Selective Laser Sintering Equipment: Worldwide Market Outlook to 2023 - A $947 Million Opportunity
DUBLIN, Aug. 3, 2018 /PRNewswire/ --
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" report has been added to ResearchAndMarkets.com's offering.
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 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.
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.
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.
Key Topics Covered:
1 Introduction
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
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
4 Premium Insights
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
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
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
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
8.1 Introduction
8.2 Tooling
8.3 Heavy Equipment and Machinery
8.4 Robotics
9 SLS Equipment Market, By Industry
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
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
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
12.1 Introduction
12.2 Key Players
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.
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
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