Driving Innovation: Selective Laser Sintering Equipment Market Trends
The "Selective Laser Sintering Equipment Market by Material (Metal, and Nylon), Application (Tooling, heavy equipment & machinery, and Robotics), Industry (Consumer Goods, Automotive, Medical Devices), Laser Type, and Geography - Global Forecast to 2023," the SLS equipment market is estimated at USD 339.5 million in 2018 and is projected to reach USD 947.4 million by 2023. This substantial growth, at a CAGR of 22.8% from 2018 to 2023, reflects the increasing demand for both SLS equipment and materials. Specifically, the market for SLS and Direct Metal Laser Sintering (DMLS) equipment is expected to grow at an even faster rate, with a projected CAGR of 27.5% during the forecast period.
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This growth is driven by the expanding applications of SLS technology across various industries such as consumer goods, automotive, and medical devices, where precision and efficiency are paramount. Additionally, advancements in laser types and material capabilities are further propelling the market forward, making SLS an integral part of modern manufacturing and production processes.
The market for Selective Laser Sintering (SLS) equipment is experiencing significant growth due to rising demand across various end-user industries. Key sectors such as consumer goods, automotive, aerospace & aeronautics, machinery and equipment, healthcare and medical devices, and art and fashion are increasingly adopting SLS technology for creating prototypes. The ability of SLS equipment to produce high-precision and durable prototypes quickly and efficiently is driving its popularity. Industries benefit from the flexibility and cost-effectiveness of SLS technology, which allows for rapid prototyping and iterative design processes, ultimately leading to more innovative and refined products. This widespread adoption across diverse applications underscores the vital role of SLS equipment in modern manufacturing and product development.
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Nylon-based SLS equipment dominated the overall SLS equipment market in 2017
In 2017, nylon-based Selective Laser Sintering (SLS) equipment held the largest share of the overall SLS equipment market, driven by extensive use in the consumer goods and automotive industries. This dominance is attributed to nylon's versatility and reliability in creating high-quality prototypes. Industries utilize nylon-based SLS equipment for various applications, such as developing prototypes for GPS products, designing perfume bottles, and crafting exterior bodies for washing machines and dishwashers. However, metal-based SLS equipment is anticipated to exhibit the fastest growth during the forecast period, fueled by increasing demand for durable and precise components in sectors like aerospace and medical devices. The expanding application of SLS technology in prototyping and functional prototyping underscores its critical role in accelerating innovation and product development across diverse industries.
Driving Innovation: Selective Laser Sintering Equipment Market Trends
The "Selective Laser Sintering Equipment Market by Material (Metal, and Nylon), Application (Tooling, heavy equipment & machinery, and Robotics), Industry (Consumer Goods, Automotive, Medical Devices), Laser Type, and Geography - Global Forecast to 2023," the SLS equipment market is estimated at USD 339.5 million in 2018 and is projected to reach USD 947.4 million by 2023. This substantial growth, at a CAGR of 22.8% from 2018 to 2023, reflects the increasing demand for both SLS equipment and materials. Specifically, the market for SLS and Direct Metal Laser Sintering (DMLS) equipment is expected to grow at an even faster rate, with a projected CAGR of 27.5% during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27853684
This growth is driven by the expanding applications of SLS technology across various industries such as consumer goods, automotive, and medical devices, where precision and efficiency are paramount. Additionally, advancements in laser types and material capabilities are further propelling the market forward, making SLS an integral part of modern manufacturing and production processes.
The market for Selective Laser Sintering (SLS) equipment is experiencing significant growth due to rising demand across various end-user industries. Key sectors such as consumer goods, automotive, aerospace & aeronautics, machinery and equipment, healthcare and medical devices, and art and fashion are increasingly adopting SLS technology for creating prototypes. The ability of SLS equipment to produce high-precision and durable prototypes quickly and efficiently is driving its popularity. Industries benefit from the flexibility and cost-effectiveness of SLS technology, which allows for rapid prototyping and iterative design processes, ultimately leading to more innovative and refined products. This widespread adoption across diverse applications underscores the vital role of SLS equipment in modern manufacturing and product development.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=27853684
Nylon-based SLS equipment dominated the overall SLS equipment market in 2017
In 2017, nylon-based Selective Laser Sintering (SLS) equipment held the largest share of the overall SLS equipment market, driven by extensive use in the consumer goods and automotive industries. This dominance is attributed to nylon's versatility and reliability in creating high-quality prototypes. Industries utilize nylon-based SLS equipment for various applications, such as developing prototypes for GPS products, designing perfume bottles, and crafting exterior bodies for washing machines and dishwashers. However, metal-based SLS equipment is anticipated to exhibit the fastest growth during the forecast period, fueled by increasing demand for durable and precise components in sectors like aerospace and medical devices. The expanding application of SLS technology in prototyping and functional prototyping underscores its critical role in accelerating innovation and product development across diverse industries.
