Selective Laser Sintering (SLS) equipment market is anticipated to grow at a significant CAGR of 22.5% during the forecast period (2024-2031). SLS is an additive manufacturing (AM) technology that uses a high-power laser to sinter small particles of polymer powder into a solid structure based on a 3D model. The growing demand for additive manufacturing technology in robotics and heavy machinery manufacturing is a key factor driving the growth of the global SLS equipment market. However, the high costs for research and development, and the complexity associated with using SLS equipment are the factors that are expected to hinder the growth of the global SLS equipment market during the forecast period.
Market Dynamics
Growing Customization Demand
The growing demand for machinery customization and personalization across several end-user industries is a key factor driving the growth of the global SLS equipment market. Customers are increasingly seeking products tailored to their specific needs and preferences. This factor is promoting manufacturers to adopt SLS equipment for the on-demand production of highly intricate and bespoke components. This trend not only satisfies customers but also enables manufacturers to differentiate their offerings in the competitive market.
Sustainability in 3D Printing
SLS is a more environmentally friendly manufacturing method for 3D printing. Its precision often leads to less waste when compared to traditional manufacturing since only the necessary material is sintered by the laser. Furthermore, many SLS materials can be reused or recycled. The technology fits neatly into the concept of on-demand manufacturing, where items are produced only as needed, reducing the carbon footprint associated with mass production and inventory. The growing adoption of SLS equipment to reduce their carbon footprints is a key factor driving the global market growth.
Market Segmentation
Aerospace & Defense Holds Considerable Share Based on End-User
The increased usage of SLS equipment by the aerospace and defense industry to meet rising demand for lightweight parts & components for aircraft manufacturing & designing is driving the growth of this market segment. In October 2023, Airbus Helicopters announced the use of 3D printers from TRUMPF to manufacture components for its helicopters, as well as for aircraft from the parent company Airbus, as the aerospace company expands its AM capabilities with a new 3D-printing center in Donauwörth, Germany. The 3D-printing process using TRUMPF’s equipment will reduce the weight of components. This, in turn, helps operators reduce fuel consumption, and by extension, costs.
Regional Outlook
The global selective laser sintering equipment market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Robotic industry: Lucrative Application Area in Asia-Pacific
The growing robotics industry of Asia-Pacific is anticipated to offer lucrative opportunities for the growth of the regional market. According to the International Federation of Robotics (IFR), Asia is expected to lead the global industrial robot market in 2023, with 73.0% of new installations, compared to 15.0% in Europe and 10.0% in the Americas. The IFR also predicts that the market will grow by 7.0% to over 590,000 units worldwide.
Global SLS Equipment Market Growth by Region 2024-2031
North America Holds Major Market Share
The regional market share is attributed to the ongoing technological advancements across the region. For instance, in January 2023, 3DM Digital Manufacturing unveiled a new technology that enables adopters to tune their SLS 3D printing laser to work with a specific material or application. This technology is expected to facilitate varied 3D printing use cases where customization is key.
According to the Association for Advancing Automation (A3), North American robot sales in 2023 dropped 30.0% from 2022 to 31,200 units. This was the largest drop in percentage terms since 2006 and the largest drop-in net units ever. The sales were almost evenly split between automotive (15,700) and non-automotive (15,400). The declining sales of robots across North America may negatively impact the regional market growth.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the selective laser sintering equipment market include 3D Systems Corp., EOS GmbH, Formlabs GmbH, Proto Labs, Inc., Sintratec AG, and SLM Solutions Group AG among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
Recent Development
The Report Covers
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industrial Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. 3D Systems Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. EOS GmbH
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Sintratec AG
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global SLS Equipment Market by Material
