Selective Laser Sintering Equipment Market Growth 2022 Along with Business Insights and Forecast to 2023

Posted July 8, 2022 by avinashgogawale14

The Selective Laser Sintering Equipment Market is predicted to grow from USD 339.5 million in 2018 to USD 947.4 million by 2023, at a CAGR of 22.8%.
The Selective Laser Sintering Equipment Market is expected to grow at a CAGR of 22.8 % to 2023, while the market for equipment, including SLS and DMLS, is anticipated to grow at a rate of 27.5 percent over the same period. The market is expected to reach USD 339.5 million in 2018 and USD 947.4 million by 2023. In end-user industries such consumer goods, automotive, aerospace & aeronautics, machinery & equipment, healthcare & medical devices, and art & fashion, where SLS equipment is used to create prototypes, there is a growing demand for SLSL equipment, which is driving the market growth.

Key Players

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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The SLS Equipment Market as a whole was dominated by nylon-based products in 2017.

Nylon accounted for the biggest market share of all material-based SLS equipment in 2017, but metal-based SLS equipment is predicted to increase at the quickest rate over the next years. The consumer products and automotive industries make substantial use of nylon-based SLS equipment, which is the cause of its highest market size in 2017. The use of SLS equipment is widespread in the prototyping and functional prototyping of consumer electronic devices, including the creation of prototypes for GPS products, the design of perfume bottles, and the creation of exterior bodies for washing machines and dishwashers, among many other applications.

Robotics Application SLS Equipment Market to Expand at the Highest CAGR During the Prediction Period

Robotics manufacturers were formerly limited to using commercially available parts. They may now design and print their own parts utilising economical and free designing tools and cost-effective SLS 3D equipment thanks to the invention of SLS printing. Since SLS 3D equipment lowers the cost of prototypes and, in many cases, final parts, the adoption of SLS equipment will continue to increase. As a result, an acceleration in the development of robots is anticipated. For the most part, the robotics application uses metal-based SLS machinery to produce detailed prototypes or final goods.

APAC would experience the largest CAGR growth for SLS equipment during the anticipated period.

Due to the rising usage of SLS equipment across a number of industries, including consumer goods, aerospace, automotive, healthcare, and jewellery, the SLS Equipment Market in APAC is anticipated to expand at the highest CAGR over the forecast period. The penetration of SLS equipment across APAC would be further boosted by the growing use of SLS materials and equipment. Japan and China are the two biggest market contributors in APAC. China is the fastest-growing market in APAC and has enormous potential for SLS 3D printing applications. However, North America commanded the highest share of the SLS Equipment Market in 2017 as a result of the region's rapid technological development and expanding acceptance of technology across a wide range of sectors.

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Last Updated July 8, 2022