CNC Fiber Laser Market Growth, Size, Demand, Manufacturers and Future Opportunities 2032
CNC Fiber Laser Market Size- By Product, By Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: IACT2351 | Pages: 1 - 236 | Formats*: |
| Category : Information & Communications Technology | |||
Global CNC Fiber Laser Market Overview
According to SPER Market Research, the Global CNC Fiber Laser Market is estimated to reach USD 2.99 billion by 2032 with a CAGR of 7.36%.
A CNC laser cutter is a component of CNC machinery that uses a concentrated, powerful laser beam to mark, engrave, or cut materials into certain forms. It is thought to have a unique design that makes it extremely accurate, especially when cutting intricate designs and tiny holes. CNC laser cutting is now a heat, non-contact procedure. Using a nozzle, this lens and head combination focuses a laser beam on the workpiece, melting and cutting it to create the required shape.
With CNC lasers, compressed gas is used to cool the focusing lens and expel evaporated metal from the workpiece. In the past few years, the demand for CNC fibre lasers has increased dramatically on a global scale.
The primary factor driving the market's expansion is the rising need for electric vehicles, telecom communication equipment, medical gadgets, and equipment used in semiconductor fabrication (EV). Additionally, it is anticipated that the market would experience rise in the next years due to the increasing demand for ultra-precision machines and five-axis milling machines.The market for CNC fibre lasers has experienced tremendous expansion over the past few years. The increasing adoption of automation technologies in developing countries like Mexico, Brazil, India, Cambodia, and Vietnam is the main factor driving the market's expansion. Industrial design businesses rely on CNC machines to make furniture, modular kitchens, educational & play equipment, and PoS units, which is expected to fuel market expansion in the ensuing years.
Impact of COVID-19 on the Global CNC Fiber Laser Market
The global CNC fiber laser market, like many other industries, has been significantly impacted by the COVID-19 pandemic. The pandemic has caused disruptions in the global supply chain and has led to a decrease in demand for laser cutting machines due to the temporary closure of manufacturing facilities across the world. The lockdowns and social distancing measures implemented in several countries resulted in a decline in the production and supply of CNC fiber laser systems. Travel restrictions and border closures have also made it difficult for manufacturers to procure raw materials and equipment from their suppliers, which has caused a further delay in the production process.
However, as many countries gradually reopened their economies, demand for CNC fiber laser systems has started to recover, especially in industries such as automotive, aerospace, and electronics, which heavily rely on laser cutting machines for their manufacturing processes. The increase in demand for personal protective equipment (PPE) also led to a surge in demand for laser cutting machines, as they are widely used in the production of masks, gowns, and face shields.
Furthermore, the pandemic has also driven a greater need for automation and contactless manufacturing processes, which could potentially benefit the CNC fiber laser market. Manufacturers may look to invest in CNC fiber laser systems to replace manual labor and reduce the risk of transmission of the virus among workers.
Overall, while the COVID-19 pandemic has certainly impacted the CNC fiber laser market, the gradual recovery of the manufacturing sector and the increased demand for automated and contactless manufacturing processes could drive the market's growth in the coming years.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Type, By Application, By End User. |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Mcmillanco, Mantech Machinery Ltd, Zinser Gmbh, Hglaser Engineering Co. Ltd., Accurl, Yamazaki Mazak Corporation, Gmt Engineers Pvt. Ltd., Mitsubishi Electric Corporation, Precision Waterjet and Laser, Messer Cutting Systems Gmbh, HPC Laser Ltd., Bodor, CTR Lasers, Multicam Inc. |
Global CNC Fiber Laser Market Segmentation:
1. By Application:
- Metal Working
- Stone Working
- Wood Working
2. By End User:
- Aerospace Defense
- Automotive
- Building and Construction
- Consumer Electronics
- Energy Power
- Furniture
- Medical
- Transportation
3. By Product:
- CNC CO2 Laser Cutter
- CNC Crystal Layer Cutter
- CNC Fiber Laser Cutter
4. By Type:
- Movable Gantry Type
- Stationary Gantry Type
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global CNC Fiber Laser Market (FY’2019-FY’2032)
- Overview of Global CNC Fiber Laser Market
- Segmentation of Global CNC Fiber Laser Market By Application (Metal Working, Stone Working, Wood Working, Other)
- Segmentation of Global CNC Fiber Laser Market By End User (Aerospace Defense, Automotive, Building and Construction, Consumer Electronics, Energy Power, Furniture, Medical, Transportation, Other)
