New MakerBot Report Reveals 74% of Companies Plan to Invest in 3D Printing in 2021
September 29 2020 - 9:52AM
Business Wire
Findings from inaugural report signal mounting
confidence in 3D printing’s ability to transform business
operations
Over half of survey respondents plan to invest
up to $100,000 in 3D printing technologies next year
MakerBot, a global leader in 3D printing, and subsidiary of
Stratasys Ltd. (Nasdaq: SSYS), has released results from its new 3D
Printing Trends Report, which includes over 1,200 responses from
professionals across multiple industries, including Aerospace,
Industrial Goods, Military & Defense. Medical, and Automotive.
Key findings in the report reveal that nearly three-quarters (74%)
of respondents are planning to invest in 3D printing technology in
2021, with 50% planning to spend up to $100,000.
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“These findings confirm what we have known for some time – and
that is the potential of 3D printing to transform business
operations,” said Nadav Goshen, CEO, MakerBot. “When faced with the
kind of challenges that businesses have had to contend with over
the last 12 months, it is not unusual to see them cut all but the
most critical capital expenditure. However, this is clearly not the
case with 3D printing. While COVID-19 impacted the business
operations of nearly 70% of the respondents, 56% said that it did
not impact their investment plans in 3D printing. In fact, when
respondents were asked what their investment plans were for next
year, 74% stated that they still had plans to invest in 3D
printing. This is an incredibly positive response which, we
believe, signals growing confidence in 3D printing’s ability to
improve resilience, responsiveness and, ultimately, the
profitability of business operations.”
Other key findings of the MakerBot 3D Printing Trends Report
include:
- Customization is the number one reason respondents use 3D
printing. Respondents wanted the ability to create custom,
low-to-mid-volume production parts (68%) and print complex
geometries (57%).
- However, 3D printing continues to play a much bigger role in
the research and design phases. Concept modeling (70%),
functional prototypes (66%), and research and development (44%)
were the main applications for respondents.
- Print quality and printer performance are top factors when
choosing a 3D printer. A printer is only as good as its
3D-printed parts. Respondents stated that dimensional accuracy
(61%) and reliability (65%) are the top factors influencing their
printer selections.
- FDM® 3D printers are king. While there are a variety of
3D printing technologies, FDM remains the most frequently used. The
majority of respondents (77%) use FDM/FFF 3D printers in their
repertoire, while 27% use SLA technology. Unsurprisingly, plastics
(93%) and resins (25%) were the main materials used.
- Costs and technical expertise are major barriers to
implementing 3D printing. 53% of respondents say that lack of
budget is preventing them from fully utilizing 3D printing, while
29% cite lack of technical expertise.
- Respondents expect the technology, materials, and
applications to develop over the next 3-5 years. 61% of
respondents expect more materials to emerge, while 58% expect the
cost of using the technology to decrease.
“We are pleased to release the MakerBot 3D Printing Trends
Report, our first report on the trends and factors that are
impacting the use of 3D printing. 3D printing has come a long way
since the early days of the technology in the 1980s. But as the
technology moves from prototyping to production, we expect to see
the expansion of its use and applications continue to grow at an
exponential rate. As a supplier, we believe it is our
responsibility to look at these behaviors to better understand the
needs of users and, thus, be able to deliver better products and
services,” added Goshen.
About the study
MakerBot surveyed over 1,200 professionals who are in its global
network, from August 21-26, 2020. Respondents were based in North
America (50%), Europe (20%), Asia (14%), Oceania (6%), South
America (8%), and Africa (2%). Respondents represented more than 20
industries, including Military & Defense, Aerospace,
Automotive, Medical & Dental, Industrial Goods, Arts &
Entertainment, and Consumer Goods. Job roles varied, with 37% in
engineering or development, 20% in design, 9% in print / lab
operations, 9% in senior management roles, 7% in production or
manufacturing, 1% in procurement, 1% in supply chain operations,
and 16% in other roles across their organization.
For the full report, visit
https://pages.makerbot.com/pro3DPrintingTrendReport.html.
About MakerBot
MakerBot, a Stratasys company, is a global leader in the 3D
printing industry. The company helps create the innovators of today
and the businesses and learning institutions of the future. Founded
in 2009 in Brooklyn, NY, MakerBot strives to redefine the standards
for 3D printing for reliability, accessibility, precision, and
ease-of-use. Through this dedication, MakerBot has one of the
largest install bases in the industry and also runs Thingiverse,
the largest 3D printing community in the world.
We believe there's an innovator in everyone, so we make the 3D
printing tools that make your ideas matter. Discover innovation
with MakerBot 3D printing.
To learn more about MakerBot, visit makerbot.com, the MakerBot
blog, Twitter, LinkedIn, or Facebook. Stratasys (parent company of
MakerBot) reserves the right to utilize any of the foregoing social
media platforms, including the company's websites, to share
material, non-public information pursuant to the SEC's Regulation
FD. To the extent necessary and mandated by applicable law,
Stratasys will also include such information in its public
disclosure filings.
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Press Contact Bennie Sham MakerBot
bennie.sham@makerbot.com
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