Connect with us

Technology

3D Printing Materials Market to Reach $11.08 Billion by 2031 – Growing Demand for Polymers in 3D Printing Applications and the Increasing Focus of Organizations on Product Development and Prototyping | Exclusive Report by Meticulous Research®

Published

3 hours ago

on

REDDING, Calif., Sept. 23, 2024 /PRNewswire/ — According to a new market research report titled, ‘3D Printing Materials Market by Type (Polymers, Metals & Alloys, Ceramics & Composites), Form (Powders, Filaments, Liquids), Technology (FDM, SLS, SLA, MJF, EBM, Others), End User (Automotive, Healthcare, Others), and Geography- Global Forecast to 2031.

The 3D printing materials market is projected to reach $11.08 billion by 2031, at a CAGR of 23.8% from 2024 to 2031.

Download FREE PDF Brochure Of 3D Printing Materials Market – https://www.meticulousresearch.com/download-sample-report/cp_id=5083

Balancing Growth: Rising Demand and Innovation Drive the 3D Printing Market Amid Cost and Skill Challenges

The growth of this market is driven by the growing demand for polymers in 3D printing applications, the increasing focus of organizations on product development and prototyping, and government initiatives supporting the adoption of 3D printing technologies. However, the high costs of 3D printing materials restrain the growth of this market.

Furthermore, the application of 3D printing technologies in the education sector and enterprises’ increasing focus on hybrid material innovation are expected to generate market growth opportunities. However, the shortage of skilled professionals and limited material selection are major challenges impacting market growth.

Application of 3D Printing Technologies in the Education Sector

The use of 3D printing technologies in the education sector is expected to create growth opportunities for market stakeholders. 3D printing technologies help improve learning and skill development and increase student-teacher engagement. Also, working with 3D-printed models helps students improve creativity and solve complex problems with ease. 3D printing technologies improve students’ understanding by allowing them to physically touch and observe 3D-printed objects. Thus, the growing adoption of 3D printing technologies in the education sector is expected to drive the demand for 3D printing materials.

Get Insightful Data On Regions, Market Segments, Customer Landscape, And Top Companies (Charts, Tables, Figures And More) – https://www.meticulousresearch.com/request-sample-report/cp_id=5083

Nowadays, educators have started implementing 3D printing technologies at all levels, from primary to secondary school. 3D printing technologies enable educators to provide students with accurate physical prototypes and, thus, practical, and hands-on knowledge, allowing them to understand scientific concepts. Many countries have started introducing 3D printing technologies in schools and universities. For instance, the Japanese Ministry of Economy, Trade, and Industry (METI) chose several universities and technical schools to subsidize two-thirds of their expenses toward introducing 3D printing technology. Also, following the U.S., Japan joined Britain and Australia in introducing 3D printing technologies in schools and other educational institutions.

Many universities and technical colleges have incorporated 3D printing modules and projects into various courses, such as engineering and applied sciences. The third-level 3D printing module focuses on building 3D printers from scratch and fabricating 3D models using various materials. 3D printing technologies thus aid visual and practical learning across sciences. 3D-printed components are often used as test models for scientific experiments in disciplines such as mechanical engineering, aerospace, and robotics. The use of 3D printers in public libraries helps improve knowledge exchange between learners. Also, university libraries have started maintaining dedicated makerspaces with 3D printers that can be used by all library members.

3D Printing Materials Market Analysis: Key Segmental Findings

By Type: In 2024, the polymers segment is expected to account for the largest share of 79.0% of the 3D printing materials market. However, the ceramics & composites segment is expected to register the highest CAGR of 31.8% during the forecast period 2024–2031.By Form: In 2024, the powders segment is expected to account for the largest share of 46.3% of the 3D printing materials market. However, the filaments segment is expected to register the highest CAGR during the forecast period 2024–2031.By Technology: In 2024, the Fused Deposition Modeling (FDM) segment is expected to account for the largest share of the 3D printing materials market. However, the Electron Beam Melting (EBM) segment is expected to register the highest CAGR during the forecast period 2024–2031.By End User: In 2024, the aerospace & defense segment is expected to account for the largest share of 25.0% of the 3D printing materials market. However, the industrial segment is expected to register the highest CAGR during the forecast period 2024–2031.

