Stratasys Rival Voxeljet Files IPO $ssys $ddd $jpm
Although Voxeljet is relatively smaller than its publicly-traded peers (Stratasys and 3D Systems) with revenues of $11 million, its portfolio boasts 170 U.S. and international patents and applications. Moreover, its clientele includes the likes of 3M(MMM), BMW, Daimler and Ford (F).
The 3D printing market presents a favorable long-term opportunity. According to the 2013 study by Wohlers Associates in 3dprintingindustry.com, 3D printing is expected to become a viable alternative across several market segments. The research firm expects this industry to continue to show double-digit growth over the next few years.
Thus, Wohlers Associates believes that the sale of 3D-printing products and services will reach $6 billion worldwide by 2017. The industry is expected to touch $10.8 billion in revenues by 2021.
The initial years were tough for the industry as it took 20 years to reach the $1 billion mark. However, the industry touched the $2.0 billion mark In the next five years. It is expected to double again and reach $4 billion by 2015.