Overview and Scope
Selective laser sintering (SLS) refer to the additive manufacturing (AM) process to fuse tiny particles of polymer powder into a solid object based on a three-dimensional (3D) model. It is used to creates sturdy plastic pieces for low-volume production and prototypes.
Sizing and Forecast
The selective laser sintering market size has grown exponentially in recent years. It will grow from $2.37 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to globalization of retail chains, focus on loss prevention, labor cost reduction, efficiency and speed, enhanced customer experience, reduced checkout errors..
The selective laser sintering market size is expected to see exponential growth in the next few years. It will grow to $6.17 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to hybrid checkout solutions, omnichannel retailing, expansion in emerging markets, environmental sustainability, customization for retailer needs.. Major trends in the forecast period include remote assistance and monitoring, integration with mobile technologies, contactless and cashless transactions, data analytics for customer insights, integration with loyalty programs..
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Segmentation & Regional Insights
The selective laser sintering market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Laser Type: Solid Laser, Gas Laser
3) By Material: Metal, Plastic
4) By Application: Automotive, Aerospace and Defense, Healthcare, Electronics, Other Applications
North America was the largest region in the selective laser sintering market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global selective laser sintering market during the forecast period. The regions covered in the selective laser sintering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising demand for consumer electronics is expected to propel the growth of the selective laser sintering market going forward. Consumer electronics are electronic devices such as smartphones, tablets, laptops, TVs, gaming consoles, and wearable devices that are bought for personal rather than commercial use. Selective laser sintering is used in the manufacturing process of consumer electronics products, including smartphones, laptops, and wearables. As a result, the rising demand for consumer electronics increases the demand for the selective laser sintering market. For instance, in May 2022, according to Canalys, a Singapore-based global technology firm, smartphone shipments in North America totalled 39.0 million units, reflecting a 3.7% year-on-year increase. Furthermore, in Q1 2022, Apple experienced 19% growth, securing a dominant market share of 51%. Samsung, with a 1% growth, held a 27% share of the market, while TCL and Google accounted for 4% and 3% of the market share, respectively. Therefore, rising demand for consumer electronics drives the selective laser sintering market.
Key Industry Players
Major companies operating in the selective laser sintering market report are 3D Systems Inc., EOS GmbH Electro Optical Systems, Sinterit sp. z o.o, Farsoon Technologies, Sintratec AG, Renishaw plc, Ricoh Company Ltd., Formlabs Inc., Prodways Group SA, Sharebot S.R.L., Z Rapid Tech, Nexa3d Inc., General Electric Company, Stratasys Ltd., Materialize NV, SLM Solutions Group AG, Concept Laser GmbH, Beijing Long Yuan Automated Fabrication System Co. Ltd., Wuhan Binhu Mechanical & Electrical Co. Ltd., XYZprinting Inc., Ultimaker BV, Sisma S.p.A., Trumpf GmbH + Co. KG, HP Inc., Shining 3D, voxeljet AG, UnionTech, Carbon Inc., Nanoscribe GmbH, Xact Metal Inc.
The selective laser sintering market report table of contents includes:
1. Executive Summary
2. Selective Laser Sintering Market Characteristics
3. Selective Laser Sintering Market Trends And Strategies
4. Selective Laser Sintering Market – Macro Economic Scenario
5. Global Selective Laser Sintering Market Size and Growth
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31. Global Selective Laser Sintering Market Competitive Benchmarking
32. Global Selective Laser Sintering Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Selective Laser Sintering Market
34. Selective Laser Sintering Market Future Outlook and Potential Analysis
35. Appendix
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