Explore the Key Market Segments Driving Growth (Download Free Sample) – https://www.meticulousresearch.com/download-sample-report/cp_id=5083

Geographic Analysis:

Based on geography, the 3D printing materials market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 36.3% of the 3D printing materials market.

The consumer goods market is among the largest markets in North America. In recent years, many companies in the consumer goods space have started using 3D printing technology to manufacture products ranging from personalized headphones to customized footwear, which is expected to drive the demand for 3D printing materials in North America. Many companies have started setting up 3D printing material manufacturing plants in the region to cater to this growing demand. For instance, ARMOR Group, a France-based company, has set up 3D printing material manufacturing operations near Cincinnati, U.S. The plant also manufactures plastic products, such as thermal transfer ribbons.

The growing use of various 3D printing technologies for manufacturing orthopedic, cranial, and dental implants, surgical instruments, and prosthetics for the healthcare industry in the region is boosting the demand for 3D printing materials.

Browse In-depth Report Now – https://www.meticulousresearch.com/product/3d-printing-material-market-5083

Furthermore, various local players in the 3D printing space are collaborating with A&D companies to develop 3D printing technologies for the manufacture of high-performance aerospace & defense components. For instance, in October 2023, 3D Systems, Inc. (U.S.) launched its MJP 300W 3D printer and VisiJet Wax Jewel Ruby material. Thus, technological advances are also expected to support the growth of the 3D printing materials market in North America.

In 2024, the U.S. is expected to account for the dominant share of 95.0% of the 3D printing materials market in North America. The country’s large market share is mainly attributed to the growing adoption of 3D printing technology in healthcare, automotive, and industrial, among other applications, and the increasing demand for 3D printing technology in the country’s aerospace industry to manufacture stronger and lighter aircraft parts and components.

Asia-Pacific: The Fastest-growing Regional Market

Asia-Pacific is projected to register the highest CAGR of 28.6% during the forecast period 2024–2031. In 2024, China is expected to account for the largest share of the 3D printing materials market in Asia-Pacific. The manufacturing sector in Asia-Pacific is developing rapidly, with a growing interest in new technologies for efficient production. Additionally, increased digitization is driving the adoption of 3D printers in industries such as consumer goods, construction, healthcare, electronics, and semiconductors. China, India, Japan, South Korea, and Singapore are some of the largest economies in this region, with significant potential for the adoption of 3D printing technologies due to the rapid increase in industrialization.

Have specific research needs? Request a customized research report –https://www.meticulousresearch.com/request-customization/cp_id=5083

Manufacturing companies’ growing interest in new technologies and increasing government support for technology adoption have boosted the utilization of 3D printing technologies and materials in the region’s manufacturing sector. Increasing digitalization in the region has also fueled the adoption of 3D printing technology across the consumer goods, healthcare, construction, and education industries in Asia-Pacific.

The high adoption of 3D printing technology in the healthcare industry has accelerated the production and utilization of 3D printing materials. For instance, in February 2024, Lithoz GmbH (Austria) established a technology network to advance ceramic 3D printing. The network will initially consist of three Japanese ceramic companies—AS ONE (Japan), Mitsui Kinzoku ACT (Japan), and Yugyokuen Ceramics (Japan).

Germany Continues to Dominate the 3D Printing Materials Market in Europe

In 2024, Germany is expected to account for the largest share of the 3D printing materials market in Europe. Germany’s large share is attributed to the growing adoption of 3D printing technology among the country’s automotive companies.

Need Insights on Regional Data? Check Out Our Detailed Analysis (Download Free Sample) – https://www.meticulousresearch.com/download-sample-report/cp_id=5083

3D Printing Materials Market: Competition Analysis

This report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted over the past 3–4 years. Major companies in the 3D printing materials market have implemented various strategies to expand their product offerings and global footprints and augment their market shares.

