Imagine being able to take a model of your proposed product to any investors or potential customers long before your product is ready to go to market. That's the power of 3D printing. The ability to hold something in your hands and actually see it apart from a computer screen or a 2D image on a piece of paper goes a long way toward making a good impression.
Not only does 3D printing save time and money, but it can create products in a way that would have been impossible just a decade ago. Items can be created for an individual customer, ranging from protective gear to prosthetics. Products in development can go through multiple iterations in rapid succession, so all the flaws can be worked out before mass production.
3D printing is undeniably the wave of the future and product developers would do well to take advantage of it. The technology is becoming so commonplace that even inventors who don't own one themselves can gain access to them -- so there's no excuse not to utilize it to its fullest.
The plummeting cost of 3D printers is a big factor in its widespread growth. These devices can be used with various material types, utilizing already popular CAD software and computer hardware, making it feasible for just about any industry or business to get some use out of the ability to create physical components basically at will.
With a 3D printer, one does not have to be an engineer or have access to a manufacturing plant to get new items -- they can just print them in house or contract a facility with a 3D printer of its own. Often, these printed objects are lighter and easier to work with than objects made through more traditional means. Thanks to another rapidly growing technology -- cloud storage, templates and images for printing can be easily disseminated, allowing for the rapid development of the best possible techniques to use for any given printable object.
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An object like a bicycle no longer has to be built to integrate with all its components, like chains, pedals, and gears. Each part of the bike can be printed and downloaded to exact specification, allowing anyone to put together custom equipment to a degree never before possible. Such processes can be scaled up, as well. A USA Today article even details the creation of a new hybrid transmission. A functional prototype was made from aluminum powder after a day or two of printing.
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