MakerBot, a subsidiary of Stratasys Ltd. (SSYS), will now offer six new MakerBot colors, which takes the total to 23 PLA Filament colors. The new PLA Filament colors are available from Dec 17, in the MakerBot retail stores situated in New York, Boston and Greenwich.
The new colors are True Green, Neon Green, Neon Pink, Neon Orange, Sparkly Dark Blue and Sparkly Dark Black. The use of this wide variety of colored filaments makes the product design more attractive to users, so the launch may be considered very timely (to enable 3D printing of gifts for the holiday season). Moreover, the MakerBot PLA Filament is a safe and reliable filament for MakerBot Replicator 2 Desktop 3D Printers.
According to a survey by Wohlers Associates, the sale of 3D-printing products and services will reach $6 billion worldwide by 2017 and $10.8 billion by 2021. The research firm expects this industry to continue to show double-digit growth over the next few years. Thus, the development of its 3D printing application is expected to position Stratasys for growth in the 3D printing space.
Over the years, Stratasys’ additive manufacturing solutions have been used by companies in the automotive, aerospace, defense, electronics, consumer goods, education and other sectors to improve product designs. Stratasys is also working with the U.S. Department of Energy to develop AM processes to aid in production.
Recently, Stratasys stated that additive manufacturing (AM) or 3D printing will strengthen manufacturing competitiveness by increasing supply chain efficiencies. Additionally, Stratasys and the National Association of Manufacturers (NAM) also agreed on the point that additive manufacturing will benefit from the current economic condition.
Moreover, Hewlett-Packard Company’s (HPQ) decision to quit the market has made the 3D printing business less competitive for Stratasys.
However, Stratasys is concerned about its high-cost business model and competition from big and small players like 3D Systems Corp. (DDD). Nonetheless, the acquisition of MakerBot is expected to improve the growth of its 3D systems business.
The company has a Zacks Rank #2 (Buy). A better ranked stock in the technology sector is Micron Technology Inc. (MU), which has a Zacks Rank #1 ( Strong Buy).
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment