2 1 Shi Ji Jing Ji Bao Dao·2025-08-18 02:20Core Viewpoint - Shenzhen has emerged as a leading hub for the 3D printing industry, dominating the global market with over 80% of China's 3D printer exports and a significant share of the entry-level 3D printer market [2][10]. Industry Overview - The Greater Bay Area's nine cities exported over 80% of China's 3D printers in the first seven months of the year, with Shenzhen playing a crucial role [2]. - The global shipment of entry-level 3D printers is expected to exceed 1 million units by Q1 2025, with a year-on-year growth of 15%, and Chinese suppliers accounting for 95% of this market [2]. - Shenzhen has developed a complete 3D printing industry chain, including modeling systems, materials, equipment, and application services, establishing itself as the "first city of consumer-grade 3D printing" [3][14]. Company Highlights - Major Shenzhen companies in the 3D printing sector include Creality, Bambu Lab, and Elegoo, which have achieved significant market shares and growth rates [2][3]. - Creality holds a 39% market share in entry-level 3D printers, while Bambu Lab's shipments grew by 64% year-on-year [2]. - Companies like Smart Tech and Anycubic have also seen substantial growth, with Smart Tech's sales surpassing 1.2 billion yuan in 2023 and Anycubic achieving over 1 billion yuan in revenue [7][8]. Market Dynamics - The consumer-grade 3D printer market was historically dominated by foreign brands, but Shenzhen companies have disrupted this with competitive pricing and innovative products [5][10]. - The global 3D printing market is expanding at an annual rate of 20%, with projections indicating a growth of over 220% by 2028, potentially exceeding $50 billion [13]. Innovation and Strategy - Shenzhen companies are employing various strategies for international expansion, including building independent platforms, community engagement, and localized marketing efforts [11]. - The region's robust supply chain and manufacturing capabilities enable rapid production, with some companies assembling a printer every two minutes [12][14].