The direct metal laser sintering 3D printing technology market is projected to grow at a CAGR of 45.63% during the forecast period of 2018 to 2024. Direct Metal Laser Sintering/Selective Laser Melting is a 3D printing technique which creates parts by sintering fine metal powder partials, and fuses them together. The multiple benefits offered by the technology, such as faster low-volume production and accurate prototyping, are projected to shoot its demand in the coming years. However, the availability of substitute technologies is projected to hinder the market growth of the segment during the forecast period.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Direct Metal Laser Sintering 3D printing technology value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the Direct Metal Laser Sintering 3d printing technology market.
The major players profiled in the Direct Metal Laser Sintering 3d printing technology market include EOS Group, 3D Systems, Inc., SLM Solutions Group AG, Renishaw plc, Sisma SpA, and Sculpteo.
The direct metal laser sintering 3d printing technology market has been analyzed through the following segments: