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

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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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.

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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.

China's really putting money into 3D printing! The National Additive Manufacturing Innovation Centre just earmarked a cool USD 132 million for research and development. Plus, get thisthey want to put 3D printers in elementary schools! So, all this government investment could really help the Selective Laser Sintering Equipment Market take off. And, you know, everyone wants things faster these days, so that demand for speed could also boost the market. Think about itmaking molds, jigs, and fixtures the old way for big stuff was super expensive and took forever.

3D printing? It's a total game changer! Now, you can do all the tooling you need right there and it won't break the bank, plus it's way faster. And for manufacturers, it's like hitting the jackpot. Think rapid prototyping and making stuff only when you need it – on-demand manufacturing, no more warehousing headaches! This makes manufacturing faster and cheaper. So, with everyone wanting things yesterday, that's probably gonna boost the Selective Laser Sintering Equipment Market. But hey, things aren't always perfect, right? The shrinking of parts might slow things down a bit.

With Selective Laser Sintering (SLS), we're talking about 3D printing using powders, often nylon. But here's the thingafter these powders are transformed into a prototype, they tend to shrink. This shrinkage is a real headache, influenced by things like the type of powder, the laser's power, and even how it's cooled down. And it's not uniform shrinkage either – it can happen anywhere on the prototype! This issue can really affect the quality of what you're printing. So, this shrinking problem could actually be a restraining factor for the growth of the Selective Laser Sintering Equipment Market in the future.

