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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• SLS equipment market for robotics application to grow at highest CAGR during forecast period
• SLS equipment market in APAC to grow at highest CAGR during forecast period
This report provides valuable insights into the ecosystem of the SLS equipment market. Major players profiled in this report are 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).
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 selective laser sintering equipment 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.
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
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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 selective laser sintering equipment 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
• SLS equipment market for robotics application to grow at highest CAGR during forecast period
• SLS equipment market in APAC to grow at highest CAGR during forecast period
This report provides valuable insights into the ecosystem of the SLS equipment market. Major players profiled in this report are 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).
Product Launches and Developments
| Month & Year | Company | Description |
| June 2018 | Prodways Group | Prodways launched ProMaker LD-3, a compact 3D printer, which will enable to produce professional-grade prototypes and compact designs. |
| June 2018 | 3D Systems Corporation | 3D Systems launched DMP Flex 100 and DMP Dental 100 3D printers for entry-level metal 3D printing and dental applications. |
Agreements, Partnerships, Collaborations, and Contracts
| Month & Year | Company | Description |
| March 2018 | Farsoon Technologies | Farsoon Technologies collaborated with Additive Manufacturing Technologies (AMT) to provide innovative post-processing solutions for additive technologies. |
| March 2018 | Farsoon Technologies | Farsoon Technologies signed an agreement with Oerlikon to supply qualified Oerlikon AM metal powders for Farsoon additive manufacturing metal systems. |
Mergers and Acquisitions
| Month & Year | Company | Description |
| November 2017 | Prodways Group | Prodways acquired AvenAo, an expert in the integration of 3D design applications. |
| September 2017 | Prodways Group | Prodways acquired Interson-Protac (a major player in the field of audiology). The integration into Prodways Group will give Interson-Protac an opportunity to further migrate toward 3D printing and accelerate its expansion. |
Expansions
| Month & Year | Company | Description |
| December 2017 | Concept Laser GmbH | GE Additive (parent company of Concept Laser) established Customer Experience Center in Munich, Germany. The center installed over 10 3D printing machines from Concept Laser and Arcam EBM to enhance customer knowledge about the additive manufacturing process—from design and prototyping to functional part production applications. |
| April 2017 | Renishaw Plc. | Renishaw signed a partnership agreement with FalconTech Co., Ltd. (China) for extending the distribution of its solutions based on metal additive technology in China. With this partnership, FalconTech is expected to set up an additive manufacturing solutions center in Wuxi, Jiangsu province, using RenAM 500M AM systems of Renishaw. |
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 selective laser sintering equipment 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.
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
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