Desktop Metal, a prominent vendor of binder jet 3D printing technology, secured a $7.9 million purchase from a large German vehicle manufacturer. The business would employ its new binder jet 3D printers to mass produce metal vehicle engine parts in large quantities. Desktop Metal already services multiple worldwide automobile firms, several of which 3D print series end-use car components using the company's technology. BMW, Continental, Ford, and Renault are among the companies involved.
GE Additive, GE's industrial 3D printing subsidiary, revealed the commercial launch of its Series 3 binder jet platform. The Series 3 is capable of swiftly depositing a unique binder into pieces up to 25 kilos in size, with a diameter of less than 500m, thanks to the technology underlying its alpha and beta predecessors. According to Josh Mook, an Innovation Leader at GE Additive, it is feasible to make metal parts like casting on an industrial scale using machines, which can be integrated into automated manufacturing lines.
Author Credits: Rushikesh, Richa Gupta
Report ID: 5445
Published Date: Dec 06, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing advancements in nations and minimization of carbon footprints are the major factors driving the growth of the binder jet market.
The market size of binder jet is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2024-2036.
The major players in the market are Proto3000 Inc., Desktop Metal Inc, GE Additive, Voxeljet AG, 3D Systems, Inc., Stratasys, Ltd., Renishaw plc., Proto Labs Inc., HP Development Company, L.P., and others.
The hardware segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.