Market Analysis for 3D Printer

food market abstract for 3D Printer grocery AnalysisTarget Market3-D printing is the process of creating three-attributeal steady objects from digital models. Our 3D correspondent specializes in manufacturing bunch m other(a)boards and chips. In global all technology-based industries atomic number 18 our target market. Our prime target market is computer companies like Apple, Dell, HP, Toshiba, etc. and last word phone companies like Blackberry, Samsung, Apple, Nokia, LG, etc. indeed there is a wide market demand for 3D printers overdue to its unique features.Motherboards and perimeter chips be essential for the foundation of most technology-based instruments. Industries aim and involved in systems engineering of these instruments acquire them from various companies. Foxconn, Gigabyte Technology, Gumstix, IBM and Intel argon some of the market leaders in the motherboard and Integrated circuit chips manufacturing business. underpin servicesThe circuit models to be prin ted generally need to be in a format supported by the printer. Formats such as lay bys from AWR concept environment and Simulink are currently the two formats being supported by the printer. The two are the most popular design environments for contemporary engineers. The design engineers of the customer company depart be provided give all the obligatory support.Support will be provided in the following ways schooling sessions for design engineers to convert to supported circuit lay kayoed formatTraining on general maintenance of printerFree layout conversion support for the first six months for for formats different from AWR and SimulinkProvide specialized design engineers for companiesMarket evolution3D printers are quite sweet. The current businesses based on 3D printing have blossomed, such as Shapeways. They have uploaded around 100, 000 natural products for printing every month in 2013. http//www.shapeways.com/blog/archives/2394-2013-shapeways-3d-printing-year-in-revie w.htmlThe produce of the use of 3D printing rumpful also be famed from exponential upward increase in number of 3D printable items in Thingiverse, which is an open-source design repository. Figure 1 is the outcome of the epitome achieved by a partnership of the Economist and IBMFigure 1 branch of open-source design repositorieshttp//on3dprinting.com/tag/industry/The statistics discussed above clearly represent the quick growth in use of 3D printers in general.Market TrendMany major companies currently are using 3D printers. Some of them include Boeing, Ford, Nike, General electric and Cochlear. Boeing for example uses them for making airway parts. The 787 Dreamliner has around 30 3D printed parts.http//www.techrepublic.com/article/3d-printing-10-companies-using-it-in-ground-breaking-ways/These examples portray the trend in shifting to 3D printing instead of traditional manufacturing techniques. Due to the rapid development in 3D printing, the technology is expected to matur e in the coming years into a cost effective approach for electronics industry.Market evolutionAs it can be seen from the market trend section, legion(predicate) companies are now using 3D printers for manufacturing. The market is expected to assume dramatically if the cost of mass production can be someway reduced.Some of 3D printers benefitsIt will be faster and cheaper than the usual prototyping methods.Its greater ability to customize products.It will be able to perform at uni-stage process, which saves the cost of tools.It will help in producing motherboards and circuit chips which more slowly than traditional methods of manufacturing them.Competitor reactionThe metals 3-D printing space 3D Systems Corp., Ex single Co., and ArcamSome companies which use 3-D printing systems that can print in metals are 3D Systems Corp, ExOne and Arcam. ExOne offers sytems which will be able to print in metals, sand, glass. Companies like this will be able to produce 3D printed motherboards and circuit chips when they see our product, since they are already capable in producing in metals. naughty completion between these companies will cause the cost of the 3D circuit chips and motherboards to fall. Since Smart phones and computers will benefit highly from the 3D motherboards and circuit chips, Smart phone and computer companies might even subsidies companies producing 3D circuit chips and motherboards. pipeline plan templatehttp//www.business.gov.au/Howtoguides/Thinkingofstartingabusiness/Whatplanningtoolscanhelpme/Pages/Businessplanguidesandtemplates.aspxMarketing PlanProductOur product is a novel 3d printing technology that prints Motherboards and Integrated circuits. Next dimensions 3d printers can be used for manufacturing and also prototyping. visualise engineers can simulate the circuit models and generate circuit layouts. These layouts can thusly be used to print out the circuit directly. The printed circuits can be used tested for different haved specific ations.Pricing strategyThe determine strategy involved thorough analysis of the present 3D printer market. Although our product is a novel 3D printer, we strive to offer the outstrip value for money for our printer. Potential competitors such as Stratasys have printers ranging from $15, 000 to $75, 000. payoff printers provided by them are $50, 000 and above. Our printers will cost $42, 000 and provide the exceptional novel technology of printing Integrated Circuit chips and Motherboards.http//www.stratasys.com/resources//media/970DE4A9F3134110817C731796C5CA5E.pdfAdvertising promotional strategyPlanned promotion /advertising typeExpected business valueCost ($)Online AdvertisingOnline advertising allows more customers worldwide to know roughly the product compared to traditional advertising. Internet advertising is ideal for businesses with a discipline or international target market and large-scale distribution capabilities It is more cost effective and less time consuming.5 000Print media advertisingNewspapers and magazines are abundant in supply and these will create greater word-painting and better and frequent advert. Compared to other media advertisements, print ads are less intrusive. upsets-off processes such as listening to radio and watching television may or may not compel attention. Whereas a person makes a concious decision to engage to the images and words of a newspaper15000Mail outIt is highly measureable which helps companies to measure the result of advertising campaigns. It is more tangible than other forms of advertising.4000Social media campaignIt is the most cost effective way to elicit a brand or a product and spread its advertisement through the internet or media. The add of information that can be provided is much greater than in any other form of communication. One of the defining characteristics of socal media advertising is interactivity. We will have official accounts on Twitter, Google+, Facebook, youtube and our tes tify forum for consultation.We aim to monitor social networks and answer customer queries. This will also allow us to have an understanding of our state in the market. Information and analyses from these networks will be sent to our management team so that we can improve our services continually.NASales distribution impartChannel typePercentage of sales (%)AdvantagesDisadvantagesInternet75greater degree of freedom for customers. Supplier saves time and cost of distribution of their products. They are also able to interact in a massively growing market. Automatic selling sales and delivery makes the marketing a lot easier and quicker. Online sales also allow instant feedback on new changes. The marketing costs are relatively lower and better targeting. Promotional strategies can be specifically aimed at potential customers.The internet allows impersonal fundamental interaction between seller and the buyer since not enough communication. Online fraud can happen which means loss of money for both the consumer and the producer. When the website goes down, company loses out on payment transactions which means less earnings for the company. It is not always easy to have a team of staff who are efficient enough to manage the website.Wholesale15Since products are bought in bulk and at a cheaper rate there is higher profit margin.It requires a large amount of money buying wholesale products. Since manufacturers require minimum order quantity in order for you to take advantage of the wholesale price, you need to shell out a large amount of capital.Shop front10 (initially)We will start off with a store in Sydney and keep expanding. 3D printing concept is yet quite new and allowing our customer to have a first hand experience of how the process works will do wonders. Design engineers will be present from time to time to also conduct negotiation on the layout generation process.The cost side of this attempt is a drawback. We do not expect to generate enough sales thro ugh this rail line to make it productive initially. However we believe that starting up a business with a shop front will be profitable in the long run.