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3D打印行业深度研究:3D打印赋能工业制造,航空航天+消费电子领域双因素驱动行业扩张
Guohai Securities·2024-10-30 11:31

Investment Rating - The report maintains a "Recommended" rating for the 3D printing industry, indicating a positive outlook for growth and investment opportunities [4][7]. Core Insights - 3D printing technology, also known as additive manufacturing, offers unique advantages such as "freedom of manufacturing, mold-free production, waste reduction, and inventory reduction," making it a significant complement to traditional manufacturing processes [2][25]. - The global additive manufacturing market has shown a compound annual growth rate (CAGR) of over 20% from 2013 to 2023, with sales reaching $20.035 billion in 2023, reflecting an 11.1% year-on-year growth [5][13]. - The aerospace and consumer electronics sectors are identified as key growth markets for the future, with increasing industrial applications of metal 3D printing [6][7]. Summary by Sections 1. 3D Printing Overview - 3D printing is characterized by its layer-by-layer material addition process, contrasting with traditional subtractive manufacturing methods [2][25]. - The technology has evolved through three stages: initial patent and prototype development (1980-1990), establishment of influential companies (1990-2010), and rapid industry growth with increased competition (2010-present) [28]. 2. Industry Chain Analysis - The 3D printing industry consists of an upstream segment (raw materials and components), a midstream segment (3D printing equipment manufacturers), and a downstream segment (applications across various sectors) [4][5]. - Midstream manufacturers dominate the industry chain, accounting for 80% of the global market share in 2021 [4]. 3. Market Applications - Aerospace applications of 3D printing are well-established, with significant use in manufacturing rocket engine parts and aircraft components, leading to reduced weight and production costs [6][12]. - The consumer electronics market is emerging as a new application area, with major companies like Apple and Huawei adopting 3D printing for components such as titanium alloy hinges and smartphone frames [6][7]. 4. Growth Potential - The report forecasts substantial growth in the 3D printing industry, driven by advancements in technology, increased efficiency, and deeper industrial applications across sectors like aerospace, consumer electronics, and automotive [7][13]. - The market for 3D printed components in consumer electronics is projected to reach significant values, with estimates for specific applications like foldable smartphone hinges and frames indicating a market potential of billions [6][7]. 5. Key Companies and Recommendations - The report highlights several key companies within the industry, including upstream players like Youyan Powder Materials and Jin Chengzi, midstream leaders like Platinum and Huazhu High-Tech, and downstream firms like Jintaiyang [7][8].