Selective Laser Sintering Equipment Market Size, Share | 2031
Selective Laser Sintering Equipment Market Size, Share | 2031
Segments - Selective Laser Sintering Equipment Market by Material Type (Metal and Nylon), Laser Type (Solid Laser and Gas Laser), Application (Tooling, Heavy Equipment and Machinery, and Robotics), End-user (Consumer Goods, Art and Fashion, Automotive, Aerospace, and Medical Devices), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Report Description
Selective Laser Sintering Equipment Market Outlook 2031
The global selective laser sintering equipment market size was valued at USD 769.52 Million in 2022 and is likely to reach USD 4850.88 Million by 2031, expanding at a CAGR of 8.7% during 2023 – 2031. The market growth is attributed to the growing aerospace industry and increasing demand for heavy equipment.
Growing aerospace industry is expected to boost the demand for selective laser sintering equipment. Selective laser sintering equipment is used in aerospace to produce highly complex parts with accurate design. It also reduces the time and cost of producing small-run parts of aircraft, which increases its adoption in the aerospace industry. Therefore, the expanding aerospace industry is propelling the market.
Selective laser sintering is a 3D printing process to bind or sinter finely powdered material together into a solid structure. Metal and nylon are common materials for selective laser sintering, as they are highly capable of engineering thermoplastic.
Selective laser sintering equipment is applicable in various industries, such as automotive, healthcare, aeronautics, and cosmetics. It is used to produce several tools, heavy equipment, and machinery.
Increasing demand for heavy equipment in industrial applications is projected to drive the market. Laser sintering equipment is used to create or produce tools and machinery, such as tool bits for drilling machines, bearings, and other mechanical parts. Thus, the rising demand for heavy equipment is propelling the market.
The COVID-19 pandemic hampered the demand for selective laser sintering equipment. The disruption in manufacturing operations and supply chains across the globe hampered the production of selective laser sintering equipment. Moreover, governments worldwide suspended heavy industries, which impeded the demand for selective laser sintering equipment, as they are widely used in industrial applications to manufacture different heavy equipment tools and components.
Impact of Artificial Intelligence (AI) on Selective Laser Sintering Equipment
The applicability of artificial intelligence in almost every industry and sector creates an immense opportunity in the market. AI-powered selective laser sintering equipment helps in designing additive products, leading to an increase in efficiency.
AI in selective laser sintering predicts additive manufacturing attributes, such as mass, required support structures, and build times. AI-enabled laser sintering equipment detects anomalies and irregularities to improve the reliability and stability of the process during powder distribution.
Selective Laser Sintering Equipment Market Dynamics
Major Drivers
Growing healthcare industry is expected to boost the demand for selective laser sintering equipment. Selective laser sintering equipment melts a bed of metal to produce medical devices, including dental crowns, hip cups, knee trays, and hearing aids, which increases its adoption in healthcare. Therefore, the expanding healthcare industry is propelling the market. For instance,
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As per a report, the healthcare industry is expanding at a CAGR of 10.40% and is likely to reach USD 85.95 billion by 2027.
Increasing demand for consumer goods is projected to drive the market. Selective laser sintering equipment is used to produce a variety of consumer goods, such as printed razor handles, helmet liners, and carbon fiber bikes. It also produces geometrically complex, intricate, and highly accurate parts for consumer electronic goods, which increases its adoption in consumer goods.
Existing Restraints
High material waste associated with selective laser sintering is expected to restrict the market. Selective laser sintering produces some waste, as the powder in the chamber is preheated. This causes particle grains in the loose powder, compromising its quality for reuse.
Moreover, selective laser sintering has few choices of materials, which encourages users to reduce their adoption. This hampers the demand for selective laser sintering equipment.
Emerging Opportunities
Increasing investment in R&D activities by major market players to develop and introduce 3D printers based on selective laser sintering (SLS) technology for industrial application creates an immense opportunity in the market.
For instance, on December 2, 2021, Prodways, a global supplier of multi-technology professional 3D printers and materials, announced the launch of PROMAKER P1000 S, a 3D printer based on selective laser sintering technology. It has two powder feed tanks that allow a complete job to be done in a few hours without the need for recharging.
