Say Goodbye to “Made in
China” This transformative technology holds the potential to completely revolutionize manufacturing – and perhaps even take China down in the process.
It Seems Like Every Decade…
A technology comes along and fundamentally changes the world • The 1980s: The PC made its way into households. • The 1990s: The Internet became all the rage. • The 2000s: The early days of the smartphone revolution began.
2014: The Next Technology Revolution
3-D Printing • 3-D printing generated only $3 billion in revenues worldwide in 2013 • Many believe the 3-D printing industry will grow by orders of magnitude in the future. • There’s still a tremendous investment opportunity for growth.
What Is 3-D Printing? Also
known as “additive manufacturing” • Objects are built layer by layer. • Differs from traditional manufacturing, which often starts with a solid block of material that’s shaved down into its final form. • Objects can be 3-D printed in a range of materials, including plastic, glass, sand, composite, and metal.
What Makes 3-D Printing So
Great? The benefits can be profound for manufacturers • Faster product development times • No tooling required • Nearly unlimited complexity • Potential to make fundamentally better products over conventional manufacturing methods
Case Study: General Electric 3-D
printing jet engine fuel nozzles • GE plans to 3-D metal print 45,000 fuel nozzles a year for its upcoming Leap jet engine. An industry first! • GE can consolidate a conventionally manufactured fuel nozzle from 20 parts into one 3-D printed part. • The benefits are so significant that GE wants 3-D printing to “touch” 50% of its products in 20 years in some way, whether it’s the product itself, the tools to make the product, or early iterations of the product.
Case Study: General Electric (cont’d)
• GE will likely have to invest billions to grow its 3-D printing and advanced manufacturing capacity to support 50% of its products being “touched” by 3-D printing in next 20 years. • If other manufacturers follow suit, it could lead to significant 3-D printing spending in the future. • Continued worldwide adoption of 3-D printing could promote a resurgence in localized manufacturing and cut China’s manufacturing base out of the equation.
Nearing a Tipping Point? Growth
rates have accelerated 25-year average: 27% per year, compounded Last three years: 32.3% per year, compounded What this means: 3-D printing technology could be hitting an inflection point in terms of adoption.
Tremendous Untapped Potential • In
2013, 3-D printing generated just north of $3 billion in worldwide revenues. • If 3-D printing can grow to represent just 1% of the $10.5 trillion worldwide manufacturing base, it would become a $105 billion a year industry!