3D printing’s primary role in supply chains revolves around manufacturing. Many manufacturers use it for small-batch or custom orders because of its fast turnaround time. Its popularity in warehousing and distribution is rising, too, since it’s a relatively versatile technology. Logistics companies use it to bridge the gap between the digital and physical worlds.
While many people associate 3D printing products and services with do-it-yourself projects and fun, worthless trinkets, it’s not just for consumers. In the logistics sector, its penetration rate is high — which isn’t surprising, given its global market value is set to reach $35.6 billion in 2024, achieving a compound annual growth rate of 22.5% from 2020 to 2024.
Since this technology can accelerate typical production and backend processes, it has become a large part of logistics. Already, 74% of supply chain companies report spending $5-$10 million on additive manufacturing technology, and another 18% spend up to $50 million. As its penetration rate increases and investments grow, decision-makers will uncover new use cases.
Manufacturers use 3D printing to shift from mass production to on-demand. For example, medical equipment manufacturers use it to craft tailor-made prosthetics. Some facilities have established local hubs where they produce, assemble, and ship products from decentralized centers instead of relying on distributors to distribute from one central location.
Note that they’re talking here primarily about $10000-and-up printers that use technologies like laser sintering, not the plastic filament types that you can buy for a few hundred and set up in your garage. Sintering printers can print metal and ceramic as well as plastic, and can produce better-quality parts.