3D Printing can help various industries address their spare parts issues, such as old parts, obsolete parts, low volume parts, long-tail performance, etc. 3D Printing can help create significant value for your enterprise.

Why 3D Printing Spare Parts?

Currently, spare parts manufacturers cannot meet their customers’ needs; 47% of customers have looked into 3D Printing their parts. In the next five years, 85% of spare parts suppliers will incorporate 3D Printing into their business.

What are the Challenges in the Spare Parts Industry?

Inventory Storage of Spare Parts

Suppliers across the globe face a lot of difficulties in maintaining and store spare part inventory. The profit margins are positively affected due to the high operational costs needed to manage the inventory.

High Costs of Spare Parts

Buying spare parts also causes a lot of money to the customer since the production and operational costs are high.

Higher Turnaround Time

Sometimes, the spare parts’ designs are so intricate that local manufacturers depend on foreign manufacturers because the operational process is significantly affected, and the parts are not produced or delivered on time.

Wastage of Materials

We are well aware that traditional spare part manufacturing techniques like casting, milling cause a lot of material wastage. Only 30-60% of the material is used to design and produce, and the rest of the 70-40% block is disposed of. But 3D Printing reduces wastage by 95%, allowing the companies to take up a big project. It helps them save up on the production costs and provide cost-friendly parts.