The global Selective Laser Sintering (SLS) Equipment Market size is likely to be valued at USD 765 million in 2023. Increasing demand for selective laser sintering 3D printing technology across various industries is driving market growth. Therefore, FMI projects that the market revenue could surpass USD 4.2 billion by 2033, registering an astonishing CAGR of 18.6%.
Rising demand for selective laser sintering machinery in the consumer goods sector is a primary variable driving this market. SLS technology developments have made it feasible to print larger, more intricate components faster. The deployment of SLS equipment in the manufacture of consumer goods has now become more feasible as a result. Growing demand for medical and healthcare products is also forcing market expansion.
The increasing demand for 3D printing tools for robot construction is another factor propelling the market growth. The demand for SLS equipment is anticipated to boom as businesses begin to incorporate additive manufacturing into their processes. Consumers are now looking for different products that can be tailored to their own requirements given technological advancements.
SLS technology gives businesses the capacity to produce highly customized products with greater speed and accuracy. This cuts down on lead times and boosts customer satisfaction. To meet the rising demand for personalized goods, this has led to an increase in the number of businesses employing SLS technology.
Another factor boosting the SLS equipment market is the rising prevalence of additive manufacturing technologies in the aerospace and military industries. Since SLS technology can produce delicate components with exceptional accuracy and endurance, it is appealing to manufacturers of aerospace and defense products.
The market has had multiple issues that have limited its potential for expansion. The trouble of implementing SLS printing software is one such problem. This could prove difficult and call for specific expertise. The complex uses of SLS technology provide another difficulty.
Effective execution of this demands considerable experience. Inconsistencies in the quality of SLS products could stem from a lack of established process controls. This is another issue for market expansion.
Given the rising focus on research and development to enhance GPS product prototypes, the market is anticipated to witness growth opportunities. SLS technology has become an attractive option for industries looking to create highly customized and precise prototypes. The ability to produce prototypes rapidly and at a lower cost than traditional manufacturing methods has made SLS technology a popular choice in various industries.
| Attributes | Details |
|---|---|
| Base Year Value (2022) | USD 626 million |
| Current Year Value (2023) | USD 765 million |
| Expected Forecast Value (2033) | USD 4.2 billion |
| Historical CAGR (2018 to 2022) | 22.4% |
| Projected CAGR (2023 to 2033) | 18.6% |
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The market size is projected to grow by USD 3.4 billion between 2023 and 2033, surpassing the growth of USD 347.1 million observed between 2018 and 2022.
The market has experienced faster growth between 2018 and 2022. The increasing demand for prototyping and manufacturing in industries has primarily fueled market expansion during this period.
The freedom from the hassle of making molds for the prototype model of the parts is one of the growth-promoting elements. Additionally, one of the primary influences of selective laser sintering equipment demand is the cost of deployment. Additionally, the accurate model build-up without build help is also favoring selective laser sintering market expansion.
The selective laser sintering equipment market is expected to have significant potential prospects between 2023 and 2033 when it is projected to increase by 5.5X.
Short Term (2023 to 2026): SLS equipment demand is increasing in the healthcare industry. SLS equipment is ideal for complex and customized medical devices. Moreover, demand for prototyping in the aerospace and automotive industries is growing. SLS technology is widely used for prototyping. These aspects are likely to favorably impact the market during this timeframe
Medium Term (2026 to 2029): Manufacturers are developing new materials and techniques for SLS. Advancements in SLS technology are likely to open new applications and opportunities. Industry 4.0 adoption is expected to increase demand for SLS equipment. SLS equipment can be integrated with Industry 4.0 tech to produce complex and customized products.
Long Term (2029 to 2033): SLS equipment plays a significant role in sustainable manufacturing. SLS equipment has the potential to use recycled materials, reduce waste, and improve energy efficiency. Furthermore, selective laser sintering 3D printer is increasingly being adopted in consumer products. SLS equipment can produce complex and customized products, which is desirable in the consumer products industry. These factors are expected to drive demand for SLS equipment in the long term.