- Segmentation of Global CNC Fiber Laser Market By Product (CNC CO2 Laser Cutter, CNC Crystal Layer Cutter, CNC Fiber Laser Cutter)
- Segmentation of Global CNC Fiber Laser Market By Type (Stationary, Movable)
- Statistical Snap of Global CNC Fiber Laser Market
- Growth Analysis of Global CNC Fiber Laser Market
- Problems and Challenges in Global CNC Fiber Laser Market
- Competitive Landscape in the Global CNC Fiber Laser Market
- Impact of COVID-19 and Demonetization on Global CNC Fiber Laser Market
- Details on Recent Investment in Global CNC Fiber Laser Market
- Competitive Analysis of Global CNC Fiber Laser Market
- Major Players in the Global CNC Fiber Laser Market
- SWOT Analysis of Global CNC Fiber Laser Market
- Global CNC Fiber Laser Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global CNC Fiber Laser Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global CNC Fiber Laser Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global CNC Fiber Laser Market
7. Global CNC Fiber Laser Market, By Application, 2019-2032 (USD Million)
7.1 Metal Working7.2 Stone Working7.3 Wood Working7.4 Other
8. Global CNC Fiber Laser Market, By End User, 2019-2032 (USD Million)
8.1 Aerospace Defense8.2 Automotive8.3 Building and Construction8.4 Consumer Electronics8.5 Energy Power8.6 Furniture8.7 Medical8.8 Transportation8.9 Other
9. Global CNC Fiber Laser Market, By Product, 2019-2032 (USD Million)
9.1 CNC CO2 Laser Cutter9.2 CNC Crystal Layer Cutter9.3 CNC Fiber Laser Cutter
10. Global CNC Fiber Laser Market, By Type, 2019-2032 (USD Million)
10.1 Movable Gantry Type10.2 Stationary Gantry Type
11. Global CNC Fiber Laser Market, By Region, 2019-2032 (USD Million)
11.1 Global CNC Fiber Laser Market Size and Market Share by Region (2019-2025)
11.2 Global CNC Fiber Laser Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific11.3.1 Australia11.3.2 China11.3.3 India11.3.4 Japan11.3.5 South Korea
11.3.6 Rest of Asia-Pacific11.4 Europe
11.4.1 France11.4.2 Germany11.4.3 Italy11.4.4 Spain11.4.5 United Kingdom11.4.6 Rest of Europe11.5 Middle East and Africa11.5.1 Kingdom of Saudi Arabia11.5.2 United Arab Emirates11.5.3 Rest of Middle East & Africa11.6 North America11.6.1 Canada11.6.2 Mexico11.6.3 United States11.7 Latin America11.7.1 Argentina11.7.2 Brazil11.7.3 Rest of Latin America
12. Company Profile
12.1 Mcmillanco12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developmentS12.2 Mantech Machinery Ltd.12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments12.3 Zinser Gmbh12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments12.4 Hglaser Engineering Co. Ltd.12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments12.5 Accurl12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments12.6 Yamazaki Mazak C+orporation12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments12.7 Gmt Engineers Pvt. Ltd.12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developmentS12.8 Mitsubishi Electric Corporation12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments12.9 Precision Waterjet and Laser12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments12.10 Messer Cutting Systems Gmbh12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent developments12.11 HPC Laser Ltd.12.11.1 Company details12.11.2 Financial outlook12.11.3 Product summary12.11.4 Recent developments12.12 Bodor12.12.1 Company details12.12.2 Financial outlook12.12.3 Product summary12.12.4 Recent developments12.13 CTR Lasers12.13.1 Company details12.13.2 Financial outlook12.13.3 Product summary12.13.4 Recent development12.14 Multicam Inc.12.14.1 Company details12.14.2 Financial outlook12.14.3 Product summary12.14.4 Recent development
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The increasing demand for precision cutting in various industries is also expected to contribute to the market's growth.
CNC Fiber Laser Market is projected to reach USD 2.99 billion by 2032, growing at a CAGR of 7.36% during the forecast period.
CNC Fiber Laser Market grew in market size from 2021. The Market is expected to reach USD 2.99 billion by 2032, at a CAGR of 7.36% during the forecast period.
CNC Fiber Laser Market CAGR of 7.36% during the forecast period.
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CNC Fiber Laser Market size is USD 2.99 billion from 2022 to 2032.
CNC Fiber Laser Market Segment is Covered By Product, By Type, By Application, By End User.
The North America region is anticipated to have the highest market share in CNC Fiber Laser Market.
The key players in the market include Companies Covered Mcmillanco, Mantech Machinery Ltd, Zinser Gmbh, Hglaser Engineering Co. Ltd., Accurl, Yamazaki Mazak Corporation, Gmt Engineers Pvt. Ltd., Mitsubishi Electric Corporation, Precision Waterjet and Laser, Messer Cutting Systems Gmbh, HPC Laser Ltd., Bodor, CTR Lasers, Multicam Inc.
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