all kinds and sizes to transform their operations through the use of increasingly digital, end-to-end manufacturing processes. Companies that embrace new ways of doing business with digitized, additive manufacturing will reap the benefits of enabling product design innovations and faster time to market while reducing capex and inventory costs.

2. Purpose-Built Software Can Speed the Acceptance of Additive Manufacturing

Traditional manufacturers, large and small, certainly know the value of software. Whether it’s an ERP, CRM or CEM, for decades software has been an integral part of streamlining operations while helping meet demands for high-volume production with superlative quality and efficiency. Yet what has been missing is purpose-built software designed specifically to support additive manufacturing’s unique process flows regarding how products are designed, made, and delivered.

State of 3D Printing survey
Above: Shapeways released State of 3D Printing survey results/Image Source: Shapeways

Shapeways’ recent Otto software announcement gives manufacturers a way to gain free access to 3D printing by automating processes while validating quality end to end. While 3D printing now is mainstream among 75% of the mid-sized manufacturers polled in Shapeways’ recent “State of 3D Printing” survey, more flexibility is needed to meet demands for quality, personalization and sustainability.

3. Customization is King

Embracing additive manufacturing yields the potential to design, create, and deliver products that are limited only by one’s imagination. While this pertains to every conceivable market, arguably none can make as life-changing a difference in daily lives as the potential for additive manufacturing in the medical/healthcare markets. A recent market report expects the 3D printing medical market to grow from $2.4B this year to $5.1B by 2026. Expect massive advancements in 3D-printed surgical guides and instruments as well as customized implants, wearable devices and prosthetics.

Other markets like NFTs (short for non-fungible tokens) have been around for a while, but are just coming into their own as a substantial way to invest or increase revenue. Appealing to buyers as a unique digital currency, it is easy to see why NFTs are so easily translated to the 3D printing industry. For businesses around the world, this opens up an infinite and so far untapped market of opportunities for digital files turned into 3D printed models–allowing NFTs to come to life in full colour, with a wide range of options in materials and finishings. In some cases, NFT models are also sold as an alternative to owning the actual digital file, leaving the door open to sizable production runs, depending on the popularity of an item.

4. Additive Manufacturing will Alleviate Supply Chain Woes

Savvy organizations understand that additive manufacturing has an important role to play in reducing the lingering effects of supply chain disruptions. Not only does 3D printing permit products to be manufactured on demand, it enables them to be produced and delivered locally. This reduces logistics requirements, including transportation and local storage, to ensure on-time, on-budget fulfillment.

5. Investments and Partnerships will Drive Market Growth

Headlines were busy in 2021 reporting on the constant activity in the additive manufacturing market. Aside from Shapeways’ IPO in late September, market watchers followed additional IPOs, M&A transactions, and a steady stream of new partnerships. Shapeways also announced a partnership with Desktop Metal to ensure broader access to world-class additive manufacturing services.

In 2022, the level of interest should continue rising as well-known names in the manufacturing and consumer goods industries step up their interest and investments in 3D printing technologies and services. At the same time, continued innovations may come from ground-breaking start-ups or smart collaborations among players of all kinds. Shapeways’ survey found that 68% of industry executives polled agreed that 3D printing is the future of manufacturing.


About Manufactur3D Magazine: Manufactur3D is an online magazine on 3D Printing. Visit our Global News page for more updates on Global 3D Printing News. To stay up-to-date about the latest happenings in the 3D printing world, like us on Facebook or follow us on LinkedIn and Twitter.

1477 posts

About author
Manufactur3D™ (A division of Advanced Manufactur3D Market Research And Media Private Limited) is India’s Leading and Premier Online Magazine carved out for the 3D Printing Business community in India and globe. We offer the latest news, market insights, accurate industry analysis and vital information pertaining to the Indian and Global 3D printing industry. Right from concept, design and prototyping to manufacturing and its applications, we cover the entire Manufacturing ecosystem of 3D printing industry.
Articles
Related posts
GLOBAL NEWS

Shapeways Partners with Desktop Metal to offer AM 2.0 Portfolio

2 Mins read
Shapeways Holdings and Desktop Metal partner to offer seamless access to industry-leading 3D printing services and AM 2.0 portfolio.
GLOBAL NEWS

Shapeways Announces Completion of Merger with Galileo Acquisition Corp.

2 Mins read
Shapeways, Inc. (“Shapeways”) a leader in the large and fast-growing digital manufacturing industry, announced the completion of its merger with Galileo Acquisition…
GLOBAL NEWS

Shapeways ‘State of 3D Printing’ Survey forecasts growth of Additive Manufacturing

3 Mins read
Shapeways’ State of 3D Printing Survey 2021 results forecasts a high growth for the additive manufacturing technology.

Be a part of India's Largest AM Platform

Join a list of 25K+ subscribers who receive weekly AM News, Insights and Analysis