Selective Laser Sintering Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Selective Laser Sintering Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest

Selective Laser Sintering Equipment Market – Introduction

Selective Laser Sintering (SLS) is a form of Powder Bed Fusion (PBF), in which a base of powder polymer, metal or resin is targeted fully (melting) or partially (sintering) by high-power directional source of heat, like laser. This technique results into the formation of a solid layer of fused powder. Selective laser sintering is a process that is widely in the accelerating additive manufacturing field.

Adoption of selective laser sintering equipment is likely to grow, owing to the growing government investments in 3D printing projects and ability of these equipment to create parts with enhanced mechanical properties without any build support. These factors helped the selective laser sintering equipment market value roughly US$ 340 million in 2018. The selective laser sintering equipment is witnessing steady traction for creating prototypes across diverse industries.

Selective Laser Sintering Equipment Market – Notable Developments

Notable developments in the competitive landscape of selective laser sintering equipment market include:

  • In March 2019, a leading player in selective laser sintering equipment market, Sharebot, officially introduced its first metal 3D printing system named ‘metalONE’ at the Mecspe, Italy.
  • In February 2019, Belgium-based SLS 3D printer manufacturer Aerosint, and a metal processing company Aconity3D, joined hands to accelerate the development of Laser Powder Bed Fusion (LPBF) technology.
  • In February 2019, EOS GmbH, a leading Additive Manufacturing (AM) enterprise purchased the Texas-based powder bed fusion R&D startup Vulcan Labs to work on its product Integra P 400.
  • In January 2019, Jabil Inc. expanded its additive manufacturing capabilities by incorporating engineered materials to strengthen its 3D printing capabilities.
  • In June 2018, Prodways Group launched a compact 3D printer named ProMaker LD-3 to enable the production of professional-grade prototypes as well as compact designs.
  • In June 2018, 3D Systems Corporation introduced DMP Dental 100 and DMP Flex 100 3D printers for beginner-level metal 3D printing and dental applications.

Some of the most prominent competitors operating in the competitive landscape of global selective laser sintering equipment market include –

  • Prodways Group
  • Ricoh Company, Ltd.
  • Dynamic Tools
  • 3D Systems Corporation
  • Concept Laser GmbH
  • Jabil Inc.
  • Red Rock SLS
  • Formlabs, Inc.
  • Sharebot S.r.l.
  • EOS GmbH
  • Aspect Inc.
  • Farsoon Technologies
  • Natural Robotics
  • Renishaw Plc.
  • Sinterit sp. z o.o.,
  • Sintratec AG
  • Z Rapid Tech
  • Aerosint

Selective Laser Sintering Equipment Market Dynamics

Extensive Applications in Diverse Industry Auguring Well for Selective Laser Sintering Market

The wide adoption of selective laser sintering equipment in prototyping and functional prototyping of various consumer electronic devices, such as for creating prototypes for GPS products, has been driving growth in the market. Furthermore, selective laser sintering technology has paved way for new avenues in the automotive sector. This technology is bringing changes at every stage of the production of motor vehicles, ranging from functional prototyping phases, design, and production of tools to parts manufacturing. Moreover, the automotive sector is a pioneer in the leveraging 3D printing in its processes. Additionally, selective laser sintering equipment is also witnessing traction from the healthcare industry, wherein, this technology helps in creating tailored 3D printed medical devices, and patient-specific surgical simulation. The growing scope of selective laser sintering equipment in the healthcare sector, such as in medical products and dentistry, is likely to create lucrative growth opportunities for stakeholders.

Upward Adoption of Selective Laser Sintering Equipment for Robotics Application Driving Market Growth

Robot manufactures have been bound to using prevailing off-the-shelf parts until the emergence of selective laser sintering equipment. Now, robot makers are increasingly using selective laser sintering printing to design and print their own components and parts by leveraging cost-effective designing tools, and affordable SLS 3D equipment. Adoption of selective laser sintering equipment is likely to accelerate in robot making, as 3D equipment of this kind decreases the costs of prototypes, and at times of the final parts too. With manufacturers increasingly using metal-based selective laser sintering equipment for robotics application, the market is likely to grow in the forthcoming years.

Complex Nature of Selective Laser Sintering Equipment Inhibiting Market Growth

Lack of standard process control coupled with complexities associated with the use of selective laser sintering printing software is limiting the growth of the market. The highly complex nature of selective laser sintering equipment makes it risky for use, which is hampering the growth of stakeholders.

Selective Laser Sintering Equipment Market - Segmentation

Based on material, the selective sintering equipment market is segmented into:

  • Metal
  • Nylon

Based on application, the selective sintering equipment market is segmented into:

  • Heavy Equipment & Machinery
  • Tooling
  • Robotics

Based on industry, the selective sintering equipment market is segmented into:

  • Automotive
  • Medical Devices
  • Consumer Goods

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.