Worldwide 3D Printing Market to Grow 20.6% by 2020

Dec 18, 2014 17:25 JST

Source: MTA2015

SINGAPORE, Dec 18, 2014 - (ACN Newswire) - Analysts have forecast that the global 3D printing market will reach US$8.6 billion by 2020, with a CAGR of 20.6 per cent from 2014 to 2020. The growth is expected to come from increasing demand for the quick and more efficient manufacturing of complexly designed objects using a wide variety of materials.

Additive manufacturing (AM), commonly known as 3D printing, is now widely adopted across sectors from automotive to medical and even in food manufacturing. Currently, the U.S. is the largest market in both production and consumption. In light of this trend, MTA2015 will be highlighting 3D printing technologies and solutions at the event. Mr. Sean Looi, General Manager of Creatz3D, a Singapore home-grown company providing 3D printing products and solutions, shared with MTA2015 his views on the growth potential of this technology in the Singapore market and beyond.

Growth of 3D printing in Singapore and Asia

SL: If you Google, there's a lot of hype of 3D printers/AM in the Asia region. For countries with high labour costs such as Singapore, AM can significantly help to drive productivity to achieve cost savings in the long run. There are many ways AM can support manufacturers in traditional processes. This can be done by examining the individual company's current capabilities and how 3D printing/AM can assist in streamlining processes. This is why we, Creatz3D, have been focused on building our application and technical support team in Singapore.

3D printing/AM has seen significant growth and adoption in Singapore in the past few years. Traditionally, AM was applied in the area of prototyping for common applications such as Fit, Form and Function. More recently, the growth of AM and its uses and applications have started to penetrate into areas related to manufacturing and as end use parts. However, Singapore manufacturers are still falling behind in accepting and adopting AM to complement traditional manufacturing process. AM can be applied across all sectors/industries but what I view as a problem is the shift needed in the industry's mind set, to accept AM as a complement to the business workflow rather than replace it.

3D printing a gimmick?

SL: Consumers have only seen products such as toys, jewellery, mobile phone cases etc. that have been 3D printed, hence I'm not surprised that they think of this technology as a fashion fad. However, consumers do not see how AM has been implemented to change the way that products are designed and manufactured. There's a gap in the knowledge between users and consumers and education is the way to break this barrier. In my opinion, the only group of home based users that understand the benefits of AM are the engineers and makers that have seen the benefits of 3D printing or AM either at work or within their own community.

Staying power of 3D printing

SL: I think many people would agree with me that professional 3D printers/AM Systems will be here to stay as there are significant benefits that we can harness. But we are still some time away to fully reaping the benefits of AM. Education in the area, specifically in "Design for Additive Manufacturing", is currently being introduced in our educational institutes on a grander scale. I think when the shift in mind set is more prevalent in our economy, we can then truly see the benefit of AM.

Challenges for manufacturers

SL: Singapore manufacturers have positioned themselves to provide high value added solutions to their customers and AM can further enforce this point. However, the main hurdle is the manufacturer's willingness to try and adopt AM and use it across the organisation. Failure should be viewed positively so that manufacturers will have the courage to innovate to improve our daily lives.

Creatz3D will be showcasing 3D printers from Stratasys - one of the world's most established manufacturers of 3D printing equipment and materials. In addition, the company will be highlighting 3D printed metal parts manufactured with the Electron Beam Melting (EBM) Technology from Arcam Equipments. Other exhibitors highlighting 3D printing equipment and technology from brands such as 3D Systems and Envisiontec include DKSH Technology, Eye-2-Eye Communications and FreeForm Solution.

MTA2015: High calibre manufacturing showcase

MTA2015, Asia's premier precision engineering industry event, will showcase high-value manufacturing capabilities, highlighting manufacturing excellence in industries such as Aerospace, Complex Equipment, Electronics, Medical Technology and Marine & Offshore Engineering. As manufacturing processes become more sophisticated and requirements for advanced research and development grow, MTA2015 is well-placed to provide the links between major industry players and suppliers across the value chain.

In recognition of the rising awareness and industry adoption of 3D printing, MTA2015 will be staging 3D Printing Technology Tours, to offer attendees an exclusive opportunity to see the technology in action through live demonstrations conducted by participating companies.

MetrologyAsia2015: Serving industry's demands for precise measurements

MetrologyAsia2015, an area dedicated to metrology equipment, will cast a spotlight on companies specialising in high-end test and measurement apparatuses and systems. Attendees will be exposed to the latest in metrology technology and equipment to meet their precision measuring needs.

MTA2015 will incorporate iAutomation2015, MetalAsia2015, Outsource&SubCon2015 and ToolTec2015, specialised events that cater to the individual needs of Asia's manufacturing industry.

Related Links
Creatz3D: http://www.creatz3d.com.sg/industries/
Stratasys: http://www.stratasys.com/
DKSH Technology: http://www.dksh.com.sg/htm/614/en_SG/Technology.htm?BUId=24905
Eye-2-Eye Communications: http://www.eye2eye.com.sg/company/about-us
FreeForm Solution: http://www.freeform.sg/

MTA2015 at A Glance:

Show:          MTA2015 - The 20th Precision Engineering Industry Event 
               (held alongside MetrologyAsia2015)
Incorporating: iAutomation2015, MetalAsia2015, Outsource&SubCon2015, ToolTec2015
Date:          14 - 17 April 2015 (Tuesday - Friday)
Venue:         Singapore Expo, Halls 3 & 4A
Opening Hours: 10.30am to 6pm daily
Admission:     Business and trade professionals
Website:       www.mta-asia.com   
Visitor registration: 
               http://www.mta-asia.com/to-visit/visitor-pre-registration/

Contact:

Juliet Tseng
Senior PR Executive
Singapore Exhibition Services
Tel: +65 6233 6635
Email: Juliet@sesallworld.com

June Seah
PR Manager
Singapore Exhibition Services
Tel: +65 6233 6621 
Email: june.seah@sesallworld.com

Source: MTA2015
Sectors: Daily Finance