According to the resource library, the ranking of the top 10 global 3D printing listed companies in 2024 has been announced, including Xometry, Platinum, Farsoon High-tech, ProtoLabs, Stratasys, Nano Dimension, 3D Systems, Materialize, Super Aviation Technology and Desktop. Metal. As of December 31, 2024, the total market value of these industry leaders reached 59.709 billion yuan.
It is worth noting that among the top three companies, Xometry ranks first, while the other two companies are both Chinese, namely Platinum Technology and Farsoon High-tech. Among them, the market value of Xometry and Platinum has exceeded 10 billion yuan. Protolabs, ranked fourth, is similar to Xometry, two platform companies focusing on 3D printing services.
Additionally, Stratasys and Nano Dimension ranked fifth and sixth, respectively. These two companies have been in a high-profile acquisition battle in 2023. 3D Systems was overtaken by Nano Dimension, falling from sixth place last year to seventh this year. At the same time, Chaozhuo Aviation entered the statistical list for the first time, ranking ninth. Desktop Metal, as a backdoor representative company, ranks tenth. Its acquisition by Nano Dimension has been confirmed. This may be the last time it appears on the list as an independent company.
TOP 1: Xometry (market value: 15.199 billion yuan)
Founded in 2013 and based in Maryland, USA, Xometry is a technology company focused on on-demand manufacturing services. Through its online manufacturing platform, Xometry connects customers with thousands of manufacturers around the world, offering a variety of manufacturing services including 3D printing, CNC machining, sheet metal processing and injection molding.
Xometry’s market value recorded outstanding performance in 2024, increasing by 24.32% from 2023, successfully surpassing platinum and becoming the first in the market value ranking of the global 3D printing industry . This growth reflects Xometry’s strong competitiveness in the digital transformation of the manufacturing industry. As the manufacturing industry moves toward intelligent transformation, Xometry is expected to continue to maintain its leadership position and expand its market influence. Domestically, similar platforms such as Cloud Factory, Future Factory and Mohou.com are also emerging, promoting the digital and intelligent transformation of the manufacturing industry.
TOP 2: BLT (market value: 10.716 billion yuan)
Founded in 2011 and headquartered in Xi’an, Shaanxi, Blit is a leading domestic metal 3D printing solution provider and is known as the “No. 1 3D printing company in China”. Platinum focuses on the field of metal additive manufacturing, providing complete industry chain services, from 3D printing equipment R&D and manufacturing to printing material development and printing services, especially in high-end manufacturing areas such as aerospace, automotive and medical care.
According to Blit’s latest financial report, the company’s revenue in the first three quarters was 732 million yuan, a year-on-year decrease of 1.34%; net profit was 26.6905 million yuan, a year-on-year decrease of 30.62%. The poor financial data performance is also reflected in the company’s shares. As of December 31, 2024, the closing price of Blit was only 39.43 yuan/share. Despite this, Blit, as a leading company in the field of metal 3D printing in China, has nevertheless achieved a market value of more than 10 billion yuan. In the future, as the internationalization process accelerates and technology continues to advance, BLT is expected to further consolidate its position in the global market.
TOP 3: Farsoon Hi-Tech (market value: 9.667 billion yuan)
Farsoon Hi-Tech was founded in 2009 and is headquartered in Changsha, Hunan. It is one of the leading domestic 3D printing technology and application solution providers, focusing on the research and development, production, sales and service of 3D printing equipment. Farsoon High-tech mainly provides metal (SLM) and polymer (SLS) additive manufacturing equipment. It has formed a complete 3D printing equipment and material support system and gradually established the brand influence in domestic and foreign markets.
According to Farsoon High-tech’s latest financial report, the company’s total operating profit in the first three quarters was 345 million yuan, a year-on-year decrease of 7.09%; the net profit attributable to the parent company was 43.7988 million yuan; , a drop over one year of 39.85%. Farsoon Hi-Tech’s market value has also declined, but unlike Blite, Farsoon Hi-Tech mainly focuses on selling equipment, while Blite focuses more on providing printing services. In the future, with the continued growth of demand in domestic and foreign markets and continued technological breakthroughs, Farsoon High-Tech is expected to maintain its industrial competitiveness and further expand its global market share.
TOP 4: ProtoLabs (market value: 6.887 billion yuan)
Founded in 1999 and headquartered in Minnesota, USA, ProtoLabs is the world’s leading provider of rapid prototyping and low-volume custom production services. ProtoLabs focuses on providing rapid manufacturing solutions to help customers achieve rapid iteration from design concept to final product manufacturing in a short period of time through technologies such as injection molding, machining CNC and 3D printing.
HIGH 5: Stratasys (market value: 4.562 billion yuan)
Stratasys was founded in 1989 and is headquartered in Minnesota, United States. It is the global leader in additive manufacturing technologies, particularly known for its innovations in the fields of 3D printing and digital manufacturing. As an industry leader, Stratasys has strong technical experience in plastic and metal 3D printing technology and holds several patents.
As of December 31, 2024, Stratasys ranked fifth in the list of global 3D printing listed companies, with a market value of 4.562 billion yuan. Although the ranking remains unchanged, compared to the market value of 6.995 billion yuan in 2023, it decreased by 34.78% year-on-year. Compared to its peak market value of more than 10 billion US dollars, Stratasys’ current market value has declined particularly significantly. Stratasys is nonetheless working hard to solidify its position in the 3D printing industry. In the future, companies could rely on technological innovation and market expansion to revive their growth and seek new development opportunities in highly competitive sectors.
