Global Laser Cutting Machine Market By Technology (Gas, Solid State, and Semiconductor), By Process (Fusion, Sublimation, and Flame), By Application (Automotive, Defence and Aerospace, Consumer Electronics, Industrial, and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032
- Published date: Nov 2021
- Report ID: 20861
- Number of Pages: 328
- Format:
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Laser Cutting Machine Market Overview
Global laser cutting machine sales were valued at USD 5,280.4 million in 2021. This market is expected to grow at a CAGR of 8.7% between 2023-2032.
These machines will be in high demand due to increasing automation in the manufacturing sector as well as the increased demand from the end-user market.
Global Laser Cutting Machine Market Analysis
Technology Analysis
Due to its low-power use, the solid-state will dominate this technology market. This technology is also being used extensively in medical applications, such as dermatology, endoscopy, and skin renewal. The demand for solid-state is expected to increase over the forecast period. Technological innovations in CO2 and fiber lasers allow for greater adoption in areas like healthcare, consumer electronics, military, and military. The gas segment is projected to grow at a CAGR of 9.1%, from 2023 to 2032. This laser is being used to increase the demand for high-quality machining equipment and tools. These lasers are commonly used for laser printing and dye laser pumping. They can also be used to read barcodes and make holograms.
Process Analysis
It is expected that the flame segment will dominate the market by 2032. The flame-based process is superior to all other processes in terms of quality and cutting speed. The flame-based process will see an increase in demand for cutting small alloys and carbon steel.
From 2023 to 2032, the Fusion segment will grow at a rate of 8.9%. This process is used for cutting steel and electric sheets in the prototyping and production of electric motors. This process will be a major player in the industry for the next few years due to its flexibility and quicker cutting speed.
Application Analysis
The laser cutting machine market is expected to be dominated by the industrial sector, which will account for a significant revenue share in 2032. This is due to the expansion of the industrial sector in developing nations around the world. These machines are increasingly used to clean parts and molds during manufacturing, which is contributing to the sector’s growth.
In the forecast period, consumer electronics will be the fastest-growing segment. These lasers are used to cut and weld consumer electronics. Laser-based machines can be used to cut printed circuit boards, iPhone display cases, and other consumer products. In addition, these devices have a short shelf life. This will likely increase the demand for the machines.
Key Market Segments
By Technology
- Gas
- Solid State
- Semiconductor
By Process
- Fusion
- Sublimation
- Flame
By Application
- Automotive
- Defense and Aerospace
- Consumer Electronics
- Industrial
- Other Applications
Market Dynamics
Consumers are increasingly looking for products that can be measured down to the micron scale because of globalization. The machines can be used to produce high-quality products in a very short time. Manufacturers can automate many processes such as laser cutting thanks to the increasing popularity of automation. These machines precisely cut parts and create patterns at higher speeds. They also produce consistent results. Laser cutting is now automated by manufacturers to reduce downtime and conserve energy.
Due to intense competition among vendors, key players have been focusing on cutting down the price of these machines. Due to a large number of manufacturers, they have been able to adopt the pricing strategy in order to reduce costs and gain significant market share. However, high costs associated with the implementation of these devices as well as a lack of technical expertise and high energy consumption will limit industry growth.
Regional Analysis
North America has expected a significant market due to the strong industrial sector. It accounted for 30.6% of global revenue in 2021 and is projected to be worth a lot by 2032.
The Asia Pacific is expected to be the fastest-growing region due to the presence of strong economies like Japan, China, and India. Regional growth is being driven by laser systems’ increasing adoption in the manufacturing sector. The strong growth in laser cutting industries for semiconductors, consumer electronics, and automotive components will drive demand.
Key Regions and Countries covered іn thе rероrt:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
Market Share & Key Players Analysis:
Rofin -Sinar Technologies Inc. and IPG Photonics Corporation are some major players in the laser cutting machine market. Jenoptik Laser GmbH is another prominent player, as are Kern Laser Systems and Amada Miyachi Co. Ltd. These players are involved with research and development activities in order to create products that conform to the regulations set by the government authorities. Intense competition has enabled market participants to develop innovative products with faster cycle times and more efficient cutting and engraving processes. The best ways to access emerging markets quickly are through partnerships and strategic investments.
Маrkеt Кеу Рlауеrѕ:
- Rofin-Sinar Technologies Inc.
- Coherent Inc.
- IPG Photonics Corporation
- Kern Laser Systems
- Jenoptik Laser GmbH
- Amada Miyachi Co. Ltd.
- Trumpf GMBH + Co. Kg
- Epilog Laser Inc.
For the Laser Cutting Machine Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)
Q: What is the size of the Laser Cutting Machine market in 2021?The Laser Cutting Machine market size is US$ 5,280.4 million in 2021.
Q: What is the projected CAGR at which the Laser Cutting Machine market is expected to grow at?A: The Laser Cutting Machine market is expected to grow at a CAGR of 8.7% (2023-2032).
Q: List the segments encompassed in this report on the Laser Cutting Machine market?Market.US has segmented the Laser Cutting Machine market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Technology, the market has been further divided into Gas, Solid State, and Semiconductor. By Process, the market has been segmented into Fusion, Sublimation, and Flame. By Application, the market has been further divided into Automotive, Defense and Aerospace, Consumer Electronics, Industrial, and Other Applications.
Q: List the key industry players of the Laser Cutting Machine market?Rofin-Sinar Technologies Inc., Coherent Inc., IPG Photonics Corporation, Kern Laser Systems, Jenoptik Laser GmbH, Amada Miyachi Co. Ltd., Trumpf GMBH + Co. Kg, Epilog Laser Inc., and Other Key Players are engaged in the Laser Cutting Machine market.
Q: Which region is more appealing for vendors employed in the Laser Cutting Machine market?North America is expected to account for the highest revenue share of 30.6%. Therefore, the Laser Cutting Machine industry in North America is expected to garner significant business opportunities over the forecast period.
Q: Name the key areas of business for Laser Cutting Machine?The US, India, China, Canada, UK, Japan, & Germany are key areas of operation for the Laser Cutting Machine Market.
Q: Which segment accounts for the greatest market share in the Laser Cutting Machine industry?With respect to the Laser Cutting Machine industry, vendors can expect to leverage greater prospective business opportunities through the Solid State segment, as this area of interest accounts for the largest market share.
Laser Cutting Machine MarketPublished date: Nov 2021add_shopping_cartBuy Now get_appDownload Sample - Rofin-Sinar Technologies Inc.
- Coherent Inc.
- IPG Photonics Corporation
- Kern Laser Systems
- Jenoptik Laser GmbH
- Amada Miyachi Co. Ltd.
- Trumpf GMBH + Co. Kg
- Epilog Laser Inc.
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