The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The Business Research Company’s Selective Laser Sintering Global Market Report 2024 offers crucial insights into the selective laser sintering market help businesses analyse and build stronger strategies.

 

Rapid Market Growth

• 2023 Market Size: $2.37 billion
• 2024 Market Size: $2.91 billion
• CAGR: 22.5%

 

Key Drivers:

• Globalization of retail chains
• Focus on loss prevention
• Labor cost reduction
• Efficiency and speed
• Enhanced customer experience
• Reduced checkout errors

 

Future Market Projections

• 2028 Market Size: $6.17 billion
• CAGR: 20.7%

 

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Growth Factors:

• Hybrid checkout solutions
• Omnichannel retailing
• Expansion in emerging markets
• Environmental sustainability
• Customization for retailer needs

 

Emerging Trends

• Remote assistance and monitoring
• Integration with mobile technologies
• Contactless and cashless transactions
• Data analytics for customer insights
• Integration with loyalty programs

 

Consumer Electronics Surge

The rising demand for consumer electronics is driving the selective laser sintering market.

 

Key Points:

• Increased use in manufacturing smartphones, laptops, and wearables
• Market Impact: Higher demand for selective laser sintering technology
• Statistics:
  • May 2022: 39.0 million smartphone shipments in North America (3.7% increase YoY)
  • Q1 2022: Apple’s market share rose to 51%, Samsung at 27%, TCL at 4%, Google at 3%

 

Major Companies in the Market

• 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.
• Materialise NV
• SLM Solutions Group AG

 

Technological Advancements

3D printing technologies are transforming the selective laser sintering market.

 

Key Trends:

• Companies launching advanced 3D printers
• Example: Wipro 3D F300-2 printer (launched in November 2022)
  • Features: Magnetic print bed, automatic platform leveling, dual filtration, self-cleaning nozzle
  • Technology: IoT-enabled dual nozzle, control and monitoring via smartphones, tablets, and computers

 

Strategic Acquisitions

Nexa3D’s acquisition of XYZ Printing highlights strategic growth in the market.

 

Acquisition Highlights:

• Date: March 2023
• Purpose: Broaden, diversify, and enrich Nexa3D’s portfolio
• Integration of technology and distribution services
• XYZ Printing: A US-based 3D printer manufacturer using selective laser sintering technology

 

Market Segmentation

• By Component: Hardware, Software, Services
• By Laser Type: Solid Laser, Gas Laser
• By Material: Metal, Plastic
• By Application: Automotive, Aerospace and Defense, Healthcare, Electronics, Other Applications

 

Regional Insights

• Largest Market (2023): North America
• Fastest-Growing Region (Forecast Period): Asia-Pacific

 

Conclusion

The selective laser sintering market is experiencing robust growth driven by technological advancements, rising demand for consumer electronics, and strategic acquisitions. With a strong CAGR and expanding applications across various industries, this market is poised for significant expansion in the coming years.

 

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The Selective Laser Sintering Global Market Report 2024  provides a comprehensive outlook of the selective laser sintering market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The selective laser sintering market forecast offers a thorough analysis on selective laser sintering market size, selective laser sintering market share, prominent players and their strategies.

 

The Table Of Content For The Selective Laser Sintering Market Include:
1. Selective Laser Sintering Market Executive Summary
2. Selective Laser Sintering Market Segments
3. Selective Laser Sintering Market Size And Selective Laser Sintering Market Growth Rate
4. Key Selective Laser Sintering Market Trends
5. Major Selective Laser Sintering Market Drivers
……
25. Key Mergers And Acquisitions In The Selective Laser Sintering Market
26. Top Selective Laser Sintering Companies
27. Selective Laser Sintering Market Opportunities And Strategies
28. Selective Laser Sintering Market, Conclusions And Recommendations
29. Appendix

 

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