By now, you have probably heard about the revolution in manufacturing that is happening thanks to 3D printing technology. Although the first functional 3D printer was created in 1984, this technology has only recently gained momentum in the mass market. Fabrication techniques and tools that used to cost millions and take large amounts of time are quickly getting surpassed in speed, cost, and even quality by new equipment capable of creating three-dimensional plastic parts from a digital file. Whether starting from scratch with a file created in a Computer Aided Design (CAD) program or when copying an existing form using a 3D scanner, objects are made by layering material in what is referred to as an additive process. The result is a fast and simple means of creating everything from car parts to functional replacements for human organs.
Any business that creates physical goods can potentially benefit from adopting 3D printing technology. One area that has seen enormous benefit from this technology is rapid prototyping. Businesses that need to build functional proofs of concept before making the leap to full-scale production can now affordably create full-size models of the parts they need, or even mass-product the end products themselves, using 3D printers and scanners.
There has also recently been a surge in the number of businesses that provide 3D printing services on demand. If your business needs prototypes or parts built only occasionally, it can make sense to create the necessary digital design yourself – or outsource this task to a specialist – and then deliver it to a specialty 3D printing firm for creation. Many companies are now growing rapidly by simply maintaining an inventory of cutting-edge 3D printing and scanning equipment, backing it up with best in class information technology, and marketing their services to small businesses and individuals like inventors and scientists.
Whether your company could realize significant cost and time savings by printing your own parts, as major players like General Motors and NASA already have, or you want to start your own 3D printing business, your biggest barrier will be the initial cost of the equipment. You will also need to plan for regular replacement of your printing and scanning machinery, as advances in this fabrication technology are coming at a breakneck pace.
These costs can be significant, but by financing your 3D printing equipment with a provider like TimePayment, you can guarantee that you always have the latest and most powerful tools while paying for them in manageable installments. Paying for 3D printing equipment over time allows you to easily budget for the cost of the machinery and software and pay for it with the savings it generates and the profit it brings to your business.
To learn more about leasing your 3D printing and scanning equipment, the financial products available to you, and how easy it can be to outfit your company with the latest high-performance manufacturing tools, contact a representative of TimePayment today.