Global Selective Laser Sintering Equipment Market Size By Laser Type (Solid Laser, Gas Laser), By Material Type (Metal, Nylon), By Application (Tooling, Heavy Equipment And Machinery), By Industry (Automotive, Aerospace And Aeronautics), By Geographic Scope And Forecast

Selective Laser Sintering Equipment Market Size And Forecast

Selective Laser Sintering Equipment Market size was valued at USD 0.94 Billion in 2024 and is projected to reach USD 4.58 Billion by 2031, growing at a CAGR of 21.89% during the forecast period 2024-2031.

The growth of the Selective Laser Sintering Equipment Market is propelled by the increasing government investments in 3D printing projects and the ability of the SLS equipment to produce parts possessing good mechanical properties with no build support. The Global Selective Laser Sintering Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Selective Laser Sintering Equipment Market Definition

Selective laser sintering (SLS) is a type of 3D printing technology employed in the powder bed fusion process used for building a three-dimensional solid model. In SLS, a high-powered laser is used to harden and bond small grains of elastomer and nylon materials into layers in a three-dimensional structure. In SLS equipment, the laser beam collects detailed coordinates of the model from a CAD drawing, and as per the requirement, a powder bed is added. Once the layer is finished, again, the surface is powdered and this procedure is repeated until the model is completed.

The major benefit of this technique is it does not need the support structure that several other printing technologies require in order to prevent the design from caving in during production. Moreover, it allows the building of complex interior components and parts by eradicating the risk of damage. 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.

Global Selective Laser Sintering Equipment Market Overview

Increasing government investments in 3D printing may contribute to the growth of the Selective Laser Sintering Equipment Market, during the forecast period. The governing authorities across the globe are taking numerous initiatives and investing an immense amount to lift the adoption of 3D printing. For instance, in the UK, the government issued approximately USD 5.5 million for 3D printing. In Germany, the governing authorities suggested forming a new department that may work for the development of the country in the domain of emerging technologies such as 3D printing and industrial 4.0.

The National Additive Manufacturing Innovation Centre in China designated USD 132 million for R&D in the field of 3D printing. Moreover, the country also has the objective to install 3D printers in elementary schools. Thus, increasing government investments in 3D printing may contribute to the growth of the Selective Laser Sintering Equipment Market, during the forecast period. In addition, increasing demand for faster production may contribute to the growth of the Selective Laser Sintering Equipment Market, during the forecast period. Conventionally, the manufacturing of tools such as molds, jigs, fixtures, and other such tools used in the mass production of heavy equipment was expensive and time-consuming.

This process is changed completely by the implementation of 3D printing, as the tooling can be done cost-effectively on-site in lesser time. Moreover, the manufacturers can get the advantage of 3D printing as it helps in rapid prototyping and enables on-demand manufacturing instead of mass production and storage in the warehouse. Manufacturing can be faster and cheaper with the incorporation of 3D printing into the system. Thus, increasing demand for faster production may contribute to the growth of the Selective Laser Sintering Equipment Market, during the forecast period. However, the shrinking of parts may be a restraining factor for the growth of the Selective Laser Sintering Equipment Market, during the forecast period.

In SLS, the material used to form the 3D prototype is in powdered form and is usually made of nylon material. These powdered materials after being converted into prototypes get shrunk. This issue of shrinkage is compelled by various factors such as the type of powder used, the power level of the laser used in the process, and the cooling procedure used. The shrinkage does not occur in a symmetric manner, it can occur in any part. This issue can reduce the quality of the prototype made by the printer. Thus, the shrinking of parts may be a restraining factor for the growth of the Selective Laser Sintering Equipment Market, during the forecast period.

Global Selective Laser Sintering Equipment MarketSegmentation Analysis

<span data-sheets-userformat='{"2"12865,"3"{"1"0},"9"0,"12"0,"15""Calibri","16"12}' data-sheets-value='{"1"2,"2""Global Global Selective Laser Sintering Equipment Market Analysis\r\nAccording to Market Research,the Global Global Selective Laser Sintering Equipment Market was valued at USD 0.48 Billion in 2020 and is projected to reach USD 2.33 Billion by 2028, growing at a CAGR of 21.89 from 2021 to 2028.\r\nThe growth of the SLS equipment market is propelled by the increasing government investments in 3D printing projects and the ability of the SLS equipment to produce parts possessing good mechanical properties with no build support.\r\nGlobal Global Selective Laser Sintering Equipment Market Definition\r\nSelective laser sintering (SLS) is a type of 3D printing technology employed in powder bed fusion process used for building three dimensional solid model. In SLS, a high-powered laser is used to harden and bond small grains of elastomer and nylon materials into layers in a three-dimensional structure. In SLS equipment, the laser beam collects detailed coordinates of the model from a CAD drawing and as per the requirement powder bed is added. Once the layer is finished, again, the surface is powdered and this procedure is repeated until the model is completed. Major benefit of this technique is it does not need the support structure that several other printing technologies require in order to prevent the design from caving in during production. Moreover, it allows building complex interior components and parts by eradicating the risk of damage. 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.\r\nGlobal Global Selective Laser Sintering Equipment Market Overview\r\nIncreasing government investments in 3D printing may contribute in the growth of the selective laser sintering equipment market, during the forecast period. The governing authorities across the globe are taking numerous initiatives and investing immense amount to