Scope of the Selective Laser Sintering Equipment Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Selective Laser Sintering Equipment Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Metal and Nylon), Laser Type (Solid Laser and Gas Laser), Application (Tooling, Heavy Equipment and Machinery, and Robotics), and End-user (Consumer Goods, Art and Fashion, Automotive, Aerospace, and Medical Devices) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
3D Systems, Inc.; 3Dnatives; Aerosint; CRP TECHNOLOGY S.r.l.; DMG MORI; EOS; Farsoon Technologies; Formlabs; igus; Optomec, Inc.; Prodways; Proto3000; Renishaw plc.; Ricoh; Sciaky Inc.; Sharebot S.r.l; Sintratec AG; SLM Solutions; TRUMPF; Xact Metal, Inc.; XYZprinting, Inc.; and ZRapid Tech. |
Market Segment Insights
Type Segment Analysis
Based on type, the selective laser sintering equipment market is bifurcated into metal and nylon. The metal segment dominated the market in 2022 and is projected to continue its dominance throughout the assessment period, due to the growing healthcare, automotive, and aerospace industries.
Metal is used in selective laser sintering, as it is highly resistant to heat and oxidation, which makes it ideal for producing medical tools. Moreover, the growing demand for heavy equipment and tools is projected to enhance the demand for metals, as it is used to produce strong and durable tools & machinery.
Laser Type Segment Analysis
In terms of laser type, the global market is categorized into solid laser and gas laser. The gas laser segment held a large share of the market in 2022, due to its ability to provide long emission wavelengths and high output power.
Gas laser has good optical absorptivity and is largely used for a variety of applications, such as holograms, measuring, metering, welding, and cutting metals. Gas lasers provide high-power lasers, which makes them suitable to sinter or fuse most polymeric materials.
Application Segment Analysis
Based on application, the selective laser sintering equipment market is segregated into tooling, heavy equipment and machinery, and robotics. The heavy equipment and machinery segment accounted for a major share of the market in 2022, due to the growing infrastructure and increasing industrialization in emerging nations. Selective laser sintering is utilized to create or produce heavy equipment and machinery by sintering and binding powdered material to create a solid structure.
The robotics segment is expected to grow at a robust pace during the forecast period, owing to the increasing adoption of automation and robotics in several manufacturing industries. Selective laser sintering equipment is used for prototyping robotic parts and gripping systems. It offers a cost-efficient alternative for the production of small and medium robotic parts, which enhances its demand in robotics.
End-user Segment Analysis
In terms of end-user, the global market is divided into consumer goods, art and fashion, automotive, aerospace, and medical devices. The consumer goods segment registered significant growth in 2022, due to the increasing disposable income and changing consumer behavior.
Selective laser sintering (SLS) equipment is widely used to design prototypes for several consumer goods, such as perfume bottles, washing machines, phone cases, dishwasher bodies, mixer grinders, and bicycles, which increases its adoption in consumer goods.
The medical devices segment is anticipated to grow at a rapid pace during the projection period, owing to the rising prevalence of chronic diseases, technological advancements, and increasing healthcare expenditure.
Selective laser sintering equipment is used to prototype and produce complex medical devices, such as hips, knees, and spine implants. Moreover, SLS equipment is used to create dental crowns for dentistry, which enhances their demand in medical devices.
Regional Outlook
Based on region, the selective laser sintering equipment market is categorized into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a large share of the market in 2022, due to technological advances in the aerospace sector and the presence of key market players, such as 3D Systems, Inc., Formlabs, and Sciaky Inc.
Moreover, the rising demand for industrial products is propelling the demand for selective laser sintering equipment, as it is used to produce industrial tools and machinery, such as tool bits for drilling machines, bearings, and other mechanical parts. For instance, the industrial products & services market in the US is expanding at a CAGR of 3.08%.
The market in Asia Pacific is projected to expand at a high CAGR in the coming years, owing to the growing additive manufacturing ecosystem and increasing adoption of SLS equipment in several industries. Moreover, governments in the region are stimulating the advancement of 3D printing technology, which propels the market.
