Once Booming, 3D Printing Companies are Now Contemplating Layoffs

makerbotfactory3D printing companies Stratasys and 3D Systems painted a bleak picture about their businesses earlier this month by reporting declining revenue in the latest quarter. It was a dramatic about-face compared to the buzz around the two giants from 2012 to 2014. Even as projections about the overall 3D printing remain bright—it’s expected to be a $17 billion market by the end of this decade—the next year will likely be a rough one for Stratasys and 3D Systems. Both have promised to cut expenses while dealing with the serious challenges.

Potential customers are slowing their buying of 3D printing technology, a trend that Goldman Sachs analysts recently described in a note to investors as being “likely industry-wide more than company specific.” Meanwhile, makers of 3D printing technology are facing increased competition as newcomers enter the field, most notably HP Inc, which is expected to start shipping its own line of 3D printers next year.

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About Peter Coffaro 1431 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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