In this article, we discuss the top 10 3D printing companies in the world. If you want to skip our analysis of the growth outlook of the 3D printing industry, go directly to the Top 5 3D Printing Companies in the World.
The 3D printing industry is a dynamic and high-growth industry that is becoming more mainstream with each passing day. According to Strategic Market Research, in 2021, the 3D printing market’s total addressable market was valued at $13.5 billion, and the sector is currently expanding at a rate of over 15% annually. However, there are regional differences in how this technology is being implemented. While in nations like India, less than 20% of industrial production businesses employ 3D printing technology, the employment rate is over 40% in the United States. The market for 3D printing hardware in North America is expected to reach $4 billion in 2021.
Given how extensively the world relied on additive manufacturing to endure the COVID-19 pandemic, the recent uptick in confidence toward 3D printing does not appear to be a coincidence. Companies with 3D printing technologies began scaling up the production of the scarce medical personal protective equipment (PPE) like respirators and face masks as the pandemic progressed. By accelerating prototypes and research, 3D printing assisted in the development of novel diagnostic tools and testing kits.
3D printing applications are numerous since it enables customers to design and modify products quickly before investing in the expensive processes involved in traditional manufacturing. Three-dimensional printed batteries are one example of an application area that is rapidly expanding. The primary driver of market expansion is the growing need for strong batteries for energy storage. According to the International Renewable Energy Agency (IRENA), to achieve the target of about 45% of power output from renewable sources by 2030, the globe will need to install nearly 150 GW of battery storage. Strategic Market Research estimates that by 2030, the market for 3D printed batteries will expand by 19.5% annually.
Furthermore, the automotive, industrial manufacturing, and aerospace industry are also among the industries heavily investing in 3D technology. The size of the global aircraft 3D printing market was nearly $1.7 billion in 2021, and it is anticipated to grow at a CAGR of 20.23% to $9.2 billion by 2030. Notable players in the 3D Printing Industry include Autodesk, Inc. (NASDAQ:ADSK), Stratasys Ltd. (NASDAQ:SSYS), and Xometry, Inc. (NASDAQ:XMTR).
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Our Methodology
We have looked at the growth potential and the financial strength of these companies. The analyst ratings have been discussed to provide an overview of the market sentiment. Insider Monkey’s database of 895 hedge funds was used to rank the stocks according to the level of hedge fund ownership as of Q2 2022.
Top 10 3D Printing Companies in the World
10. SLM Solutions Group AG (OTC:SLGRF)
Number of Hedge Fund Holders: N/A
SLM Solutions Group AG (OTC:SLGRF) is a Lübeck, Germany-based producer of 3D printers and the inventor of the selective laser melting procedure with over 650 machines installed across the world.
Analysts think that SLM Solutions Group AG (OTC:SLGRF) is a “pioneer” in the field of metal additive manufacturing. The company stands to benefit from short-term and long-term growth catalysts due to the new product cycles and the shift toward employing 3D printing equipment in mass production processes. Experts believe that the company’s latest 3D printer NXG XII 600, has a solid demand outlook, and SLM Solutions Group AG (OTC:SLGRF) can see its sales compound annually at an average rate of 33% from FY21 to FY24.
SLM Solutions Group AG (OTC:SLGRF) revealed that the NXG XII 600 had effectively entered the delivery stage of production during the second quarter. The first two units in the series were delivered in Q2 in accordance with the company’s long-term plan. The company also received two new orders for the machine during the quarter. In addition to that, Rolls Royce bought two more of the company’s SLM 500 systems to increase the production of Pearl10X engines.
Troy Jensen at Lake Street initiated coverage on the stock in a note issued to investors on July 22. Jensen gave SLM Solutions Group AG (OTC:SLGRF) stock a Buy rating and a target price of $18. The target price provides a potential upside of over 51.2% from the closing price as of August 22.
9. Materialise NV (NASDAQ:MTLS)
Number of Hedge Fund Holders: 5
Materialise NV (NASDAQ:MTLS) is a Leuven, Belgium-based provider of 3D printing software solutions and printing services with an experience of over three decades. The company has one of the world’s biggest 3D printing facilities.
Materialise NV’s (NASDAQ:MTLS) manufacturing operations have exceeded the pre-Covid levels as of Q2 2022. The company has notably shifted its attention to the 3D printing segments and verticals that it believes offer the highest growth opportunities.
During Q2 2022, Materialise NV (NASDAQ:MTLS) outperformed revenue estimates and reported in-line adjusted EPS as higher inflation and labor costs impacted the bottom line. Revenue increased by 14.5% YoY to $59.16 million, beating the consensus forecast of $58.48 million. Meanwhile, the adjusted EPS of two cents was in-line with the analysts’ forecast. Materialise NV (NASDAQ:MTLS) also revealed that it anticipates FY22 revenue to increase by at least 10% YoY to $256 million as opposed to the analysts’ forecast of $233.32 million.
