Technology and innovation are reshaping industries across the world at a breathless and breakneck speed. 3D printing or additive manufacturing is one technology that has revolutionized the automotive industry.
The additive manufacturing field is highly competitive and, therefore, large and small players in the 3D space focus on specific capabilities that can lead to greater competitiveness. Some of these capabilities include fewer design restrictions and direct production of final components by eliminating the need for new tooling.
The need for efficient management of logistics, as well as reduced manufacturing time and associated costs, is driving the demand for the industry. Therefore, 3D printing exhibits wide applications within the sector for prototyping and tooling, research and development, and product innovation.
Some of these capabilities include fewer design restrictions and direct production of final components by eliminating the need for new tooling. Currently, several developments are taking place in the industry to reduce cost.
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