HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: July 2018
Report Code: SE 6482

 

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[162 Pages Report] 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.

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 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

Research Methodology

This research study involves the use of secondary sources, annual reports, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the extensive technical, market-oriented, and commercial study of the SLS equipment market. Primary sources mainly comprise several experts from core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, standards, and certification organizations related to various parts of this industry’s value chain. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants, have been conducted to obtain and verify critical qualitative and quantitative information, as well as assess prospects. The breakdown of the profiles of primaries has been depicted in the figure below:

Selective Laser Sintering Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

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.


Key Target Audience

  • 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
  • Government and corporate offices
  • 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

Scope of the Report

This research report segments the SLS equipment market into the following submarkets:

SLS Equipment Market, by Laser Type

  • Solid Laser
  • Gas Laser

SLS Equipment Market, by Material

  • Metal
  • Nylon

SLS Equipment Market, by Application

  • Tooling
  • Heavy Equipment & Machinery
  • Robotics

SLS Equipment Market, by Industry

  • Consumer Goods
  • Aerospace & Aeronautics
  • Automotive
  • Healthcare & Medical Devices
  • Machinery & Equipment
  • Art & Fashion
  • Others

SLS Equipment Market, by Region

  • North America
  • Europe
  • APAC
  • RoW

Available Customizations

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Company Information

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Table of Contents

1 Introduction (Page No. - 15)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities for SLS Equipment Market Growth
    4.2 SLS Equipment Market, By Application
    4.3 selective laser sintering equipment market, By Industry
    4.4 selective laser sintering equipment market for Nylon-Based Systems, By Industry
    4.5 North American SLS Equipment Market
    4.6 SLS Equipment Market, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Comparison of SLS Systems
    5.3 Product Comparison: SLS Equipment
    5.4 Laser Standards and Classifications
    5.5 Recent Trends
    5.6 Value Chain Analysis
    5.7 Market Dynamics
           5.7.1 Drivers
                    5.7.1.1 Production of Parts Possessing Good Mechanical Properties With No Build Support
                    5.7.1.2 Government Investments in 3D Printing Projects
                    5.7.1.3 Reduced Manufacturing Costs and Time to Market
           5.7.2 Restraints
                    5.7.2.1 Lack of Standard Process Control
                    5.7.2.2 Difficulties in Using SLS Printing Software
           5.7.3 Opportunities
                    5.7.3.1 Emerging Applications in Manufacturing Sector
           5.7.4 Challenges
                    5.7.4.1 Complex Operation and High Risk Associated With SLS Equipment
                    5.7.4.2 Additional Cost Related to Post-Processing

6 SLS Equipment Market, By Laser Type (Page No. - 48)
    6.1 Introduction
    6.2 Solid Laser
           6.2.1 Fiber Laser
           6.2.2 Thin-Disk Laser
    6.3 Gas Laser
           6.3.1 CO2 Laser
           6.3.2 Excimer Laser

7 SLS Equipment Market, By Material (Page No. - 52)
    7.1 Introduction
    7.2 Metal
           7.2.1 Styrene Based
           7.2.2 Aluminum Filled
    7.3 Nylon
           7.3.1 Durable
           7.3.2 Glass Filled
           7.3.3 Fiber Filled

8 SLS Equipment Market, By Application (Page No. - 59)
    8.1 Introduction
    8.2 Tooling
    8.3 Heavy Equipment and Machinery
    8.4 Robotics

9 SLS Equipment Market, By Industry (Page No. - 65)
    9.1 Introduction
    9.2 Automotive
    9.3 Aerospace and Aeronautics
    9.4 Consumer Goods
    9.5 Machinery and Equipment
    9.6 Art and Fashion
    9.7 Medical Devices
    9.8 Others

10 Geographic Analysis (Page No. - 91)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
             10.3.3 France
             10.3.4 Italy
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 South America
             10.5.2 Middle East & Africa

11 Competitive Landscape (Page No. - 115)
     11.1 Overview
     11.2 Selective Laser Sintering Equipment Market Ranking Analysis
     11.3 Competitive Situations and Trends
             11.3.1 Product Launches and Developments
             11.3.2 Agreements, Partnerships, Collaborations, and Contracts
             11.3.3 Mergers and Acquisitions
             11.3.4 Expansions

