Global Laser Cutting Machine Market is valued at USD 5.49 Billion in 2022 and is expected to reach USD 9.71 Billion by 2029 with a CAGR of 8.5% over the forecast peri
Stable development of automobile sector is one amongst the major factors which is powering the global laser cutting machine market. Production abilities of automobiles have seen substantial rise in last few years in Asian nations such as India and China.
Laser cutting is a tech that employs lasers such as solid-state, CO2, and fiber to cut substances. Laser cutting devices are able to cut substances varying from plastic to steel with absolute accuracy. It is an essential manufacturing equipment needed by industries to manufacture elements with complicated geometry, such as consumer electronics, automotive industry, machine tool industry, and other manufacturing industries.
Over the last years, the laser cutting sector has gone through various stages of developments in thickness and quality of cutting power, material, and efficiency which bring today’s laser cutting devices with higher quality level and cutting speed, the capability of cutting thick and thin metals, and the consumers’ requirement to process both aluminum and steel on the same tool.
By laser types, the global laser cutting machine market is divided as CO2 lasers, solid-state lasers and others (fiber lasers and disc lasers. By application, the laser cutting machine market can be divided as automotive and transportation, consumer electronics & appliances, aerospace, and other manufacturing. By process, the laser cutting machine market can be divided as flame cutting, fusion cutting, and sublimation cutting.
The major players included in the global laser cutting machine market forecast are,
A key development factor of the market is predicted to be the increasing demand for laser cutting machines and rapid industrialization from developing nations such as South Korea, India, South Africa, China, and Brazil, which will further power the requirement for laser cutting machines over the coming period. Requirement for laser cutting machines is increasing rapidly, due to the rising scope and number of its applications all over number of end-use sectors, in which different kinds of laser cutting procedures can be used. Stable development of automobile sector is one amongst the major factors which is powering the global laser cutting machine market. Production abilities of automobiles have seen substantial rise in last few years in Asian nations such as India and China.
Rising needs of accurate and precise shapes in electrical and electronics sector, aerospace and defense industry, and industrial machinery is further predicted to power requirement for laser cutting devices in coming future. Availability of such devices at premium costs plays as a minor restraint towards its quick acceptance in medium and small scale enterprises all over the world. The latest launch of disc lasers and industrialized fiber shows a major tech shift in solid-state laser processing, which is predicted to be the budding trend in the global market for laser cutting machines over the coming period.
North America has an energetic industrial sector which makes it one of the top regions in the laser cutting machine market. After North America, Asia Pacific is also expected to develop considerably in the laser cutting machine market due to the attendance of developing nations such as China, Japan, and India. Moreover, the Asia Pacific automation market is becoming extremely integrated particularly in China due to solid economic development, which is expected to affect the development of the laser cutting machine market during the coming years.
|Historical data||2015 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 5.49 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||8.5%|
|Market Size Expected in 2028:||USD 9.71 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||ROFIN Group, Koike Aronson, Nissan Tanaka Corporation, ALPHA LASER GmbH, CTR Lasers, Amada Co., Kern Laser Systems, Universal Laser Systems, IPG Photonics Corporation, Jinan SENFENG Technology Co., other|
|Segments Covered||Procedure Type, By Application, End User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|