Selective Laser Sintering Equipment Market To Reach USD 2 Billion By 2027

Global Selective Laser Sintering Equipment Market: Key Highlights

According to the new market research report “Selective Laser Sintering Equipment Market by Laser (CO2, Nd:YAG, Fiber), by Material (Nylon, Alumide, Carbonamide, Polyether block Amide, Others), by End User (Automotive, Aerospace and Defence, Manufacturing, Healthcare, Other), by Region (Asia Pacific, Europe, Middle East and Africa, South America, North America) – Global Forecast (2019 to 2027)”, the global selective laser sintering equipment market is estimated to reach USD 2 Billion by 2027 at a CAGR of 22.5% during forecast period 2019-2027.
Increasing investment in 3D printing, growing demand for rapid production in manufacturing sector, are few factors among others, which are expected to drive the selective laser sintering equipment market during the forecast period.
However, shrinkage issue in the prototypes produced is expected to retrain the growth of the market during the forecast period.

Selective Laser Sintering Equipment Market

Global: Key Market Dynamics

Increasing government investments in 3D printing is expected to drive the market of selective laser sintering equipment, as the governing authorities of all the major countries are pushing industries to inculcate 3D printing into existing system.
Increasing demand for rapid production is expected to drive the market as the manufacturers needs faster and cost effective process for tooling of equipment and for rapid prototyping, this can be achieved by incorporating 3D printers.
Shrinkage Issue in Parts is expected to restrain the market as the prototype produced shrinks after cooling asymmetrically which affects the quality of the product.
SLS with improved controlled heating mechanism is expected to rise the market in near future as the existing design heats up when in continuous operation.

Global Selective Laser Sintering Equipment Market: Regional Overview

Europe

The selective laser sintering equipment market indicates striking surge in the European region. In Germany, additive manufacturing and 3D printing are considered as the emerging technologies, which are very important for the growth of the nation. The BMW plant situated in Munich uses 3D printing and additive manufacturing processes with metal. Moreover, in the Netherlands, BAM Infra bv and Saint-Gobain Weber Beamix have collaborated to start world’s first house 3D printing factory.

Thus, such expanding adoption of the 3D printing technology in the region can surge the demand for selective laser sintering equipment.

Asia-Pacific

Asia-pacific is likely to be swiftly expanding market in the selective laser sintering equipment. In Asia-pacific region, the largest market share is considered to be covered by China, as the governing authorities of the country are supporting the 3D printing industry to great extent. In 2015 and 2016, the China government introduced National 3D Printing Industry Development Promotion Plan to promote and commercialize 3D printing. Korean government introduced a 3D printing roadmap to assist industry players in adopting 3D printing into existing system. Moreover, in August 2019, GE additive signed a Memorandum of Understanding with the New South Wales Government regarding developing a 3D printing aerospace center at the Western Sydney Aerotropolis.

Thus, such growing interest of the governing authorities in the 3D printing technology can surge the demand for selective laser sintering equipment in the region.

Global Selective Laser Sintering Equipment Market: Key Players Overview

3D Systems, Inc.:

3D Systems, Inc. is a US-based company that designs, produces, and supplies 3D printers. The company portfolio comprises of 3D printers, on demand parts, software, solutions, and services. In selective laser sintering printers, it provides four variants: ProX SLS 6100, sPro 60 HD-HS, sPro 140, and sPro 230. In 2018, the company installed Italy’s first SLS 3D printer in Italian service bureau ZARE, to strengthen the position in the Italian market.

Farsoon Technologies:

Farsoon Technologies is a China-based that provides complete solution of industrial grade plastic laser sintering and metal laser melting systems. The product portfolio consists of additive manufacturing systems solutions, industry specific solutions, service and support for the customer requirement. In October 2019, the company through its Europe-based subsidiary signed an agreement with Rapid Manufacturing AG to conduct beta testing of Farsoon’s Flight technology, which is an additive manufacturing process engineered to intensify the capacity of plastic laser sintering.

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