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 lift 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 to form 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 have the objective to install 3D printers in elementary schools. Thus, increasing government investments in 3D printing may contribute in the growth of the selective laser sintering equipment market, during the forecast period.\r\nIn addition, increasing demand for faster production may contribute in 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 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 advantage of 3D printing as it helps in rapid prototyping and enables on-demand manufacturing instead of mass production and storage in warehouse. The manufacturing can be faster and cheaper by incorporation of 3D printing in the system. Thus, increasing demand for faster production may contribute in the growth of the selective laser sintering equipment market, during the forecast period.\r\nHowever, 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 are in powdered form and are usually made by nylon material. These powdered materials after being converted into prototype get shrunk. This issue of shrinkage is compelled by various factors such as type of powder used, the power level of the laser used in the process, and cooling procedure used. The shrinkage does not occur in the symmetric manner, it can occur in any part. This issue can reduce the quality of the prototype made by the printer. Thus, shrinking of parts may be a restraining factor for the growth of the selective laser sintering equipment market, during the forecast period.\r\nGlobal Global Selective Laser Sintering Equipment MarketSegmentation Analysis\r\nThe Global Global Selective Laser Sintering Equipment Market is segmented based on Laser Type, Material Type, Application, Industry, and Geography.\r\nGlobal Global Selective Laser Sintering Equipment Market by Laser Type\r\n•\tSolid Laser\r\n•\tGas Laser\r\nBased on Laser Type,the market is bifurcated into Solid Laser and Gas Laser. The Solid Laser SLS equipment is expected to achieve significant growth rate during the forecast period. A solid-state laser is a laser that uses a gain medium that is a solid, rather than a liquid as in dye lasers or a gas as in gas lasers. Semiconductor-based lasers are also in the solid state, but are generally considered as a separate class from solid-state lasers.\r\nGlobal Global Selective Laser Sintering Equipment Market by Material Type\r\n•\tMetal\r\n•\tNylon\r\nBased on Material Type, the market is bifurcated into Metal and Nylon. The metal-based SLS equipment is expected to achieve significant growth rate during the forecast period. Owing to the 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.\r\nGlobal Global Selective Laser Sintering Equipment Market by Application\r\n•\tTooling\r\n•\tHeavy Equipment & Machinery\r\n•\tRobotics\r\nBased on Application, the market is bifurcated into Tooling, Heavy Equipment & Machinery, and Robotics. The Tooling SLS equipment is expected to achieve significant growth rate during the forecast period. Tooling, also known as machine tooling, is the process of acquiring the manufacturing components and machines needed for production. The common categories of machine tooling include fixtures, jigs, gauges, molds, dies, cutting equipment and patterns.\r\nGlobal Global Selective Laser Sintering Equipment Market by Industry\r\n•\tAutomotive\r\n•\tAerospace & Aeronautics\r\n•\tConsumer Goods\r\n•\tMachinery & Equipment\r\n•\tArt and Fashion\r\n•\tMedical Devices\r\n•\tOthers\r\nBased on Industry, the market is bifurcated into Automotive, Aerospace & Aeronautics, Consumer Goods, Machinery & Equipment, Art and Fashion, Medical Devices, and Others. The SLS equipment market, by industry, was dominated by consumer goods in 2017. SLS equipment is extensively used in the 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; designing mobile phone accessories such as phone cases and connectivity cables; designing toys; designing mixer grinders; designing bicycles; designing parts of consumer electronic devices; and designing audio and visual product prototypes. Key players such as EOS, 3D Systems, Farsoon, and Ricoh offer SLS equipment that is being widely used in the consumer goods industry.\r\nGlobal Global Selective Laser Sintering Equipment Market by Geography\r\n•\tNorth America\r\n•\tEurope\r\n•\tAsia Pacific\r\n•\tRest of the world\r\nOn the basis of regional analysis, the Global Global Selective Laser Sintering Equipment Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America held the largest share of the SLS equipment market in 2017. Technological advancements and the growing adoption of technology in a vast range of industries contribute to the largest share of North America. The SLS equipment market in APAC is expected to grow at the highest market rate 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.\r\n"}'>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, which was worth USD 0.48 Billion in 2020, is expected to balloon to USD 2.33 Billion by 2028! That's a pretty significant jump, with an estimated CAGR of 21.89% from 2021 to 2028. What's driving this growth, you ask? Well, it's partly due to governments investing more and more in 3D printing projects. Plus, SLS equipment is great because it can create parts with excellent mechanical properties, and you don't even need build supports!\r\nGlobal Global Selective Laser Sintering Equipment Market Definition\r\nSo, what exactly is selective laser sintering (SLS)? It's basically a type of 3D printing tech that uses a powder bed fusion process to create solid, three-dimensional objects. Imagine a high-powered laser hardening and bonding tiny bits of elastomer and nylon materials, layer by layer, to build a 3D structure. In SLS equipment, the laser gets its instructions from a CAD drawing, following detailed coordinates to create the model. Powder is added as needed, layer by layer, until the whole thing is done. A huge advantage of SLS is that it doesn't require support structures like other printing methods, preventing designs from collapsing during production. It also lets you build complex interior parts without worrying about damage! You'll find SLS equipment widely used for prototyping, especially in consumer electronics – think GPS prototypes, perfume bottle designs, or even washing machine exteriors.\r\nGlobal Global Selective Laser Sintering Equipment Market Overview\r\nLooking ahead, the selective laser sintering equipment market is expected to grow, largely thanks to increasing government investments in 3D printing. Governments worldwide are launching initiatives and pouring money into this area, which should fuel market growth."}'>Global Selective Laser Sintering Equipment Market AnalysisMarket Research says the global market, valued at USD 0.48 Billion in 2020, is predicted to reach USD 2.33 Billion by 2028, growing at a CAGR of 21.89% from 2021. This growth is fueled by increasing government investments in 3D printing projects and the ability of SLS equipment to produce parts with good mechanical properties without build supports. Global Selective Laser Sintering Equipment Market DefinitionSelective laser sintering (SLS) is a 3D printing tech using a powder bed fusion process to build three-dimensional solid models. A high-powered laser hardens and bonds small grains of elastomer and nylon into layers. SLS equipment uses a laser beam guided by CAD drawings, adding powder as needed layer by layer. A major benefit is that it doesn't need support structures like other printing technologies, allowing complex interior components and parts to be built without risk of damage. SLS equipment is used extensively for prototyping consumer electronic devices, like GPS prototypes, perfume bottles, and washing machine exteriors. Global Selective Laser Sintering Equipment Market OverviewIncreasing government investments in 3D printing should help the selective laser sintering equipment market grow during the forecast period. Governments are taking initiatives and investing heavily.

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