This market research report includes a detailed segmentation of the global laser cutting machine market by product type (CO2, fiber, and solid-state laser cutting machines) and by end-users (automotive, aerospace and defense, electrical and electronics, industrial and machinery, and others). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Coherent, Rofin-Sinar Technologies, Newport Corporation, IPG Photonics, and Trumpf.
Technavio’s market research analysts estimate the global laser cutting machine market to grow at a CAGR of 9% between 2016 and 2020. The advantages of laser cutting machines, including speed, integrated laser beam guide, minimal machine footprints, and high dynamics, endow them with a short cycle time, making these machines preferable to mechanical cutting. The market is expected to witness rise in use of laser cutting machines in oil and gas exploration activities over the next four years. APAC is the largest market for laser cutting machines, owing to heavy investments by the automotive, aerospace and defense, electrical equipment, industrial machinery, and other sectors.
The new market research report from Technavio provides a breakdown and analysis of the laser cutting machine segments by technology.
“Rapid industrialization in countries such as India and China along with other developing countries such as Brazil will further are expected to accelerate the demand for laser cutting machines over the next four years. Having found new application areas in the healthcare sector, laser cutting machines are being used for micro cutting applications. The other major application of laser cutting machines includes metal fabricators that make use of laser cutting machines to produce high-quality metal parts with less finishing works,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
The automotive sector is the largest end-user of global laser cutting machines, accounting for around 19% of the total market share. In the automotive sector, innovations in laser cutting technology, especially high-power laser application have gained acceptance. This can be attributed to the stringent norms in this sector with regard to reliability and quality of beam sources.
The leading vendors in the global laser cutting machine market include Coherent, Rofin-Sinar Technologies, Newport Corporation, IPG Photonics, and Trumpf. The market consists of many local and international players with very less product differentiation. Vendors are focusing more on adding technologically advanced and energy efficient products into their product portfolio. The market is highly competitive, and the competition is likely to intensify further with an increase in R&D innovations and after-sale services in the coming years. The key players in the market are expected to diversify their geographical presence with a focus on APAC during the forecast period.
A more detailed analysis is available in the Technavio report, Global Laser Cutting Machine Market 2016-2020.
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