Top Giants in the 3D Printing Industry as of December 31, 2023


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Who’s The Biggest In 3D Printing
Which 3D print company is the biggest this week? [Image by Stefan Keller from Pixabay]

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 to 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 concept known as “market cap” holds significant relevance.

It might be assumed that there isn’t a pressing need to keep a weekly record of these corporations, considering that their true merit is determined only when shares are liquidated. However, companies occasionally experience unforeseen events that trigger a fluctuation in their value. These changes are tracked through the weekly summaries presented in this post.

It’s important to note that this list does not encompass every major company involved in 3D printing. Some, like EOS, are not publicly traded, therefore hindering the possibility of officially uncovering their actual scale. In other cases, such as HP or Siemens, their 3D printing units are just a fraction of a much bigger entity, making it difficult to ascertain their true size in the realm of 3D printing.

Now let’s shift our focus to the 3D printing companies featured in this week’s list.

3D Printing Leaderboard

RANK COMPANY CAP CHG
1 Xometry 1,630 +64
2 Protolabs 1,005 -10
3 Stratasys 988 +81
4 3D Systems 847 +19
5 Nano Dimension 608 -0
6 Materialise 388 -9
7 Desktop Metal 245 -1
8 Markforged 163 +20
9 Velo3D 80 -35
10 Massivit 33 +1
11 FATHOM 30 +0
12 Titomic 27 +4
13 Freemelt 21 +3
14 Shapeways 16 +2
15 AML3D 15 -0
16 Steakholder Foods 15 +1
17 voxeljet 12 +0
18 Aurora Labs 5 +1
19 Sygnis 5 -0
20 Sigma Additive Solutions 2 +0
TOTAL 6,134 +140

This week saw a great deal of news, considering it’s the end of the year and “things should be quiet”.

The leaderboard rose another healthy 2.5%, down from last week’s huge boost, but still pretty significant. However, this week’s overall gains were driven by two specific companies.

Xometry, the first on the leaderboard, rose nearly 4.5% this week, a sign that investor interest in the manufacturing service is still strong. The company had a significant fall earlier this year, but it has been regaining its footing in recent weeks. This trend continues this week.

Stratasys has influenced the leaderboard total significantly this week. The firm received several takeover offers earlier this year, all of which ultimately came to naught. However, these offers did boost the company’s stock price.

The unexpected resurgence of Nano Dimension’s takeover offers is repeating the same pattern. Nano Dimension, flush with cash and in search of a worthwhile investment, is targeting Stratasys. Stratasys’ valuation soared just like it did at the beginning of the year. Stratasys’ stock price increased by nine percent this week, while 3D Systems, a competitor, increased by only 2.5%. At the same time, Nano Dimension, known for taking over companies, remained static, indicating that investors are not very optimistic about the renewed bid.

Despite a lack of corporate news driving the change, Markforged’s value increased by 14% this week. This appears to be a recovery, as the company’s worth significantly decreased in the past few weeks, prompting the stock exchange to issue a notice. This will most likely force the company to execute a reverse stock split. However, this week’s gain is likely the result of investors looking for a bargain, as they may have believed the previous dip was excessively deep.

Titomic experienced significant activity this week, with curious upward trends prompting the Australian stock market to request formal clarification on more than one occasion. This week, they witnessed a 19% surge, making them larger than Shapeways.

On the topic of Shapeways, it experienced a growth of over 16% this week. The reason behind the boost? Apparently, the company’s reveal of “force reductions” (or layoffs) accounting for 15% of their whole workforce resounded with investors. The assumption is that this will lead to annual cost savings of US$6.2M, an attractive direction for investors, though not for the dismissed employees.

Moving on to Velo3D, this company is known for being the most erratic 3D printer stock on any exchange. It has seen fluctuations in valuation since going public just a few years ago. This week, the company’s value plummeted by a substantial 30% due to news of the company’s CEO and founder, Benny Buller, leaving and the board’s initiation of a replacement search.

Transitioning to a new CEO appropriate for a novel corporate strategy is one thing; however, replacing a CEO without a ready replacement is another. This, of course, made investors nervous, leading to the dramatic drop in valuation. As a company offering one of the most innovative metal 3D printing technologies in the market, Velo3D’s future trajectory remains hopeful.

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

Source

“Why did the 3D printer go to therapy? Because it had too many layers of unresolved issues!”


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GCode-Guru

Meet the mastermind behind NozzleNerds.com: GCode-Guru, a 3D printing wizard whose filament collection rivals their sock drawer. Here to demystify 3D tech with a mix of expert advice, epic fails, and espresso-fueled rants. If you've ever wondered how to print your way out of a paper bag (or into a new coffee cup), you're in the right place. Dive into the world of 3D printing with us—where the only thing more abundant than our prints is our sarcasm.

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