What are the Historic and Predicted Market Sizes of the Global Selective Laser Sintering Market?
The selective laser sintering market size has seen significant expansion in recent years, growing from $2.85 billion in 2024 to an expected $3.46 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 21.2%. This growth is primarily attributed to the globalization of retail chains, focus on loss prevention, labor cost reduction, enhanced customer experience, among others.
The market is anticipated to register further exponential growth reaching $7.56 billion in 2029 at a compound annual growth rate (CAGR) of 21.6%. Major factors fueling this growth include hybrid checkout solutions, omnichannel retailing, expansion in emerging markets, and environmental sustainability.
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How is the Demand for Consumer Electronics Propelling the Selective Laser Sintering Market?
The rising demand for consumer electronics is expected to boost the growth of the selective laser sintering market. Consumer electronics including smartphones, laptops, and wearables utilize selective laser sintering in their manufacturing process. Therefore, high consumer demand for these devices propels the market. As revealed by Canalys, in May 2022, smartphone shipments in North America reached 39.0 million units, reflecting a 3.7% year-on-year increase. This rising demand for consumer electronics is indeed a significant driver for the selective laser sintering market.
What Are the Leading Segments within the Selective Laser Sintering Market?
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
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Which Companies Hold a Major Market Share in the Selective Laser Sintering Market?
Major companies operating in the selective laser sintering market include 3D Systems Inc., EOS GmbH Electro Optical Systems, Sinterit sp. z o.o, Farsoon Technologies, Sintratec AG, Renishaw plc, Ricoh Company Ltd., Prodways Group SA, Sharebot S.R.L., Z Rapid Tech, General Electric Company, Materialize NV, among others.
What New Trends Are Emerging in the Selective Laser Sintering Market?
The advent of 3D printing technologies is a key trend emerging in the selective laser sintering market. Companies are launching 3D printers with advanced technology to sustain their position in the market. For instance, Wipro 3D launched its Wipro 3D F300-2 printer in November 2022, which operates on Fused Filament Fabrication (FFF) technology. The printer offers advanced technological features ensuring high-quality 3D printing.
How is the Selective Laser Sintering Market Performing Across Different Regions?
North America represented the largest region in the selective laser sintering market in 2024, however, Asia-Pacific is predicted to be the fastest-growing region during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Selective Laser Sintering Market Report 2025 Offer?
Selective Laser Sintering (SLS) refers to the additive manufacturing (AM) process that fuses tiny particles of polymer powder into a solid object based on a 3D model. It’s largely utilized in low-volume production and prototype creation.
The Selective Laser Sintering Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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