Highlighting the Major 3D Printing Player of 2024

Once again we take a look at the valuations of the major 3D printing companies over the past week.

Publicly traded companies are required to post their financial reports, as well as appear on stock markets. From there we can calculate the total value of their company by multiplying the current stock price by the number of outstanding shares. This number is the market capitalization, and represents the current valuation of the company.

It’s a great number of compare companies, as the market capitalization can be leveraged to provide more capabilities for the company. Shares could, for example, be used as collateral for a loan. That and similar maneuvers could generate cash with which the company might undertake new projects.

Essentially, the term “market cap” holds significant value.

One may presume that it’s not necessary to keep a constant check on these firms every week as their worth is only established when shares are traded. But, occasionally, certain events occur that lead to a rise or fall in the worth of these companies, and we keep track of such changes in this weekly blog post.

It’s important to note that our list does not encompass all the prominent 3D printing companies. Not every 3D printing firm is publicly traded, making it tricky for us to ascertain their actual size, for instance, EOS. On the other hand, organizations like HP or Siemens have substantial 3D printing divisions, yet they are part of even larger corporations, hence it’s challenging to determine the actual size of their 3D printing operations.

Now, let’s examine the 3D printing companies featured on this week’s list.

3D Printing Leaderboard

3D printing valuation leaderboard (in US$M)Source: Fabbaloo

This week saw mixed results, with the leaderboard gaining nearly two percent. However, the shifts were all over the place with some companies gaining significantly, but others losing badly.

At the top of the list, leader Xometry gained a whopping nine percent this week. As usual, there was no official news driving this shift, but it seems there is a growing interest in manufacturing networks that use 3D printing.

I’m curious if this could be due to a waning interest from investors in 3D printer manufacturers. There are several major players who received massive investments, but failed to demonstrate substantial growth. Might it be that the investment capital is shifting towards companies that are profiting from the technology – the consumers?

In addition to this, Stratasys went through a minor setback, while Protolabs, another manufacturing collective, experienced growth and surpassed Stratasys on the ranking charts, acquiring the second place. This, I think, is the first time we have two manufacturing collectives taking the top spots.

Whilst Stratasys had a slight decline, 3D Systems suffered considerably more, dropping almost six percent in value this week. The gap between the two rivals has Stratasys ahead by 42% at this point.

There has been substantial growth in two other companies, whereas two others have seen significant decline.

The growers were Markforged (+18%) and Desktop Metal (11%). There was no official news that drove these gains, but both have experienced notable losses in the past few months. It’s possible that some investors believe these companies have hit their lowest values and are reinvesting in anticipation of rebounds.

On the other end of the spectrum, Velo3D (-15%) and Titomic (-14%) saw losses.

Velo3D’s downward trend continues after the resignation of their CEO and might persist until a new leader is appointed and a growth strategy is outlined.

The decline in Titomic’s market value is not unexpected, considering their sudden and unexplained hike over the last month. It’s highly likely that this week’s decline is due to profit-taking by those who bought the stock at earlier prices.

Upcoming Changes

BigRep announced plans to go public via the SPAC approach, so we will soon see them appear on the leaderboard.

One company I’ve started to watch is ICON, the Texas-based construction 3D printer manufacturer. This privately-held company has been raising a significant amount of investment to the tune of almost half a billion dollars. At that level it is likely they will be discussing a transition to public markets at some point, which would certainly place them at or near the top of our leaderboard.

Another company that would seem logical to go public is VulcanForms, a manufacturing service using an advanced metal 3D printing process. They are currently privately valued at over US$1B, and going public could cause that to go even higher.

If you are aware of any other publicly-traded 3D print companies that should be on our leaderboard, please let us know!

Others In The Industry

While we’ve been following the public companies, don’t forget there are a number of private companies that don’t appear on any stock exchange. These privately-held companies likely have significant value, it’s just that we can’t know exactly what it is at any moment. The suspected bigger companies include EOS, Carbon and Formlabs.

Perhaps someday some of them will appear on our major players list.

Related Companies

Finally, there are a number of companies that are deeply engaged in the 3D print industry, but that activity is only a small slice of their operations. Thus it’s not fair to place them on the lists above because we don’t really know where their true 3D print activities lie.

Original source