The key strategies followed by most companies in the 3D printing materials market include product launches, expansions, mergers & acquisitions, agreements, collaborations, and partnerships. The key players operating in the 3D printing materials market include Markforged, Inc. (U.S.), Sculpteo (France), Stratasys Ltd. (U.S.), Evonik Industries AG (Germany), Zortrax (Poland), 3D Systems, Inc. (U.S.), Proto Labs, Inc. (U.S.), MATERIALISE NV (Belgium), The ExOne Company (U.S.), IC3D, Inc. (U.S.), Desktop Metal, Inc. (U.S.), EOS GmbH (Germany), Tethon3D (U.S.), Lithoz GmbH (Germany), and Formlabs (U.S.).

Learn About the Top Companies Influencing Market Dynamics (Download Free Sample) – https://www.meticulousresearch.com/download-sample-report/cp_id=5083

3D Printing Materials Industry Overview: Latest Developments from Key Industry Players

In March 2024, HP Inc. (U.S.) launched a new polymer material, HP 3D HR PA 12 S, enabled by Arkema (France), establishing a new benchmark in surface finish with lower costs per part. The new PA 12 S material sets the standard for surface aesthetics while reducing costs for customers using HP’s Jet Fusion 5200 Series 3D printing solutions.In February 2024, Lithoz GmbH (Austria) established a technology network to advance ceramic 3D printing. The network will initially consist of three Japanese ceramic companies—AS ONE (Japan), Mitsui Kinzoku ACT (Japan), and Yugyokuen Ceramics (Japan).In October 2023, Desktop Metal, Inc. (U.S.) launched ETEC Pro XL, an industrial polymer 3D printer that delivers extreme accuracy, resolution, and surface finish in a large build area with high throughput speeds. Additional updates to ETEC Pro XL include a 4K ultra-high-definition projector and proven HyperPrint technology for continuous, isotropic printing.In March 2021, STRATASYS LTD. (Israel) launched the J5 DentaJet multi-material 3D printing system to enable dental professionals to load mixed trays of dental parts. The J5 DentaJet can handle up to five different materials and allows dental labs to manufacture several parts with multiple materials for partial denture applications or dental implant cases.In March 2021, Evonik Industries AG (Germany) launched a new ready-to-use PEEK filament for 3D printing industrial plastic parts. The high-temperature material called INFINAM PEEK 9359 F is compatible with extrusion-based 3D printing processes such as FDM and FFF. It is designed to replace metals in “infinite” industrial 3D printing applications.

IMMEDIATE DELIVERY AVAILABLE | BUY THIS RESEARCH REPORT (Insights, Charts, Tables, Figures and More) – https://www.meticulousresearch.com/Checkout/27404287

Scope of the Report:

3D Printing Materials Market Assessment—by Type

PolymersPhotopolymersPolyamide (PA)Polylactic AcidAcrylic Styrene Acrylonitrile (ASA)Polycarbonates (PC)Polypropylene (PP)Thermoplastic Elastomers (TPE)Other PolymersMetals & AlloysSteelTitaniumNickelAluminumCopperCobalt-ChromeOther Metals & AlloysCeramics & Composites

3D Printing Materials Market Assessment—by Form

PowdersFilamentsLiquids

3D Printing Materials Market Assessment—by Technology

Fused Deposition Modeling (FDM)Selective Laser Sintering (SLS)Stereolithography (SLA)Direct Metal Laser Sintering (DMLS)PolyjetMulti Jet Fusion (MJF)Digital Light Processing (DLP)Electron Beam Melting (EBM)Other Technologies

3D Printing Materials Market Assessment—by End User

Consumer Packaged GoodsElectronic AppliancesJewelry & Artistic ItemsOther Consumer Packaged Goods ApplicationsAutomotiveIndustrialEquipment & MachinesGoods & MaterialsHealthcareImplantsDentalMedical DevicesAerospace & DefensePrototypesBody & Spare PartsEnergyConstructionOther End Users

