Laser Cutting Machines Market
Laser Cutting Machines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Press Release :
Laser Cutting Machines Market - Snapshot
Unlike manual work, laser-cutting machines can assist in the engraving and cutting of the fabric with high level of accuracy. The global laser cutting machines market is expected to observe considerable growth over the years of projection due to high return on investment and diminished generation of waste.
Laser cutting machines utilize a technology that directs the product of a high-powered laser. The laser beam is used in cutting different types of materials like metals. These cutting machines then utilize the technology to direct the output. Laser beam works on material burning, melting, or blowing away to produce a high quality finish. This technology is utilized across various industries and by several amateurs to make high quality products.
Adoption of Digital Technology to Offer Competitive Edge to Market Vendors
Players found in the global laser cutting machines market is estimated to take up digitalization in the manufacturing processes to gain competitive advantage.
Some of the benefits of laser cutting machines are mentioned as below
- High accuracy and precision cuts
- Can handle complicated jobs
- High utilization of sheet with less wastage
- Causes no warping or damage even to thin materials
- Consumption of power is quite low
- Low lead times leads to low costs
Integration of digital technology into the manufacturing process has emerged as one of the leading trends in the global laser cutting machines market.
The demand within the global market for laser cutting machines has been on a rise over the past decade, majorly due to substantial developments in the field of industrial manufacturing. Laser cutting involves the use of high-power laser beams to cut through several solid materials, and this technique has become an indispensable part of multiple industries. Furthermore, the use of lasers to cut through materials adds a mark of precision and meticulousness to the whole process. Owing to the aforementioned factors the demand within the global market for laser cutting machines has been escalating at a robust rate over the past decade. The use of laser cutting machines is not just restricted to the industrial sector, and several other sectors viz. medicine, healthcare, and government deploy these machine for multiple purposes.
Amongst the key drivers of demand, the growth of the automotive, aerospace, and metallic industry has played a pivotal role in enhancing the growth of the global market for laser cutting machines. Furthermore, the demand for metal-cutting technologies that use less energy and are user-friendly has also created growth opportunities within the global market for laser cutting machines.
A report by Transparency Market Research (TMR) predicts that the global market for laser cutting machines would expand at a healthy CAGR of 10.30% over the period between 2014 and 2020. The global market for laser cutting machines was valued at USD 2.43 billion in 2014, as evaluated by the analysts at TMR.
Solid State Lasers Gaining Popularity across the Globe
Based on the type of laser, the global market for laser cutting machines is dominated by solid state lasers due to their increased efficiency and better precision. Furthermore, key industries such as automotive, aerospace, defense, and consumer electronics also use solid state lasers for a variety of applications. The other types of lasers including gas lasers and semiconductor lasers have also been attracting commendable demand over the past decade. Based on the process deployed for laser cutting, the global market is segmented into flame cutting, sublimation cutting, and fusion cutting. Laser flame cutting techniques are used across a wide array of industries due to the sharpness and swiftness offered by such techniques. Based on end-use industries, the demand for laser cutting machines has been the highest across the automotive sector. Other key end-use industries include defense and aerospace, consumer electronics, and healthcare amongst others. It is safe to project that the boisterous rate of industrialization that has offset across the globe would push the growth rate of the global market for laser cutting machines.
North America to Lead Other Geographical Segments
The demand within the market for laser cutting machines in North America has been escalating at a robust rate, majorly due to the sophisticated nature of the industrial sector in the US and Canada. Furthermore, the market for laser cutting machines in North America has also gained momentum due to the incentives provided by governments towards accelerating the speed of production across multiple industries. India and China have witnessed a series of developments in the industrial sector, which has in turn fuelled the growth of the market for laser cutting machines in Asia Pacific.
Some of the key players in the global laser cutting machines market are ALPHA Laser GmbH, Amada Miyachi CO, and Bystronic Incorporation.
The laser cutting machine is a machine which uses laser beam to cut materials such as acrylic, plastic, wood, fabric, and many other non-metallic materials. The laser cutting machines initially casts laser beam on the surface of work piece, melts it and finally evaporates the particular area of work piece using the energy released by laser. Furthermore, the laser cutting technique is able to improve working efficiency and reduce cost. Laser cutting machines are widely used to process metal and non-metal materials. It also symbolizes significant manufacturing tools, which are important to the production of a range of finished goods and manufactured parts.
Among all the application segments, industrial segment holds the largest market share at present in the laser cutting machines market. However, consumer electronics and defense and aerospace are expected to be the fastest growing application segments globally. The global laser cutting machines market is expected to witness a substantial growth during the forecast period. This is due to its increasing demand across various end use industries such as automotive, consumer electronics, defense and aerospace, industrial and others globally.
This market research study analyzes the laser cutting machines market on a global level and provides estimates in terms of revenue (USD billion) from 2014 to 2020. The report identifies the drivers and restraints impacting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.
North America represents the largest market for laser cutting machines. In 2014, North America accounted for more than 30% revenue share in the global laser cutting machines market. However, Asia-Pacific is the growing at a CAGR of 12.8% from 2014 to 2020. The region is expected to be the fastest growing region due to significant growth in GDP of countries such as China, India, South Korea, Singapore, Taiwan and several others. Moreover, positive growth prospects in GDP of these countries is expected to help the region to dominate the laser cutting machines market in the coming few years.
The report segments the market on the basis of geography as North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW) and these have been estimated in terms of revenue (USD million). In addition, the market is segmented based on the technology, which includes solid state lasers, gas lasers and semiconductor lasers. Moreover, the market is segmented on the basis of process as fusion cutting, flame cutting and sublimation cutting. Furthermore, the market is segmented based on the end use industry, which include automotive, consumer electronics, defense and aerospace, industrial and others. All these segments have also been estimated on the basis of geography in terms of revenue (USD million).
For better understanding of the laser cutting machines market, we have given a detailed analysis of the supply chain. A detailed Porter’s five forces analysis has been given for a better understanding of the intensity of the competition present in the market. Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.
The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company overview, financial overview, business strategies, SWOT analysis, and the recent developments in the field of laser cutting machines. Major market participants profiled in this report include Amada Miyachi CO, Bystronic Incorporation, ALPHA Laser GmbH, Coherent Incorporation, DPSS Lasers Incorporation, Trumpf Laser GMBH + Co. Kg and IPG Photonics Corporation among others.
Laser Cutting Machines Market: By geography
- North America
- Asia Pacific
- Rest of the World
Laser Cutting Machines Market: By technology
- Solid state lasers
- Gas lasers
- Semiconductor lasers
Laser Cutting Machines Market: By process
- Fusion cutting
- Flame cutting
- Sublimation cutting
Laser Cutting Machines Market: By end use industry
- Consumer electronics
- Defense and aerospace
The report provides a cross-sectional analysis of all the above segments with respect to the following regions:
- North America
- Asia Pacific (APAC)
- Rest of the World (RoW)