Dec.9, 2013
Analysts at Nomura issues major news alert for the hottest sectors in the market - 3D printing today. 3D printing hype may be 'overdone', says Nomura's James Kim.
"We think recent market optimism about the 'Third Industrial Revolution' potential of 3D printing is overdone, given uncertain growth potential in the consumer market, limited pragmatic applications, and a lack of mass-production ability," Kim states.
"We do not expect 3D printing to garner a meaningful share of the global manufacturing industry in the near term, with the total market size of 3D printing, as per Wohlers Associates, estimated to grow to $6B by 2017 (from $2B last year), largely falling short of the conventional manufacturing space ($93B).
But he also says big players with consumable businesses like Stratasys (SSYS) and 3D Systems (DDD) and pure raw materials supplies could be long-term beneficiaries of 3D printing development. "On the flipside, however, we expect the volume growth of printing machinery to slow down after the initial adoption phase."
10 publicly traded 3D printing stocks were mentioned in Nomura's report. The analyst notes, amongst the 31 major industrial 3D printing companies, Stratasys and 3D Systems take up a lion's share of the global 3D printers market – 57% and 18%, respectively.
Also mentioned is ExOne (XONE) for its binder jetting technology currently employed by Ford to create part prototypes, and Organovo (ONVO) for 3D bioprinting technology to create functional human tissue.
Voxeljet AG (NASDAQ: VJET) is absent from Nomura's report. In a report published in November, short-seller Citron Research questioned voxeljet AG's quarterly results, saying the Germany-based 3D printer maker provided loans to customers to generate sales and avoid posting a loss in its first results as a public company.
On the 3D printing software side, Dassault (DASTY), Autodesk (ADSK), ANSYS (ANSS), and PTC (PMTC) get a mention, while Proto Labs (PRLB) is noted in services.
Posted in 3D Printing Company
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"The Nomura Group is a financial services group" (http://www.nomuraholdings.com/company/group/). BTW - "a lack of mass-production ability," is a realy big lack for additive manufacturing equipment. But, I think, it's not because of technical problems, but because of previous and mainly current role of this equipment (rapid prototyping). Now the potential of AM devices in production for end-user is well seen, and this situation will be fixed soon.
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