TOP 6: Nano Dimension (market value: 3.908 billion yuan)
Founded in 2012 and based in Israel, Nano Dimension focuses on the development and production of additive manufacturing solutions for electronic manufacturing. The company is particularly dedicated to 3D printing of high-performance electronic components, particularly in the field of multi-layer printed circuit (PCB) and electronic product manufacturing. Its DragonFly electronic printing system can achieve the manufacturing of complex circuit boards and electronic components on a single printing platform.
Nano Dimension placed sixth, successfully overtaking 3D Systems. In 2024, Nano Dimension has attracted widespread attention, primarily due to the company’s acquisitions of Desktop Metal and Markforged for $135 million and $115 million, respectively. Although both of these transactions were approved, due to recent management changes at Nano Dimension, the previous CEO was resigned, leading to a lot of suspense and uncertainty in these two acquisitions. Despite this, Nano Dimension still maintains strong competitiveness in the market and its future direction is still worthy of attention.
TOP 7: 3D systems (market value: 3.198 billion yuan)
3D Systems was founded in 1986 and is headquartered in South Carolina, USA. It was co-founded by the “father of 3D printing” Chuck Hull and is the world’s first 3D printing company. As an industry pioneer, 3D Systems offers complete 3D printing solutions, including hardware, software, materials and services. Its products cover desktop to industrial 3D printers, which are widely used in medical, aerospace, automotive and other industries.
3D Systems’ growth has slowed compared to recent years, mainly affected by factors such as competitive market pressure, technology updating challenges and fluctuations in financial conditions. From the perspective of market value, 3.198 billion US dollars decreased by 46.71% from 6.001 billion yuan in 2023. In the future, 3D Systems will need to further optimize its business structure, strengthen research and technological development and increase its investments in key markets to maintain its leading position in the fierce market competition and promote the growth of market value.
TOP 8: Materialize (market value: 2.989 billion yuan)
Founded in 1990 and headquartered in Belgium, Materialize is the world’s leading 3D printing software developer and additive manufacturing service provider. As a pioneer in the 3D printing industry, Materialize focuses on providing high-quality 3D printing technologies and solutions to various industries. The company not only provides 3D printing services, but also develops a number of innovative software tools to help customers digitize the entire process from design to production.
Although Materialize has a lower market value than previous companies, its influence and market position in the global additive manufacturing field, especially in medical and industrial manufacturing applications, is still very significant. Nationally, Materialize is well known for its software solutions. As the “behind-the-scenes driving force” of the 3D printing industry, its software technology has empowered many in the industry. Magics and Mimics software are typical representatives of this. However, Materialize’s revenue mainly comes from the medical and manufacturing sectors. These two areas represent a larger share of the business and are also key to the company’s sustainable development.
TOP 9: Chaozhuo Aviation (market value: 2.022 billion yuan)
Chaozhuo Aviation was founded in 2006. Relying on additive/subtractive manufacturing and metal remanufacturing technology, it focuses on custom additive manufacturing, airborne equipment maintenance and parts R&D and manufacturing. aviation, and is committed to providing solutions for the high-end manufacturing field. It has established a development model that integrates process research and development, technical research, product customization and equipment supply. Its activities cover aerospace, energy and electricity, marine anti-corrosion, the automotive industry, new energies and many other areas.
As a representative enterprise of cold spray solid-state additive manufacturing in China, Chaozhuo Hangke has a wide range of equipment and a first-class expert team, and occupies a position of leader in the world. The company is the first in the country to master and implement this technology and its industrial application. The mobile cold spray additive manufacturing platform innovatively developed by Chaozhuo Hangke has filled the technical gap in the cold spray metal additive manufacturing industry, and the overall technology has reached the international advanced level. As a representative company in this segment, Chaozhuo Aviation’s market value will decline like most companies in 2024, with a year-on-year decline of 40.27%.
TOP 10: Desktop Metal (market value: 561 million yuan)
Desktop Metal was founded in 2015 and is headquartered in Massachusetts, USA. It is an innovative company focused on metal 3D printing technology. The company is committed to developing innovative additive manufacturing solutions, particularly in the field of metal 3D printing, and to promoting the industrial manufacturing revolution by providing more efficient and lower cost metal printing technology.
Desktop Metal was originally the leader in desktop metal binder jetting technology, with core technologies such as bonded metal deposition (BMD) and single pass jetting (SPJ). BMD combines metal powder with a binder to form printable metal “filaments,” while SPJ precisely fuses metal powder in a single shot. In 2021, Desktop Metal acquired companies such as EnvisionTEC and ExOne. In July 2024, Nano Dimension planned to acquire Desktop Metal by the end of the year, but the transaction is not yet finalized.
Over the past three years, the top 10 companies in the 3D printing industry in terms of market value have not changed much and can be considered relatively stable. This is mainly because, compared to other mature industries, the 3D printing industry is still in its early stages of development and the number of listed companies is currently limited.
However, affected by factors such as global economic environment, industrial competition and technological progress, the total market value of the top ten companies in the 3D printing industry will decrease by 22.64% in 2024. Among them, most companies experienced declines of varying proportions. However, as the industry continues to mature and new technologies are promoted, the 3D printing industry still has long-term growth potential and is expected to pave the way for new development opportunities in many high-precision manufacturing fields in the future.
