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by, Claire on, Dec 24, 2017 3D Printing.

What Business Opportunities Will 3D Printing Produce.

The 3D Printing Market and opportunities were considered to be endless and it was predicted that by 2020 3D Printing would solve many issues and emerge into entrepreneurial markets with great success. Its hard to predict what a certain industry will achieve and the 3D Market hasn’t quite followed the path experts first predicted and there are clear reasons for this. The 3D Printers are hard to navigate, still quite complex and although costings have reduced, it is still an expensive industry. The irony about the market is however very interesting because what makes its emergence difficult is what is ensuring that 3D Printing will have a lucrative future within certain industries.
 
The 3D Printing market itself rather than offer new and innovative business ideas is better understood if you think of it in terms of making existing industries better by cutting corners, saving money and solving existing manufacturing problems. There are many industries where 3D  is thriving and these were not necessarily predicted five years ago. One such industry is the Prosthetics industry.  The medical industry itself has taken giant leaps with the help if this technology and the one main benefit is customization and personalization. This is 3d at its best, doing what it was originally created for, in the prosthetics industry, being able to match exactly and print a perfect measured item is what makes the industry so successful.
 
The same goes for Engineering, 3D printing can take away the need to source a prototype and one can be produced using exact measurements and plans. Many within the Engineering industry have been using 3D to do just that and it continues to thrive. There are lots of other industries where 3D is already a vital contribution, the avionics Industry, the housing market and the farming Industry.
 
Although we know that this industry has a clear path now and is already being used and considered useful within these industries, how will it impact on the general market. It is considered still very much up for debate, experts still very much consider the market to be full of surprises of where it may go next. Whilst its predicted that all industries will use this application within the next 10 years, what about the general market of entrepreneurs, will they use 3D Printing for a business idea and if so how. Many are learning about this industry and realizing that what makes it inaccessible to many, is what will make it a massive business opportunity for them. The industry is already seeping into the fashion market with success through personalization and for fashion, the business opportunities continue to grow.
 
There is also a growing community of 3D Printing enthusiasts that continue to learn through their mistakes to emerge out the other side with some fantastic entrepreneurial products and invention is one such market. Although our understanding of 3D is still quite limited and because of this, we avoid becoming too heavily invested, this is presenting massive business opportunities for those that invest in the market, opening up a whole new world of possibilities and business opportunities for many. 
 

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