Laser Cutting Machine Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Laser Cutting Machine Market Size- By Technology, By Process, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: MACH2421 | Pages: 1 - 205 | Formats*: |
| Category : Equipment and Machinery | |||
Laser Cutting Machine Market Introduction and Overview
According to SPER Market Research, the Global Laser Cutting Machine Market is estimated to reach USD 14.88 billion by 2033 with a CAGR of 9.54%.
The report includes an in-depth analysis of the Global Laser Cutting Machine Market, including market size and trends, product mix, applications, and supplier analysis. Laser cutting machines are very accurate pieces of machinery that are used in many different industries to cut a wide range of materials quickly and precisely. To cut materials more accurately and cleanly, such as metal, wood, plastic, cloth, and acrylic, they employ laser technology. Laser cutting works on the basic principle of directing a powerful laser beam onto a material's surface, melting, burning, or vaporizing it to create a clean cut. A focused beam of light is produced by a laser resonator, which generates the laser beam by stimulating a laser medium such as carbon dioxide (CO2), yttrium aluminum garnet (Nd: YAG) doped with neodymium, or fiber optics.
- August 2019: Han's Laser Smart Equipment Group Co., Ltd. unveiled the T16/T25 Series Fiber Laser Tube Cutting Machine, a very versatile and stable laser tube cutting machine. This gadget is expected to significantly increase small and medium-sized enterprises' productivity.
- May 2019: Bystronic Laser AG unveiled the ByStar Fiber 12kW in May 2019. This fiber laser cutting device can produce excellent cuts on a range of materials.
Market Opportunities and Challenges
Over time, demand for laser cutting equipment has increased due to its excellent precision and speed in cutting through a broad variety of materials. By offering necessary services, its use in sectors like aerospace, manufacturing, and automobile is anticipated to increase manufacturer profitability. The present market expansion is being driven by the development of automation across several sectors. These devices are very efficient and greatly lower labor costs when readily incorporated into automated manufacturing processes. It is projected that the need for laser cutting equipment would increase due to the growing demand for customized items. The large upfront cost frequently puts off small producers on a tight budget.
Furthermore, the demand for laser cutting machines in industrial regions is expected to be hampered by the high cost of laser equipment. The market is very competitive and quite diversified. There are several parties competing for a significant portion of the industry right now. The fierce rivalry is predicted to cause price wars in the future and restrict the use of laser-cutting technology in manufacturing sectors like the automobile industry and others. New developments in technology pose serious challenges to the sector. In order to meet customer needs and maintain their competitiveness, manufacturers can keep up with the most recent developments.
Market Competitive Landscape
In order to expand their product lines, major market players are heavily investing in research and development, which will fuel further market growth for laser cutting machines. Through a range of strategic actions, including new product launches, contracts, mergers and acquisitions, increased investments, and cooperation with other businesses, market participants are also extending their worldwide reach. Key players are ALPHA Laser GmbH, Amada Milyachi Company Ltd., Bystronic Incorporated, Coherent Incorporation, Epilog Laser Inc., Jenoptik Laser GmbH, IPG Photonics Corporation, Trumpf GmbH+ Co. Kg, Salviginini, Messer.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Technology, By Process, By End User Industry. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | ALPHA Laser GmbH, Amada Milyachi Company Ltd., Bystronic Incorporated, Coherent Incorporation, Epilog Laser Inc., Jenoptik Laser GmbH, IPG Photonics Corporation, Trumpf GmbH+ Co. Kg, Salviginini, Messer. |
COVID-19 Impact on Global Laser Cutting Machine Market
The market for laser cutting machine was somewhat impacted by the Covid-19 outbreak. Although the pandemic's early phases caused supply chain disruptions and a decrease in industrial activity, the market eventually recovered. In crucial sectors including pharmaceuticals, food processing, and medical equipment, the need for lasers was constant. The epidemic also made contactless manufacturing and automation more important, which accelerated the use of laser cutting technologies.
Key Target Audience:
- Manufacturing Industry
- Small and Medium-Sized Enterprises
- Metal Fabrication Shops
- Construction and Architecture
- Electrical and Electronics Industry
- Medical Device Manufacturers
- Fashion and Textiles
- Education and Research Institutions
- Government and Defense
- Investors and Financial Analysts
Our in-depth analysis of the Laser Cutting Machine Market includes the following segments:
| By Technology: |
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| By Process: |
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| By End User Industry: |
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Key Topics Covered in the Report:
- Global Laser Cutting Machine Market Size (FY’2024-FY’2033)
- Overview of Global Laser Cutting Machine Market
- Segmentation of Global Laser Cutting Machine Market By Technology (Solid-State Lasers, Gas Lasers, Semiconductor Laser.)
