据介绍，Snapmaker U1在海外Kickstarter众筹平台曾以2061万美元创下3D打印机品类最高众筹纪录。12 月12日京东独家开启预售2小时内，Snapmaker U1成交便突破2000台，并登顶了京东3D打印类目TOP1 单品。作为创新搭载SnapSwap™独立四头并联系统的彩色3D打印机产品，Snapmaker U1有效解决了传 统单头3D打印的效能瓶颈，真正实现了"5倍高速，5倍省料"。 责任编辑：潘翘楚 新浪科技讯 12月18日午间消息，12月16日至18日，Snapmaker U1 3D打印机亮相位于京东MALL北京双 井店的京东新品超级现场线下新品体验会。 据介绍，Snapmaker U1在海外Kickstarter众筹平台曾以2061万美元创下3D打印机品类最高众筹纪录。12 月12日京东独家开启预售2小时内，Snapmaker U1成交便突破2000台，并登顶了京东3D打印类目TOP1 单品。作为创新搭载SnapSwap™独立四头并联系统的彩色3D打印机产品，Snapmaker U1有效解决了传 统单头3D打印的效能瓶颈，真正实现了"5倍高速，5倍省料"。 新浪科技讯 12月18 ...

智通财经记者 | 陆柯言 智通财经编辑 | 文姝琪 "我们预计U1市场反响肯定不差，但没想过会卖这么好。"在接受智通财经采访时，Snapmaker团队表示。 Snapmaker团队介绍，传统多色3D打印存在三大痛点：打印速度慢、材料浪费严重以及多材料打印支持有限。这是因为，传统方案通常采用单喷头配合多材 料切换系统，例如拓竹科技的AMS（自动供料系统），它要在切换打印颜色时，将当前耗材回抽，并送入新颜色的耗材，过程中需要反复冲洗刷头以防止 串色，这就造成了时间和材料的浪费。 美团、顺为和高瓴同时投了一家3D打印公司——快造科技（Snapmaker）。 12月11日，智通财经获悉，3D打印企业快造科技（Snapmaker）宣布完成数亿元B轮融资。由高瓴创投、美团联合领投，顺为资本、美团龙珠、南山战新投 跟投，老股东同创伟业、东证资本继续加注。 Snapmaker是今年3D打印行业炙手可热的一家公司。今年8月，其推出的3D打印机Snapmaker U1，在Kickstarter上获得超2000万美元（约1.5亿人民币）的众 筹成绩，刷新3D打印机历史众筹金额最高记录，国内官方售价则为5999元。 图片来源：Kic ...

Core Insights - Shenzhen 3D printing companies are intensifying competition, with Chuangxiang Sanwei and Tuozhu Technology leading the charge as they aim for market dominance and public listing [2][5][10] Company Developments - Chuangxiang Sanwei submitted its main board listing application to the Hong Kong Stock Exchange in August 2025, aiming to become the first consumer-grade 3D printing stock in Hong Kong [2] - Tuozhu Technology opened its first flagship store in Shenzhen, featuring a wall made of 28 3D printers, attracting significant industry attention [2] - DJI invested several hundred million yuan in another competitor, Smart派, which holds the title for the highest shipment volume in the global consumer-grade light-curing 3D printer market [5][10] Investment Landscape - Tencent has invested in both Chuangxiang Sanwei and Tuozhu Technology, indicating a strong interest in the sector [5] - Tuozhu Technology's valuation may reach 10 billion USD, although its founder denied any ongoing financing [5] - Snapmaker, another Shenzhen 3D printing company, completed a B round of financing in 2025, attracting new investors like Meituan and Hillhouse Capital [6] Market Positioning - Each of the "Four Kings" in Shenzhen's 3D printing market claims a leading position in specific segments, creating a differentiated competitive landscape [7] - Tuozhu Technology achieved sales of 5.5 to 6 billion CNY in 2024, maintaining its status as the global leader in desktop 3D printer sales [7][8] - Chuangxiang Sanwei, established in 2014, is recognized for its cumulative shipment volume, although its annual shipments decreased to 700,000 units in 2024, capturing 16.9% of the market [8] Competitive Dynamics - The competition is characterized by a struggle for technological talent and market resources, with Tuozhu's team originating from DJI's core development group [10][11] - The rivalry has intensified with DJI's investment in Smart派, which is seen as a strategic move to bolster its ecosystem [5][10] - The ongoing competition is not just about product offerings but also involves talent retention and the establishment of technological barriers [11]