3D Printing Materials Market Assessment—by Geography

North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalySpainRussiaRest of Europe (RoE)Asia-Pacific (APAC)ChinaJapanIndiaSouth KoreaRest of Asia-Pacific (RoAPAC)Latin AmericaBrazilMexicoRest of Latin America (RoLATAM)Middle East & AfricaIsraelUAERest of Middle East & Africa

Browse More Related Reports:

Dental 3D Printing Market, worth $3.56B in 2023, is set to grow to $16.22B by 2031, driven by a CAGR of 20.9% from 2024 – https://www.meticulousresearch.com/product/dental-3d-printing-market-5487

3D Printing Plastics Market will reach $7.8 billion by 2031, growing at a CAGR of 23.2% from 2024 to 2031 – https://www.meticulousresearch.com/product/3d-printing-plastics-market-5950

Explore booming 3D Printing Construction Market, set to reach $1,617.5 Billion by 2030, growing at a staggering CAGR of 207.1% from 2024 to 2030 – https://www.meticulousresearch.com/product/3d-printing-construction-market-5450

Medical 3D printing market is projected to reach $9.6 billion by 2030, at a CAGR of 18.3% during forecast period – https://www.meticulousresearch.com/product/medical-3d-printing-market-5507

Dental 3D Printing Materials Market is Projected to Reach $5.4 Billion by 2031 at a CAGR of 27.3% From 2024 to 2031 – https://www.meticulousresearch.com/product/dental-3d-printing-material-market-5204

3D Printing Materials Market is projected to reach $11.08 billion by 2031, at a CAGR of 23.8% from 2024 to 2031 – https://www.meticulousresearch.com/product/3d-printing-material-market-5083

3D Printing PLA Market By Application (Consumer products, Automotive Parts, Industrial Applications, Healthcare, Aerospace & Defense, Others) And Geography – Global Forecast To 2027 – https://www.meticulousresearch.com/product/3d-printing-pla-market-5152

3D Printing Materials Market Report Summary

Particulars

Details

Number of Pages

250

Format

PDF

Forecast Period

2024-2031

Base Year

2023

CAGR

23.8 %

Estimated Market Size (Value)

$11.08 billion by 2031

Countries Covered

North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa (Israel, UAE, Rest of Middle East & Africa).

Key Companies

Markforged, Inc. (U.S.), Sculpteo (France), Stratasys Ltd. (U.S.), Evonik Industries AG (Germany), Zortrax (Poland), 3D Systems, Inc. (U.S.), Proto Labs, Inc. (U.S.), MATERIALISE NV (Belgium), The ExOne Company (U.S.), IC3D, Inc. (U.S.), Desktop Metal, Inc. (U.S.), EOS GmbH (Germany), Tethon3D (U.S.), Lithoz GmbH (Germany), and Formlabs (U.S.).

Hot Industry Reports: Emerging Trends and Market Forecasts

Nutraceutical Ingredients Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/nutraceutical-ingredients-market-5044

Speech Analytics Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/speech-analytics-market-5364

Disinfection Robots Market Size, Share, Forecast, & Trends – https://www.meticulousresearch.com/product/disinfection-robots-market-5234

Clinical Trial Supplies Market Size, Share, Forecast, & Trends 2031 – https://www.meticulousresearch.com/product/clinical-trial-supplies-market-5072

Bovine Gelatin Market by Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/bovine-gelatin-market-5794

Collaborative Robots Market: Types, Trends, & Forecasts 2031 – https://www.meticulousresearch.com/product/collaborative-robots-market-5014

Learning Management System (LMS) Market Size, Share 2030 – https://www.meticulousresearch.com/product/learning-management-system-market-5052

Research Antibodies and Reagents Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/research-antibodies-and-reagents-market-5055

Digital Twin Market Size, Share, & Growth Analysis 2030 – https://www.meticulousresearch.com/product/digital-twin-market-5060

e-SUVs Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/e-suvs-market-5958

Europe Orthodontics Market by Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/europe-orthodontics-market-5701

Antimicrobial Susceptibility Testing Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/antimicrobial-susceptibility-testing-market-5062

