The Laser Cutting Machine Market was estimated around 3751 million in 2019 and is expected to grow at a CAGR of 7.5% over the forecast period (2020-2027).
The factors driving the growth of Laser Cutting Machine Market includes increasing application of laser cutting machines across end-use industries such as automotive, consumer electronics, and aerospace & defense, Government initiatives promoting digitalization, growing demand for industry 4.0 solutions and improvements in the living standards. Moreover, technological advancements in laser cutting machines, rise in the launch of innovative products, introduction of new technologies, expansion of the manufacturing sector, growing awareness about the benefits of laser cutting machines and rapid industrialization, are some of the additional factors supplementing the Laser Cutting Machine Market share. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Laser Cutting Machine Market is hindered because laser cutting machines consumes high power.
Request a free sample of this report
The prominent players operating in the market are Fanuc Corporation, IPG Photonics Corporation, Jenoptik Laser GmbH, Alpha Laser GmbH, Amada Miyachi Co. Ltd, Bystronic Inc., Kern Lasers System, Coherent Inc., DPSS Laser Inc. and Epilog Laser, among others.
Based on Technology, the Gas Lasers segment is predicted to grow at a significant CAGR during the forecast period
Increasing use of gas laser technology in barcode reaching, laser printing, and dye laser pumping, are propelling Laser Cutting Machine Market size.
Based on Application, the Industrial segment is projected to expand at a robust CAGR over the forecast period
Increasing use of laser cutting machines to clean molds and parts during the manufacturing process, is pushing segment’s growth.
Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period
Increasing Foreign Direct Investments (FDI) inflows across manufacturing industries, growing demand for technologically advanced laser cutting machines, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Segmentation by Technology
- Solid-State Lasers
- Gas Lasers
- Semiconductor Lasers
Segmentation by Process
- Fusion Cutting
- Flame Cutting
- Sublimation Cutting
Segmentation by Application
- Automotive
- Consumer electronics
- Defense and aerospace
- Industrial
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: [email protected]
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Fiber Laser Cutting Machines Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/fiber-laser-cutting-machines-market/download-sampleMarket DynamicsThe factors like growing capital investment by companies for precision manufactured equipment and up gradation of machines in manufacturing processes in end-use industries worldwide are steering the global fiber laser cutting machine market growth.
The substantial rise in fiber laser cutting machines has been witnessed due to the mounting demand for high efficient & effective operations in metal processing operations.
The superior performance characteristics of devices, such as increased operational efficiency, robust structure, and precise operational accuracy, contribute to the increased sales of fiber laser cutting machines.
Meanwhile, factors like high cost and need for skilled labor for operating fiber laser cutting machines pose a barrier to the growth of market.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.Additionally, these tools also give inclusive assessment of each application/product segment in the global market of fiber laser cutting machines.
The laser cutting machines initially casts laser beam on the surface of work piece, melts it and finally evaporates the particular area of work piece using the energy released by laser.
It also symbolizes significant manufacturing tools, which are important to the production of a range of finished goods and manufactured parts.The global laser cutting machines market is expected to witness a substantial growth during the forecast period.
Increasing incidences of transient voltage and lightning accidents globally is increasing the usage of surge protection devices.
If the surge or spike is high, it can cause some heavy damage to the machine.Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114573/Laser-Cutting-Machines-MarketThe increase in the usage of electrical equipment such as personal computers, printers, industrial control equipment like PLC’s, microwaves, washing machines and alarms are amplifying the demand for surge protection devices across the globe.
Industrial sector is the highest revenue generating application segment in this market whereas; commercial segment is analyzed to be the fastest growing application segment in the surge protection devices market.Adoption of high technologies equipment such as LCD and LED televisions in the emerging countries are also contributing to the growth in demand for surge protection devices market across the globe.
Moreover, rapid growth of industrialization in this region is also contributing to growth of surge protection devices market.This market research study analyzes the surge protection devices market on a global level, and provides estimates in terms of revenue (USD million) from 2014 to 2020.
The global laser cutting machine market size is anticipated to reach USD 6.72 billion until 2024.
Moreover, the rising usage of YAG (Yttrium Aluminum Garnet), CO2, and fiber lasers for cutting applications is projected to drive the demand for such machines.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/laser-cutting-machine-market/request-sample Market Synopsis of Laser Cutting Machines Market: The technology segment of gas is anticipated to witness fastest growth with 9.4% CAGR from 2016 to 2024 due to its increasing usage in hologram making, laser printing, and dye laser pumping.
In 2016, the industrial application segment dominated the global market on account of the rapid growth of the industrial sector.
North America held the largest share of 31.0% in 2015 due to the surging development being carried out in the industrial sector across countries like the U.S. and Canada.
While the Asia Pacific is expected to register the highest growth in the upcoming years on account of the emergence of consumer electronics and automotive sectors across countries like India and China.
