This market research report from Technavio segments the fiber laser market in Europe by application and includes segments like material processing, advanced applications, medical applications, and others. The report also provides an analysis of the key vendors, including Coherent Inc., IPG Photonics Corp., Rofin-Sinar Technologies Inc., and Trumpf Inc.
Technavio has released updated information on the fiber laser market, with the publication of its new market research report, fiber laser market in Europe. The fiber laser market in Europe is expected to generate revenues worth $980 million between 2015 and 2019. Factors like their superior performance, longer lifespan, high efficiency, and eco-friendly nature are responsible for this market’s impressive growth rate during the forecast period. Fiber lasers are preferred over other lasers as they are more reliable, efficient, robust, and portable than CO2 lasers.
“Currently, the vendors in the fiber laser market in Europe are developing eco-friendly fiber lasers, which are focused on saving energy. These lasers have gained huge traction in the European market as they produce much lower CO2 emissions and deliver improved performance compared to other alternative technologies. Also, fiber lasers offer several benefits such as reduced energy consumption, reduced wastage, and the usage of non-hazardous materials,” says Navin Rajendra, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The demand for fiber lasers is increasing in the automotive industry due to their ease in cutting high-strength steel, which is used for manufacturing automobiles. Fiber lasers have helped automobile manufacturers in cost and energy savings during production. Also, the automobile manufacturers are increasingly using laser welding and cutting.
The leading vendors in the fiber laser market in Europe include Coherent Inc., IPG Photonics Corp., Rofin-Sinar Technologies Inc., and Trumpf Inc. This market is characterized by the presence of well-established vendors who are increasingly adopting new technologies to gain prominence in the market. Since this market has high entry barriers, the entry of new vendors is restricted. Additionally, the growing focus on establishing good relations with customers will help vendors to increase their revenue generation capacity during the forecast period.
A more detailed analysis is available in the Technavio report, Fiber Laser Market in Europe – Industry Analysis 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other related Reports:
- Global Industrial Fiber Laser Market 2014-2018
- Global Fiber Laser Market 2014-2018
- Global Fiber Laser Market 2012-2016
- Global Industrial Laser Market 2015-2019
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