The overall selective laser sintering (SLS) equipment
market is projected to witness significant growth during the forecast
period. The market is growing due to the increasing government
investments in 3D printing projects and the ability of SLS equipment to
produce parts possessing good mechanical properties with no build
support in industries such as consumer goods, automotive, aerospace and
aeronautics, art and fashion, machinery and equipment, and healthcare
and medical devices. The selective laser sintering equipment market is
estimated to be valued at USD 339.5 million in 2018 and is projected to
be worth 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.
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The report covers the SLS equipment market segmented
by laser type, material, application, industry, and geography. Laser
types used in SLS equipment are solid and gas. By material, the
selective laser sintering equipment market has been segmented into metal
and nylon. The nylon segment has been subdivided into durable, glass
filled, and fiber filled. By application, the market has been segmented
into tooling, heavy equipment and machinery, and robotics. By industry,
the market has been classified into aerospace and aeronautics,
healthcare, automotive, consumer goods, machinery and equipment, and art
and fashion, in which SLS equipment is used for creating prototypes.
The report covers the SLS equipment market segmented
by laser type, material, application, industry, and geography. Laser
types used in SLS equipment are solid and gas. By material, the
selective laser sintering equipment market has been segmented into metal
and nylon. The nylon segment has been subdivided into durable, glass
filled, and fiber filled. By application, the market has been segmented
into tooling, heavy equipment and machinery, and robotics. By industry,
the market has been classified into aerospace and aeronautics,
healthcare, automotive, consumer goods, machinery and equipment, and art
and fashion, in which SLS equipment is used for creating prototypes.
SLS equipment is capable of creating both prototypes
and final products without requiring any support structure to hold the
object while it is being printed. The growth of the SLS equipment market
is propelled by the ability of SLS equipment to produce parts
possessing good mechanical properties with no build support. Also,
recent government investments in 3D printing projects and the ability of
SLS technology to reduce manufacturing costs and time to market are
propelling market growth.
The market for metal-based SLS equipment is expected
to grow at a higher CAGR during the forecast period. Due to extensive
demand for sophisticated, accurate, and complex designs in aerospace and
aeronautics, and healthcare industries (for medical devices and
surgical instruments), metal-based SLS equipment is expected to witness
increased adoption worldwide in the coming years.
North America held the largest share of the SLS
equipment market in 2017 owing to technological advancements and growing
adoption of technology in a vast range of industries in this region.
The selective laser sintering equipment market in APAC is expected to
grow at the highest CAGR during 2018–2023 driven by the increasing
adoption of SLS equipment in several verticals, such as consumer goods,
aerospace, automotive, healthcare, and art and fashion.
In 2017, 3D Systems Corporation (US) and EOS GmbH
(Germany) led the SLS equipment market. 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) are among the other companies operating in the
SLS equipment market.
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.
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