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How 3D Printing in the Automotive Industry is Changing the Landscape
3D printing in the automotive industry will play a big role in helping companies achieve a competitive advantage. Respondents report it will be a top technology to help companies execute strategies to improve competitiveness. In fact, 89% of Top Performers will look at new ways to design to take advantage of 3D printing. To support 3D printing, Top Performers are 2.1 times more likely than peers to work with scan data to design parts for 3D printing. In addition, 60% of companies will use scan data or will increase its use if it becomes easier to work with because it will improve their design efficiency. This report explores how 3D printing will help companies become more competitive. It also identifies best practices to adopt it so that you can make it a success at your company.
Looking forward to the next five to ten years, companies can expect technologies such as 3D printing to have a significant impact on products and how they are developed and serviced. Those who are taking the right steps now to prepare will be well-positioned to be the Top Performing companies of the future.
While the 3D printing process may be slower than traditional manufacturing, you save time by not waiting for tooling to be designed and produced. This cuts down on lead-time considerably. With this in mind, it makes sense why 3D printing is such an attractive option for prototyping. Reducing the prototype stage means you produce revenue-generating parts that much sooner. Not to mention, with 3D Printing companies are provided opportunities for mass customization, reduced material waste, and improved energy efficiency.
For companies looking to gain a competitive edge in the future, 3D printing in the automotive industry will play a large part. For those looking to incorporate 3D printing into their processes, consideration to how products are designed and engineered now will be important. 3D printing should be evaluated as a way to improve customer responsiveness and create new revenue opportunities.
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