Economic Advantage to Making Your Own Stuff with 3D Printing |
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Source
B.T. Wittbrodt, A.G. Glover, J. Laureto, G.C. Anzalone, D. Oppliger, J.L. Irwin, J.M. Pearce (2013), Life-cycle economic analysis of distributed manufacturing with open-source 3-D printers, Mechatronics, 2013 (in press). http://dx.doi.org/10.1016/j.mechatronics.2013.06.002
Highlights
- Open-source 3-D printers makes distributed manufacturing technically feasible.
- Self-replicating rapid prototypers (RepRaps) can manufacture half of their own parts.
- Life-cycle economic analysis of RepRap technology for US household provided.
- Open-source 3-D printers recover material costs in less than 1 year, >200% ROI
- Open-source designs growing exponentially predicts distributed manufacturing scaling.
Abstract
The recent development of open-source 3-D printers makes scaling of distributed additive-based manufacturing of high-value objects technically feasible and offers the potential for widespread proliferation of mechatronics education and participation. These self-replicating rapid prototypers (RepRaps) can manufacture approximately half of their own parts from sequential fused deposition of polymer feedstocks. RepRaps have been demonstrated for conventional prototyping and engineering, customizing scientific equipment, and appropriate technology-related manufacturing for sustainable development. However, in order for this technology to proliferate like 2-D electronic printers have, it must be economically viable for a typical household. This study reports on the life-cycle economic analysis (LCEA) of RepRap technology for an average US household. A new low-cost RepRap is described and the costs of materials and time to construct it are quantified. The economic costs of a selection of 20 open-source printable designs (representing less than 0.02% of those available), are typical of products that a household might purchase, are quantified for print time, energy, and filament consumption and compared to low and high Internet market prices for similar products without shipping costs. The results show that even making the extremely conservative assumption that the household would only use the printer to make the selected 20 products a year the avoided purchase cost savings would range from about $300 to $2000/year. Assuming the 25 h of necessary printing for the selected products is evenly distributed throughout the year these savings provide a simple payback time for the RepRap in 4 months to 2 years and provide an ROI between >200% and >40%. As both upgrades and the components that are most likely to wear out in the RepRap can be printed and thus the lifetime of the distributing manufacturing can be substantially increased the unavoidable conclusion from this study is that the RepRap is an economically attractive investment for the average US household already. It appears clear that as RepRaps improve in reliability, continue to decline in cost and both the number and assumed utility of open-source designs continues growing exponentially, open-source 3-D printers will become a mass-market mechatronic device.
Press
- Make It Yourself and Save—a Lot—with 3D Printers - MTU News, Nanowerk, Cool 3D printing, Science Codex, Product Design and Development, Innovation Toronto, Space Mart
- A 3-D Printer Can Pay For Itself In Less Than A Year - Popular Science
- Study Finds 3D Printers Pay For Themselves In Under a Year - Slashdot
- Household 3D Printers Can Pay For Themselves in a Year - Gizmodo
- MTU Study: 3D Printing Will Reach The Home Soon - CBS Detroit, Worldnews, Detroit City and Press
- 3-D Printers could soon be a household items - 97.7 the Wolf
- Make It Yourself With a 3-D Printer and Save Big Time - Science Daily, My Science Academy
- Economic analysis shows 3-D printing is ready for showtime - Phys.org
- 3D printing at Michigan Tech- Prototype Today
- 3D Printers Can Save You Money - Red Orbit, Before it is news
- MTU Study: 3D printers may soon be in every home - 3Ders, ewallstreeter, TG Daily, Tech Investor News, #d Printer Updates
- Research : Open-source 3D Printing Economic Implications - CW
- Study: Using 3D Printers for Household Products Could Save Hundreds of Dollars - Daily Tech
- 3D Printing Could Become Mainstream: Make it Yourself to Save (Video) - Science World Reports
- Study Predicts Home Use of Additive Manufacturing - Rapid Ready Tech
- Households can save big time by using 3D printers for common items - ZME Science
- 3D printers are ready for prime time - Amtel Corp.
- 3D printers may soon be in every home - Laboratory Equipment
- 3D Printers Can Save You Money - ICT Craze
- Study: Home 3D printing may bring 'make it, don't buy it' to families - IStockAnalyst
- 3D Printing at Home: Small Savings Will Add Up - Business News Daily
- How to save money by making stuff with 3D printers - Kurzweil
- 3d Printers Can Already Save Consumers Money - Curious Cat blog
- Study Finds Major Savings Through Household 3-D Printing - Txchnologist, Tech Hive
- The household economics of 3-D printers - Marginal Revolution
- Study Finds 3D Printing Could Save The Average Home Up To $2,000 A Year - Techcrunch
- Study: At-home 3-D printing could save consumers 'thousands' - CNN, CBS Channel 3 Memphis
- 3D printers can pay for themselves in under a year - Computer World
- Study: Home 3D printing may bring 'make it, don't buy it' to families - UPI
- If you were being ripped off overpaying for iphone docks or are willing to use 3D printed Orthotics then 3D printers can save a lot of money - Next Big Future
- Household 3D printers pay for themselves in short order - Boing Boing
- printing in the home could save you up to $2000 a year- Personalize
- MTU Study About 3D Printers - DIYZilla
- 3-D printing could save the average home up to $2,000 a year - MSN
- You Are Probably Underestimating The Value Of At-Home 3-D Printing - Fast Company
- Research in Michigan: 3D printers could save owners a lot of money- M Live
- New Study: 3D Printers Will Pay For Themselves in a Year……What Do You Think? - Solid Smack
- HouseHold Printers Pay For Themselves In A Year - Byte and Chew
- 3D Printing at Home: Small Savings Will Add Up - Yahoo News
- Manufacturers to Cash in on 3D Printing Savings - Digital Manufacturing Report
- Michigan Tech Researcher Claims Personal 3D Printing Could Save Consumers a Bundle Annually - Hot Hardware
- Podcast #420 - August 3rd, 2013 -The Skeptics’ Guide to the Universe
Canada
Spain
- Las impresoras 3D, rentables para sus usuarios - El Correo (Spanish for "The Courier") is the leading daily newspaper in Bilbao and the Basque Country of northern Spain. Its daily circulation, at ~100,000.
- Las impresoras 3D, rentables para sus usuarios - Que Es
- Las impresoras 3D, rentables para sus usuarios -ABC is a Spanish national daily newspaper - circulation >240,000, Sure es
- "Hágalo usted mismo": impresión 3D para fabricar en casa objetos cotidianos - Tendencias 21
Poland
- Drukarka 3D lepsza niż supermarket(3D Printer better than the supermarket) - Money.pl
- Drukarka 3D lepsza niż supermarket - Onet.pl (largest Polish webportal)
Japan
Hungary
Austria
- So viel Geld lässt sich mit 3D- Druckern sparen - Krone, is Austria's largest newspaper. According to a Österreichische Media-Analyse study, the average daily readership is 2,970,000.
Netherlands
- 3D-printer klaar voor grote doorbraak: de printer levert meer op dan deze kost - Scientias.nl
- En hjemme-3D-printer kan nu tjene sig selv hjem på et år - Politiken.dk (circulation ~100k)
Russia
- Домашний 3D-принтер окупается за 1 год - Habrahabr (blog)
UK
Norway
- Du kan spare tusenvis av kroner på 3D-skriving - Hardware.no
France
- Imprimantes 3D : rentables en moins d'un an La Tribune ( French financial newspaper circulation of ~78,000)