Global Laser Cutting Machine Market by Technology and by region

The GMI Research predicts that the Laser Cutting Machine Market will perceive an increase in demand over the forecast period. This is because of the soaring need to decrease human involvement to enhance the quality of metal processing and the surge in production needs across several industries.

Introduction of the Laser Cutting Machine Market

Laser cutting is a technology implementing a laser to chop materials such as steel, wood, metal, and plastic. The beam assists in the blaze, volatile, or liquefy the material, resulting in finer finished design or edge. The machine includes a setting called Computer Numeric Control (CNC) and laser optics to control, conduct, and manage laser beam intensity for the particular cuts required in manufacturing or design project.  In other words, the equipment is largely used in industries for the purpose of designing projects primarily for industrial production.

Key Players of Market:

• Kern Lasers System
• Bystronic Inc.
• Alpha Laser GmbH
• Amada Miyachi Co. Ltd.
• DPSS Laser, Inc.
• Coherent Inc.
• Epilog Laser
• IPG Photonics Corporation
• Fanuc Corporation
• Jenoptik Laser GmbH

Laser Cutting Machine Market Dynamics

A surge in the global laser cutting machine market is because of the aggravating demand for superior quality products and the increasing endorsement of mechanization in the manufacturing industry. In addition, the growing demand for consumer electronics, automotive, and aerospace, and defence by enormous end-use industries has further strengthened the laser cutting machine market size. Moreover, the amplifying investment by key producers to reduce machine suspension as well as the acquisition of automation to enhance flexibility, decrease waste, and minimize inventories to escalate return on investment has contributed to the market growth. Additionally, the amplified rate of globalization in manufacturing sectors has further fuelled market growth. However, on the other edge of the spectrum, as per the market report, the excessive power consumption of laser cutting machines is hindering laser cutting machine market size.

Technology Segment Drivers

Based on the technology, gas lasers segment is predicted to fuel at a higher rate during the forecast period. This is attributed to the augmenting demand for high-quality machining tools as a result of the rising adoption of gas lasers. Further, the Laser Cutting Machines Market Research Report states that they are extensively implemented in laser printing, barcode reaching, and dye laser pumping.

Process Segment Drivers

Based on the process, the flame is foreseen to seize the market owing to its potential to offer faster-cutting speed, ameliorated finish, and finer quality over other processes. In addition, fusion is fuelling at a faster rate because of its owing to its higher adjustability and pertinence in the production of electric motors to cut structural steel and electrical sheets.

Application Segment Drivers

In accordance with the application, industrial sector is stimulated to elevate at a faster compound annual growth rate over the near future. This is because of the swift enlargement in the industrial sector across the emerging nations as well as the intensifying implementation of laser cutting machines across the production process to disinfect parts and molds.

Geographical Drivers

As per the regional coverage, the Asia-pacific region is predicted to fuel at a higher rate during the forecast period. This is mainly owing to the rapid industrialization and prevalence of robust economies such as China, Japan, and India. Besides this, the aggravating acquisition of laser cutting technology in the manufacturing industry with its rising applications across different industry verticals such as in automotive component, semi-conductor, and consumer electronics is likely to bolster the market opportunities

Laser Cutting Machine 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
• Défense and aerospace
• Industrial
• Others

Segmentation by Region:

• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• RoW
  • UAE
  • Brazil
  • South Africa
  • Saudi Arabia

About GMI Research

GMI Research proffers business discernment and market research reports to assist the clients understand the effect of several dynamics. Our team of experts carry out market intelligence studies to certify fact-based research reaches across every business company. We gather to the point information to abridge our clients with challenges approaching in different industries. We provide by fits and starts assistance to our client via consulting services to attain an actionable decision.