3D Printing

The 3D printing market is growing at a 15% yearly rate. In North America, the 3D printing market is anticipated to grow to $4 billion by 2021. Over 40% of industrial production enterprises in the U.S. use this technology, compared to fewer than 20% in India. To survive the COVID-19 epidemic, additive manufacturing played a significant role. New testing and diagnostic kits were made possible thanks to 3D printing. The market for 3D printed batteries is anticipated to grow by 19.5% yearly by 2030. The market for 3D-printed airplanes was around $1.7 billion in size in 2021, and by 2030, it is expected to reach $9.2 billion with a CAGR of 20.23%. Additionally, among the sectors heavily utilizing 3D technology are the automobile, industrial production, and aerospace sectors.

Insider Monkey highlights the top 10 3D printing companies in the world. SLM Solutions Group AG, a 3D printer manufacturer situated in L├╝beck, Germany, is the creator of the selective laser melting process. According to experts, the company’s most recent 3D printer, the NXG XII 600, has a promising demand prognosis. A producer of software solutions and printing services for 3D printing, Materialise NV is situated in Leuven, Belgium. In contrast to the average estimate of $58.48 million, revenue climbed by 14.5% YoY to $59.16 million. A 3D printing company with its headquarters in Waltham, Massachusetts, is called Nano Dimension Ltd. Due to the company’s robust balance sheet and more than $1.2 billion in cash and short-term investments, analysts are confident it can fund these expansion initiatives. On August 8, Desktop Metal, Inc. released Q2 2022 financial results that exceeded expectations. Revenue reached a record high of $57.7 million, up 32% quarter over quarter (QoQ) and 204% year over year. Developer, producer, and retailer of 3D printers, scanners, and related services is 3D Systems Corporation. To strengthen its position in the 3D printing market, the company recently purchased Kumovis and Titan Robotics. For more details, click The Top 10 3D Printing Companies In The World.

 

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