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.
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.
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 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.
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:
CO2 Laser Cutting Machine Market, by Process
CO2 Laser Cutting Machine Market, by Application
CO2 Laser Cutting Machine Market, by Region
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.