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CO2 Laser Cutting Machine Market

CO2 Laser Cutting Machine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

CO2 Laser Cutting Machine Market: Introduction

CO2 laser cutting machines are a tool used in a broad range of industries for precision cutting and designing projects. The laser cutting machine gives out a high powered laser beam to either cleanly cut or carve a specific design on materials such as steel, plastic, or wood. Laser cutting is mainly a thermal process in which a focused laser beam is applied to melt material. A co-axial gas jet is used to discharge the molten material and create a kerf. A continuous cut is made by moving the laser beam or workpiece under CNC control. Most lasers have high power capacity CO2 lasers and the capacity to cut through even steel plates. Metals such as stainless steel and aluminum can be cut with a laser when compressed gas technology is applied.

Key Drivers of the CO2 Laser Cutting Machine Market

  • The increase in globalization has led to huge demand among consumers for final products to the micron level. Moreover, end-users are widely adopting these machines to produce high-quality products in minimal time. The increasing trend of automation is enabling manufacturers to automate various processes including laser cutting.
  • CO2 laser cutting machines precisely cut parts and patterns at higher speeds with consistent results. Manufacturers are investing in automation of laser cutting due to the minimal downtime and energy conservation needs. Key players are inclined toward reducing the price of these machines owing to the intense competition among vendors. The presence of a vast number of manufacturers have enabled them to follow the pricing strategy to lessen the cost and profit from a considerable market share. Rise in demand for improved machining tools and equipment is driving the adoption of these lasers. They are widely used in laser printing, dye laser pumping, and barcode reading and for making holograms. Such factors drive the demand for the product in the market.

Advanced technology creating opportunities in the CO2 laser cutting machine market

Advancement in technology and introduction of high class equipment have enabled laser cutting machines to find usage in the healthcare sector too. Other major niche segments where laser cutting machines are used are metal fabricators, where laser cutting machines play a prominent role to produce superior quality metal parts with minute finishing works. With the launch of laser cutting machines, even complicated spatial components such as hot shaped sheets, vehicle bodies, and tubes can be cut with precision and accuracy. Fitness equipment manufacturers use this technology to produce the desired complex shapes within a short frame of time and also with a good finishing. These factors create new opportunities for the product in the market.

High cost a restraint of the CO2 laser cutting machine market

CO2 laser cutting machines are rather expensive. Also, parts of CO2 laser cutting machine are costly. This high cost of application of these devices, lack of technical expertise, and high power consumption are expected to make the industry growth difficult and may restrain the CO2 laser cutting machine market.

North America the dominant market

North America accounts for highest share in the target market in terms of revenue contribution due to increased adoption of CO2 laser cutting machines by various end-users such as automotive, manufacturing, defense industries etc. in the region. In addition, the increasing application of CO2 laser cutting machines among defense and consumer electronics etc. in countries such as the U.S, and Canada is expected to trigger demand for CO2 laser cutting machines. Moreover, the strong growth in industries that use laser cutting machines to produce semiconductors, consumer electronics, and automotive components is expected to drive demand in other regions too. These factors are expected to propel growth of the CO2 laser cutting machine market in the region.

Key players operating in the global market

Companies are working on product innovation and development to expand their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the CO2 laser cutting machine market are:

  • Trumpf Laser GmbH + Co. KG
  • Rofin-Sinar Technologies Inc.
  • IPG Photonics Corporation
  • Koike Aronson Inc.
  • CTR Lasers
  • Universal Laser Systems Inc.

CO2 Laser Cutting Machine Market: Research Scope

CO2 Laser Cutting Machine Market, by Process

  • Flame cutting
  • Fusion cutting
  • Sublimation cutting

CO2 Laser Cutting Machine Market, by Application

  • Automotive Industry
  • Consumer Electronics
  • Aerospace & Defense Industry
  • Other Manufacturing Industry

CO2 Laser Cutting Machine Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the CO2 laser cutting machine market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

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