The Future of (Spare) Parts is Digital
DSPW Europe 2022
Spare parts
is big business
For example: in 2019 the global market size for spare parts in Automotive and Aviation was $278B and $907B respectively, with an approximate 4% Compound Annual Growth Rate (CAGR). Today, about 5% of spare parts in all industries would be suitable for manufacturing using Additive Manufacturing technologies. It’s estimated that over the next three years, this percentage will at least double, if not triple.
Additive Manufacturing (AM) will impact Spare Parts Markets
AM is the industrial term for 3D Printing. In addition to allowing for the creation of bespoke parts and new product design, AM also enables organizations to develop virtual stock and new production processes, therefore impacting supply chain management in a potentially extremely significant way.
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The Future of Spare Parts is Digital
The most insightful experience about how AM changes the future of (spare) parts
Being the premier event, DSPW Europe 2022 will bring together the experts of the additive manufacturing value chain and the innovative and influential leaders from important vertical industries.
This is where cutting edge providers of digital technologies showcase spare parts innovations that deliver competitive advantage for most manufacturing industries, while at the same time learning from innovators and early adopters in those vertical industries how resources are spent wisely on new (spare) parts strategies.
Both the AM industry and various segments of manufacturing industries cross paths to learn from one another, forge partnerships, and access new economic value creation.
The exhibition, conference and user seminars outline challenges and help steer a course for the development of (spare) parts markets in various manufacturing industries.
The lessons learned from Covid-19 will contribute to creating an enhanced hybrid, cross-platform experience. So DSPW Europe 2022 in Essen also provides a digital platform with additional digital content for a broader worldwide audience.