Global Selective Laser Sintering Equipment Market, By Material Type (Metal and Nylon), Laser Type (Solid Laser and Gas Laser), Application (Tooling, Heavy Equipment and Machinery and Robotics), End User (Consumer Goods, Art and Fashion, Automotive, Aerospace and Aeronautics and Medical Devices), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Selective Laser Sintering Equipment Market
Growth and expansion of semiconductors industry especially in the emerging ones, growing usage of selective laser sintering equipment by the aerospace and defense industry, surging product demand for implementation of industrial control systems, rising up gradation of existing infrastructure with advanced systems and increasing infrastructural development activities especially in the developing economies are the major factors attributable to the growth of selective laser sintering equipment market. Data Bridge Market Research analyses that the selective laser sintering equipment market will exhibit a CAGR of 23.40% for the forecast period of 2022-2029. Therefore, the selective laser sintering equipment market value would rocket up to USD 3,250.77 billion by 2029.
Selective laser sintering equipment is a three-dimensional printing technology that uses high power laser to sinter small particles of polymer powder into a solid structure. Selective laser sintering equipment is popular among the engineers and manufacturers that is used for prototyping of functional polymer components and for the small production of polymers.
Rising demand from the art and fashion industry and growth in the focus towards development in manufacturing design and necessity to accomplish production efficacy will emerge as the major market growth driving factors. Growing demand for tooling and manufacturing of heavy equipment applications, surging product adoption by the consumer goods industry, increasing initiatives by the government to promote awareness and introduce favourable policies, and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies, increase in the demand for healthcare and medical devices especially in the emerging economies and growing demand for optimum resource utilization will further carve the way for the growth of the market.
However, high costs associated with the research and development, dearth of standard process control and complexity in using selective laser sintering printing software will act as growth restraints for the market. Also, stringent regulatory framework and high risk associated with selective laser sintering equipment will further dampen the growth rate of the market. Large scale technological and infrastructural limitations in the underdeveloped economies and high deployment and maintenance costs will further challenge the market growth rate.
This selective laser sintering equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on selective laser sintering equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Selective Laser Sintering Equipment Market Scope and Market Size
The selective laser sintering equipment market is segmented on the basis of material type, laser type, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on material type, the selective laser sintering equipment market has been segmented into metal and nylon. Metal is further segmented into styrene based and aluminum filled. Nylon is further segmented into durable, glass filled and fiber filled.
- On the basis of laser type, the selective laser sintering equipment market has been segmented into solid laser and gas laser.
- Selective laser sintering equipment has also been segmented on the basis of application into tooling, heavy equipment and machinery and robotics.
- On the basis of end user, the selective laser sintering equipment market has been segmented into consumer goods, art and fashion, automotive, aerospace and aeronautics and medical devices.
Selective Laser Sintering Equipment Market Country Level Analysis
The selective laser sintering equipment market is analysed and market size, volume information is provided by country, material type, laser type, application and end user as referenced above.
The countries covered in the selective laser sintering equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the selective laser sintering equipment market will continue to flourish its trend of dominance during the forecast period owing to the increasing technological advancements and the high adoption of technology in a vast range of industries in the region. Asia-Pacific region will score the highest growth rate owing to the rising adoption by several verticals, such as consumer goods, healthcare, automotive, aerospace and jewellery in this particular region.
The country section of the selective laser sintering equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Selective Laser Sintering Equipment Market Share Analysis
The selective laser sintering equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to selective laser sintering equipment market.
Some of the major players operating in the selective laser sintering equipment market are 3D Systems, Inc., EOS GmbH Electro Optical Systems, Farsoon Technologies, Prodways Group, Aerosint, XYZprinting, Inc., Formlabs, Renishaw plc., Sintratec AG, Sharebot srl, DMG MORI CO., LTD., Natural Robotics, Ricoh India Ltd., ZRapidTech, Dynamic tools Pvt. Ltd., Aspect Inc., Red Rock SLS, Proto3000, 3Dnatives, SLM Solutions, Arcam, TRUMPF, Xact Metal, Inc., Optomec Inc., and Sciaky Inc., among others.
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