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Secular growth stocks are on the rise, and 3D printing stocks are at the forefront of this trend. With an industry growth rate of 23.5% until 2030, now is the time to invest in companies leading the way in this innovative technology.
One such company to consider is FARO Technologies (NASDAQ:FARO). Specializing in 3D measurement, imaging, and realization solutions, FARO has a strong market presence and a scalable business model. Despite not yet achieving profitability, the company’s recent earnings report and solid cash position make it a promising investment opportunity.
Align Technology (NASDAQ:ALGN) is another standout in the 3D printing space, particularly in the medical aesthetics market. With a focus on developing 3D scanners and Invisalign Clear Aligners, Align Technology is well-positioned for growth. The company’s efficient business model and strong growth rates make it a compelling choice for investors.
Lastly, Proto Labs (NYSE:PRLB) stands out as a leader in 3D printing with a focus on speed and comprehensive digital manufacturing. Despite some inconsistencies, Proto Labs has shown impressive long-term growth and strategic decision-making, making it a top contender in the industry.
Overall, 3D printing stocks offer exciting opportunities for investors looking to capitalize on the industry’s rapid growth. With companies like FARO Technologies, Align Technology, and Proto Labs leading the way, now is the time to consider adding these stocks to your portfolio.