South East Asia Molecular Diagnostics Market by Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/south-east-asia-molecular-diagnostics-market-5775

AI in Supply Chain Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/ai-in-supply-chain-market-5064

Europe Microalgae Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/europe-microalgae-market-5491

Vaccines Market Size, Share, & Industry Growth 2031 – https://www.meticulousresearch.com/product/vaccines-market-5076

Human Nutrition Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/human-nutrition-market-5046

Feed Additives Market Industry Overview & 2030 Projections – https://www.meticulousresearch.com/product/feed-additives-market-5082

Healthcare IT Market Trends & Insights, Forecast to 2031 – https://www.meticulousresearch.com/product/healthcare-it-market-5084

Edge Computing Market: Components, Applications & Forecasts – https://www.meticulousresearch.com/product/edge-computing-market-5061

Vietnam Cartonboard Paper Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/vietnam-cartonboard-paper-market-5572

Europe Water and Wastewater Treatment Market by Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/europe-water-and-wastewater-treatment-market-5664

Pharmaceutical Processing Equipment Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/pharmaceutical-processing-equipment-market-5296

Smart Waste Management Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/smart-waste-management-market-5063

Cybersecurity Market Size, Share, Forecast, & Trends 2031 – https://www.meticulousresearch.com/product/cybersecurity-market-5069

Latin America IVD Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/latin-america-ivd-market-5105

Weather Monitoring Systems Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/weather-monitoring-systems-market-5417

Seed Treatment Market by Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/seed-treatment-market-5075

Continuous Bioprocessing Market by Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/continuous-bioprocessing-market-5079

Non-destructive Testing Services Market Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/non-destructive-testing-services-market-5118

Europe Livestock Diagnostics Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/europe-livestock-diagnostics-market-5751

Access Control Market by Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/access-control-market-5097

Collagen Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/collagen-market-5121

Organic Food Market: Types, Channels, & Forecasts 2031 – https://www.meticulousresearch.com/product/organic-food-market-5122

Europe Phycocyanin Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/europe-phycocyanin-market-5488

Water and Wastewater Treatment Technologies Market Analysis – https://www.meticulousresearch.com/product/water-and-wastewater-treatment-technologies-market-5299

Dairy Alternatives Market Size, Trends & Analysis by 2031 – https://www.meticulousresearch.com/product/dairy-alternatives-market-5128

South East Asia Pharmaceutical Contract Development and Manufacturing Market by Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/south-east-asia-pharmaceutical-contract-development-and-manufacturing-market-5675

South East Asia Smart Home Market by Size, Share, Forecast, & Trends Analysis – https://www.meticulousresearch.com/product/south-east-asia-smart-home-market-5674

Hydrocolloids Market by Size, Share, Forecasts, & Trends Analysis – https://www.meticulousresearch.com/product/hydrocolloids-market-5109

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe: +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Meticulousblog.org | Top Market Research Reports Blog – https://meticulousblog.org/
Content Source: https://www.meticulousresearch.com/pressrelease/91/3d-printing-material-market

Photo: https://mma.prnewswire.com/media/2512505/3D_Printing_METICULOUS.jpg
Logo: https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/3d-printing-materials-market-to-reach-11-08-billion-by-2031—growing-demand-for-polymers-in-3d-printing-applications-and-the-increasing-focus-of-organizations-on-product-development-and-prototyping–exclusive-report-by-meticulo-302255472.html

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Cat® Simulators New Hydraulic Mining Shovel System Builds Operator Skills for Mine Sites

Published

47 mins ago

on

September 23, 2024

By

Simformotion™ LLC, a leader in heavy equipment simulator training solutions, announces the release of the new Cat® Simulators Hydraulic Mining Shovel System.

PEORIA, Ill., Sept. 23, 2024 /PRNewswire-PRWeb/ — Simformotion™ LLC – a leader in heavy equipment simulator training solutions – announces the release of the new Cat® Simulators Hydraulic Mining Shovel System. Operator trainees can utilize the system inside a classroom or at satellite mine locations.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites,” says CEO Lara Aaron.

