In the last five years, we witnessed how the market value of 3D printing services increased, soaring so high that it reached 25 percent per year. The surge of interest among enterprising parties in the business sector did not come to us as a surprise.
It is because everyone right this very moment seems to be wanting to put up a 3D printing company of their own. This wave of interest has spurred the dramatic growth in its market value.
Otherwise known as additive manufacturing, this material printing industry provides us with a great variety of business niches to venture into. Although each kind of 3D printing company has a unique range of requirements that calls for no less than a proper setup, general data will simplify the establishment of any 3D printing business.
Decide What Kind of 3D Printer Service Provider You Want to Have
There are several areas where three-dimensional printing can be useful. For viable 3D printing firms, there are a handful of many different niches they can choose from and focus their services on.
Typical examples include 3-dimensional printing of machinery parts and prototypes, establishing a local 3D printing service, and 3D printing of toys and mundane everyday objects.
3D Prototyping and Model Printing
Well over 65% of the market for 3D printing services comes from electrical or automotive engineers as well as the consumer goods manufacturing sector. In addition to this, technology, engineering, architecture, and medicine industries all require device models, chemical compounds, and manufacturing parts.
It is typical for the above mentioned industries to have a part of their R & D process to examine and test out a prototype design or to seek better and more effective ways to create a required production component.
It will not only help increase demand but will also substantially pull down costs for 3D-printed parts and components. As such, committing an additive manufacturing firm to help out other business addresses in filling out such needs or requirements can be quite profitable.
What kind of business in 3-Dimensional Printing Would You Be Interested in Setting Up?
Much like any other new businesses, a brand new and shining 3-dimensional printing business will need a considerable amount of time before it can get off the ground. It is therefore critical that we determine how much you can manage efficiently to launch a 3D print company.
What this means to say is that you need to know how much your budget is and how much physical space you will expend on your upcoming company. You also need to know how much manpower you need to work with. And lastly also, how much time you can dedicate to your individual or independent projects.
Since not all 3D printer companies work the same, each niche comes with its own array of specifications. 3D production pieces and prototypes, for instance, require the use of larger printers that are packed with more advanced capabilities.
How much does a Start-Up 3D Business Cost?
The actual setup cost of a 3D printer company will depend upon the type of focus you will choose. The costs would vary from $1,000 and $10,000, and this is just for setting up a company offering 3D printing service. Other aspects of the business are not yet included in that amount.
This cost, however, will be highly dependent on the kind of utilities, 3D printer, office space rental (say for example that you don’t work at home) and, lastly, the 3-dimensional printing software or application you want and then marketing.
As for the cost of the core equipment, you will use for the business, a 3D printer will be determined by its capabilities together with the quality of the printer, and its size.