Selective Laser Sintering Equipment Market Estimated to reach 947.4 million USD by 2023

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.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=27853684

 

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).

• Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=27853684

 

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441