George Leong: The 3D-printing sector may be currently in an impasse but trust me folks, when I say the sector will be significant going forward and a buying opportunity as the price of the 3D-printing machines fall.
My stock analysis is that 3D printers will become a common sight on the desk of many homes.
Recall what happened when the laser printer first debuted in May 1984 with Hewlett-Packard Company’s (NYSE:HPQ) desktop laser printer.
The initial cost was staggeringly high at more than $3,000, but now a laser printer sells for less than $100.00. The same thing will happen for the 3D printer as prices start to decline, based on my stock analysis.
As my stock analysis indicates, 3D-printing technology will be a big winner going forward in nearly every area, from manufacturing to medical devices and technology.
The size of the 3D-printing and associated services market could jump to more than $6.0 billion by 2018, according to Citibank analyst Kenneth Wong. (Source: “3D Printing Market to Triple by 2018,” Business Wire, August 27, 2013.)
As Wong notes, the catalyst for the growth will begin with the expiration of key patents in 2014 that will drive prices lower.
Even athletic shoemaker New Balance is using the 3D-printing technology to produce customized shoes for elite athletes. (Source: “New Balance Pushes the Limits of Innovation with 3D Printing,” New Balance web site, March 7, 2013.)
I expect the 3D service will eventually be available for everyday purchases once 3D-printing machines become more readily available.(...)Click here to continue reading the original ETFDailyNews.com article: This Sector Is About To See Explosive Growth? [3D Systems Corporation, Stratasys, Ltd., Voxeljet AG (ADR)]You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
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