招商证券:航空航天/汽车/电子/消费产业共振 3D打印迎来行业爆发
Zhi Tong Cai Jing·2026-01-09 09:04

Core Insights - The Chinese 3D printing market is expected to reach 70 billion by 2025, growing at a rate of 30%, with significant contributions from industrial machinery (20%), aerospace (17%), automotive (14%), and consumer electronics (13%) [1][2] - The industry is transitioning from niche applications to mainstream adoption, driven by advantages such as customization, reduced R&D cycles, and cost-effective small-batch production [1][2] - The commercial aerospace sector is identified as a key growth area, focusing on the demand for reusable rockets and satellite delivery [3] Industry Overview - The global 3D printing market is projected to reach 21.9 billion in 2024, with a growth rate of 9.31%, where non-metal technologies, particularly FDM, dominate with a 61.6% share, while metal technologies are led by SLM with an 89.4% share [2] - In China, the 3D printing production volume is expected to grow by 40.5% year-on-year from January to September 2025, with exports reaching 4.48 million units (+29.6%) and export value at 9.866 billion (+31.9%) [2] Market Segmentation - The industrial segment is seeing a rise in China's market share, increasing from 8.2% in 2009 to 11.5% in 2024, with the U.S. holding 31% and Germany at 8% [3] - In the metal 3D printing sector, Germany's EOS leads with a 41% market share, while China's Platinum Tech has risen to 20%, ranking second globally [3] Consumer Market Dynamics - The global consumer 3D printing market is expected to reach 4.1 billion in 2024, growing by 32%, with a shipment volume of 4.1 million units (+17%) and a total installed base of 15.8 million units (+15%) [4] - The demand for personalized and limited-edition products is driving growth, while companies like拓竹 and创想三维 are making devices more user-friendly and affordable, enhancing market accessibility [4] Key Industry Players - Key players in the metal materials segment include Youyan Powder Materials and Srey New Materials, while polymer materials are represented by Jialian Technology [5] - Leading companies in the industrial-grade sector include Platinum Tech and Huazhu High-Tech, which are closely tied to aerospace and defense industries [5] - In the consumer segment, 创想三维 is noted for its high growth potential as it prepares for an IPO [5]

CMS-招商证券:航空航天/汽车/电子/消费产业共振 3D打印迎来行业爆发 - Reportify