3D printing is making its debut as a mainstream product, and it’s coming with a number of problems that could hamper its long-term viability.
But the biggest problems are its downsides and its costs, which could prove to be a boon for some businesses.
Read MoreThe news article A new report released Monday by the Financial Services Forum found that 3D printer makers were facing some of the biggest challenges facing the industry.
The report, based on research by the FSB and other financial services groups, says that, while the industry is still expanding at a fast pace, the biggest drivers of demand for 3D prints are rising costs and a lack of supply.
It cites as a major concern the continued lack of high-quality supply of parts for new 3D-printable products, which has slowed down the pace of manufacturing in recent years.
“While demand for new models of printers has increased in recent months, the demand for existing models has not,” the report states.
“At the same time, supply is not expanding at the same pace as demand.”
Read MoreHere’s the breakdown of the report:While the demand and supply for 3Ds and parts has increased since the first batch of printers was launched, that’s largely because the demand is coming from the most lucrative areas of the business, such as electronics, manufacturing, consumer electronics and healthcare, according to the report.
The report also notes that the rapid expansion of the industry will likely cause the prices of some of its most popular products to continue to rise.
“The most significant increase in the price of 3D printed parts will likely occur in the consumer electronics, consumer products, healthcare and retail sectors, where prices will continue to climb,” the FSRF report states, noting that consumer electronics are the most valuable areas of 3d printing.
The other major driver of the demand was the fact that there were not enough people willing to buy them, according the report, noting the fact many of those who did buy could not be bothered to purchase them, leaving them with nothing.
“This could cause manufacturers to stop offering 3D printable products for their customers, and will lead to a reduction in demand for the products, potentially leading to a decrease in supply, and possibly a sharp decline in prices,” the study says.
It also cites the growing cost of 3DS printers as a significant challenge to the industry, as the price has gone up in recent weeks, from $499 to $1,200.
That’s a $200 increase for each new 3DS printer, according of the FSF report.
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The FSF has been conducting an annual survey of the printing industry since the mid-1990s, looking at what 3D machines are used for and the types of jobs they’re being used for.
The study is conducted every three years, with an average of 10,000 3D scanners and printers, according in the report and an analysis of data from FSB data.
It also tracks the demand of each printer.
The FSF says it plans to release a report in 2019 on the number of printers in the U.S. and its global market.