Global Selective Laser Sintering Equipment Market is valued USD 220 million in 2016 is anticipated to grow USD 1.43 billion with the compounded annual growth of 23.11% over the forecast period 2018-2025.
New York 24 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Selective Laser Sintering Equipment market industry is poised to raise USD 1.43 billion by 2025. The major factors expected to augment the market are the ability of SLS equipment to produce parts possessing good mechanical properties with no build support in end-use industries and growing government investments in 3D printing projects. Selective laser sintering is an additive manufacturing technique which employs a laser as the power source to sinter powdered material, directing the laser automatically at points in space defined by a 3D model, binding the material together to create a solid structure.
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Global Selective Laser Sintering Equipment Market Size Study By Material (Nylon, Metal), By Application (Heavy Equipment & Machinery, Tooling, Robotics), By Industry (Automotive, Consumer Goods, Aerospace & Aeronautics, Medical Devices, Others), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Prodways Group, 3D Systems Corporation, Sinterit, EOS GmbH, Sintratec AG, Farsoon Technologies, Formlabs, Inc., Renishaw Plc., Sharebot S.r.l., Ricoh Company, Ltd., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Heavy Equipment & Machinery
- Consumer Goods
- Aerospace & Aeronautics
- Medical Devices
- North America
- Asia Pacific
- Latin America
- Rest of the World