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5 Advantages of 3D Printing Technology in Business

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5 Advantages of 3D Printing Technology in Business

3D printing is growing and expanding rapidly. It’s more accessible to business of all shapes and sizes today, and that means we’re starting to see it applied in new ways. While 3D printing, also known as additive manufacturing, started as a niche service, it’s now revolutionizing the world of production as we know it. If you’re wondering how your business can utilize this technology, keep reading.

In this guide, we’ll share the top advantages of 3D printing technology that are relevant to your business. You don’t have to be in the manufacturing industry to feel the positive impact of 3D printing. In the next few years, it’s set to become the new normal.

1. Faster Product Development

While not all the company’s aim to produce products, we can all admit that 3D printing makes this a much faster process for businesses. Whether you’re trying to produce a custom bag or water bottle, you no longer have to create a custom mold which could cost thousands of dollars. Instead, you simply design a project digitally and materials are used as-needed. This means there’s more time to customize, perfect, and test your product before launch.

2. Create Customizations

As we mentioned above, the previous manufacturing process made it difficult to customize your creations. Because you need to create a mold which is pricey, it’s not easy to test your products in an inexpensive way. Products were produced in bulk, and so all testing and customizations had to happen early in the process.

With 3D printing, customizing special collections, products, measurements, and more is simplified. Because products no longer have to be created in large quantities, it’s more affordable to customize your creations.

3. Better for the Environment

Additive manufacturing isn’t just less expensive, but it’s also better for the environment. Because materials aren’t wasted on the same scale as traditional production measures, there’s less waste. For companies hoping to focus on sustainability, this is a key area that’s worth investing in. While 3D printing studies are still in the works on just how sustainable it is, technology is rapidly approving to make this the greenest choice.

4. Secure More Funding

Even if you don’t produce products, your business can benefit from 3D printing. This number one solution for prototyping will help you create physical models of whatever you need. Any business owner knows it’s a challenge to secure funding and investments, and this is even more difficult if you don’t have a physical example for investors to look at. Despite the abilities of 3D modeling and digital mock-ups, nothing beats the real thing. From real estate to art, 3D printing is helping businesses build capital.

5. Accessibility

Finally, 3D printing is simply more accessible. In many ways, it’s more accessible than traditional manufacturing. Because more businesses and manufacturers are jumping on the 3D printing bandwagon, it’s possible to find a 3D printing solution near you.

No matter what you need or when you need it, you can find a solution that works for you thanks to 3D printing. Gone are the days of expensive production, timely processes, and the need for excessive labor. This puts the control back in the hands of business owners.

The Future of 3D Printing

While 3D printing still has a way to go before it becomes a common practice in businesses around the world, it’s well on its way already. In fact, 93% of the companies already using 3D printing in 2018 are expected to gain a competitive edge by reducing their time-to-market and offering shorter production runs. While this might only specific to the manufacturing industry, it’s something all businesses should take note of.

We’re seeing 3D printing being used in all kinds of unique ways, from food production to the creation of new products. How can your business take advantage of 3D printing in the coming years? What ideas are you waiting to bring to life?

As a senior business strategist, Lillian Connors believes that the question of business goes far beyond the maximization of profit through different money-grabbing ploys. Instead, she likes to think that ethical principles should be at the core of every commercial venture, paving the way for much more balanced distribution of wealth on a global scale.

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