As of June 30, Cathie Wood’s Ark Investment Management is the biggest shareholder in Materialise NV (NASDAQ:MTLS), with ownership of over 6.2 million shares or 11.45% of total shares outstanding. During Q2, the hedge fund increased its stake in the company by 6% on a sequential basis.
8. Nano Dimension Ltd. (NASDAQ:NNDM)
Number of Hedge Fund Holders: 8
Nano Dimension Ltd. (NASDAQ:NNDM) is a Waltham, Massachusetts-based organization that employs 3D printing in the manufacturing of circuit boards and other electronic devices. The company is also bringing more precision to the 3D printing industry through its Fabrica 3D precision micro AM printers.
In July, Nano Dimension Ltd. (NASDAQ:NNDM) acquired Formatec Holding for $12.9 million. Formatec Holding specializes in the production of 3D printing systems for metal and ceramic parts. Over the last year, Nano Dimension Ltd. (NASDAQ:NNDM) made three acquisitions. Analysts believe the company can support these growth ventures due to its strong balance sheet and over $1.2 billion in cash and short-term investments. To return value to shareholders, Nano Dimension Ltd. (NASDAQ:NNDM) has also announced a share buyback plan of $100 million.
Furthermore, Nano Dimension Ltd. (NASDAQ:NNDM) revealed that it had acquired a 12% stake in Stratasys Ltd. (NASDAQ:SSYS) on July 18. Stratasys has the distinction of being one of the oldest and biggest players on the polymer side of the 3D printing industry.
Nano Dimension Ltd. (NASDAQ:NNDM) reported its preliminary Q2 2022 results on July 27. The company recorded revenue of $11 million, reflecting a 5.5% growth sequentially and 1,275% from the same period last year.
Nano Dimension Ltd. (NASDAQ:NNDM) was held by 8 hedge funds as of Q2 2022.
7. Desktop Metal, Inc. (NYSE:DM)
Number of Hedge Fund Holders: 12
Desktop Metal, Inc. (NYSE:DM) is a Burlington, Massachusetts-based 3D printing company founded in 2015. The company is working on increasing the applicability of 3D printing for mass production through its broad portfolio.
Desktop Metal, Inc. (NYSE:DM) believes it will have a total addressable market (TAM) of over $100 billion in the additive manufacturing segment by 2030. This reflects a compound annual growth rate of over 25% from 2019 to 2030. The company has a strong pipeline of more than 650 patents, either approved or at the pending stage.
Desktop Metal, Inc. (NYSE:DM) reported better-than-expected Q2 2022 results on August 8. Revenue increased by 32% quarter-over-quarter (QoQ) and by 204% YoY to a record level of $57.7 million. It surpassed analysts’ forecast of $54.36 million. Desktop Metal, Inc. (NYSE:DM) reiterated its FY22 revenue forecast of around $260 million as opposed to the analysts’ forecast of $251.96 million.
Overall, 12 hedge funds reported owning a stake in Desktop Metal, Inc. (NYSE:DM) at the end of Q2 2022.
6. 3D Systems Corporation (NYSE:DDD)
Number of Hedge Fund Holders: 15
3D Systems Corporation (NYSE:DDD) is a Rock Hill, South Carolina-based developer, manufacturer, and seller of 3D printers, scanners, and related services.
To consolidate its position in the 3D printing industry, 3D Systems Corporation (NYSE:DDD) has acquired Kumovis and Titan Robotics over the last year. President and CEO Dr. Jeffrey Graves believe that 2022 will be an investment year during which 3D Systems Corporation (NYSE:DDD) will restructure its solutions portfolio and introduce distinctive competencies in the area of software services and regenerative medicine. The effort is being made to provide long-term value to shareholders through growth and profitability.
Analysts believe that 3D Systems Corporation (NYSE:DDD) has a solid customer base that would allow the company to weather the short-term headwinds and continue on its growth trajectory. The 3D medical equipment segment in the healthcare sector is anticipated to increase from over $2 billion to around $6.6 billion through 2028, reflecting a CAGR of 17.5%. 3D Systems Corporation (NYSE:DDD) is anticipated to receive a sizable portion of new contracts from this sector as the company refocuses its efforts to meet the increasing demand.
Of the 895 hedge funds being tracked by Insider Monkey at the end of Q2 2022, 15 funds held a stake in 3D Systems Corporation (NYSE:DDD).
In addition to 3D Systems Corporation (NYSE:DDD), stocks like Autodesk, Inc. (NASDAQ:ADSK), Stratasys Ltd. (NASDAQ:SSYS), and Xometry, Inc. (NASDAQ:XMTR) are also on our list of the top 10 3D printing companies in the world.
Click to continue reading and see the Top 5 3D Printing Companies in the World.
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Disclose. None. Top 10 3D Printing Companies in the World is originally published on Insider Monkey.