12 Company Profiles (Page No. - 122)
     12.1 Introduction
     12.2 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             12.2.1 3D Systems Corporation
             12.2.2 EOS GmbH
             12.2.3 Farsoon Technologies
             12.2.4 Prodways Group
             12.2.5 Formlabs, Inc.
             12.2.6 Ricoh Company, Ltd.
             12.2.7 Concept Laser GmbH
             12.2.8 Renishaw PLC.
             12.2.9 Sinterit Sp. Z O.O.
             12.2.10 Sintratec AG
             12.2.11 Sharebot S.R.L.
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     12.3 Other Companies
             12.3.1 Natural Robotics
             12.3.2 Zrapid Tech
             12.3.3 Red Rock SLS
             12.3.4 Aerosint
             12.3.5 Xyz Printing, Inc.
             12.3.6 Dynamical Tools
             12.3.7 Aspect Inc

13 Appendix (Page No. - 155)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (77 Tables)

Table 1 Comparative Analysis of Different SLS Equipment
Table 2 SLS Equipment: Product Comparison Overview
Table 3 Classification Criteria of Different Laser Standards
Table 4 Emerging Trends Related to Materials in 3D Printing Market
Table 5 Government Investments in 3D Printing Projects
Table 6 Selective Laser Sintering Equipment Market, By Material, 2015–2023 (USD Million)
Table 7 SLS Equipment Market for Metal, By Application, 2015–2023 (USD Million)
Table 8 SLS Equipment Market for Metal, By Industry, 2015–2023 (USD Million)
Table 9 SLS Equipment Market for Nylon, By Application, 2015–2023 (USD Million)
Table 10 Selective Laser Sintering Equipment Market for Nylon, By Industry, 2015–2023 (USD Million)
Table 11 Selective Laser Sintering Equipment Market, By Application, 2015–2023 (USD Million)
Table 12 Selective Laser Sintering Equipment Market for Tooling, By Material, 2015–2023 (USD Million)
Table 13 Selective Laser Sintering Equipment Market for Heavy Equipment and Machinery, By Material, 2015–2023 (USD Million)
Table 14 Selective Laser Sintering Equipment Market for Robotics, By Material, 2015–2023 (USD Million)
Table 15 Selective Laser Sintering Equipment Market, By Industry , 2015–2023 (USD Million)
Table 16 Selective Laser Sintering Equipment Market for Automotive, By Material, 2015–2023 (USD Million)
Table 17 Selective Laser Sintering Equipment Market for Automotive, By Region, 2015–2023 (USD Million)
Table 18 Selective Laser Sintering Equipment Market for Automotive in North America, By Country, 2015–2023 (USD Million)
Table 19 Selective Laser Sintering Equipment Market for Automotive in Europe, By Country, 2015–2023 (USD Million)
Table 20 Selective Laser Sintering Equipment Market for Automotive in APAC, By Country, 2015–2023 (USD Million)
Table 21 Selective Laser Sintering Equipment Market for Aerospace and Aeronautics, By Material, 2015–2023 (USD Million)
Table 22 Selective Laser Sintering Equipment Market for Aerospace and Aeronautics, By Region, 2015–2023 (USD Million)
Table 23 Selective Laser Sintering Equipment Market for Aerospace and Aeronautics in North America, By Country, 2015–2023 (USD Million)
Table 24 Selective Laser Sintering Equipment Market for Aerospace and Aeronautics in Europe, By Country, 2015–2023 (USD Million)
Table 25 Selective Laser Sintering Equipment Market for Aerospace and Aeronautics in APAC, By Country, 2015–2023 (USD Million)
Table 26 Selective Laser Sintering Equipment Market for Consumer Goods, By Material, 2015–2023 (USD Million)
Table 27 Selective Laser Sintering Equipment Market for Consumer Goods, By Region, 2015–2023 (USD Million)
Table 28 Selective Laser Sintering Equipment Market for Consumer Goods in North America, By Country, 2015–2023 (USD Million)
Table 29 Selective Laser Sintering Equipment Market for Consumer Goods in Europe, By Country, 2015–2023 (USD Million)
Table 30 Selective Laser Sintering Equipment Market for Consumer Goods in APAC, By Country, 2015–2023 (USD Million)
Table 31 Selective Laser Sintering Equipment Market for Machinery and Equipment, By Material, 2015–2023 (USD Million)
Table 32 Selective Laser Sintering Equipment Market for Machinery and Equipment, By Region, 2015–2023 (USD Million)
Table 33 Selective Laser Sintering Equipment Market for Machinery and Equipment in North America, By Country, 2015–2023 (USD Million)