4.1.1. Metal
4.1.2. Nylon
4.2. Global SLS Equipment Market by Laser Type
4.2.1. Solid Laser
4.2.2. Gas Laser
4.3. Global SLS Equipment Market by Application
4.3.1. Tooling
4.3.2. Heavy Equipment & Machinery
4.3.3. Robotics
4.4. Global SLS Equipment Market by End-User
4.4.1. Consumer Goods
4.4.2. Automotive
4.4.3. Aerospace & Defense
4.4.4. Medical Devices
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. 3Dnatives
6.2. Aerosint SA
6.3. DMG MORI. CO., LTD.
6.4. Eplus3D
6.5. Farsoon Technologies
6.6. Formlabs GmbH
6.7. Proto Labs, Inc.
6.8. Proto3000
6.9. Ricoh Company, Ltd.
6.10. Sciaky, Inc.
6.11. SHAREBOT S.R.L.
6.12. SLM Solutions Group AG
6.13. TRUMPF SE + Co. KG.
6.14. Xact Metal, Inc.
6.15. XYZprinting, Inc.
6.16. Materialise NV
1. Global SLS Equipment Market Research And Analysis By Material, 2023-2031 ($ Million)
2. Global Metal SLS Equipment Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Nylon SLS Equipment Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global SLS Equipment Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
5. Global Solid Laser SLS Equipment Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Gas Laser SLS Equipment Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global SLS Equipment Market Research And Analysis By Application, 2023-2031 ($ Million)
8. Global SLS Equipment For Tooling Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global SLS Equipment For Heavy Equipment & Machinery Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global SLS Equipment Market Research And Analysis By End-User, 2023-2031 ($ Million)
11. Global SLS Equipment In Consumer Goods Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global SLS Equipment In Automotive Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global SLS Equipment In Aerospace & Defense Market Research And Analysis By Region, 2023-2031 ($ Million)
14. Global SLS Equipment In Medical Devices Market Research And Analysis By Region, 2023-2031 ($ Million)
15. Global SLS Equipment Market Research And Analysis By Region, 2023-2031 ($ Million)
16. North American SLS Equipment Market Research And Analysis By Country, 2023-2031 ($ Million)
17. North American SLS Equipment Market Research And Analysis By Material, 2023-2031 ($ Million)
18. North American SLS Equipment Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
19. North American SLS Equipment Market Research And Analysis By Application, 2023-2031 ($ Million)
20. North American SLS Equipment Market Research And Analysis By End-User, 2023-2031 ($ Million)
21. European SLS Equipment Market Research And Analysis By Country, 2023-2031 ($ Million)
22. European SLS Equipment Market Research And Analysis By Material, 2023-2031 ($ Million)
23. European SLS Equipment Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
24. European SLS Equipment Market Research And Analysis By Application, 2023-2031 ($ Million)
25. European SLS Equipment Market Research And Analysis By End-User, 2023-2031 ($ Million)
26. Asia-Pacific SLS Equipment Market Research And Analysis By Country, 2023-2031 ($ Million)
27. Asia-Pacific SLS Equipment Market Research And Analysis By Material, 2023-2031 ($ Million)
28. Asia-Pacific SLS Equipment Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
29. Asia-Pacific SLS Equipment Market Research And Analysis By Application, 2023-2031 ($ Million)
30. Asia-Pacific SLS Equipment Market Research And Analysis By End-User, 2023-2031 ($ Million)
31. Rest Of The World SLS Equipment Market Research And Analysis By Region, 2023-2031 ($ Million)
32. Rest Of The World SLS Equipment Market Research And Analysis By Material, 2023-2031 ($ Million)
33. Rest Of The World SLS Equipment Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
34. Rest Of The World SLS Equipment Market Research And Analysis By Application, 2023-2031 ($ Million)
35. Rest Of The World SLS Equipment Market Research And Analysis By End-User, 2023-2031 ($ Million)
1. Global SLS Equipment Market Share By Material, 2023 Vs 2031 (%)
2. Global Metal SLS Equipment Market Share By Region, 2023 Vs 2031 (%)
3. Global Nylon SLS Equipment Market Share By Region, 2023 Vs 2031 (%)
4. Global SLS Equipment Market Share By Laser Type, 2023 Vs 2031 (%)
5. Global SLS Equipment Solid Laser Market Share By Region, 2023 Vs 2031 (%)
6. Global SLS Equipment Gas Laser Market Share By Region, 2023 Vs 2031 (%)
7. Global SLS Equipment Market Share By Application, 2023 Vs 2031 (%)
8. Global SLS Equipment For Tooling Market Share By Region, 2023 Vs 2031 (%)
9. Global SLS Equipment For Heavy Equipment & Machinery Market Share By Region, 2023 Vs 2031 (%)
10. Global SLS Equipment Market Share By End-User, 2023 Vs 2031 (%)
11. Global SLS Equipment In Consumer Goods Market Share By Region, 2023 Vs 2031 (%)
12. Global SLS Equipment In Automotive Market Share By Region, 2023 Vs 2031 (%)
13. Global SLS Equipment In Aerospace & Defense Market Share By Region, 2023 Vs 2031 (%)
14. Global SLS Equipment In Medical Devices Market Share By Region, 2023 Vs 2031 (%)
15. Global SLS Equipment Market Share By Region, 2023 Vs 2031 (%)
16. US SLS Equipment Market Size, 2023-2031 ($ Million)
17. Canada SLS Equipment Market Size, 2023-2031 ($ Million)
18. UK SLS Equipment Market Size, 2023-2031 ($ Million)
19. France SLS Equipment Market Size, 2023-2031 ($ Million)
20. Germany SLS Equipment Market Size, 2023-2031 ($ Million)
21. Italy SLS Equipment Market Size, 2023-2031 ($ Million)
22. Spain SLS Equipment Market Size, 2023-2031 ($ Million)
23. Rest Of Europe SLS Equipment Market Size, 2023-2031 ($ Million)
24. India SLS Equipment Market Size, 2023-2031 ($ Million)
25. China SLS Equipment Market Size, 2023-2031 ($ Million)
26. Japan SLS Equipment Market Size, 2023-2031 ($ Million)
27. South Korea SLS Equipment Market Size, 2023-2031 ($ Million)
28. Rest Of Asia-Pacific SLS Equipment Market Size, 2023-2031 ($ Million)
29. Rest Of The World SLS Equipment Market Size, 2023-2031 ($ Million)
30. Latin America SLS Equipment Market Size, 2023-2031 ($ Million)
31. Middle East And Africa SLS Equipment Market Size, 2023-2031 ($ Million)