The hands-on training system is set in a mining environment and teaches learners how to operate the Hydraulic Mining Shovel, including inspecting the machine, spotting and properly loading trucks, and more. Correct, efficient operation increases safety, production and cost savings. Simulation is a safe alternative to using actual machines for heavy equipment operator training. Students and operators can train anytime and anywhere using simulators — no need to take a costly machine out of production, worry about the weather or, most importantly, worry about the operator’s safety.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites. We often hear of the struggles to find skilled operators. Cat Simulators systems help companies build their own workforce,” says CEO Lara Aaron.

The Cat Simulators Hydraulic Mining Shovel system is available in multiple languages and includes SimU Campus™, a built-in reporting software that records and generates reports of learners’ simulation sessions and compares their performance to Caterpillar benchmarks. The system features authentic Cat controls, a motion system, exclusive walkaround machine inspection training, and a companion SimScholars™ curriculum, making the training package a unique offering.

The companion SimScholars online curriculum is a one-to-one match with the simulator model and can be used in the classroom or for remote learning. It is an interactive, turn-key solution complete with instructor guides, videos, quizzes and more. Integrate the Cat Simulators Hydraulic Mining Shovel system and its curriculum together for a unique, blended learning experience.

For even more training value and for a more immersive experience, add VR Edition. With the VR headset and patented VR Now technology, users experience a larger view of the virtual environment with greater depth perception. The simulator is portable and easy to move from a training room to a trailer to satellite locations.

About Simformotion™ LLC

©Copyright 2024 Simformotion™ LLC is a leader in heavy equipment simulator training solutions. Simulation can help address initiatives such as safety and production; while ensuring training can be delivered anytime day or night, regardless of weather conditions. Cat Simulators are chosen as training solutions in such markets as mining, construction, forestry, government, and trade and vocational schools. Simformotion™ LLC is a licensee of Caterpillar Inc. As used herein, “Simformotion” means Simformotion™ LLC, a Delaware limited liability company.

About Caterpillar Inc.

About Caterpillar Inc. With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

CAT, CATERPILLAR, LET’S DO THE WORK, their respective logos, “Caterpillar Corporate Yellow,” and the “Power Edge” and “Modern Hex” trade dress, as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission. www.cat.com / www.caterpillar.com Third party trademarks are the property of their respective owners.

Media Contact
Kim Roberts, Simformotion, 1 3096703200, kroberts@simformotion.com, https://simformotion.com/

View original content to download multimedia:https://www.prweb.com/releases/cat-simulators-new-hydraulic-mining-shovel-system-builds-operator-skills-for-mine-sites-302255377.html

SOURCE Simformotion

Continue Reading

Technology

GR0 CEO Kevin Miller Snags C-Suite Insiders CEO of the Year Award for Brand Optimization

Published

48 mins ago

on

September 23, 2024

By

GR0 Co-Founder and CEO Kevin Miller Honored for Excellence in Leadership, Innovation, and Industry Impact

LOS ANGELES, Sept. 23, 2024 /PRNewswire-PRWeb/ — Kevin Miller, Co-Founder and CEO of GR0, was awarded CEO of the Year for brand optimization from the prestigious C-Suite Leadership Awards Program. This recognition underscores Miller’s outstanding leadership, innovation, and transformative impact in the digital marketing industry.

Recognized for celebrating excellence in senior executives, the C-Suite Leadership Awards Program highlights remarkable achievements in business. Emphasizing the importance of exceptional leadership, innovation, and industry impact, the program honors high-performing executives who inspire success while shaping the future of their companies.

As Co-Founder and CEO of GR0, Kevin Miller has propelled his company to the forefront of the digital marketing industry. Leveraging extensive expertise from roles at Google and Open Listings, Miller has spearheaded notable successes for GR0, including accolades such as a Platinum dotCOMM award in 2024 and a Best SEO Company award from Clutch in 2021.

Assisting both D2C and B2B clients, GR0 is known for delivering measurable growth and impactful results as a trusted agency for businesses seeking transformative omnichannel digital marketing solutions.

