Shapeways has announced its expansion of
software service offerings with the launch of MFG Materials. This new service
provides a range of raw materials to manufacturers at discounted rates
according to the company.
“We’re committed to supporting our
manufacturers. With MFG Materials, we’re taking a practical step toward helping
them save on raw material costs,” said Greg Rothman, GM of Software for
Shapeways. “Depending on the volume, suppliers can realise a sound return on
investment by purchasing their raw material inventory through us.”
Shapeways says that through strategic
partnerships and negotiations with “top-tier” raw materials vendors, it is
providing an average of 15% off list prices on the MFG Materials platform, with
discounts varying based on material and quantity ordered.
The company says that the industrial global
raw materials market is vast and diverse, and plays a vital role as a
significant contributor to the US and global economies.
Shapeways says the aluminium market, valued
at 169.8 billion USD in 2021, is projected by Precedence Research to reach
277.5 billion USD by 2030; according to MarketsandMarkets, the iron and steel
market size-valued at nearly 1.6 trillion USD in 2022 is projected to reach 1.9
trillion USD by 2027 and that global plastics, valued at 609 billion USD in
2022 is projected by Grand View Research to see a steady CAGR of 4.0% from 2023
to 2030, driven by rising plastic consumption in various sectors.
Rothman added: “The growth trajectory of
the industrial materials market is impressive. This presents immense
opportunities, and MFG Materials is designed to help our customers tap into
this opportunistic market. We are not only making these markets more
accessible, but also enabling significant cost savings through our economies of
scale. This boosts competitiveness and profitability for manufacturers, fueling
growth in the U.S. manufacturing sector.
Shapeways recently announced two
“significant” contracts in the medical space that it expects will generate up
to 2.5 million USD in revenue each year for the next three years.