Laser Cutting Machine Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2024

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Report Code: ZMR-3343 | Report Format : | Status : Upcoming |

Abstract

Laser Cutting Machine Market: Overview

Laser cutting machine is a kind of technology that takes the help of a laser beam to cut the concerned material, either partially or completely. Some materials are very difficult to cut by the traditional means. For such kinds of materials, the laser cutting machine is used. While cutting the metals, the laser beam is used to melt the material and high pressure nitrogen is used to blow the molten metal and thus cutting it, as per the requirement. This laser cutting method is preferred because it is more precise and uses less energy, as compared to other cutting techniques. This technique also consumes relatively lesser amount of time while cutting. Industrial laser cutters are generally used to cut flat-sheet materials as well as the piping materials, among others.

Laser Cutting Machine Market: Growth Factors

The continuous developments and innovations in the field of technology is one of the most important driving factors for the growth of the laser cutting market. The high demand and increasing competition in the laser cutting machine market is forcing the companies to reduce the prices of these machines even more. This is predicted to further increase the demand by a huge margin. As more and more people are getting serious about their health, the demand for fitness instruments has shot up. These fitness instruments are made with the help of the laser cutting machines, as these instruments have complex shapes and require high level of accuracy. The automated laser cutting machines have lesser downtime and they consume less energy. Since there is a growing trend of automation, there is a potential opportunity for the companies dealing with automated laser cutting machines. Having said that, these machines demand for high investment which can be a concern, as far as the growth of the laser cutting machine market is concerned.

Laser Cutting Machine Market: Segmentation

The laser cutting machine market segmentation is done on the basis of the technology used, cutting process, and applications. On the basis of technology used, the categorization is done into solid-state lasers, fibre lasers, disc lasers and CO2 lasers. In terms of cutting process, the market is divided into sublimation cutting process, fusion cutting process and flame cutting process. On the basis of the applications, the market is divided into defence & aerospace, industrial, consumer electronics & appliances, automotive and transportation, among others.

Laser Cutting Machine Market: Regional Analysis

North America has a vigorous industrial sector which directly makes it one of the leading regions in the laser cutting machine market. Followed by North America, Asia Pacific is also predicted to grow significantly in the laser cutting machine market owing to the presence of developing economies like Japan, China and India. In addition to this, the automation market in the Asia Pacific is becoming highly integrated especially in China because of strong economic growth, which is predicted to impact the growth of the laser cutting machine market during the next few years. Also in countries like India, because of the initiation of the Make-in-India initiative, the growth of the manufacturing sector is predicted to increase the demand fairly, for the laser cutting machines.

Laser Cutting Machine Market: Competitive Players

Some of the major competitive players in the global laser cutting machine market include Nissan Tanaka Corporation, CTR lasers, Universal Laser Systems, Coherent Incorporation, Jenoptik Laser, Epilog Laser Inc, IPG Photonics Corporation. Other prominent players in the market are Kern Laser Systems, Amanda Miyachi Co. Ltd, among others.

Laser Cutting Machine Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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