According to a report, the global 3D printing market is valued at $20.37 billion in 2023. The global 3D printing market is expected to grow at a compound annual growth rate (CAGR) from $24.89 billion in 2024 to $88.28 billion by 2030. 23.5%. This is due to increased research, development and prototyping by companies in the automotive, medical and defense industries. One example is Organovo Holdings, Inc. (NASDAQ:ONVO). Organovo Holdings, Inc. (NASDAQ:ONVO) is a biotechnology company that uses additive manufacturing to print 3D tissues for drug discovery. On January 25, Organovo Holdings, Inc. (NASDAQ:ONVO) announced preclinical results from its FXR314 development program. FXR314 shows promising signs after being tested on 3D printed human tissue with Crohn’s disease and ulcerative colitis.
The growth of the 3D printing industry explains why major companies like Apple Inc. (NASDAQ:AAPL) are getting into 3D printing. 3D printing isn’t just limited to industrial parts. On August 30, 2023, Reuters reported that Apple Inc. (NASDAQ:AAPL) has begun testing 3D printing to make steel cases for smartwatches. If the test is successful, Apple Inc. (NASDAQ:AAPL) will increase its use of 3D printing technology in the future.
Look at the top 5 3D printing companies in the US.
5. Formlabs
Estimated Value (2021): $2 billion
Formlabs ranks 5th on the list of the best 3D printing companies in the United States. The company has sold more than 130,000 printers and printed more than 300 million parts to date. The company was founded in 2011 by three of his MIT graduate students. Formlabs supplies professional stereolithography (SLA) and selective laser sintering (SLS) 3D printers worldwide. The company last raised $150 million in a Series E funding round led by SoftBank Vision Fund 2 in 2021, increasing its valuation to $2 billion.
4. Lincoln Electric Holdings (NASDAQ:LECO)
Market cap as of March 28, 2024: $14.68 billion
Lincoln Electric Holdings (NASDAQ:LECO) is one of the largest metal 3D printing factories is based in In North America. The company assists other companies by supplying industrial parts as needed. Lincoln Electric Holdings (NASDAQ:LECO) has a market capitalization of $14.68 billion.
3. HP Inc. (NYSE:HPQ)
Market cap as of March 28, 2024: $29.22 billion
HP Inc. (NYSE:HPQ) has one of the best 3D printing infrastructures in the United States. It is based in The company manufactures 3D printers made of plastic and metal. The company enables the sharing of 3D models of various software and hardware devices. Other programs that are compatible with 3D printers include 3D Build Manager, 3D Command Center, 3D API, 3D Digital Sintering, and 3D Process Development.
2. Autodesk, Inc. (NASDAQ:ADSK)
Market capitalization as of March 28, 2024: $55.71 billion
In the US, one of the leading 3D printing businesses is Autodesk, Inc. (NASDAQ:ADSK). The business creates software to facilitate 3D design and printing. The greatest 3D printing software is available in the form of 3ds Max, Maya, Inventor, and Fusion 360. The market capitalization of Autodesk, Inc. (NASDAQ:ADSK) is $55.71 billion.
1. General Electric Company (NYSE:GE)
Market capitalization as of March 28, 2024: $195.14 billion
GE Additive is a subsidiary of General Electric Company (NYSE:GE). GE Additive is a leading 3D printing company specializing in the development and manufacturing of metal additives. The company partners with customers to help develop innovative products. Brands of additive machines include Concept Laser and Arcam EBM. General Electric Company (NYSE:GE) has a market capitalization of $195.14 billion.