Direct Metal Laser Sintering (DMLS) Services Market Size, Share, Growth, And Industry Analysis, By Type (Additive Manufacturing Services, Rapid Prototyping Services and Others), By Application (Aerospace, Automobile, Medical, Mechanical Processing, Oil and Gas and Others), Regional Forecast to 2033

• 

   Request a Free Sample To Get More Information on this Market

DIRECT METAL LASER SINTERING DMLS SERVICES MARKET REPORT OVERVIEW

Global direct metal laser sintering dmls services market size was valued at approximately USD 1.47 Billion in 2024 and market is projected to touch 9.43 Billion by 2033, exhibiting a CAGR of 22.9% during the forecast period.

One popular additive manufacturing or 3D printing technology is direct metal laser sintering (DMLS) services, also known as selective laser melting (SLM). Using an electronically generated CAD (computer-aided design) file as guidance, a laser is pointed at the powder bed at precise positions in space to construct each layer of a component. The machine applies more powder to the part after the first layer has been produced, then continues the procedure. The method is perfect for producing complex structures in high-resolution, accurate pieces. To melt the particle material, DMLS devices use a laser in a digitalization that does not require physical molds. The finished components are precise, have superb surface properties, and nearly forged mechanical characteristics.

The market for direct metal laser sintering (DMLS) services is one that has greatly benefited from the rising need for rapid prototyping and innovative production techniques. Due to the expanding use of additive manufacturing across numerous business verticals, the sector is expected to experience extraordinary growth throughout the projection period. In order to keep up with the competition, the market for industrial DMLS services is moving more and more in the direction of consolidation. Rising innovation is an important driver of this industry's growth, and it is resulting in the use of services by steel production applications, which has a number of advantages.

COVID-19 IMPACT

"Decline in Demand for the Services Brought on by the Spread of the Virus"

The market for direct metal laser sintering (DMLS) services was severely impacted by the COVID-19 epidemic. The interruption of demand and supply resulted in significant losses for the market globally. The automotive and aerospace industries, which made up the bulk of DMLS's market, took a big impact, which led to the market's downfall. The need for DMLS services decreased once the COVID-19 pandemic broke out. This was due to the fact that the majority of companies producing medical devices were also producing COVID-19 gear and emergency tools including respirators, compressor valves, and PPE kits. All around the world, there was a decline in demand for artificial bony protrusions, dental parts, and others. However, following the epidemic, the DMLS market is regaining its significance.

LATEST TRENDS

"Development of Novel Metal Powders to Aid in Reducing the Cost of 3D Metal Manufacturing Procedures"

Although DMLS/SLM items have excellent material properties, direct metal laser sintering (DMLS) services are infamously challenging to purchase and operate. While metal 3D does contribute to lower product prices, the cost of a DMLS machine and the metal powder needed for manufacturing can be quite high. However, in a recent development, a team of researchers from the Department of Mechanical Engineering at the Indian Institute of Science (IISc) has discovered a novel process for generating metal powders that is significantly less expensive than previous approaches. The researchers, according to IISc, think that this abrasion-based metal powder has promise in rising sectors including aviation motors and the auto industry, which require a high degree of precision and sophistication. By doing so, the exorbitant cost of 3D metal manufacturing procedures would be lessened.

DIRECT METAL LASER SINTERING DMLS SERVICES MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into Additive Manufacturing Services, Rapid Prototyping Services and others

By Application Analysis

Based on application, the market can be divided into Aerospace, Automobile, Medical, Mechanical Processing, Oil and Gas and Others

DRIVING FACTORS

"Advantages offered by the Prototyping Segment Make them Suitable to Use in Various Industries "

Since the prototyping method was widely used across several industrial verticals in 2021, the rapid prototyping services segment commanded the market and contributed for a sizable portion of global revenue. Prototyping is used extensively in the automobile, aerospace, and defense industries to accurately design and build parts, modules, and complex structures. Manufacturers can build trustworthy final goods and attain improved precision through prototyping. As a result, it is anticipated that the prototyping segment would continue to rule the direct metal laser sintering (DMLS) services industry during the projection period.

"Growing Demand for Lightweight Parts has Given Rise to Advancements in Technologies"

Compared to conventional manufacturing techniques, the DMLS can make intricate, lightweight components that are durable, resilient, and have superior efficiency. The automotive, aerospace, and medical industries, which demand high-performance products with a light weights ratio, can benefit most from this technology. Along with the need, technological development—including advancements in software—has made direct metal laser sintering (DMLS) services more precise, effective, and affordable, leading to an increase in its usage across numerous industries.

RESTRAINING FACTORS

"High Initial Investment can make it Difficult for Small Businesses to Enter the Market"

Although the market for DMLS services is expanding, there are various restraints that may prevent it from doing so. Due to the high cost of the necessary machinery, trained staff, and specialized materials, starting up a DMLS assembly line can be costly. Some manufacturers, particularly small and medium-sized businesses, may find this to be an obstacle to entrance. The expansion of the direct metal laser sintering (DMLS) services market growth may also be hampered by this reason.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

DIRECT METAL LASER SINTERING DMLS SERVICES MARKET REGIONAL INSIGHTS

"Development of Aerospace and Defense Industries has Contributed to the Regional Market"

Since a few years ago, North America has played an important role in both the production and consumption of DMLS services. It has grown significantly in the market thanks to its developments in the aerospace and defense sectors. EOS officially confirmed the delivery of its 1,000th DMLS in America, which is seen as a major accomplishment for the business. Sintavia, a Florida-based provider of 3D services that provides 3D solutions for the aerospace and defense industry, just bought the 1000th laser from the company. Leading aerospace firms rely on EOS, according to the company, due to its continuous innovation, machine dependability, and industrial output dependability. Currently, the North American industry's largest direct metal laser sintering (DMLS) services market share in terms of revenue collection belongs to South Carolina-based 3D Systems.

KEY INDUSTRY PLAYERS

"Key Players are Investing in R&D to Strengthen their Market Positions"

Diverse market participants offering direct metal laser sintering (DMLS) services make investments in R&D initiatives with the goal of creating technologically sophisticated and highly effective services. They concentrate on creating new uses for the product as well in order to draw in a big customer base. Creation of new products, expansions, acquisitions, mergers and collaborations are a few of the major strategic measures that the players have done to strengthen their position and increase sales.

List of Top Direct Metal Laser Sintering Dmls Services Companies

• GKN Forecast 3D (U.S.)
• PrintForm (U.S.)
• Stratasys (Israel)
• Xometry (U.S.)
• SyncFab (U.S.)
• Protolabs (U.S.)

REPORT COVERAGE

This report covers the direct metal laser sintering (DMLS) services market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.