3D printing has triggered a small revolution in numerous areas of industry in recent years. It is increasingly becoming a disruptive technology. That supersedes and completely replaces previous standards. It’s no wonder, after all, the pace of technology is increasing. The rate at which new developments emerge and take control of the market continues to grow. While inventions used to take decades to establish themselves, this now only takes a short time. As soon as the nerds have discovered something new, the leap into the mass market is pending. Then the product and the process wash over the economy like a giant wave. The battle for companies and consumers is getting harder and faster. Today it is often the resource-poor companies that win against the large established companies. 3D printing undoubtedly has the potential for such a takeover.
History teaches us that nothing in the economy can survive forever. A few months ago, for example, Amazon founder and boss Jeff Bezos caused a stir with a statement in this regard. He made it clear that sooner or later, every company will go bankrupt. Amazon is no exception. After all, his company has been active for more than 20 years. Many large companies have disappeared after 30 years. Who still talks about MySpace or Xerox today? For a long time, IBM ruled the computer market like a monopoly, is facing enormous competition today. While oil companies were considered the most valuable companies in the world 20 years ago, technology companies have taken their place today. So, the economy is always changing. Those business models that are faster, better, and more effectively take power at regular intervals. That is nowhere near as long as it was in the last century.
The Pace of Change Continues to Increase
The car was an excellent example of this; for centuries, people used horses to transport. When the vehicle came up, it took decades to prevail over the horse. Now that the classic combustion engine has established itself worldwide, it is in danger of being overtaken by the electric drive. This process will certainly not take decades. Other industries had to painfully experience how quickly beloved products can come to an end in the past.
The music industry vastly underestimated the development of MP3. The result was an enormous drop in sales of physical sound carriers. When the industry started to organize digital files’ sales, the next revolution was just around the corner. Spotify established a streaming model that also drove the sale of downloads from the market. Today, consumers mainly buy the pre-models from streaming providers. All other formats have long since faded into the background and are fighting for the last market share. It is therefore quite possible that 3D printing will completely replace traditional production methods. In any case, the technology is well on its way. It is beginning to become a standard for production. The percentage of companies that are already using or interested in technology is increasing every year. The next few years will prove the assertiveness of 3D printing.