The increasing dependence on 3D-printed products that can be more easily modified than conventionally manufactured objects accelerated the 3D printing solutions market’s growth. The industry should keep growing with the increasing demand for customized and personalized products and rising adoption by manufacturers. According to a report by Fortune Business Insights, the global 3D printing market is expected to grow at a CAGR of 24% by 2028. Therefore, both Materialise NV (MTLS) and Stratasys Ltd. (SSYS) should benefit.
Headquartered in Leuven, Belgium, MTLS provides additive manufacturing and medical software and 3D printing services. It operates through Materialise Software; Materialise Medical; and Materialise Manufacturing segments. SSYS provides connected and polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photopolymerization printers for rapid prototyping.
