Selective Laser Sintering Equipment Market: The consumer goods sector is expected to hold the largest market size

 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.

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By industry, the consumer goods sector is expected to hold the largest market size during the forecast period

The SLS equipment market, by industry, was dominated by consumer goods in 2017. SLS equipment is extensively used in the prototyping and functional prototyping of consumer electronic devices¡ªe.g., developing prototypes for GPS products; designing perfume bottles; designing washing machines and dishwasher exterior bodies; designing mobile phone accessories such as phone cases and connectivity cables; designing toys; designing mixer grinders; designing bicycles; designing parts of consumer electronic devices; and designing audio and visual product prototypes. Key players such as EOS, 3D Systems, Farsoon, and Ricoh offer SLS equipment that is being widely used in the consumer goods industry.

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).

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.

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In-depth analysis of the COVID-19 impact on the Selective Laser Sintering Equipment Market

The overall selective laser sintering equipment market, inclusive of equipment and material, is expected to grow from USD 339.5 million in 2018 to USD 947.4 million by 2023, at a CAGR of 22.8% during 2018 - 2023.

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Driver: Reduced manufacturing cost and time to market

A wide range of 3D printing technologies are being used to develop prototypes for use across industries¡ªfor instance, filament-based fused deposition modeling (FDM) that creates plastic prototypes; laser-curing processes that make parts from photopolymer resins; and powder bed fusion machines that produce fully dense metal and plastic components. Among these technologies, selective laser sintering (SLS) and direct metal laser sintering (DMLS) can cut costs through accelerated production; reduced tooling costs and work in process; less waste; and parts that remain strong despite being lightweight. Several companies are consuming SLS-printed end-use parts. For instance, Lockheed Martin (US) uses over a dozen 3D-printed waveguide support brackets in its Juno spacecraft that is currently in orbit around Jupiter. Also, Raytheon (US) uses 3D printing for its rocket engines, fins, and control system components as well, which are used for guided missiles. Similarly, Activated Research Company (US), to develop a radical new design for its Polyarc gas chromatography catalytic microreactor, has used DMLS technology for 3D printing. This has helped the company bring its product to market in just about 15 months. Boeing (US), in 2016, built the largest 3D-printed fixture that was used in the construction of its globally renowned 777 airplane. This helped Boeing cut down manufacturing costs by weeks rather than just a few days. SLS printing allows for the accurate production of robust end-use parts. Objects printed using durable white nylon, for example, can be produced with high details with +/−0.005¡å accuracy in all directions. Hence, the use of SLS technology is helping companies¡ªfrom automotive to aerospace¡ªaround the globe bring down their manufacturing costs and decrease time to market.

Restraint: Difficulties in using SLS printing software

Software used for designing the product has a vital role in SLS printing. The most common software used is computer-aided design (CAD), which shows a virtual 3D model of the product. SLS technology-based 3D printing process, which requires CAD data, involves fusing nylon particles layer by layer with a high-power laser to create a robust, functional part with outstanding mechanical properties. 3D CAD data is first converted into an STL file for processing. Many manufacturers or end-user industries still lack the knowledge required for using 3D printing software, thus making the use of these software solutions difficult for them. As a result, such manufacturers have to rely on external SLS printing service bureaus for specific production part requirements. This creates a problem in the design phase, thereby complicating the process of manufacturing. Also, high software price adds to the overall cost of production. Moreover, CAD software has some limitations. Users find the creation of complex shapes difficult with the use of CAD, which limits the use of 3D printers in general.