Core Viewpoint - The report from Shenwan Hongyuan highlights the maturation of 2D to 3D model conversion technology, which is expected to enhance the "playability" of consumer-grade 3D printing and stimulate demand in this sector [1] Group 1: AI Empowerment - The NanoBanana Pro version has improved image quality and resolution, significantly enhancing text rendering capabilities and supporting the fusion of 14 images to create new visuals, providing flexible and efficient tools for 3D printing creators [1] - Meta is leading the commercialization of multi-modal models with the release of SAM 3D, which can convert segmented image slices directly into 3D models, allowing for individual reconstruction of objects even in the presence of occlusions [1] Group 2: Technological Breakthroughs - Traditional 3D printers face inefficiencies with color/material switching, leading to waste and low success rates; several companies are innovating in smart multi-color printing technology [2] - Snapmaker's U1 model reduces the waiting time for switching tools from about two minutes to just five seconds, significantly saving material costs, having raised $2.022 million on Kickstarter [2] - TuoZhu Technology's system can accommodate up to six replaceable hot ends and supports the use of up to 24 materials in a single print, showcasing industry-leading heating technology [2] Group 3: Investment and Industry Ecosystem - DJI has invested in Shenzhen Intelligent Technology Co., holding a 5% stake, which specializes in SLA and FDM 3D printing technologies [3] - Meituan has become a shareholder in Shenzhen Fast Technology Co., indicating a trend of major companies investing in the consumer-grade 3D printing sector to enhance the industry ecosystem [3] Group 4: Demand Outlook - In the first three quarters of 2025, China exported 3.491 million 3D printers, nearing the total of 3.778 million units expected for the entire year of 2024 [4] - The export value of 3D printers from January to September 2025 reached 7.514 billion yuan, close to the projected 8.163 billion yuan for the full year of 2024, with expectations of reaching 10.7 billion yuan in 2025 [4] Group 5: Key Industry Players - Key components include Jiepu Te and Ruike Laser (lasers), Jinchengzi (control cards + galvanometers) [5] - 3D scanners include Sikan Technology and Obsidian Light [5] - Material suppliers include Haizheng Shengcai (raw materials) and Jialian Technology (filaments) [5] - Notable machine manufacturers include TuoZhu Technology (unlisted), Chuangxiang Sanwei (in IPO process), Anker Innovation, and Huina Technology [5]

Core Insights - The 3D printing industry is experiencing a resurgence, particularly in the consumer segment, driven by advancements in AI technology that lower the barriers to entry for users [1][7][10] - Investment activity in the 3D printing sector has reached a five-year high, with significant funding rounds for companies like Snapmaker and Chuangxiang Sanwei [2][4][9] Company Highlights - Shenzhen Snapmaker Technology Co., Ltd. recently completed a Series B funding round led by Meituan and Hillhouse Capital, marking a significant milestone since its last funding announcement in 2021 [1][2] - Snapmaker's product, Snapmaker U1, raised $22,020 in crowdfunding on Kickstarter, setting a record for 3D printer crowdfunding and attracting over 20,000 supporters [3][4] - Chuangxiang Sanwei, another Shenzhen-based company, is aiming to become the first publicly listed consumer 3D printing company in China, having achieved annual revenue of 1 billion yuan in 2020 [5][6] Market Trends - The consumer 3D printing market is seeing a compound annual growth rate (CAGR) exceeding 30% over the past three years, with major brands in Shenzhen reporting annual revenues surpassing 1 billion yuan [4][6] - The price of consumer-grade 3D printers has decreased by 60% over the past three years, making them more accessible to a broader audience [8] Technological Advancements - The integration of generative AI modeling tools has significantly reduced the complexity of 3D modeling, allowing users to create 3D models with minimal technical knowledge [7][8] - Snapmaker's U1 addresses key industry pain points, such as low efficiency in color switching and material waste, enabling faster and more efficient multi-color printing [4][10] Investment Landscape - The 3D printing sector is attracting increased attention from investors, with over 40 financing events reported this year, indicating a strong interest in consumer hardware [2][4] - Companies like拓竹科技 (Tuozhu Technology) have achieved unicorn status, with valuations exceeding 30 billion yuan, prompting investors to seek similar opportunities in the market [9][10]

