Global Market for Selective Laser Sintering Equipment
Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Selective Laser Sintering Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global Selective Laser Sintering (SLS) Equipment market is experiencing a significant upswing, with projections indicating a growth to US$2.9 Billion by the year 2030. According to a comprehensive strategic business analysis of the market dynamics, this robust growth reflects a compound annual growth rate (CAGR) of 20% over the period from 2022 to 2030. The current landscape, estimated at US$679 Million in 2022, showcases the Tooling sector's notable expansion, expected to rise at a CAGR of 21.9% and attain a market size of US$1.5 Billion by the end of the forecast period.
As the global economy navigates through the stages of post-pandemic recovery, various segments within the Selective Laser Sintering Equipment industry are adjusting to the new norm. Notably, the Heavy Equipment & Machinery segment is poised for a resurgence, with anticipated CAGR recalibration to 19% over the next eight years.
In regional market developments, the United States is currently valued at US$203.1 Million, while China is emerging as a high-growth market with a predicted CAGR of 19%. Such growth is emblematic of China's burgeoning status as a second-largest global economy and a significant player in the SLS equipment sector. Other geographic areas also displaying vigorous growth include Japan and Canada, each on a growth trajectory with CAGRs of 17.9% and 16.6%, respectively, during the period of analysis. Furthermore, the European market, with Germany at the forefront, is forecasted to ascend with an approximated CAGR of 13.4%.
Within this comprehensive report, a selection of leading competitors in the Selective Laser Sintering Equipment domain is featured. A total of 33 key industry players have been highlighted, which represent a broad spectrum of expertise and market presence in the SLS equipment sector.
Market Dynamics: Offering a snapshot of various factors influencing the market ecosystem.
Geographic Analysis: Deep dive into regional market performance and growth opportunities.
Competitive Landscape: Insight into the strategic positioning of key market players.
The report also integrates special coverage on contemporary global events such as the Russia-Ukraine conflict, market responses to inflation worldwide, implications of China's eased COVID-19 policies and its impact on the global economy, along with insights into supply chain disruptions, trade tensions, and the looming risk of recession. This enriching blend of current events and market data provides a holistic view of the industry's trajectory in a rapidly evolving world.
For those with vested interests in the advanced manufacturing technology and industrial machinery sectors, access to such in-depth analysis is invaluable. Industry professionals, investors, and market analysts can benefit from the insights gathered in this report, which encompasses a panoramic view of the Selective Laser Sintering Equipment market's future landscape.
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
A selection of companies mentioned in this report includes
3D Systems, Inc.
Concept Laser GmbH
Red Rock SLS
Ricoh Co., Ltd.
Sinterit Sp. z o.o.
XYZ Printing, Inc.
Z Rapid Tech
For more information about this report visit https://www.researchandmarkets.com/r/g1uo8v
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