| Country | United States |
|---|---|
| Historical CAGR (2018 to 2022) | 20.7% |
| Forecasted CAGR (2023 to 2033) | 17.3% |
| Projected Market Value (2033) | 1.3 billion |
| Country | United Kingdom |
|---|---|
| Historical CAGR (2018 to 2022) | 21.1% |
| Forecasted CAGR (2023 to 2033) | 17.6% |
| Projected Market Value (2033) | 195 million |
| Country | China |
|---|---|
| Historical CAGR (2018 to 2022) | 24.1% |
| Forecasted CAGR (2023 to 2033) | 19.6% |
| Projected Market Value (2033) | 359.6 million |
| Country | Japan |
|---|---|
| Historical CAGR (2018 to 2022) | 21.5% |
| Forecasted CAGR (2023 to 2033) | 17.9% |
| Projected Market Value (2033) | 303.8 million |
| Country | South Korea |
|---|---|
| Historical CAGR (2018 to 2022) | 23.2% |
| Forecasted CAGR (2023 to 2033) | 19.0% |
| Projected Market Value (2033) | 169.4 million |
The United States selective laser sintering equipment market now controls the global market and is likely to keep its pattern of dominance throughout the forecast period. The driving forces behind this upsurge are the nation's rapidly developing technology and strong adoption of it across different industries. The increasing demand for lightweight and complex structures in the aerospace and automotive industries is driving the demand for SLS 3D equipment in the country.
The government has been investing heavily in the aerospace and defense industries. The United States Census Bureau projects that the country's aerospace products and component production could produce around USD 264.4 billion in sales by 2024. Several aerospace businesses in the nation also adopt this equipment to promote effective manufacturing. NASA has been using 3D printing for years to make prototypes, working parts, and construction systems for the Moon and Mars.
Companies in the country are working together strategically to provide their products to a larger client base. For instance, in May 2022, United States-based Essentium Inc. teamed up with blue laser solution supplier Nuburu to build a platform for metal additive manufacturing that uses blue lasers.
The growing demand for 3D printing technology in various industries is driving the United Kingdom selective laser sintering equipment market. Additionally, the increasing investments by government and private organizations are expected to further drive market growth.
The 3D printing advancement and selective laser sintering applications have been encouraged by the government. For instance, the government has started several programs to aid the development of the 3D printing sector in the nation. This includes the Additive Manufacturing National Strategy and the United Kingdom Research and Innovation (UKRI) Challenge Fund.
The leading market players have been concentrating on research and development in recent years to introduce revolutionary products. At its global technology center in the United Kingdom, GKN Aerospace installed the RenAM 500 Flex in July 2022 to broaden its selection of metal additive manufacturing equipment. It seems probable that the four-laser RenAM 500Q Flex could improve SLS additive manufacturing for aerospace applications.
SLS equipment is gaining popularity in China given its ability to produce high-precision and complex parts. The China selective laser sintering equipment market has been growing rapidly in the past few years. The government has been dynamically stimulating the advancement of 3D printing technology in the country. It has offered subsidies and exemptions from taxes to promote the deployment of 3D printing technology across several industries.
The market in China has witnessed several developments and product launches by key players lately. Farsoon Technologies announced in May 2022 that its FS200Mx2 metal 3D printing platform is scheduled to go on sale in the Asia Pacific market commencing in China. The machine, the latest model in Farsoon's line of medium-sized metal laser powder bed fusion equipment, has a construction volume of 425 x 230 x 300 mm and two 500-watt lasers configured in a dual configuration.
The growing adoption of SLS technology in automotive, aerospace, and medical industries is fueling the Japan selective laser sintering equipment market expansion. In the creation of the automated industrial economy, Japan has been a leader. Through its industrial center, the nation is now able to supply diverse factory automation items to other countries. Japan has a lot to gain from the Fourth Industrial Revolution. Government initiatives and Industry 4.0 together are expected to provide growth opportunities for SLS equipment manufacturers
Companies around the nation are deliberately collaborating to provide their products to a wider customer base. In May 2021, Farsoon Technologies established an alliance with Japan 3D Printer Co., Ltd. to expand its channels of distribution into Japan. To provide the Japanese market with a high-quality, completely open, and revolutionary additive manufacturing solution, Japan 3D Printer Co., Ltd is going to distribute Farsoon's SLS 3D printing equipment.
With a sizable industrial sector, South Korea's economy is among those in the Asia Pacific which is growing significantly. The country has a high demand for SLS equipment given the increasing adoption of additive manufacturing technologies in various industries. The rising demand for lightweight and high-strength materials in several industries is driving the South Korea selective laser sintering equipment market.
