According to the new market research report on the "Selective Laser Sintering Equipment Market
by Material (Metal, and Nylon), Application (Tooling, heavy equipment
& machinery, and Robotics), Industry (Consumer Goods, Automotive,
Medical Devices), Laser Type, and Geography - Global Forecast to 2023",
The SLS equipment market is estimated at USD 339.5 million in 2018 and
is projected to reach USD 947.4 million by 2023, for both equipment
and material, growing at a CAGR of 22.8% from 2018 to 2023, whereas the
market for equipment, inclusive of SLS and DMLS, is projected to grow
at a CAGR of 27.5% during the forecast period. The market is growing
due to the increasing demand for SLSL equipment in end-user industries,
such as consumer goods, automotive, aerospace & aeronautics,
machinery and equipment, healthcare and medical devices, and art and
fashion, in which SLS equipment is used for creating prototypes.
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Browse 77 market data Tables and 42 Figures spread through 162 Pages and in-depth TOC on "Selective Laser Sintering Equipment Market - Global Forecast to 2023"
Nylon-based SLS equipment dominated the overall SLS equipment market in 2017
Among different material-based SLS equipment, nylon
held the largest share of the overall SLS equipment market in 2017;
whereas metal-based SLS equipment is expected to exhibit the fastest
growth during the forecast period. Nylon-based SLS equipment is
extensively used across consumer goods and automotive industries, which
is responsible for its largest market size in 2017. SLS equipment is
extensively used in prototyping and functional prototyping of consumer
electronic devices e.g., developing prototypes for GPS products;
designing perfume bottles; designing washing machines and dishwasher
exterior bodies, among many others.
SLS equipment market for robotics application to grow at highest CAGR during forecast period
Until recently, robot makers have been constrained to
use existing off-the-shelf parts. With the introduction of SLS
printing, they can now design and print their own parts using affordable
and free designing tools, as well as cost-effective SLS 3D equipment.
The adoption of SLS equipment will continue to grow, and greater
acceleration in robot building with SLS 3D equipment can be expected as
it minimizes the costs of prototypes, and in many cases, final parts.
The robotics application largely makes use of metal-based SLS equipment
to create prototypes or detailed end products.
SLS equipment market in APAC to grow at highest CAGR during forecast period
The SLS equipment market in APAC is expected to grow
at the highest CAGR during the forecast period driven by the increasing
adoption of SLS equipment in several verticals, such as consumer goods,
aerospace, automotive, healthcare, and jewelry. The rising adoption of
SLS equipment and materials would further boost the penetration of SLS
equipment across APAC. The major contributors to the market in APAC are
Japan and China. China has a huge potential in terms of SLS 3D printing
applications and is also the fastest-growing market in APAC. However,
North America held the largest share of the SLS equipment market in 2017
owing to the technological advancements and growing adoption of
technology in a vast range of industries in this region.
Major players in the SLS equipment market include 3D
Systems Corporation (US), EOS GmbH (Germany), Farsoon Technologies
(China), Prodways Group (France), Formlabs, Inc. (US), Sinterit sp. z
o.o. (Poland), Renishaw Plc. (UK), Sintratec AG (Switzerland), Sharebot
S.r.l. (Italy), Natural Robotics (Spain), Ricoh Company, Ltd. (Tokyo), Z
Rapid Tech (China), Concept Laser GmbH (Germany), Aerosint (Belgium),
XYZ Printing, Inc. (Taiwan), Dynamic Tools (Spain), Aspect Inc (Japan),
and Red Rock SLS (Russia).
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USA : 1-888-600-6441