Table 34 Selective Laser Sintering Equipment Market for Machinery and Equipment in Europe, By Country, 2015–2023 (USD Million)
Table 35 Selective Laser Sintering Equipment Market for Machinery and Equipment in APAC, By Country, 2015–2023 (USD Million)
Table 36 Selective Laser Sintering Equipment Market for Art and Fashion, By Material, 2015–2023 (USD Million)
Table 37 Selective Laser Sintering Equipment Market for Art and Fashion, By Region, 2015–2023 (USD Million)
Table 38 Selective Laser Sintering Equipment Market for Art and Fashion in North America, By Country, 2015–2023 (USD Million)
Table 39 Selective Laser Sintering Equipment Market for Art and Fashion in Europe, By Country, 2015–2023 (USD Thousand)
Table 40 Selective Laser Sintering Equipment Market for Art & Fashion in APAC, By Country, 2015–2023 (USD Million)
Table 41 Selective Laser Sintering Equipment Market for Medical Devices, By Material, 2015–2023 (USD Million)
Table 42 Selective Laser Sintering Equipment Market for Medical Devices, By Region, 2015–2023 (USD Million)
Table 43 Selective Laser Sintering Equipment Market for Medical Devices in North America, By Country, 2015–2023 (USD Million)
Table 44 Selective Laser Sintering Equipment Market for Medical Devices in Europe, By Country, 2015–2023 (USD Million)
Table 45 Selective Laser Sintering Equipment Market for Medical Devices in APAC, By Country, 2015–2023 (USD Million)
Table 46 Selective Laser Sintering Equipment Market for Others, By Material, 2015–2023 (USD Million)
Table 47 Selective Laser Sintering Equipment Market for Others, By Region, 2015–2023 (USD Million)
Table 48 Selective Laser Sintering Equipment Market for Others in North America, By Country, 2015–2023 (USD Million)
Table 49 Selective Laser Sintering Equipment Market for Others in Europe, By Country, 2015–2023 (USD Million)
Table 50 Selective Laser Sintering Equipment Market for Others in APAC, By Country, 2015–2023 (USD Million)
Table 51 Selective Laser Sintering Equipment Market, By Region, 2015–2023 (USD Million)
Table 52 Selective Laser Sintering Equipment Market in North America, By Country, 2015–2023 (USD Million)
Table 53 Selective Laser Sintering Equipment Market in North America, By Industry, 2015–2023 (USD Million)
Table 54 Selective Laser Sintering Equipment Market in the Us, By Industry, 2015–2023 (USD Million)
Table 55 Selective Laser Sintering Equipment Market in Canada, By Industry, 2015–2023 (USD Million)
Table 56 Selective Laser Sintering Equipment Market in Mexico, By Industry, 2015–2023 (USD Million)
Table 57 SLS Equipment Market in Europe, By Country, 2015–2023 (USD Million)
Table 58 Selective Laser Sintering Equipment Market in Europe, By Industry, 2015–2023 (USD Million)
Table 59 Selective Laser Sintering Equipment Market in the Uk, By Industry, 2015–2023 (USD Million)
Table 60 Selective Laser Sintering Equipment Market in Germany, By Industry, 2015–2023 (USD Million)
Table 61 Selective Laser Sintering Equipment Market in France, By Industry, 2015–2023 (USD Million)
Table 62 Selective Laser Sintering Equipment Market in Italy, By Industry, 2015–2023 (USD Million)
Table 63 Selective Laser Sintering Equipment Market in RoE, By Industry, 2015–2023 (USD Million)
Table 64 Selective Laser Sintering Equipment Market in APAC, By Country, 2015–2023 (USD Million)
Table 65 Selective Laser Sintering Equipment Market in APAC, By Industry, 2015–2023 (USD Million)
Table 66 SLS Equipment Market in China, By Industry, 2015–2023 (USD Million)
Table 67 SLS Equipment Market in Japan, By Industry, 2015–2023 (USD Million)
Table 68 SLS Equipment Market in India, By Industry, 2015–2023 (USD Million)
Table 69 SLS Equipment Market in South Korea, By Industry, 2015–2023 (USD Million)
Table 70 SLS Equipment Market in RoAPAC, By Industry, 2015–2023 (USD Million)
Table 71 SLS Equipment Market in RoW, By Region, 2015–2023 (USD Million)
Table 72 SLS Equipment Market in RoW, By Industry, 2015–2023 (USD Million)
Table 73 Ranking of Key Companies in Selective Laser Sintering (SLS) Equipment Market (2017)
Table 74 Product Launches and Developments (2018)
Table 75 Agreements, Partnerships, Collaborations, and Contracts (2017–2018)
Table 76 Mergers and Acquisitions (2016–2017)
Table 77 Expansions (2016–2017)


