3D printing continues to be an attractive sector for investors looking to capitalize on the future anticipated growth in the industry.
The future, however, remains very bright for 3D printing in general, which continues to make steady technological advances. As printing speeds increase and material availability expands, there are increasingly greater use cases for the technology. Indeed, leading industry analyst Wohlers Associates projects that worldwide 3D printing sales and services revenue will grow from $7.3 billion in 2017 to $35.6 billion by 2024.
The technology is being used extensively by companies in aerospace and defense as well as the automotive industry. It is also used in the construction, manufacturing, and medical industries.
Proto Labs (NASDAQ: PRLB) and Genesys Industries, Inc. (OTC: GEIN) will be two companies to watch as the industry continues to mature.
Proto Labs, Inc. (NASDAQ: PRLB), together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets. The company was founded in 1999 and is headquartered in Maple Plain, Minnesota.
Genesys Industries Inc (OTC: GEIN) is a diversified multi-industry advanced manufacturer of complex components and products. The company is a vertically integrated precision cnc manufacturing and fabrication company with core emphasis on product design, engineering and precision manufacturing of complex components and products. Some of the industries served include Automotive, Aviation, Food Processing, Industrial, Maritime, Medical, Railroad, Oil and Gas, Packaging, Telecom, Pulp Paper, Transportation and many more.
Being a precision products manufacturing company we offer products manufactured for industries demanding precision manufacturing. The company quality is certified to the latest QMS standard ISO 9001