Growing Demand for Additive Manufacturing in Various Industries Drives the Growth of Selective Laser Sintering Equipment Market
Global selective laser sintering equipment market is anticipated to grow at an exponential CAGR of 22.5% during the forecast period (2024-2031). Selective laser sintering is a manufacturing process that uses a laser as the power source to sinter powdered material, for instance, metal and nylon. The market growth is attributed to the rising tendency to use additive manufacturing technologies, the growing demand for customized and complex parts production, and the expanding application of SLS (Sodium Lauryl Sulfate) in the aerospace, automotive, and healthcare sectors. The market players are adopting several strategies, including partnerships, collaborations, funding, mergers and acquisitions, and the launch of new products, to stay competitive, which significantly contributes to market growth.
Browse the full report description of “Selective Laser Sintering (SLS) Equipment Market Size, Share & Trends Analysis Report by Material (Metal, and Nylon), by Laser Type (Solid Laser, Gas Laser), by Application (Tooling, Heavy Equipment & Machinery, and Robotics) by End-User (Consumer Goods, Automotive, Aerospace & Defense, and Medical Devices) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/selective-laser-sintering-equipment-market
Few Recent Development –
- In May 2023, 3D Systems announced its acquisition of Wematter, a Swedish 3D printer manufacturer, to expand its Selective Laser Sintering (SLS) product line, enhancing its market presence in aerospace additive manufacturing.
- In April 2023, From Glass to Metal: Aerosint explored the versatility of Selective Powder Deposition (SPD)for sinter intricate glass objects with the help of alumina beads as a non-fusible support powder.
- In June 2022, 3D Systems partnered with EMS GRILTECH for the improvement of additive manufacturing material development. Both companies planned to introduce a new nylon copolymer DuraForm PAx Natural- compatible with any Selective Laser Sintering (SLS) printer available commercially.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Material
o By Laser Type
o By Application
o By End User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- 3D Systems Corp., EOS GmbH, Formlabs GmbH, Proto Labs, Inc., Sintratec AG, and SLM Solutions Group AG
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Selective Laser Sintering Equipment Market Report Segment
By Material
- Metal
- Nylon
By Laser Type
- Solid Laser
- Gas Laser
By Application
- Tooling
- Heavy Equipment & Machinery
- Robotics
By End User
- Consumer Goods
- Automotive
- Aerospace & Defense
- Medical Devices
Global Selective Laser Sintering Equipment Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/selective-laser-sintering-equipment-market