Additive manufacturing has the potential to attain 1% of global manufacturing revenue in the next five years. For Canada this would translate to $2 billion GDP, an opportunity NGen looks to help achieve. NGen brought together Canada’s leading experts in additive manufacturing (3D Printing) to get their perspectives on Canada’s additive manufacturing ecosystem and how best NGen can support SMEs in adopting the technology.
NGen is now sharing the results of this initiative in a whitepaper that outlines priorities that will help companies identify how to use the technology to be innovative and more productive.
Additive manufacturing is a multi-billion-dollar opportunity, that will transform and disrupt global manufacturing. It is also widely misunderstood and misrepresented. By conducting interviews
with many of Canada’s additive experts this report set out to understand how Canada might adapt, adopt and exploit the new paradigm of additive manufacturing.
Sales of additively manufactured parts grew globally from $5.7 billion to $6.8 billion in 20191, and the 20% growth rate has been sustained for years. However, this figure is still only a tiny fraction of the $14 trillion global manufacturing added value, and it is tempting to dismiss additive manufacturing as unimportant. The same argument could be made for electric vehicles as a small percentage of the total transportation market. But electric vehicles have changed everything, from manufacturing, through to distribution and even ownership models.
For example, will decades of excellence designing, manufacturing and assembling 6-cylinder engines count for much going forward into an electric future?
Read the complete report here.