Can you remember the first time you used the internet? For some of us, it feels like a lifetime ago that we were installing a dial-up internet program for the first time. It was slow. It was glitchy.
And it was hard to imagine how something with so many obvious deficiencies was going to change the world. However, the internet improved incessantly from the start, while simultaneously transforming multiple trillion-dollar industries. And history might be on the brink of repeating itself.
Xometry ( XMTR -2.13% ) is one of the most obscure businesses on the stock market. But it might be on the cutting edge of a very lucrative shift in manufacturing.
Why this is an intriguing investment idea Most people don't interact with the manufacturing world on a daily basis. But it's nonetheless enormous. Xometry addresses six manufacturing processes including injection molding and 3D printing.
And these six areas represent a $260 billion opportunity. Expanding into other areas would increase the size of its market. Unlike most people, many companies do regularly interact with the manufacturing world.
They need custom parts, prototypes, and entire production runs. Many manufacturing shops are small and the space is fragmented. Therefore, it can be hard for companies to find the most capable shops at the best price points.
It can be even harder to communicate manufacturing needs, get bids, and start production in a timely fashion. Xometry provides an online marketplace powered by artificial i.
