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3D Printing Companies – What are the best applications?
3D printing technology is rapidly advancing. Beijing University recently made news for the creation of 50 large titanium alloy parts for aircraft carriers and rockets, all printed with titanium-based laser sintering 3D printing technology. Meanwhile, a Chinese toddler successfully underwent the world’s first skull reconstruction surgery using 3D printing technology. These dramatic headlines illustrate the innovation occurring in the field of 3D printing.
But many 3D printing companies have seen a spectacular nosedive since the market peak in late 2013.
We turned to Oppenheimer Managing Director and Senior Analyst Holden Lewis to answer those questions about the future of 3D printing companies. Throughout a discussion about what went wrong with 3D printing, where there may still be investment opportunities and how the market will look long term, Lewis’ message remained constant: “there is no lack of ultimate demand for this type of technology. Of that I’m convinced.”
In the long term, Lewis believes “there’s not going to be a manufacturing plant in the world that doesn’t have a 3D printer.” The PwC report affirms this outlook: 66.7 percent of manufacturers are currently adopting 3D printing, and 24.7 percent plan to adopt the technology in the future. Market forecasts are similarly optimistic about the future need for 3D printing technology. Analyst firm Canalys predicts that the market will reach $20.2 billion by 2019, representing an expected CAGR of 44 percent from 2014 to 2020. A recent report published by Techanvio is even more confident, predicting a CAGR of 48.6 percent in the same period.
Where else can you find this kind of expert analysis? Read our Free Report The Future of 3D Printing Companies: The Best 3D Printing Stocks to Buy Now today to learn about the 3D printing companies that will come through this down market and thrive.
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