Rapid Prototyping And the Expansion of The Economy in China
There a lot of notions about product manufacturing in China that needs to be cleared up in the open to get a better grasp of the type of market we are dealing with. Many things have happened in China over the past two decades that have shaped a new way to do business with manufacturers in the mainland. The country is now a market of exceptional value that no longer sacrifices quality over quantities. The most prevalent standpoint in the current market is that rapid prototyping China offers state of the art products at meager costs, and that’s just the tip of the iceberg.
The facts are out there for everyone to see: rapid prototyping in China has evolved beyond the now outdated preconception that the label “Made in China” was synonymous with low-quality products. Long gone are the days of creating prototypes following Shouban principles, this method required long hours and experts handcrafters that translated in really high costs. The average value of this type of prototypes could go from $1,000 to $5,000 easily. The final take could need revisions that could increase the overall cost of the project. The new technology for Rapid prototyping has made away with all that.
The Estate Behind the Growing Initiative of a Business Front:
This forward thinking within the manufacturing industry started at the turn of the new millennium. A lot of prototyping companies invested vast amounts of money in CNC machining equipment and rapid prototyping technology. This quickly made the prices of prototypes to decline in a matter of months. The current cost of a prototype is still going down as tech developers create new technology that is able to work with new materials and 3D printers that can create functional products. Revisions are no longer an issue, and any project can be handled in a matter of weeks.
There is also no mistake in the fact that China’s ruling state offered a lot of support to local businessmen to transform their operations and make them compliant to the standards of quality demanded by international regulations. These very companies are the same pushing forward for the quick evolution of CNC technology and enhanced 3D printing equipment. The results can be seen all around the world, with these machines now being developed for home use as well as industrial. All these machinations have helped China’s economic growth in the last twenty years. Their GDP has expanded at a rate of 10% on average since 2000, and the lowest point has been near 7% in the last five years.