Press release
22.8% Growth Rate for Selective Laser Sintering Equipment Market by 2023 | Global Major Manufacturers, Production and Sales Market Comparison
The selective laser sintering (SLS) equipment market is estimated to be 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% between 2018 and 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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Top Companies profiled in the Selective Laser Sintering Equipment Market:
• 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)
• Red Rock SLS (Russia)
“Growing market for automotive, consumer goods, and healthcare and medical devices propels SLS equipment market growth”
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 others. Additionally, in the automotive industry, SLS technology has opened new avenues at each stage of production of motor vehicles, from the functional prototyping phases, design, and tooling production to parts manufacturing; the automotive industry is one of the pioneers in the adoption of 3D printing in its processes.
“APAC and North America are major markets for SLS equipment”
In 2017, North America held the largest market share as a result of technological advancements and growing adoption of technology in a vast range of industries. The SLS 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 jewelry. The rising adoption of SLS equipment and materials would further boost the penetration of SLS equipment across APAC.
Breakdown of primary participants’ profile:
• By Company Type: Tier 1 = 50%, Tier 2 = 33%,and Tier 3 = 17%
• By Designation: C-Level Executives = 22%, Directors = 27%, and Others = 51%
• By Region: North America = 52%, APAC = 24%,Europe = 18%, and RoW = 6%
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Study Objectives:
• 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 analyze competitive developments such as acquisitions, new product launch and developments, and research and development (R&D) in the SLS equipment market
• To define, describe, and forecast the SLS equipment market, in terms of value, by material, application, industry, and geography
• 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
Target Audience for Selective Laser Sintering Equipment Market:
• Government and corporate offices
• SLS product and solution providers
• SLS-related service providers
• SLS material and accessory providers
• 3D printing consulting companies
• SLS assembly companies
• 3D printing/SLS software providers
• 3D printing- and SLS-related associations, organizations, forums, and alliances
• Venture capitalists, private equity firms, and start-ups
• Distributors and traders
• Product research and development labs
• Design engineers
• Artists and archeologists
• Hobbyists
• Architects and structural engineers
• Educational institutes and universities
• End users interested in laser sintering technology and related latest technological developments
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