Industrial 3D Printing Permitted Producers to Persevere As a result of COVID-19, According to New Research

WATERTOWN, Mass.–(Small business WIRE)–Markforged, creator of the Digital Forge, the world’s largest metal and carbon fiber industrial 3D printing platform, today announced the results of its inaugural once-a-year report, “COVID-19 Impact on Offer Chains: World Additive Manufacturing Marketplace Report.” In the report, Markforged specifics how the COVID-19 pandemic impacted makers throughout the world, and how 3D printing has aided them to keep organization continuity and mature amid world-wide disruption.

The report displays that the modern manufacturer – these who adopt digital production remedies this sort of as 3D printing – have been the most resilient, reporting that they’ve been operating “business as common,” even though other manufacturers scaled generation again. Key conclusions include things like:

  • Companies with an industrial 3D printer saved time and dollars for the duration of the pandemic, with 68% indicating that the engineering both saved the business “some time” or a “significant volume of time.” Just about 60% of respondents condition that 3D printing has both saved them “some money” or “a substantial amount of money of revenue.” These time and price tag personal savings not only ease instant, time-delicate difficulties for manufacturers, but also final result in extended-time period small business worth by enhanced productivity and performance.
  • Producers that use 3D printing have stayed agile and operational in the course of the pandemic—and identified methods to give back again. Almost 50 % (45%) of respondents report that they are working “business as common,” and just about a quarter (24%) have begun developing new merchandise. Survey respondents also report pivoting to print personalized protective equipment (PPE). Out of Markforged’s entire consumer foundation, extra than 539 made use of their printers to produce PPE for the duration of COVID-19, resulting in far more than 5,460 printed components.
  • The pandemic could be a tipping position in production technologies adoption. Lots of industries are experiencing a pressured electronic transformation due to pandemic ailments. Manufacturing is no exception, and 3D printing is portion of that motion. Right after viewing the possible of 3D printing in excess of the very last many months, 28% of respondents claimed they are now applying 3D printing extra in contrast to pre-pandemic usage. Furthermore, 39% surveyed strategy to make long run investments in electronic manufacturing systems.

“In an unpredictable earth, it’s very important for companies to adapt systems that help them to stay resilient and adaptable forward of the upcoming disruption,” explained Shai Terem, CEO and President, Markforged. “Our exploration confirms that even through an incredibly unsure calendar year for companies, those people that adopted the Digital Forge have persevered. We’re committed to constantly innovating our industrial 3D printers and program remedies to make sure our prospects maintain agility and a aggressive gain, even in the most difficult of times.”

The entire sector report is now offered for down load on Markforged’s website.

Study Methodology

This study was performed through Q3 2020 (July-September) with details examination and insights extrapolation performed in Q4 2020 (October-December). The success of the examine are centered on responses from far more than 600 producing and technological know-how corporations across a number of nations and continents. Even though the main respondents of the review were from Markforged’s purchaser base, the report also surveyed a sampling of non-Markforged consumers to supply further analysis.

About Markforged

Markforged transforms producing with 3D metal and carbon fiber printers, able of generating areas challenging plenty of for the manufacturing facility flooring. Engineers, designers, and producing experts all about the environment depend on Markforged metallic and composite printers for tooling, fixtures, useful prototyping, and substantial-price conclusion-use creation. Established in 2013 and centered in Watertown, Massachusetts, Markforged has about 300 employees globally, with $137 million in equally strategic and undertaking capital. Markforged was not too long ago regarded by Forbes in the Subsequent Billion-Dollar Startups list, and mentioned as the #2 swiftest-developing hardware business in the US in the 2019 Deloitte Rapid 500. To find out much more about Markforged, be sure to pay a visit to: https://markforged.com.