Many have touted the future of 3D printing, including the President of the United States. Now it's Wall Street's turn.
Earlier this week, Citigroup analyst Kenneth Wong wrote a bullish note to clients saying the 3D printing market "is on the cusp of seeing much broader adoption across more upstream production applications and the consumer end market." He projects the market to triple within five years.
Wong is particularly high on two companies, 3D Systems, which he says is "best positioned to capitalize on all three potential market opportunities (prototyping, manufacturing, consumer)" and Stratasys, in which he sees "sustainable margin expansion and earnings growth with materials consumption driving recurring revenue mix."
Here are five reasons Wong might be right:
- Desktop 3D printers are evolving into much more useful "microfactories" (not just printing plastic).
- Sophisticated 3D scanners mean you don't have to be an expert in design software to use a 3D printer.
- Important 3D printing patents expire next year.
- Microsoft is working to make 3D printing as easy as 2D printing.
- 3D printing skills are in high demand right now.
[h/t Christopher Mims]