888-776-0942 from 8 AM - 10 PM ET
NEW YORK , July 15, 2022 /PRNewswire/ -- The laser cutting machine market size is expected to grow by USD 1.25 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 4.91% as per the latest market report by Technavio. The increasing focus on automating the metal cutting process is one of the key drivers fueling the laser cutting machine market growth. Robots are used to enhance the laser cutting process. The application of robotics in the metalworking industry ranges from applications such as cutting, cleaning of various materials, marking, and drilling. An automated system enables the operation to be performed without the guidance of an operator and takes much less time compared with a manual cutter, besides the minimization of raw material wastage. The critical processes that require an expert operator are controlled and managed by computer numeric control (CNC) controls, eliminating possible errors and improving the overall consistency and efficiency. Advanced versions of CAM software can detect complex profiles of parts and materials to be cut and insert the required machine codes automatically. This helps modify the lead-out, lead-in, cutting speed, and gas mixture to increase the cut quality. The flexibility in the usage of automated solutions and the standardization of laser cutting machines have increased the demand for automated laser cutting machines among end-user industries. This, in turn, will drive the market growth during the forecast period.
Refine your marketing strategies by knowing more about drivers along with the market challenges - Request a sample report now!
The laser cutting machine market is segmented 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 ).
To know about the accurate prediction of the contribution of all the segments including product landscape - Grab a sample!
The laser cutting machine market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
Laser Cutting Machine Market Scope
Decelerate at a CAGR of 4.91%
APAC, Europe, North America, South America, and 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 future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET