As we step into 2024, the 3D printing industry reflects on a year of significant financial challenges. From supply chain disruptions to inflationary pressures, 2023 tested the resilience and adaptability of this innovative sector. However, with challenges come opportunities. Let’s explore the financial hurdles of the past year and how they pave the way for potential growth and innovation in 2024.
In 2023, the 3D printing industry faced severe supply chain disruptions. The production of 3D printers and the procurement of essential materials like resins and metals were hindered, leading to increased costs and delays. Companies struggled to maintain steady supply chains, affecting their production schedules and financial stability. Moreover, the industry was not immune to the broader economic climate of rising inflation and financing costs. These factors increased the financial burden on 3D printing businesses, particularly affecting startups and smaller firms reliant on external capital for growth and operations.