The Leaders in 3D Printing Industry as of January 7, 2024

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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 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.

Market capitalization, or “market cap” as it’s commonly referred to, is indeed a significant factor to consider.

It might seem unnecessary to keep a weekly tab on these corporations as their actual worth becomes apparent only when their shares are bought or sold. However, there can be occurring certain events in these companies that may lead to the fluctuation in their value. This is where our weekly update steps in, making a note of these crucial amendments.

Do note that the list provided here does not encompass all the noteworthy 3D print corporations. There are quite a few such companies that aren’t traded publicly which hinders us from knowing their true scale, EOS being a case in point. Then there are conglomerates like HP or Siemens which do maintain extensive 3D printing divisions, yet being a part of larger enterprises, the exact scale of their 3D printing endeavours remains unknown.

Now let’s move on to observing the 3D printing companies that are being highlighted in this week’s list.

3D Printing Leaderboard

1 Xometry 1,476 -158
2 Stratasys 964 -24
3 Protolabs 935 -71
4 3D Systems 750 -100
5 Nano Dimension 585 -23
6 Materialise 359 -29
7 Desktop Metal 202 -44
8 Markforged 144 -20
9 Velo3D 88 +8
10 Massivit 32 -1
11 FATHOM 32 +1
12 Titomic 30 +3
13 Freemelt 22 +1
14 AML3D 16 +1
15 Steakholder Foods 14 -0
16 Shapeways 13 -3
17 voxeljet 11 -0
18 Aurora Labs 6 +0
19 Sygnis 5 -0
20 Sigma Additive Solutions 4 +1
TOTAL 5,686 -458

3D printing valuation leaderboard (in US$M)

This week saw significant drops in valuation for almost every company on the leaderboard. The markets overall fell 2-4 percent, and as usual the tech-heavy 3D print companies suffered more, with the leaderboard total falling 7.5%.

Most companies fell approximately that percent, but there were some interesting deviations.

Stratasys experienced a minimal 2.5% decline, potentially due to heightened interest in the wake of the most recent acquisition attempt by Nano Dimension. In spite of their persistence, Nano Dimension’s latest offer is not impressive and is noticeably inferior to past proposals. The likelihood of this deal transpiring is low. Nevertheless, this may have granted investors a reason to bolster or withhold from deprecating the stocks significantly.

This minor slump allowed for Stratasys to secure the secondary position on the leaderboard, causing Protolabs to rank third. 3D Systems, a past but not present prospective buyer of Stratasys, witnessed a significant twelve percent decrease this week. In the meantime, Nano Dimension suffered a roughly four percent dip.

This week saw Desktop Metal’s stocks experience an 18% decrease. There hasn’t been any official news to cause this shift, but it may be an indication that investors are beginning to grow skeptical of the company following the termination of its merger with Stratasys without a strategic backup plan being unveiled.

Shapeways saw a massive 17% decline this week, leaving its overall valuation at approximately US$13M. Considering its October 2021 leaderboard value of US$564M, this drop represents a staggering 98% value loss. This might be why many venture capitalist investors are growing wary of 3D printing businesses. The current valuation of Shapeways is so low that acquisition by other firms would be entirely feasible, albeit rather unlikely. It remains a mystery as to why Shapeways has been unsuccessful in keeping pace with Protolabs or Xometry, who operate in essentially the same business sector and hold greater value.

Finally, we have Titomic. The Australian metal 3D printing company rose ten percent this week, bucking the trend. This company has been subject to seemingly fantastic rises in value, week after week. The trend continues this week, and it’s unclear what’s going on.

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.

One such company that seems a potential contender for going public is VulcanForms. This company provides manufacturing services through an advanced metal 3D printing process and currently holds a private valuation exceeding US$1B. Entering the public market can potentially drive this valuation even higher.

If you have knowledge of other public 3D printing companies that deserve a place on our leaderboard, please do inform us!

Others in the Industry

While our attention is majorly focused on public companies, it is important to remember that there are several private companies that are not visible on any stock exchange. Nevertheless, these privately-held entities likely possess substantial value. Accurate figures regarding their valuations are however elusive. Some of the potentially larger private companies in the sector 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.

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