Miller’s dedication to his team and commitment to fostering an exemplary working environment have not gone unnoticed. He was recognized with a Best CEO Award from Glassdoor and was instrumental in GR0 being named a Best Company for Women by Great Place to Work in 2024. These achievements underscore Miller’s holistic approach to leadership, focusing on business success and employee well-being.

For further details on Miller’s remarkable achievements and to explore GR0’s transformative digital marketing strategies, visit GR0’s website.

About GR0: A leading omnichannel digital marketing agency based in Los Angeles, GR0 delivers exceptional growth and impactful results for a diverse clientele. With a record of innovation and recognition in digital marketing, GR0 sets benchmarks and drives success stories for businesses worldwide.

Media Contact

GR0 Agency, GR0, +1 (310) 439-1887, performancepr@gr0.com, gr0.com 

View original content:https://www.prweb.com/releases/gr0-ceo-kevin-miller-snags-c-suite-insiders-ceo-of-the-year-award-for-brand-optimization-302253897.html

SOURCE GR0

Continue Reading

Technology

First Pacific Bank expands its instant payments offerings with Finastra, driving growth

Published

48 mins ago

on

September 23, 2024

By

With Finastra Payments To Go, the bank enhances its payments infrastructure and unlocks new opportunities 

LAKE MARY, Fla., Sept. 23, 2024 /PRNewswire/ — Finastra today announced that First Pacific Bank, a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth. 

As part of Finastra’s commitment to Open Finance, Payments To Go offers seamless connectivity to other software providers, fintechs, and financial institutions, giving banks the flexibility needed to deploy modern and agile payment solutions quickly and efficiently.

“Our selection of Payments To Go was driven by the need for a robust instant payments platform that supports our growth and innovation plans, particularly as we expand our commercial business,” said Sharokin Badal, SVP, Director of Deposit and Treasury Services at First Pacific Bank. “With Finastra, our customers will benefit from additional payment offerings, enabling better cash flow and financial management. The modernity and scalability of Payments To Go, along with its seamless integration with our existing vendors, make it the ideal solution.”

Deployed on Microsoft Azure cloud, Payments To Go provides the bank with the agility needed to offer new and innovative payments rails, including FedNow Service. As one of the first software providers in the industry to complete certification for the FedNow Service and ISO 20022 compliance, Finastra is well-positioned to provide financial institutions with the ability to deliver instant payment services around the clock, with more than 200 customers across the US able to launch FedNow Service through its solutions.

“Our payments as a service solution provides First Pacific Bank with a modern infrastructure that enables scalability and an enhanced customer experience,” said Radha Suvarna, Chief Product Officer, Payments at Finastra. “We’re pleased that the bank selected us to not just prepare them for regulatory and compliance requirements, but to support the team as they meet the moment to unlock new opportunities in payments innovation.”

“Readiness for both ISO 20022 messaging standards for Fedwire and the FedNow Service are critically important for community-based financial institutions to stay competitive and compliant as the instant payments space continues to evolve,” said Erika Baumann, Director Commercial Banking and Payments at Datos Insights. “By aligning with global standards and embracing new payment rails, community banks are well positioned to improve their offerings.”

To learn more about Payments To Go, visit Finastra at Sibos 2024 on stand G30.

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

About First Pacific Bank
First Pacific Bank is a wholly owned subsidiary of First Pacific Bancorp (OTC Pink: FPBC) and is a growing community bank catering to individuals, professionals, and small-to-medium sized businesses throughout Southern California. With a history that spans 17 years, the Bank offers a personalized approach, access to decision makers, a broad range of solutions, and a commitment to delivering an exceptional customer experience. First Pacific Bank operates locations in Los Angeles County, Orange County, San Diego County, and the Inland Empire. For more information, visit firstpacbank.com or call 888.BNK.AT.FPB.

Logo – https://mma.prnewswire.com/media/1916021/4923875/FINASTRA_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/first-pacific-bank-expands-its-instant-payments-offerings-with-finastra-driving-growth-302254356.html

Continue Reading

Trending