HP Inc., GE Additive, and EOS Lead 3D-Printer Revenue Growth

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HP Inc. 3D-printing solutions.

HP Inc., GE Additive, SLM Solutions, and EOS all saw at least double-digit year-over-year 3D-printer shipment revenue growth in the collective industrial/professional 3D-printer market segment in fourth-quarter 2017, according to London-based IT market-research firm Context, leading the way in a period that saw 40-percent revenue growth in the sector. Stratasys continued to lead in overall revenue share, with these vendors making up the rest of the top five.

Note that Context defines industrial/professional 3D printers as those 3D printers selling above $5,000. It defines personal/desktop 3D printers as 3D  printers selling below $5,000. Revenue may include materials, software, or other products.

The personal 3D-printing market was dominated by XYZprinting, Monoprice, and rising Prusa Research and Wanhao.

Currently, Stratasys and HP Inc. focus on polymer-printing alone, and top the rankings for polymer-machine revenues, sitting above Carbon and 3D Systems. According to Contex, regarding 3D printers that print using metal, GE Additive took over the top market-share position, thanks to a “phenomenal second half of the year.” EOS and SLM Solutions join it as global leaders in terms of metals-machine revenues.

Over the year as a whole, long-time market leaders Stratasys and 3D Systems saw revenues from the shipment of machines drop a bit, while upstarts GE Additive and HP Inc. experienced growth, helping the entire industrial/professional 3D-printer segment achieve a 23 percent year-over-year growth in printer revenues. The segment also saw the number of printer units shipped grow for the first time in three years: 11,453 industrial/professional 3D printers were shipped in 2017, 5 percent more than in 2016. Measured by number of units shipped, the leaders for the entire year were Stratasys, 3D Systems, EnvisionTEC and EOS, with Carbon and HP virtually tied in fifth place.

Table 1: Top-five 3D-printer vendors by revenue derived from industrial/professional 3D printers shipped in 2017:

In the personal/desktop 3D-printer segment, XYZprinting saw a growth in unit share of only 1 percent for the year, but still just edged out Monoprice to take back the top position globally. Newly accounted for in the full year’s rankings are total shipments from Prusa Research. According to Context, Prusa particularly excels in kit-shipment sales – historically called out in “Others” – but the company’s total aggregate sales for kits and sets are quantified here due to their impact on the market.

Table 2: Top-five personal/desktop 3D-printer vendors by units shipped in 2017:

When the market is separated into a PERSONAL class that covers 3D printers priced under $2,500, and a PROFESSIONAL class encompassing those priced from $2,500 to $20,000, Ultimaker and Formlabs lead the PROFESSIONAL class in terms of market share. Formlabs’ outstanding 61-percent year-over-year unit growth has helped to drive significant growth in the segment, according to Context.

The Context Additive Manufacturing and 3D Printing (AM3DP) Research Updates are drawn from the firm’s Global Quarterly AM3DP Report. This report covers the global market, including both the personal/desktop 3D-printer sector and the industrial/professional 3D-printer sector, and is based on supply-chain-supported quarterly vendor ship-out data from vendor company headquarters by geographic region, vendor, and core 3DP/AM technology.

Those seeking further information on this service should contact Danielle Cohen at dcohen@contextworld.com.

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