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 experiencing robust growth. Valued at USD 339.5 million in 2018, it is projected to surge to USD 947.4 million by 2023, reflecting a CAGR of 22.8% from 2018 to 2023.

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This growth trajectory encompasses both equipment and material sectors. Notably, the market for equipment, which includes both SLS and DMLS technologies, is set to expand at an impressive CAGR of 27.5% over the forecast period. The increasing demand across diverse industries such as consumer goods, automotive, and medical devices, along with the advancement in applications like tooling, heavy equipment, and robotics, underscores the market's dynamic expansion.

The market for Selective Laser Sintering (SLS) equipment is witnessing significant growth, driven by escalating demand across various end-user industries. Key sectors fueling this expansion include consumer goods, automotive, aerospace & aeronautics, machinery and equipment, healthcare and medical devices, and art and fashion. In these industries, SLS equipment is primarily utilized for creating precise and functional prototypes, enabling rapid iteration and innovation. The ability of SLS technology to produce complex geometries with high accuracy and material efficiency makes it indispensable for prototyping applications, thereby propelling its adoption and driving market growth.

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Nylon-based SLS equipment dominated the overall SLS equipment market

Among the various material-based SLS equipment, nylon holds the largest share of the overall SLS equipment market. This dominance is attributed to its extensive use in consumer goods and automotive industries, where it is favored for its versatility and durability. Nylon-based SLS equipment is integral in prototyping and functional prototyping, particularly for consumer electronic devices. It is used to develop prototypes for GPS products, design perfume bottles, and create exterior bodies for washing machines and dishwashers, among other applications. Meanwhile, metal-based SLS equipment is poised to exhibit the fastest growth during the forecast period, driven by increasing applications in high-demand sectors such as aerospace and medical devices, where precision and strength are paramount.

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

Until recently, robot manufacturers were limited to using existing off-the-shelf parts, which often restricted innovation and customization. However, the advent of Selective Laser Sintering (SLS) printing has revolutionized the field, enabling designers to create and print their own parts using affordable and free design tools alongside cost-effective SLS 3D equipment. This technological advancement has significantly reduced the costs associated with prototypes and, in many cases, final parts, thereby driving greater adoption of SLS equipment. The robotics sector, in particular, benefits from metal-based SLS equipment, which is extensively used to produce highly detailed prototypes and end products. As a result, the application of SLS in robotics is expected to accelerate, fostering enhanced creativity and efficiency in robot building.

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SLS equipment market in APAC to grow at highest CAGR during forecast period

The SLS equipment market in the Asia-Pacific (APAC) region is anticipated to experience the highest CAGR during the forecast period, propelled by the increasing adoption of SLS technology across various sectors such as consumer goods, aerospace, automotive, healthcare, and jewelry. This rising adoption is expected to further enhance the penetration of SLS equipment throughout APAC. Key contributors to this growth are Japan and China, with China showcasing immense potential in SLS 3D printing applications and emerging as the fastest-growing market in the region. In contrast, North America held the largest share of the SLS equipment market in 2017, driven by technological advancements and the widespread adoption of SLS technology across diverse industries.

Major players in the SLS Equipment Companies 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).