The South Korean government announced in April 2017 that it plans to spend an amount of USD 37 million on the advancement of 3D printing. The funding is going to come from South Korea's Ministry of Science, ICT, and Future Planning (MSIP), with the primary objective of helping the country's military sector along with the expanding additive manufacturing sector.
Principal Consultant
| Segment | Material |
|---|---|
| Top Sub-segment | Metal |
| Historical CAGR (2018 to 2022) | 22.3% |
| Forecasted CAGR (2023 to 2033) | 18.5% |
| Segment | Industry |
|---|---|
| Top Sub-segment | Consumer Goods |
| Historical CAGR (2018 to 2022) | 22.2% |
| Forecasted CAGR (2023 to 2033) | 18.4% |
The market is dominated by the metal segment since it has certain unique properties which are essential in the manufacturing industry. Metal SLS equipment has a high level of accuracy and precision.
This makes it suitable for producing complex geometries and intricate designs. Nylon SLS equipment cannot create products with this level of accuracy. Consequently, the aerospace, medical, and automotive sectors often opt for this material.
For low-volume, high-value products, metal 3D printing is a more effective and economical production technique. Traditional manufacturing techniques are less cost-effective since they require expensive tooling and equipment. With the use of metal 3D printing, components can be manufactured on demand. This eliminates the necessity for tooling and cuts down on lead times and expenses.
The consumer goods industry dominates the market since it is used in the production of several products that are used by consumers regularly. It is frequently utilized for creating prototypes and functioning prototypes of consumer electronics items. This includes creating prototypes for GPS products, designing perfume bottles, and creating external bodies for washing machines and dishwashers.
SLS technology also makes it possible to produce goods in little quantities for a reasonable price. Its low cost makes it a feasible choice for small and medium-sized businesses. Additionally, there is an enormous demand for innovation and customization in the consumer products sector.
This includes personalized phone cases, jewelry, and fashion accessories. SLS enables intricate forms, patterns, and shapes. This cannot be accomplished using conventional production procedures. This could potentially be satisfied with the help of SLS technology. As a result, the consumer products sector has been instrumental in the market expansion.
Market players are always trying to develop new products and improve the existing ones to meet the changing preferences of customers. They work diligently to offer higher-quality products and solutions to their customers. They aim to make their business processes more efficient while yet being competitive in their respective industries. They also make huge investments in these areas and offer pioneering solutions to meet the demands of customers in various industries.
3D Systems Corporation: It is a United States-based company that specializes in additive manufacturing solutions. Its product portfolio includes 3D printers, materials, software, and services.
EOS GmbH: It is a Germany-based company that specializes in industrial 3D printing technology. The company offers different 3D printing systems and materials, including metal and polymer powders, selective laser sintering machines, and software for design and production control.
Formlabs, Inc.: It is a United States-based business that creates desktop 3D printers, components, and software for experts and amateurs. It provides several 3D printers, such as Form 3 and Form 3L, which make use of cutting-edge SLA technology.
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North America is anticipated to account for 35.5% of the global market in 2023.
Asia Pacific is expected to be valued at USD 4.1 billion by 2033.
China's SLS equipment market is expected to increase at an exponential rate.
Rising 3D printing demand and expanding SLS usage in the medical and automotive industries.
Demand for high-performance parts and increased SLS use in consumer products.
1. Executive Summary | Selective Laser Sintering Equipment Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Laser Type 5.1. Solid Laser 5.2. Gas Laser 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Metal 6.2. Nylon 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Tooling 7.2. Heavy Equipment & Machinery 7.3. Robotics 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry 8.1. Automotive 8.2. Aerospace & Aeronautics 8.3. Consumer Goods 8.4. Machinery & Equipment 8.5. Art and Fashion 8.6. Medical Devices 8.7. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. 3D Systems Corporation 17.2. EOS GmbH 17.3. Farsoon Technologies 17.4. Prodways Group 17.5. Formlabs, Inc 17.6. Sinterit sp. z o.o. 17.7. Renishaw Plc 17.8. Sintratec AG 17.9. Sharebot S.r.l. 17.10. Natural Robotics 17.11. Ricoh Company, Ltd 17.12. Z Rapid Tech 18. Assumptions & Acronyms Used 19. Research Methodology
Industrial Automation
May 2024
REP-LA-68
221 pages
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Selective Laser Sintering Equipment Market
