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NEW YORK , Aug. 26, 2022 /PRNewswire/ -- The Laser Cutting Machine Market size is expected to grow by USD 1.25 billion during 2021-2026, during the forecast period. The report extensively covers laser cutting machine market segmentation by end-user (automotive, aerospace and defense, electrical and electronics, industrial machinery, and others), product (fiber, solid-state, diode, and others), and geography (APAC, Europe , North America , South America , and the Middle East and Africa ).
One of the main factors driving the growth of the laser cutting machine market is the growing emphasis on automating the metal cutting process. One of the important market trends driving the growth of the laser cutting machine industry is the increasing digitization of industrial processes. However, one of the major factors impeding the growth of the laser cutting machine market is the accessibility of substitute machine tools for metal cutting applications.
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APAC will account for 58% of market growth. The main markets for laser cutting machines in APAC are China , South Korea , and Japan . This region's market will expand more quickly than those in other areas. Over the projection period, the availability of a competent workforce will support market expansion for laser cutting machines in APAC. Get a Free Sample Report.
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Laser Cutting Machine Market Scope
Decelerate at a CAGR of 4.91%
APAC, Europe, North America, South America, Middle East, and Africa
US, China, South Korea, Japan, and Germany
Leading companies, Competitive Strategies, Consumer engagement scope
ALPHA LASER GmbH, AMADA Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Chutian Laser, Coherent Inc., El.En. Spa, Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Bond Laser Co., Koike Aronson Inc., LZK CNC Machine Tool Anhui Manufacturing Co. Ltd., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., PRIMA INDUSTRIE Spa, Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF GmbH Co. KG, Universal Laser Systems Inc., and Yamazaki Mazak Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
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