Core Insights - Bambu Lab, a rapidly growing company in the 3D printing sector, has achieved the highest sales in desktop 3D printers globally for three consecutive years and is valued at approximately $10 billion [1] - The global 3D printer market is projected to reach $24.61 billion in 2024, with a compound annual growth rate (CAGR) of 18.5% from 2024 to 2034 [3] - The consumer-grade 3D printer market is expected to see annual shipments grow from over 4 million units to 20 million units in the next five years, and then to 50 million units in the following five years [3] Company Overview - Bambu Lab's revenue is estimated to be around 6 billion RMB in 2024, with a shipment volume of approximately 1.2 million units, capturing about 29% of the global consumer-grade 3D printer market [1] - The company was founded by a team from DJI, which has contributed to its rapid growth and technological advancements in the 3D printing space [1][7] Market Dynamics - The competition in the consumer-grade 3D printer market is intensifying, with major players like Tencent and DJI investing in various companies, including Bambu Lab and Creality [5][12] - Bambu Lab has partnered with Tencent Cloud to integrate its 3D model platform MakerWorld with Tencent's 3D generation technology, which is seen as a key driver for market growth [3] Competitive Landscape - The "Shenzhen Four Kings" of consumer-grade 3D printers, which includes Bambu Lab, Creality, Zongwei Lifan, and Smart 3D, dominate approximately 95% of the entry-level 3D printer market [16][17] - Bambu Lab's current revenue significantly exceeds that of its competitors, with Smart 3D projected to reach 1.6 billion RMB in 2024 and 2.5 billion RMB in 2025 [13] Technological Advancements - Bambu Lab has leveraged technologies from its founders' experience at DJI, such as brushless motors and laser radar, to enhance the performance and capabilities of its 3D printers [7][9] - The integration of generative AI is lowering the barriers for users in 3D modeling, which is expected to further stimulate the growth of the 3D printing market [3] Future Outlook - The consumer-grade 3D printer market is still in its early development stages, with significant growth potential as major tech companies like Tencent and DJI continue to invest and innovate [22] - The market is being compared to the early days of the robotic vacuum cleaner industry, suggesting a potential for explosive growth in the coming years [22]