3D printing will only boost profit, market share of a few companies – report

Saudi Arabia and the UAE are scaling their adoption of 3D printing technology, especially in the construction sector

Few industries are witnessing widespread adoption of 3D printing technology, which represents only 0.1 percent of the total $13.1 trillion value added through the global manufacturing industry.

Creative professionals checking blueprints and model building. Image used for illustrative purpose

Advisory firm Moody’s Investors Service says that 3D printing technology is used in niche applications and will help boost companies’ profitability and market shares in a limited number of industries.

Manufacturers of consumer goods such as eyewear and footwear are among the industries with the strongest near-term growth prospects for the adoption of 3D printing. Other industries that will benefit include aerospace, medical devices, automotive and capital equipment, but to varying degrees, according to Moody’s report.

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