Additionally, companies in the region are heavily investing in R&D activities to develop and launch dual-laser metal 3D printing systems. This is expected to boost the demand for selective laser sintering equipment. For instance,
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On May 11, 2022, Farsoon Technologies, a global manufacturer and supplier of industrial-level polymer and metal laser powder bed fusion (LPBF) systems, announced the launch of FS200Mx2, a dual-laser metal 3D printing platform in the market in AMEA and North America.
Segments
The selective laser sintering equipment market has been segmented on the basis of
Type
- Metal
- Nylon
Laser Type
- Solid Laser
- Gas Laser
Application
- Tooling
- Heavy Equipment and Machinery
- Robotics
End-user
- Consumer Goods
- Art and Fashion
- Automotive
- Aerospace
- Medical Devices
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 3D Systems, Inc.
- 3Dnatives
- Aerosint
- CRP TECHNOLOGY S.r.l.
- DMG MORI
- EOS
- Farsoon Technologies
- Formlabs
- igus
- Optomec, Inc.
- Prodways
- Proto3000
- Renishaw plc.
- Ricoh
- Sciaky Inc.
- Sharebot S.r.l
- Sintratec AG
- SLM Solutions
- TRUMPF
- Xact Metal, Inc.
- XYZprinting, Inc.
- ZRapid Tech
Competitive Landscape
Key players competing in the global market are 3D Systems, Inc.; 3Dnatives; Aerosint; CRP TECHNOLOGY S.r.l.; DMG MORI; EOS; Farsoon Technologies; Formlabs; igus; Optomec, Inc.; Prodways; Proto3000; Renishaw plc.; Ricoh; Sciaky Inc.; Sharebot S.r.l; Sintratec AG; SLM Solutions; TRUMPF; Xact Metal, Inc.; XYZprinting, Inc.; and ZRapid Tech.
These companies adopted development strategies, including collaborations, product launches, mergers, acquisitions, partnerships, and production expansion, to expand their consumer base worldwide. For instance,
-
On October 10, 2023, CRP TECHNOLOGY S.r.l., a manufacturer of industrial 3D printers, announced the launch of Windform TPU material for SLS 3D printing. Windform TPU is a rubber-like material suited for automotive interior components, gimbal bellows, air cleaner covers, hoses, grips, connectors, joints, and snap fits.
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On August 31, 2022, igus a Germany-based manufacturer and distributor of high-performance plastics products announced the launch of iglide i10, a powder for selective laser sintering (SLS). iglide i10 is self-lubricating and has wear resistance in moving mechanical components. It is also resistant to acids, bases, alcohols, greases, and oils.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Selective Laser Sintering Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Selective Laser Sintering Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Selective Laser Sintering Equipment Market - Supply Chain
4.5. Global Selective Laser Sintering Equipment Market Forecast
4.5.1. Selective Laser Sintering Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Selective Laser Sintering Equipment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Selective Laser Sintering Equipment Market Absolute $ Opportunity
5. Global Selective Laser Sintering Equipment Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Selective Laser Sintering Equipment Market Size and Volume Forecast by Types
5.3.1. Metal
5.3.2. Nylon
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Selective Laser Sintering Equipment Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Selective Laser Sintering Equipment Market Size and Volume Forecast by Applications
6.3.1. Tooling
6.3.2. Heavy Equipment and Machinery
6.3.3. Robotics
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Selective Laser Sintering Equipment Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Selective Laser Sintering Equipment Market Size and Volume Forecast by End Users
7.3.1. Consumer Goods
7.3.2. Art and Fashion
7.3.3. Automotive
7.3.4. Aerospace
7.3.5. Medical Devices
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Selective Laser Sintering Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Selective Laser Sintering Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Selective Laser Sintering Equipment Demand Share Forecast, 2019-2026
9. North America Selective Laser Sintering Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Selective Laser Sintering Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Selective Laser Sintering Equipment Market Size and Volume Forecast by Types
9.4.1. Metal
9.4.2. Nylon
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Selective Laser Sintering Equipment Market Size and Volume Forecast by Applications