List of Figures (42 Figures)

Figure 1 Market Segmentation
Figure 2 Research Flow
Figure 3 Research Design
Figure 4 Data Triangulation
Figure 5 Metal-Based SLS Equipment to Gain Market Share During Forecast Period
Figure 6 Consumer Goods to Hold Largest Market Size By 2023
Figure 7 SLS Equipment Market to Grow at Highest CAGR in APAC During Forecast Period
Figure 8 High Adoption of SLS Equipment in Aerospace & Aeronautics and Consumer Goods Industries to Offer Opportunities for Market Growth During Forecast Period
Figure 9 Robotics to Grow at Highest CAGR During Forecast Period
Figure 10 Consumer Goods to Hold Largest Share of SLS Equipment Market in 2018
Figure 11 Consumer Goods to Grow at Highest CAGR During Forecast Period
Figure 12 US to Account for Largest Share of North American SLS Equipment Market in 2018
Figure 13 SLS Equipment Market to Grow at Highest CAGR in APAC During Forecast Period
Figure 14 Selective Laser Sintering (SLS) Features and Benefits
Figure 15 SLS Equipment Value Chain
Figure 16 Market Dynamics: Overview
Figure 17 SLS Production Process
Figure 18 SLS Equipment Market Segmentation, By Laser Type
Figure 19 Selective Laser Sintering Equipment Market Segmentation, By Material
Figure 20 Nylon-Based Material Held Largest Size of SLS Equipment Market in 2018
Figure 21 Robotics to Grow at Highest CAGR During 2018–2023
Figure 22 Selective Laser Sintering Equipment Market, By Application
Figure 23 Tooling Application to Hold Largest Size of SLS Equipment Market During Forecast Period
Figure 24 Metal to Grow at Highest CAGR During 2018–2023
Figure 25 SLS Equipment Market Segmentation, By Industry
Figure 26 Consumer Goods to Dominate SLS Market During Forecast Period
Figure 27 Metal to Grow at Highest CAGR During Forecast Period
Figure 28 North America to Hold Largest Size of SLS Equipment Market During 2018–2023
Figure 29 Mexico to Grow at Highest CAGR During Forecast Period
Figure 30 Germany to Dominate SLS Equipment Market for Art and Fashion in Europe During 2018–2023
Figure 31 India to Grow at Highest CAGR During Forecast Period
Figure 32 Germany Dominate SLS Equipment Market During 2018–2023
Figure 33 India to Emerge as Major Country for SLS Equipment Market During Forecast Period
Figure 34 North America: Snapshot of SLS Equipment Market
Figure 35 Europe: Snapshot of SLS Equipment Market
Figure 36 APAC: Snapshot of SLS Equipment Market
Figure 37 Companies Adopted Product Launch as Key Growth Strategy From 2015 to 2018
Figure 38 3D Systems Corporation: Company Snapshot
Figure 39 EOS GmbH: Company Snapshot
Figure 40 Prodways Group: Company Snapshot
Figure 41 Ricoh Company, Ltd.: Company Snapshot
Figure 42 Renishaw PLC.: Company Snapshot

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.

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.

Selective Laser Sintering Equipment Market

However, the lack of standard process control and difficulties in using SLS printing software inhibit the growth of the overall market. Complex operation and high risk associated with SLS equipment are among the major challenges faced by players in the SLS equipment market.

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.

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 wide range of 3D printing technologies are being used to develop 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 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. Hence, further advancements in SLS technology will offer opportunities for players in the SLS equipment market.

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