With February knocking on our door, it’s time to recap on the beginning of 2020. January has proven a good start for 2020 for Tractus3D. With an orderbook well filled and shipping industrial 3D printers all over the world, we’re now expanding to over 30 countries.
The global Additive Manufacturing (AM) and 3D printing market is growing rapidly. More and more industries and companies embrace 3D printing and incorporate it within their business. As a result a major landmark was reached in 2019, with a total turnover in the Additive Manufacturing (AM) and 3D printing market to exceed $ 10bn.
According to SmarTechAnalysis’ 2020 Outlook, additive manufacturing technologies have continued to be the focus of a growing group of several companies. From multinational technology companies, to the global chemical community, to fast growing startups backed by huge investments. The market is expected to grow exponential, and will reach $ 35bn by 2024.
Factors such as easy development of customized products, reduction of manufacturing cost and process downtime, government investments in 3D printing projects, and development of new industrial-grade 3D printing materials will ensure that the market will become more mature every year and therefore will drive the growth of the 3D printing industry to bigger heights than ever.
We experience the same maturing with our customers in all industries. Currently, trend in the 3D printing applications is shifting from prototyping to functional part manufacturing in various verticals, such as automotive, medical, aerospace, and consumer goods.
In 2020 3D printing will become more and more common in everyday business. Do you want to incorporate 3D printing in your company as well? Contact us now and we’ll start this journey together with you!