PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159424
PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159424
Global Selective Laser Sintering Equipment Market Size, Share & Trends Analysis Report by Material (Metal, and Nylon), by Laser Type (Solid Laser and Gas Laser), by Application (Tooling, Heavy Equipment & Machinery, and Robotics), and by End-User (Consumer Goods, Automotive, Aerospace & Defense, and Medical Devices) Forecast (2022-2028)
The global selective laser sintering equipment market is anticipated to grow at an exponential CAGR of 22.3% during the forecast period. The selective laser sintering equipment are the most effective when it comes to printing metal parts due to which its demand increases in the global selective laser sintering equipment market during the forecast period. Many key players are introducing innovative laser sintering printers to contribute to the growth of the selective laser sintering equipment market. For instance, in December 2021, Prodways introduced a 3D SLS printer, the ProMaker P1000 S, at Formnext Digital Days which is designed to make SLS additive manufacturing more accessible. The ProMaker P1000 S is compatible with PA12, PA11, TPU, and PP, and it caters to a wider variety of applications, offering mass part design and greater repeatability to any user.
The global selective laser sintering equipment market is segmented based on the material, laser type, application, and end-user. Based on the material, the market is segmented into metal and nylon. Based on the laser type, the market is sub-segmented into solid laser and gas laser. Based on the application, the market is sub-segmented into tooling, heavy equipment & machinery, and robotics. Further, based on end-user, the market is sub-segmented into consumer goods, automotive, aerospace & defense, and medical devices. Based on the application segment, heavy equipment & machinery are expected to hold a considerable share in the market during the forecast period due to increasing demand for laser sintering equipment in heavy types of machinery.
Geographically market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is expected to be the fastest-growing region during the forecast period in the global selective laser sintering equipment market owing to the rising development of infrastructure with advanced systems and increasing infrastructural development activities with the support of governments, especially in the developing economies such as India is driving the growth of global selective laser sintering equipment market in Asia-Pacific region. For instance, in April 2022, Pune-based Marcopolo Products Ltd. is going to exhibit its 3D printing services, vacuum casting, soft tooling, and plastic injection molding and product assembly at Die & Mold Exhibition India 2022, which has been organized at Bombay Exhibition Center, Goregaon, Mumbai.
The major companies serving the global selective laser sintering equipment market include 3D Systems Corp., EOS GmbH Electro Optical Systems, Renishaw plc, Sintratec AG, Dynamic Tools Pvt Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, Marcopolo Products Ltd launched its innovative 3D printed injection mold which is capable of reducing the operational time from 4-6 weeks down to just 2 weeks.
Research Methodology
The market study of the global selective laser sintering equipment market is incorporated extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: