PROTO LABS, INC.
PRLBProto Labs, Inc. (PRLB) is a manufacturing company that specializes in on-demand, digital manufacturing services. It provides rapid prototyping and low-volume production of custom plastic and metal parts through its online platform, utilizing technologies such as 3D printing, CNC machining, and injection molding. Founded in 1999, the company focuses on serving engineers and product developers across various industries by enabling quick turnaround times and high precision production.
Company News
The polymer additive manufacturing market is expected to grow significantly from 2024 to 2031, driven by cost efficiency, customization, and sustainability benefits. Key growth opportunities include advancements in bioprinting, supply chain resilience, and industry partnerships. North America leads the market due to strong industrial adoption.
The global injection molding market is projected to reach $418.39 billion by 2031, driven by growing demand from the automotive and packaging industries. Metal injection molding is expected to see the highest growth rate during the forecast period.
The global aerospace 3D printing market is poised for significant growth, with a projected CAGR of 18.79% from 2025 to 2033, driven by increasing demand for lightweight and fuel-efficient aircraft, and efforts to minimize carbon emissions and bolster national defense industries.
Proto Labs beat earnings forecasts in Q3, with sales of $125.6 million and earnings of $0.47 per share, despite a decline in revenue and earnings compared to the prior year. The company's CEO cited 'continued dynamic challenges in the manufacturing sector' as the reason for the revenue decline. Proto Labs provided Q4 guidance, forecasting sales b...
The global additive manufacturing market is projected to reach $91.59 billion by 2031, growing at a CAGR of 20.8% due to rising demand for cost-efficient production, customized products, and technological advancements in 3D printing. Industrial 3D printers dominate the market, and the laser beam melting (LBM) technology is expected to lead the gr...
