NEWARK, Del, May 04, 2023 (GLOBE NEWSWIRE) -- The global selective laser sintering (SLS) equipment market revenue is anticipated to reach US$ 4.2 billion by 2033, up from US$ 765 million in 2023. Future Market Insight estimated a remarkable CAGR of 18.6% for the market between 2023 and 2033.
SSLS 3D printing technology is capable of producing complex and customized products with unparalleled accuracy and precision. The demand for customized and complex parts is increasing across various industries. More effective and affordable SLS equipment has been developed as a result of the ongoing developments in additive manufacturing. SLS equipment is also deployed to produce medical implants and prosthetics. These factors are driving the SLS equipment market growth.
Download a Sample to understand Key Points on Various Market Segments and their impact in the Coming Years @
https://www.futuremarketinsights.com/reports/sample/rep-gb-17118
SLS technology is a sustainable and eco-friendly manufacturing process. Given the increasing focus on sustainability in various industries, this technology is gaining popularity. SLS equipment is also utilized for the production of functional parts, rather than just prototyping. Metal-based SLS printing is gaining popularity for high-performance applications. This type of SLS equipment has the ability to produce parts with high strength and durability.
The high initial investment required for setting up SLS equipment could be a barrier for small and medium-sized enterprises. The limited availability of raw materials for SLS printing could result in supply chain disruptions. Moreover, there is a shortage of skilled workforce with expertise in SLS equipment. These factors could affect the adoption of SLS 3D printers.
The market is projected to witness several growth prospects. The development of new and innovative SLS materials is likely to expand the SLS equipment applications in various industries. The integration of SLS technology with Industry 4.0 technologies is also expected to improve production efficiency and enable smart manufacturing. Furthermore, the education and research sectors are anticipated to witness a growing demand for SLS equipment for research and development.
Key Takeaways
- The SLS equipment market in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 17.6% through 2033.
- The market in the United States is expected to upsurge at 17.3% CAGR during the forecast period.
- With a CAGR of 17.9% over the forecast period, the market in Japan is predicted to develop rapidly.
- The market in China is expected to proliferate significantly, registering a CAGR of 19.6% from 2023 to 2033.
- South Korea is estimated to grow considerably registering a CAGR of 19% until 2033.
For Any Queries Linked with the Report, Ask our Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-17118
Competitive Landscape
Selective laser sintering equipment market players are investing in research and development to improve the efficiency of SLS equipment. They are also expanding their product portfolios and global footprint through strategic partnerships and acquisitions. They are also focusing on offering customized solutions to meet specific customer requirements. Since the demand for 3D printing is increasing in various industries, they are offering cost-effective and innovative solutions to attain a competitive edge.
Recent Developments
- In order to improve the development of materials for additive manufacturing, 3D Systems, and EMS GRILTECH announced their strategic alliance in June 2022. Both businesses are going to introduce a brand-new nylon copolymer called DuraForm PAx Natural, which can be utilized with any SLS printer on the market.
- Prodways Tech introduced the ProMaker P1000 S, a new industrial SLS 3D printer. The ProMaker P1000 S 3D printer, which is based on Selective Laser Sintering technology (SLS®), offers inexpensive series manufacturing while addressing the demands of industrial production.
Selective Laser Sintering Equipment Market Segmentation
By Laser Type:
- Solid Laser
- Gas Laser
By Material:
- Metal
- Nylon
By Application:
- Tooling
- Heavy Equipment & Machinery
- Robotics
By Industry:
- Automotive
- Aerospace & Aeronautics
- Consumer Goods
- Machinery & Equipment
- Art and Fashion
- Medical Devices
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa(MEA)
To Buy this Report Visit @ https://www.futuremarketinsights.com/checkout/17118
Table of Content
1. Executive Summary | Selective Laser Sintering Equipment Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Laser Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Laser Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Laser Type, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Laser Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Laser Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Material, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Material, 2023 to 2033
6.4. Y-o-Y Growth Trend Analysis By Material, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033
Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-17118
Explore FMI’s Extensive Coverage in Industrial Automation Domain:
USA Scroll Compressor Market Demand: Recent market analysis projects that the demand for scroll compressors in the USA is set to grow at a CAGR of 4.9% for the forecast period 2023 to 2033. It is anticipated to reach a valuation of about US$ 1,703.6 million by the end of the forecast period.
Robotic Grippers Market Analysis: The robotics gripper market is likely to capture a valuation of US$ 1.7 billion in 2023 and is predicted to reach US$ 4.3 billion by 2033. The market is registering a CAGR of 9.4% during the forecast period.
Underground Mining Equipment Market Growth: The underground mining equipment market is expected to expand its roots at a lower CAGR of 2.3% during the forecast period. The market is likely to hold a revenue of US$ 16.37 billion in 2023 while it is anticipated to cross a value of US$ 20.55 billion by 2033.
India Residential Solar Inverter Market Forecast: The India residential solar inverter market size is anticipated to expand with a year-on-year growth of 7.9% in 2023. It is projected to reach a valuation of about US$ 148.2 million by 2023.
Plate Heat Exchanger Market Research: The global plate heat exchanger market value reached US$ 3,961.7 million in 2022. Over the next ten years (2023 to 2033), global plate heat exchanger sales are likely to surge at 4.6% CAGR. The total market size will increase from 4,113.9 million in 2023 to US$ 6,463.9 million by 2033.
Downhole Tractor Market Revenue: The global downhole tractor market is anticipated at US$ 3.4 billion in 2022. The sector is gaining pace as companies provide technologically improved downhole tractors with various integrated technologies. As of 2023, the market is slated to reach US$ 3.5 billion, and will eventually reach US$ 5.8 billion. From 2023 to 2033, a CAGR of 5.2% is projected.
Marine Radar Market Sales: The market is estimated to garner US$ 2.4 billion in 2033, recording a CAGR of 5.5% from 2023 to 2033. The market is likely to secure US$ 1.4 billion in 2023. The Europe market is projected to expand significantly due to the rapid growth of the marine industry.
USA Hydrogen Electrolyzer Market Value: The USA hydrogen electrolyzer market size is projected to expand at a CAGR of 23.8% from 2023 to 2033. It is anticipated to reach a valuation of about US$ 790.8 million by 2033. The market is likely to cross a valuation of around US$ 93.2 million in 2023.
Power Management System Market Trends: Registering a Y-o-Y growth rate of 5.9%, the global power management system market is set to reach US$ 3,618.7 million in 2023. Between 2023 and 2033, global power management system sales are likely to increase at a healthy value CAGR of 6.6%. Total market valuation at the end of 2033 will cross around US$ 6,880.9 million.
Vertical Immersion Pumps Market Size: The global vertical immersion pump market is projected to expand, with a Y-o-Y growth of 3.7% in 2022. The market is likely to reach US$ 3,786.2 million in 2023.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
