格隆汇APP·2025-12-17 09:48Core Insights - The article emphasizes the rapid growth and transformation of the 3D printing industry, highlighting its transition from experimental technology to a core productivity driver in high-end manufacturing [5][6][23]. - The global 3D printing market is projected to reach $21.9 billion in 2024, with expectations to grow to $114.5 billion by 2034 [6]. Market Expansion and Domestic Manufacturers - Chinese manufacturers dominate the entry-level 3D printing equipment market, capturing over 90% of the share due to high cost-performance and rapid technological iteration [10]. - In 2024, China exported 3.7777 million 3D printing devices worth 8.9 billion yuan, with projections for 2025 to exceed 5 million units and 10 billion yuan in export value [10][11]. - The domestic production rate for metal 3D printing equipment has increased from under 30% five years ago to 60%, while non-metal material supply chain coverage exceeds 85% [11]. Technological Advancements and Application Scenarios - Key technological breakthroughs in industrial-grade 3D printing have achieved precision levels of 0.01 mm, meeting aerospace manufacturing requirements [13]. - The cost of titanium alloy powder, a core material for metal printing, has halved from 600 yuan/kg in 2023 to below 300 yuan/kg [14]. - 3D printing is significantly reducing costs and production times in commercial aerospace, with SpaceX's Raptor engine comprising 85% 3D printed components, leading to a 90% cost reduction and a production cycle cut from 6 months to 1 month [14]. Investment Opportunities - The article identifies three main investment lines for 3D printing: 1. Core Equipment Line: Benefiting from industrial and consumer demand growth, with companies like Platinum and Huashu High-Tech leading the market [19]. 2. Core Materials Line: Focusing on domestic production advantages, with companies like Zhonghang Mite and Youyan Powder Materials providing competitive pricing [20]. 3. Emerging Applications Line: Companies in humanoid robotics and commercial aerospace are positioned to benefit directly from increased demand [22]. Conclusion - The 3D printing industry is at a pivotal moment, transitioning from concept to reality, with significant opportunities for investment as domestic companies lead in both consumer and industrial markets [23].