SLS equipment market for robotics application to grow at highest CAGR during forecast period


Posted August 8, 2018 by poojapatange

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

 
The selective laser sintering (SLS) equipment market was valued at USD 274.3 million in 2017 and is projected to reach USD 947.4 million by 2023, for both equipment and material, growing at a CAGR of 22.8% during the forecast period, whereas the market for equipment, inclusive of SLS and DMLS, is projected to grow at a CAGR of 27.5% during the forecast period. The base year considered for the study is 2017, and the forecast period is from 2018 to 2023.

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Study Objectives

To define, describe, and forecast the SLS equipment market, in terms of value, by material, application, industry, and geography
To forecast the market size of segments with respect to 4 main regions - North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
To strategically profile key players and comprehensively analyze their market rank and core competencies, and detail the competitive landscape for market leaders
To analyze competitive developments such as acquisitions, new product launch and developments, and research and development (R&D) in the SLS equipment market

Major players in the SLS equipment market include 3D Systems Corporation (US), EOS GmbH (Germany), Farsoon Technologies (China), Prodways Group (France), Formlabs, Inc. (US), Sinterit sp. z o.o. (Poland), Renishaw Plc. (UK), Sintratec AG (Switzerland), Sharebot S.r.l. (Italy), Natural Robotics (Spain), Ricoh Company, Ltd. (Tokyo), Z Rapid Tech (China), Concept Laser GmbH (Germany), Aerosint (Belgium), XYZ Printing, Inc. (Taiwan), Dynamic Tools (Spain), Aspect Inc (Japan), and Red Rock SLS (Russia).

Nylon-based SLS equipment dominated the overall SLS equipment market in 2017

Among different material-based SLS equipment, nylon held the largest share of the overall SLS equipment market in 2017; whereas metal-based SLS equipment is expected to exhibit the fastest growth during the forecast period. Nylon-based SLS equipment is extensively used across consumer goods and automotive industries, which is responsible for its largest market size in 2017. SLS equipment is extensively used in prototyping and functional prototyping of consumer electronic devices e.g., developing prototypes for GPS products; designing perfume bottles; designing washing machines and dishwasher exterior bodies, among many others.

SLS equipment market for robotics application to grow at highest CAGR during forecast period

Until recently, robot makers have been constrained to use existing off-the-shelf parts. With the introduction of SLS printing, they can now design and print their own parts using affordable and free designing tools, as well as cost-effective SLS 3D equipment. The adoption of SLS equipment will continue to grow, and greater acceleration in robot building with SLS 3D equipment can be expected as it minimizes the costs of prototypes, and in many cases, final parts. The robotics application largely makes use of metal-based SLS equipment to create prototypes or detailed end products.

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Issued By Puja
Country United States
Categories Computers
Tags 3d printing , laser , robotics , selective laser sintering sls equipment market , sls equpment
Last Updated August 8, 2018