Laser Cutting Machine Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook: SPER Market Research

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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.

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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:	Solid-State Lasers Gas Lasers Semiconductor Lasers
By Process:	Fusion Cutting Flame Cutting Sublimation Cutting
By End User Industry:	Automotive Consumer Electronics Defense and Aerospace Industrial Other Users

Key Topics Covered in the Report:

Global Laser Cutting Machine Market Size (FYâ€™2024-FYâ€™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 (FYâ€™2024-FYâ€™2033)

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. 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. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERâ€™s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Laser Cutting Machine Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2027-2033
7.3. Solid-State Lasers
7.4. Gas Lasers
7.5. 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, 2020-2026
8.2. Global Laser Cutting Machine Market Size, Share and Forecast, By Process, 2027-2033
8.3. Fusion Cutting
8.4. Flame Cutting
8.5. 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, 2020-2026
9.2. Global Laser Cutting Machine Market Size, Share and Forecast, By End User Industry, 2027-2033
9.3. Automotive
9.4. Consumer Electronics
9.5. Defense and Aerospace
9.6. Industrial
9.7. 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. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France
11.4.2. Germany
11.4.3. Italy
11.4.4. Spain
11.4.5. United Kingdom
11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Qatar
11.5.4. South Africa
11.5.5. Egypt
11.5.6. Morocco
11.5.7. Nigeria
11.5.8. Rest of Middle East & Africa
11.6. North America
11.6.1. Canada
11.6.2. Mexico
11.6.3. United States
11.7. Latin America
11.7.1. Argentina
11.7.2. Brazil
11.7.3. Rest of Latin America

12. Company Profile

12.1. ALPHA Laser GmbH
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Amada Miyachi Company Ltd.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Bystronic Incorporated
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Coherent Incoporation
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Epilog Laser Inc.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. IPG Photonics Corporation
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.6.5. Jenoptik Laser GmbH
12.6.6. Company details
12.6.7. Financial outlook
12.6.8. Product summary
12.6.9. Recent developments
12.7. Trumpf GmbH+ Co. Kg
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Salvaginini.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Messer
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. 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.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Laser Cutting Machine Market?

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.

What is the growth rate of the Laser Cutting Machine Market?

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.

What is the anticipated CAGR of the Laser Cutting Machine Market?

Laser Cutting Machine Market CAGR of 9.54% during the forecast period.

How can I get a sample report on the Laser Cutting Machine Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Laser Cutting Machine Market?

Laser Cutting Machine Market size is 14.88 billion from 2024 to 2033.

Which segment is expected to Laser Cutting Machine Market?

Laser Cutting Machine Market Segment is covered By Technology, By Process, By End User Industry..

Which region is expected to have the highest market share in the Laser Cutting Machine Market?

The North America anticipated to have the highest market share in the Laser Cutting Machine Market.

Who are the key players in 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..

What is the conclusion of the Laser Cutting Machine Market?

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.