Selective Laser Sintering Equipment Market worth 947.4 million USD by 2023, Growing at CAGR of 22.8%

The selective laser sintering equipment market (SLS) was valued at USD 274.3 million in 2017 and is estimated 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 expected 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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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).

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 selective laser sintering equipment 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 generating both prototypes and final products without requiring any support structure to hold the object while it is being printed. The evolution 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 projected 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 implementation 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.

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