轻工行业专题：3D打印行业：产业浪潮已至，工业消费双向驱动

Investment Rating - The report rates the light industry sector as "Buy" [1] Core Viewpoints - The report emphasizes that "AI empowerment + affordable pricing" is accelerating the popularization of consumer-grade 3D printing, with domestic equipment manufacturers leading innovation [2] - The 3D printing market is experiencing rapid growth driven by dual demand from industrial and consumer sectors, with a projected global market size of USD 21.9 billion in 2024, expected to reach USD 115 billion by 2034, reflecting a CAGR of 18% [19] - The domestic 3D printing market is projected to reach CNY 41.9 billion in 2024, with a CAGR of 19.42% from 2020 to 2024 [19] Summary by Sections 1. 3D Printing Wave and Dual Drive - 3D printing, or additive manufacturing, offers advantages such as eliminating the need for molds, reducing waste, and lowering inventory [6] - The technology is widely used in aerospace, medical, automotive, and consumer electronics sectors, with significant growth in both industrial and consumer applications [10][14] 2. Polymer Materials and Domestic Substitution Trends - The global 3D printing materials market is expected to reach USD 4.4 billion in 2024, with polymers accounting for a significant share [21] - PLA is the preferred material for consumer-grade 3D printing, with a global market size of USD 1.2 billion in 2024, expected to grow to USD 4.4 billion by 2029 [38] 3. Printing Equipment: Industrial Dominance and Consumer Growth - Industrial-grade 3D printing equipment dominates the market, accounting for 74% of the global market share in 2024, while consumer-grade equipment is rapidly increasing in volume [19] - Domestic manufacturers are leading the consumer-grade segment, with companies like TuoZhu Technology capturing a 29% market share [3.3] 4. Investment Recommendations - The report suggests focusing on upstream raw material companies and printing equipment manufacturers in the consumer-grade sector, recommending companies like JiaLian Technology [3]