Core Viewpoint - The resurgence of consumer-grade 3D printing is attracting significant attention from mainstream capital, highlighted by recent investments in companies like Snapmaker and 创想三维 [3][4]. Group 1: Industry Trends - The 3D printing sector has seen a notable increase in investment activity, with nearly 40 financing events recorded this year, marking a five-year high [4][7]. - The consumer-grade 3D printing market is experiencing a compound annual growth rate (CAGR) exceeding 30% over the past three years, with major brands in Shenzhen achieving annual revenues around 1 billion yuan [7][8]. - The introduction of generative AI modeling tools has significantly lowered the barriers for ordinary users to create 3D models, enhancing user engagement and driving sales [11][12]. Group 2: Company Highlights - Snapmaker's product, Snapmaker U1, raised $22,020 in crowdfunding, setting a record on Kickstarter and attracting over 20,000 supporters [6]. - 创想三维, established in 2014, reported a revenue of 1 billion yuan in 2020 and projected total revenue of 2.288 billion yuan for 2024, with a CAGR of 30.4% [8]. - Snapmaker's innovative approach to multi-color printing has reduced printing time from 20-30 hours to just 5-6 hours, addressing significant industry pain points [7]. Group 3: Investment Landscape - The valuation of拓竹科技 has surpassed 30 billion yuan, reflecting strong market interest despite initial hesitance from investors [15]. - The competitive landscape is intensifying, with companies like拓竹科技 quickly responding to market demands by launching new products shortly after Snapmaker's success [8][15]. - The decline in consumer-grade 3D printer prices by 60% over the past three years is facilitating broader market adoption [13].

Core Viewpoint - The article discusses the emergence of Snapmaker as a potential competitor to the leading 3D printing company,拓竹, highlighting its innovative product Snapmaker U1 and the challenges it faces in scaling production and maintaining competitive advantage [6][10][24]. Group 1: Snapmaker's Market Position - Snapmaker has achieved significant crowdfunding success with its U1 model, raising over $10 million in less than three days, setting a global record for 3D printer crowdfunding [6][9]. - The company is recognized as a pioneer in the multi-tool head concept in 3D printing, addressing key industry pain points such as low color change efficiency and material waste [14][15]. - Snapmaker's innovative design allows for a significant reduction in printing time, completing tasks that would typically take 20-30 hours in just 5-6 hours [19]. Group 2: Industry Context and Competition - The 3D printing industry is characterized by a clear divide between leading players like拓竹 and others, with Snapmaker positioning itself as a strong contender [7][8]. - The article notes that Snapmaker's success is partly due to the market education provided by拓竹, which has clarified consumer demand for multi-color printing [24]. - Following Snapmaker's U1 launch,拓竹 quickly responded with new product releases, indicating the competitive pressure Snapmaker is creating in the market [24]. Group 3: Challenges and Future Outlook - Snapmaker faces challenges in scaling production and ensuring timely delivery, which are critical for maintaining its market position [36][40]. - The company has invested significant time in developing its supply chain and is preparing to establish its own manufacturing facility to meet production demands [41][42]. - The future success of Snapmaker will depend on its ability to leverage its initial market advantage and continue innovating while addressing potential competition from拓竹 and other players [45][46].