#19 - 3D Printing
Prototyping with traditional manufacturing methods takes time. Molding and casting are most cost-effective with larger volumes. New parts require major changes in tools, molds or dies.
3D printing enables rapid prototyping, single-step manufacturing and complex, almost unrestricted designs. 3D printing has developed from a hobby to a serious alternative in industrial manufacturing.
Familiarize yourself with the 2 branches of 3D printing: consumer vs. industrial.
Start a 3D printing shop. An entry-level printer costs anywhere between $200 to $1200. Filament can be as cheap as $25/kg. The consumer printing industry repeatedly reports profit margins ranging between 70-90%.
Carbon - Industrial 3D printers.
ICON - Printed homes.
Desktop Metal - Metal and carbon fiber printing.
ExOne - Metal and sand 3D printers.
Hubs - 3D printing as a service.
The real value of 3D printing is in the ability to create parts that no other manufacturing method can. It boosts the freedom of design. Other key benefits:
Manufacturing components on-demand.
Strong and lightweight designs.
The possibilities in different industries are endless: aviation, medical, automotive, construction, robotics, entertainment and more. 9 Fortune 500 companies that are pioneering the use of 3D printing.
Biggest drawback of 3D printing is still the high price with higher volumes. Standard parts will continue to be made with traditional processes, such as injection molding and urethane casting.
Revenue growth: 2018: $50,000, 2019: $100,000, 2020: $250,000+.
The Spaghetti Detective is a tracking system for 3D printers that catches failures early. It started as a side project but has grown to making around $20k-$30k monthly. Kenneth Jiang pushed on despite modest conversion rates in the beginning (0.3%) and improved consistently. Now 6% of free trial users convert to paying customers.
The total 3D printing market value was estimated at $12.6 billion in 2020. The market is expected to be worth an estimated $37.2 billion in 2026.
Dubai plans to have 25% of all buildings to be 3D printed by 2030.
3D Printer Guide - A guide for selecting a 3D printer. Categories for professional, industrial, educational and home use.
15 Great 3D Printing Business Ideas - Prototyping, tooling cost reduction, mass customization, sustainable projects and spare parts.
3D printing is again gaining momentum. The companies are receiving dozens and hundreds of millions of dollars in funding.
Solutions for metal printing are finally going mainstream.
There are literally dozens of ways to make money in this industry: sell digital models, physical prints, sell courses, rent your printers, help prevent failures...
Thanks for reading. See you next week!