9.7.1. Tooling
9.7.2. Heavy Equipment and Machinery
9.7.3. Robotics
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Selective Laser Sintering Equipment Market Size and Volume Forecast by End Users
9.10.1. Consumer Goods
9.10.2. Art and Fashion
9.10.3. Automotive
9.10.4. Aerospace
9.10.5. Medical Devices
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Selective Laser Sintering Equipment Demand Share Forecast, 2019-2026
10. Latin America Selective Laser Sintering Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Selective Laser Sintering Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Selective Laser Sintering Equipment Market Size and Volume Forecast by Types
10.4.1. Metal
10.4.2. Nylon
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Selective Laser Sintering Equipment Market Size and Volume Forecast by Applications
10.7.1. Tooling
10.7.2. Heavy Equipment and Machinery
10.7.3. Robotics
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Selective Laser Sintering Equipment Market Size and Volume Forecast by End Users
10.10.1. Consumer Goods
10.10.2. Art and Fashion
10.10.3. Automotive
10.10.4. Aerospace
10.10.5. Medical Devices
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Selective Laser Sintering Equipment Demand Share Forecast, 2019-2026
11. Europe Selective Laser Sintering Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Selective Laser Sintering Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Selective Laser Sintering Equipment Market Size and Volume Forecast by Types
11.4.1. Metal
11.4.2. Nylon
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Selective Laser Sintering Equipment Market Size and Volume Forecast by Applications
11.7.1. Tooling
11.7.2. Heavy Equipment and Machinery
11.7.3. Robotics
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Selective Laser Sintering Equipment Market Size and Volume Forecast by End Users
11.10.1. Consumer Goods
11.10.2. Art and Fashion
11.10.3. Automotive
11.10.4. Aerospace
11.10.5. Medical Devices
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Selective Laser Sintering Equipment Demand Share Forecast, 2019-2026
12. Asia Pacific Selective Laser Sintering Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Selective Laser Sintering Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Selective Laser Sintering Equipment Market Size and Volume Forecast by Types
12.4.1. Metal
12.4.2. Nylon
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Selective Laser Sintering Equipment Market Size and Volume Forecast by Applications
12.7.1. Tooling
12.7.2. Heavy Equipment and Machinery
12.7.3. Robotics
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Selective Laser Sintering Equipment Market Size and Volume Forecast by End Users
12.10.1. Consumer Goods
12.10.2. Art and Fashion
12.10.3. Automotive
12.10.4. Aerospace
12.10.5. Medical Devices
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Selective Laser Sintering Equipment Demand Share Forecast, 2019-2026
13. Middle East & Africa Selective Laser Sintering Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Selective Laser Sintering Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Selective Laser Sintering Equipment Market Size and Volume Forecast by Types
13.4.1. Metal
13.4.2. Nylon
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Selective Laser Sintering Equipment Market Size and Volume Forecast by Applications
13.7.1. Tooling
13.7.2. Heavy Equipment and Machinery
13.7.3. Robotics
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Selective Laser Sintering Equipment Market Size and Volume Forecast by End Users
13.10.1. Consumer Goods
13.10.2. Art and Fashion
13.10.3. Automotive
13.10.4. Aerospace
13.10.5. Medical Devices
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Selective Laser Sintering Equipment Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Selective Laser Sintering Equipment Market: Market Share Analysis
14.2. Selective Laser Sintering Equipment Distributors and Customers
14.3. Selective Laser Sintering Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. 3D Systems, Inc.
14.4.2. 3Dnatives
14.4.3. Aerosint
14.4.4. CRP TECHNOLOGY S.r.l.
14.4.5. DMG MORI
14.4.6. EOS
14.4.7. Farsoon Technologies
14.4.8. Formlabs
14.4.9. igus
14.4.10. Optomec, Inc.
14.4.11. Prodways
14.4.12. Proto3000
14.4.13. Renishaw plc.
14.4.14. Ricoh
14.4.15. Sciaky Inc.
14.4.16. Sharebot S.r.l
14.4.17. Sintratec AG
14.4.18. SLM Solutions
14.4.19. TRUMPF
14.4.20. Xact Metal, Inc.
14.4.21. XYZprinting, Inc.
14.4.22. ZRapid Tech
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