3D printing has always been a niche market, with a small handful of companies dominating the industry. That said, the industry is rapidly growing as more companies make the leap to enter the market, which is expected to be worth over $30 billion by 2022.
Like Market and Markets highlights, contributing factors to the market’s growth include 3D printing evolving from developing prototypes to end-user products, mass customization, production of complex parts, government investment into 3D printing, and improvements with respect to manufacturing efficiency.
As such, there are a handful of companies that come up time and time again in discussions of this market. Here, the Investing News Network (INN) provides a brief overview of the seven major players in the 3D printing industry.
1. 3D Systems (NYSE:DDD)
Market cap: $2.14 billion; current share price: $19.93
First on our list of 3D printing companies is none other than 3D Systems. The company provides 3D products and services, including 3D printers, print materials, part services and digital design tools. The company covers several industries with its products: manufacturing, design and engineering, and healthcare. On June 12, the company announced it had expanded leadership in End-toEnd Healthcare Solutions with the addition of its line of medical simulators.
2. ExOne (NASDAQ:XONE)
Market cap: $200.98 million; current share price: $13.25
Founded in 2005, ExOne’s business mainly entails of making and selling 3D printing machines and products that are unique to its customers by using installed-base of 3D printing machines. ExOne uses proprietary Binder Jetting technology developed at MIT to print complex parts utilizing industrial-grade materials. This unique heatless technology uses a liquid binding agent to join powder particule, bonding layers of material to form an object. Some materials that have been used include metals, sands, and ceramics.
3. Hewlett-Packard (NYSE:HPQ)
Market cap: $27.73 billion; current share price: $16.85
The next 3D printing company on our list is Hewlett-Packard (HP). Although not strictly a 3D printing company, the company is making inroads into the 3D printing market with its Multi Jet Fusion technology. HP’s focus is on leveraging 3D printing technology for mainstream manufacturing. In March 2017, the company unveiled the world’s first state-of-the-art laboratory in Oregon, as well as a Material Development Kit in collaboration with SIGMADESIGN. The HP 3D Open Materials and Applications Lab is set to “help companies develop, test and deliver the next generation of materials and applications for 3D printing.”
4. Materialise NV (NASDAQ:MTLS)
Market cap: $546.33 million; current share price: $12.43
For over 25, years, Materialise has been providing software solutions and 3D printing services to the industry. Materialise is a Belgium-based company that prides itself in focusing on software and services in the 3D printing industry with a portfolio os over 95 patents and 165 more pending.
In March 2017, the company announced FDA clearance for its 3D-printed patient-specific radius and ulna osteotomy guides for children which means Materialise will be able to create patient-specific guides at a reasonable cost. In May 2017, the company announced it would begin production with HP Jet Fusion 3D 4200.
5. Organovo (NASDAQ:ONVO)
Market cap: $278.23 million; current share price: $2.69
Organovo uses 3D bioprinting technology to create three-dimensional functional human tissues for medical research and surgical and therapeutic applications. These 3D printed tissues can be implanted or delivered into the human body. The company is also active in researching specific tissues for therapeutic use in direct surgical applications.
6. Proto Labs (NYSE:PRLB)
Market cap: $1.69 billion; current share price: $64.60
Proto Labs specializes in rapid prototyping using three additive processes: stereolithography, selective laser sintering, and direct metal laser sintering. The company has 8 manufacturing locations in 3 continents, with its global headquarters located in Maple Plain, Minnesota. In early 2017, Proto Labs was lauded a Manufacturing Leadership Award by Frost & Sullivan in the Talent Leadership Management category.
7. Stratasys (NASDAQ:SSYS)
Market cap: $1.40 billion; current share price: $26.26
Stratasys operates primarily in the healthcare, aerospace, automotive and education markets. The company holds over 600 granted or pending additive manufacturing patents globally. Some of its key patents are the FDM®, PolyJet™ and WDM™ 3D printing technologies, which create prototypes and manufactured goods directly from 3D CAD files and other 3D content. The company’s subsidiaries include MakerBot and Solidscape.
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This is an updated version of an article first published on the Investing News Network in 2015. Is there a large-scale market cap company that should be included? Let us know in the comments!
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.