Global Laser Cutting Machines Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global Laser Cutting Machines Market 2020 is anticipated to achieve a growth rate of 9% during the forecast timeframe (2018-2023), says Market Research Future (MRFR).
Significant vendors shaping the worldwide market players in the laser cutting machines market are Trotec Lasers(US), Han’s Laser Smart Equipment Group Co., Ltd(China), IPG Photonics Corporation(US), Coherent, Inc.(US), Amada Miyachi Inc (US), Jenoptik Laser GmbH(Germany), MKS Instruments(US), LancerFab Tech Pvt. Ltd(India), Alpha Laser (US), Bystronic Incorporated(US), Universal Laser Systems (US), Trumpf GMBH (Germany), Epilog Laser Inc.(US), Xenetech(US), Jiangsu Dajin Laser Science and Technology Co., Ltd.(China), to name a few.
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Top Drivers and Key Restraints
Laser cutting machines find widespread use in highly complicated spatial components including tubes, hot-shaped sheets and vehicle bodies, which need to be precisely cut. Fitness equipment manufacturers generally make use of a laser cutting machine in a bid to achieve the required complex shapes in a minimum amount of time, while achieving a perfect finish. Laser cutting machine manufacturers are striving for maximum technological advancements, with more and more traditional cutting machines becoming obsolete in the market. The latest laser cutting machines now boast of high beam quality and have the ability to function automatically across industrial and commercial sectors.
In the past few decades, the global laser cutting market has been subjected to several advancements, in terms of quality and the thickness of cutting material, in addition to power and efficiency. This has boosted the demand for the latest laser cutting machines that have better cutting speed as well as a higher quality level, other than the ability to cut thin and thick metals and also process steel and aluminum on the same equipment.
The rapid advancements in technology paired with the increasing use of laser cutting machines within the healthcare sector can help the global laser cutting market size expand in the following years. The areas that require micro-cutting equipment also use laser cutting machines, which benefits the market to a great extent.
The market for laser cutting machines has been dissected into segments like technology, process, and end user.
The market segmentation, considering technology, includes semiconductor lasers, solid-state lasers and gas lasers. Among these, solid-state lasers are the leading segment in the market as they find extensive use in medical applications. Further, diode-pumped solid-state lasers are used to achieve a higher quality beam and an increased level of processing flexibility.
Process-wise market segments are flame cutting, sublimation cutting, and fusion cutting.
The significant end-users in the global market mentioned in the report are consumer electronics, automotive, industrial, defense and aerospace, and others. The automotive sector has secure the top spot in the market and can attain the highest growth rate in the years to follow. Mounting demand for automobiles, on account of the evolving consumer lifestyle as well as increased consumer income, has led to the segmental lead in the market. Also, thanks to the soaring demand in the electronics industry, the market has flourished across various regions in the world. Defense and aerospace are among the strongest end-users in the market, in view of the fact that the number of space research projects has increased in various countries over the past few years. Laser cutting machines are used extensively in workshops and manufacturing plants to provide more output, albeit in a low amount of time.
The market for laser cutting machines is spread across the primary regions of Europe along with North America, Asia Pacific (APAC), and the Rest of the World (RoW).
Among these, North America was found to be the top market for laser cutting machines in 2016, with APAC and Europe coming in second and third, respectively.
Massive demand for automobiles has been one of the chief reasons behind the robust market growth in North America. The United States (U.S.) is the most notable contributor not only in the region but also in the global laser cutting machines market. The quick-paced proliferation of the industrial sector in the US can take the overall regional market to greater heights in subsequent years. Moreover, the laser cutting machines market share in the region can develop further in the near future, thanks to the surging consumer preference for more advanced vehicles, as well as a variety of metal cutting machines. Manufacturers in the region are developing smarter, safer products and are also working on reducing the laser cutting machine price in an attempt to attract more customers.
APAC has risen as the second-most profitable market for laser cutting machines, with the rising automation in manufacturing sectors coupled with the booming sales of consumer electronics. On top of that, the expansive aerospace manufacturing sector making extensive use of laser cutting machines lends the market a host of lucrative opportunities for the future.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
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