The selective laser sintering (SLS) equipment market
was valued at USD 274.3 million in 2017 and is projected to reach USD
947.4 million by 2023, for both equipment and material, growing at a
CAGR of 22.8% during the forecast period, 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 base year considered for the study
is 2017, and the forecast period is from 2018 to 2023.
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Study Objectives
- To define, describe, and forecast the SLS equipment market, in terms of value, by material, application, industry, and geography
- To forecast the market size of segments with respect to 4 main regions - North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market rank and core competencies, and detail the competitive landscape for market leaders
- To analyze competitive developments such as acquisitions, new product launch and developments, and research and development (R&D) in the SLS equipment market
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).
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.
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