Financial ReportsStocks

3D printing at Protolabs grows 22% in fiscal H1

Leading manufacturing service reports record growth

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

Leading global manufacturing outsourcing service Protolabs has been booming lately. Stocks are at an all-time high (see chart below) and this time financial growth is supported by real economic data, with record revenues for both Q2 and H1 of the current fiscal year. Even more importantly – for us working in the 3D printing industry – is that the company provided a mid-term financial report where it splits different revenue segments (formative, subtractive, additive and sheet metal), thus providing a clear indication of how much 3D printing weights on these record revenues.

Growing beyond

Protolabs‘ 3D printing revenues grew by 22% in H1 and 21.8% in Q2. Globally the company provides services using several different industrial grade technologies including both metal (SLM and DMLS), and polymer (SLS, SLA and MJF) additive manufacturing.

 

Protolabs 3D printing revenues H1 2016
DMLS automotive parts – shiny part is CNC finished

Overall, 3D printing represented 11.8% of the company’s revenues in H1 2018 and 12.1% in Q2. In all fairness, it should be said that the weight of 3D printing on overall revenues was slightly more significant in FY 2017 than in FY 2018. However, that is due to the fact that Protolabs added a new business segment in this fiscal year (Sheet Metal) and also to the fact that CNC related revenues – which is the subtractive form of digital manufacturing – grew even more than 3D printing.

By comparison, injection molding (formative manufacturing) revenues – which remain Protolabs’ core business – amounted to $103 million in H1 (and grew 8.7%). This is roughly four times as much as 3D printing, which, however, is not much compared to global manufacturing ratios – where 3D printing still represents less than 1% of injection molding volumes.

CNC machining related revenues (subtractive manufacturing) amounted to $74.5 million on H1, which is about three times as much as 3D printing. Growth in CNC was impressive: +61.5%. Clearly, CNC as a process is a better fit for current demands, but the incidence of 3D printing remains impressive at this early stage of the technology’s evolutions.

 

 

Research 2021
Ceramic AM Market Opportunities and Trends

This market study from 3dpbm Research provides an in-depth analysis and forecast of the ceramic additive ma...

Davide Sher

Since 2002, Davide has built up extensive experience as a technology journalist, market analyst and consultant for the additive manufacturing industry. Born in Milan, Italy, he spent 12 years in the United States, where he completed his studies at SUNY USB. As a journalist covering the tech and videogame industry for over 10 years, he began covering the AM industry in 2013, first as an international journalist and subsequently as a market analyst, focusing on the additive manufacturing industry and relative vertical markets. In 2016 he co-founded London-based 3dpbm. Today the company publishes the leading news and insights websites 3D Printing Media Network and Replicatore, as well as 3D Printing Business Directory, the largest global directory of companies in the additive manufacturing industry.

Related Articles

Back to top button

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services

STAY AHEAD

OF THE CURVE

Join industry leaders and receive the latest insights on what really matters in AM!

This information will never be shared with 3rd parties

I’ve read and accept the privacy policy.*

WELCOME ON BOARD!