According to the Huatai Securities Research Report, the continuous advancement of software and hardware technology, the spread of generative AI, community ecosystem construction, and personalized consumer creative expression have jointly promoted the continued prosperity of the consumer-grade 3D printer industry and rapid penetration around the world, and consumers' “creation” needs and ideas are continuously being met. Huatai Securities believes that 3D printing has broken the circle thanks to product strength improvements brought about by supply chain integration, cost control, and technological refinement, etc., and has established the status of “chain owners” of Chinese enterprises, and has now formed a strong competitive pattern. Looking forward to the future, the industry is still in a dividend period of rapid development. The scale of the industry is expected to maintain a compound growth rate of 30% in the next 5 years, and hardware+consumables+ecology will become the key to competition. In a context where there is still room for improvement in product strength, it is expected that leading companies in software and hardware R&D and ecosystem construction will continue to show competitive advantages.

According to the Huatai Securities Research Report, the continuous advancement of software and hardware technology, the spread of generative AI, community ecosystem construction, and personalized consumer creative expression have jointly promoted the continued prosperity of the consumer-grade 3D printer industry and rapid penetration around the world, and consumers' “creation” needs and ideas are continuously being met. Huatai Securities believes that 3D printing has broken the circle thanks to product strength improvements brought about by supply chain integration, cost control, and technological refinement, etc., and has established the status of “chain owners” of Chinese enterprises, and has now formed a strong competitive pattern. Looking forward to the future, the industry is still in a dividend period of rapid development. The scale of the industry is expected to maintain a compound growth rate of 30% in the next 5 years, and hardware+consumables+ecology will become the key to competition. In a context where there is still room for improvement in product strength, it is expected that leading companies in software and hardware R&D and ecosystem construction will continue to show competitive advantages.