WATERTOWN, Mass.–(Enterprise WIRE)–Markforged, creator of the Digital Forge, the world’s largest metal and carbon fiber industrial 3D printing system, now declared the findings of its inaugural once-a-year report, “COVID-19 Impression on Source Chains: Worldwide Additive Production Market Report.” In the report, Markforged details how the COVID-19 pandemic impacted suppliers around the world, and how 3D printing has served them to preserve business enterprise continuity and increase amid world-wide disruption.
The report reveals that the fashionable manufacturer – those who undertake digital producing methods these types of as 3D printing – ended up the most resilient, reporting that they’ve been operating “business as normal,” although other suppliers scaled manufacturing again. Vital results contain:
- Producers with an industrial 3D printer saved time and revenue in the course of the pandemic, with 68% indicating that the know-how both saved the business “some time” or a “significant quantity of time.” Approximately 60% of respondents state that 3D printing has possibly saved them “some money” or “a sizeable volume of income.” These time and expense price savings not only relieve fast, time-delicate concerns for makers, but also end result in long-phrase small business benefit as a result of greater productiveness and efficiency.
- Companies that use 3D printing have stayed agile and operational throughout the pandemic—and discovered ways to give back. Almost 50 percent (45%) of respondents report that they are operating “business as typical,” and nearly a quarter (24%) have begun creating new merchandise. Study respondents also report pivoting to print own protecting machines (PPE). Out of Markforged’s full buyer base, far more than 539 utilized their printers to produce PPE all through COVID-19, ensuing in extra than 5,460 printed pieces.
- The pandemic could be a tipping level in producing engineering adoption. Quite a few industries are dealing with a forced electronic transformation because of to pandemic circumstances. Production is no exception, and 3D printing is element of that motion. Right after observing the likely of 3D printing over the final various months, 28% of respondents mentioned they are now utilizing 3D printing a lot more in contrast to pre-pandemic usage. Moreover, 39% surveyed prepare to make future investments in electronic manufacturing technologies.
“In an unpredictable globe, it is imperative for corporations to adapt technologies that allow them to continue being resilient and versatile in advance of the future disruption,” claimed Shai Terem, CEO and President, Markforged. “Our analysis confirms that even in the course of an exceptionally unsure calendar year for brands, those that adopted the Digital Forge have persevered. We’re fully commited to frequently innovating our industrial 3D printers and application remedies to be certain our customers preserve agility and a aggressive gain, even in the most difficult of instances.”
The total business report is now offered for obtain on Markforged’s website.
This survey was executed in the course of Q3 2020 (July-September) with information analysis and insights extrapolation carried out in Q4 2020 (Oct-December). The effects of the analyze are based mostly on responses from far more than 600 producing and technological know-how organizations across a number of nations and continents. Although the major respondents of the study have been from Markforged’s shopper base, the report also surveyed a sampling of non-Markforged consumers to supply deeper analysis.
Markforged transforms production with 3D metallic and carbon fiber printers, capable of manufacturing components challenging plenty of for the manufacturing unit floor. Engineers, designers, and production pros all about the earth count on Markforged metallic and composite printers for tooling, fixtures, functional prototyping, and substantial-value conclusion-use production. Launched in 2013 and dependent in Watertown, Massachusetts, Markforged has about 300 employees globally, with $137 million in both equally strategic and enterprise funds. Markforged was just lately identified by Forbes in the Future Billion-Dollar Startups checklist, and listed as the #2 swiftest-expanding hardware business in the US in the 2019 Deloitte Rapidly 500. To study far more about Markforged, remember to go to: https://markforged.com.