According to the latest market research study by Technavio, the laser cutting machine market in the US is expected to grow at a CAGR of close to 6% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the laser cutting machine market in the US in terms of revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product
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The top three revenue contributing product segments are discussed below
Low-power fiber laser cutting machines: Low-power fiber laser cutting machines occupy the highest share in the laser engraving machine market in the US. They considerably grew in the micromaterials processing segment with double-digit growth in terms of percentage. Fiber laser cutter offers lower running cost, which is due to its higher electrical efficiency. Unlike in the conventional CO₂ laser cutter, the focusing lens in a fiber laser is sealed in the cutting head. Therefore, there is no requirement for frequent replacements, which results in reduced running and maintenance costs in a fiber laser machine.
“A fiber laser creates 200% more efficient light than a CO₂ laser. The delivery of light to the desired spot on a material is easier with a fiber laser as it does not require expensive optical mirrors. Such advantages of fiber laser machines over other laser cutting machines will ensure that their demand will thrive and fuel the growth of this segment,” says Sayani Roy, an industry expert at Technavio for research on tools and components.
Low-power CO₂ laser cutting machines: A CO₂ laser cutting machine is more effective, particularly on materials above 5 mm. It is faster in a straight line with a quick piercing time at the start of the cut. The co2 laser cutter offers an additional advantage of a smoother surface finish when cutting thicker materials. Such benefits will lead to the high adoption of CO₂ laser cutting machines, thereby fueling the segment’s growth.
Low-power solid-state laser cutting machines: The solid-state laser cutting segment occupied the least share in the laser cutting machine in the US. It is expected that the market’s growth will remain stagnant during the forecast period. The decline in the solid-state laser cutter segment can be due to its many disadvantages such as noise, the high cost of ownership, large size and operational challenges.
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The top vendors operating in the laser cutting machine market in the US are:
- Bystronic
- Coherent
- IPG Photonics
- Mazak Optonics
- TRUMPF
The other prominent vendors in the market include Vytek Laser Systems, Amada America, Jenoptik, Hypertherm, Cutlite Penta, DANOBATGROUP, CYLASER, Laser Photonics, BLM, Sahajanand Laser Technology, and Cincinnati.
A more detailed analysis is available in the Technavio market research report titled, ‘Laser Cutting Machine Market in The US 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Laser Cutting Machine Market 2016-2020
- Global Waterjet Cutting Machine Market 2016-2020
- Global Metal Cutting Machine Tools Market 2016-2020
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