- Segmentation of Global Laser Cutting Machine Market By Process (Fusion Cutting, Flame Cutting, Sublimation Cutting.)
- Segmentation of Global Laser Cutting Machine Market By End User Industry( Automotive, Consumer Electronics, Defense and Aerospace, Industrial, Others Users)
- Statistical Snap of Global Laser Cutting Machine Market
- Expansion Analysis of Global Laser Cutting Machine Market
- Problems and Obstacles in Global Laser Cutting Machine Market
- Competitive Landscape in the Global Laser Cutting Machine Market
- Impact of COVID-19 and Demonetization on Global Laser Cutting Machine Market
- Details on Current Investment in Global Laser Cutting Machine Market
- Competitive Analysis of Global Laser Cutting Machine Market
- Prominent Players in the Global Laser Cutting Machine Market
- SWOT Analysis of Global Laser Cutting Machine Market
- Global Laser Cutting Machine Market Future Outlook and Projections (FY’2024-FY’2033)
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 database2.1.4. Premium insight from KOL’s2.2. 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 analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Laser Cutting Machine Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. 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 Forces5.3.1. 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 Laser Cutting Machine Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Laser Cutting Machine Market
7. Global Laser Cutting Machine Market, By Technology (USD Million) 2020-2033
7.1. Global Laser Cutting Machine Market Size, Share and Forecast, By Technology, 2020-2026
7.2. Global Laser Cutting Machine Market Size, Share and Forecast, By Technology, 2027-20337.3. Solid-State Lasers7.4. Gas Lasers7.5. Semiconductor Lasers
8. Global Laser Cutting Machine Market, By Process (USD Million)2020-2033
8.1. Global Laser Cutting Machine Market Size, Share and Forecast, By Process, 2020-20268.2. Global Laser Cutting Machine Market Size, Share and Forecast, By Process, 2027-20338.3. Fusion Cutting8.4. Flame Cutting8.5. Sublimation Cutting
9. Global Laser Cutting Machine Market, By End User Industry (USD Million)2020-2033
9.1. Global Laser Cutting Machine Market Size, Share and Forecast, By End User Industry, 2020-20269.2. Global Laser Cutting Machine Market Size, Share and Forecast, By End User Industry, 2027-20339.3. Automotive9.4. Consumer Electronics9.5. Defense and Aerospace9.6. Industrial9.7. Other Users
10. Global Laser Cutting Machine Market Forecast, 2020-2033 (USD Million)
10.1. Global Laser Cutting Machine Market Size and Market Share
11. Global Laser Cutting Machine Market, By Region, 2020-2033 (USD Million)
11.1. Global Laser Cutting Machine Market Size and Market Share By Region (2020-2026)11.2. Global Laser Cutting Machine Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific
11.3.1. Australia
11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. 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. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. 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. ALPHA Laser GmbH12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Amada Miyachi Company Ltd.12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Bystronic Incorporated12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Coherent Incoporation12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Epilog Laser Inc.12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. IPG Photonics Corporation12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.6.5. Jenoptik Laser GmbH12.6.6. Company details12.6.7. Financial outlook12.6.8. Product summary12.6.9. Recent developments12.7. Trumpf GmbH+ Co. Kg12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Salvaginini.12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Messer12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
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
Laser Cutting Machine Market is projected to reach USD 14.88 billion by 2033, growing at a CAGR of 9.54% during the forecast period.
Laser Cutting Machine Market size from 2022. The Market is expected to reach USD 14.88 billion by 2033, at a CAGR of 9.54% during the forecast period.
Laser Cutting Machine Market CAGR of 9.54% during the forecast period.
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Laser Cutting Machine Market size is 14.88 billion from 2024 to 2033.
Laser Cutting Machine Market Segment is covered By Technology, By Process, By End User Industry..
The North America anticipated to have the highest market share in the Laser Cutting Machine Market.
The key players in the market include Companies Covered ALPHA Laser GmbH, Amada Milyachi Company Ltd., Bystronic Incorporated, Coherent Incorporation, Epilog Laser Inc., Jenoptik Laser GmbH, IPG Photonics Corporation, Trumpf GmbH+ Co. Kg, Salviginini, Messer..
New developments in technology pose serious challenges to the sector. In order to meet customer needs and maintain their competitiveness, manufacturers can keep up with the most recent developments.
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