Opportunity: Emerging applications in manufacturing sector

SLS has been in the market for long; it was a patented technology until 2014. Since 2015, there have been considerable advancements in the technology, and SLS-based equipment has evolved. The industrial usage of SLS equipment has also increased and improved in the past 3 years. There have been several advancements in printers and printing technologies, and printing materials, and developments in the skill set of the workforce. Additionally, the market for metal-based SLS equipment is expected to grow in the near future. This is due to the growing use of metal-based printers across aerospace and medical devices industries. Within the medical devices or healthcare industry, SLS equipment is expected to be used for the 3D printing of surgical instruments. Moreover, automotive industries in several regions, especially Europe, are witnessing rapid growth. The market for vehicle production, including passenger cars and commercial vehicles, grew at a CAGR of 6.34% between 2009 and 2016. With the increase in the production rate of automobiles, the capacity gap in accessing appropriate tooling is likely to increase in the coming years. The increasing adoption of 3D printing technology by existing tool suppliers to maximize their production capacities is further expected to boost the 3D printing market for automotive tooling.

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).

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.

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Opportunities in Selective Laser Sintering Equipment Market

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.

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27853684

Opportunities

Emerging applications in manufacturing sector

SLS has been in the market for long; it was a patented technology until 2014. Since 2015, there have been considerable advancements in the technology, and SLS-based equipment has evolved. The industrial usage of SLS equipment has also increased and improved in the past 3 years. There have been several advancements in printers and printing technologies, and printing materials, and developments in the skill set of the workforce. Additionally, the selective laser sintering equipment market for metal-based SLS equipment is expected to grow in the near future. This is due to the growing use of metal-based printers across aerospace and medical devices industries. Within the medical devices or healthcare industry, SLS equipment is expected to be used for the 3D printing of surgical instruments. Hence, further advancements in SLS technology will offer opportunities for players in the SLS equipment market.

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).

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.
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Suite 430
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USA : 1-888-600-6441

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.

• Download PDF Brochure:-
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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.

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.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Selective Laser Sintering Equipment Market Drivers and Opportunities - Global Forecast to 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 expected at USD 339.5 million in 2018 and is expected 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 rising due to the growing 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.

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Drivers


Government investments in 3D printing projects


Governments all over the world are undertaking initiatives and providing funding to educational institutions, research centers, and research and technology organizations to further explore the opportunities offered by 3D printing technology and encourage developments in the technology. Countries such as the US, the UK, and Canada have implemented national programs for promoting the university-level 3D printing research, which is driving technological advancements and the establishment of start-ups. The emergence of new applications for 3D printing has attracted industrialists and governments across the world toward the technology.


Reduced manufacturing costs and time to market


A extensive range of 3D printing technologies are being used to grow prototypes for use across industries—for instance, filament-based fused deposition modeling (FDM) that creates plastic prototypes; laser-curing processes that make parts from photopolymer resins; and powder bed fusion machines that produce fully dense metal and plastic components. Among these technologies, selective laser sintering (SLS) and direct metal laser sintering (DMLS) can cut costs through accelerated production; reduced tooling costs and work in process; less waste; and parts that remain strong despite being lightweight.


Opportunities


Emerging applications in manufacturing sector


SLS has been in the market for long; it was a patented technology until 2014. Since 2015, there have been considerable advancements in the technology, and SLS-based equipment has evolved. The industrial usage of SLS equipment has also increased and enhanced in the past 3 years. There have been several advancements in printers and printing technologies, and printing materials, and developments in the skill set of the workforce. Additionally, the selective laser sintering equipment market for metal-based SLS equipment is expected to grow in the near future. This is due to the growing use of metal-based printers across aerospace and medical devices industries. Within the medical devices or healthcare industry, SLS equipment is expected to be used for the 3D printing of surgical instruments. Hence, further advancements in SLS technology will offer opportunities for players in the SLS equipment market.


SLS equipment market in APAC to grow at highest CAGR during forecast period


The SLS equipment market in APAC is projected 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).


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.


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

Guide to Selective Laser Sintering Equipment Market Growth by 2023

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 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
  
  

• Nylon-based SLS equipment dominated the overall SLS equipment market in 2017
• 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

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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.

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Agreements, Partnerships, Collaborations, and Contracts

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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.

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Mergers and Acquisitions

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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.

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Expansions

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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.
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Mr. Shelly Singh
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Selective Laser Sintering Equipment Market by Material (Metal, and Nylon) worth 947.4 million USD by 2023

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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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.

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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).

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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