3D printing industry giant 3D Systems has been ranked as one of the fastest-growing companies in the world.
The Rock Hill-headquartered organisation has been put in second place on the Fortune Magazine 2013 list of fastest-growing technology companies, while it was ranked fifth overall out of 100 companies listed.
Fortune indicates that, even in times of stagnation, certain companies continue to thrive and the publication's annual list of these high achievers highlights the most vigorous patches of the global economy.
TCT Show + Personalize keynote speaker and CEO of 3D Systems Avi Reichental was thrilled by the news, commenting: "We are honoured to have made this prestigious list for the second year in a row, moving up from twelfth to fifth place along with some of the largest and most celebrated companies in the world. It has been a true team effort by our global teammates, partners and supporters to deliver the results that earned this esteemed recognition."
3D Systems ranked higher than tech giant Apple (38th), engineering juggernaut Caterpillar (81st) and FARO Technologies (85th) in the all-industries list.
Fortune highlights that additive manufacturing "is being increasingly used to create cost-effective models and real parts for machines and end-use products" and that 3D Systems' strategy to commandeer the 3D printer and associated materials and services markets for both home and commercial use are proving lucrative.
"In mid-2012 [3D Systems] doubled its research and development expenditures and improved marketing to expand its products and boost sales. Those efforts seem to be paying off," the report stated.