Laser Cutting Machines Market
Laser Cutting Machines Market Forecasts to 2030 - Global Analysis By Type (Carbon Dioxide (CO2) Laser Cutting Machines, Fiber Laser Cutting Machines, Solid-State Laser Cutting Machines, Nd Laser Cutting Machines, Semiconductor Laser Cutting Machines and Other Types), Function, Process, Application, End User and By Geography
According to Stratistics MRC, the Global Laser Cutting Machines Market is accounted for $7.6 billion in 2024 and is expected to reach $11.9 billion by 2030 growing at a CAGR of 7.7% during the forecast period. High-powered lasers are used by sophisticated devices called laser cutting machines to quickly and precisely cut through materials. They function by projecting a laser beam onto a material's surface, melting, burning, or vaporizing it in the direction that is intended. High accuracy, complex design possibilities, and low material waste are all provided by this technique. Laser cutting machines are used in the automotive, aerospace, textile, and manufacturing industries. They can be automated and incorporated into larger industrial processes, which increases productivity and efficiency. Depending on the material and thickness, a variety of lasers, such as CO2 and fiber lasers, can be used.
Market Dynamics:
Driver:
Rise of automation across industries
Automation in laser cutting equipment enables for seamless production flow, eliminating downtime and maximizing output. Industry 4.0 technologies allow operators to optimize performance and resolve problems by remotely monitoring and controlling laser cutting machines. Additionally, automated material handling is a feature of modern systems that guarantees fast cutting speeds and never stops, streamlining the production cycle as a whole the production lines with automation integrated into them can operate around the clock.
Restraint:
Significant upfront investments
Laser cutting machines range from tens of thousands to hundreds of thousands of dollars, laser cutting machines can be a major hurdle for SMEs. This may restrict their capacity to implement cutting-edge production techniques and lower their level of market competition. Furthermore, the initial installation expenses may put strain on investors' finances and discourage them from making further investments; businesses may put off or decide not to buy laser cutting equipment at all.
Opportunity:
Manufacturing practices shift towards sustainability
As manufacturers look to lessen their environmental impact, there is an increasing need for environmentally friendly solutions. Laser cutting methods are considered a sustainable solution since they generate very little material waste. New developments in laser technology have produced devices with lower energy consumption and higher performance levels. Since fiber lasers use less energy than CO2 lasers and are more in line with sustainability objectives, they are the favored option.
Threat:
Health and safety concerns
Toxic vapors, fumes, and particles are produced during laser cutting procedures, especially when cutting materials like metal and plastic. Respiratory hazards, such as chronic illnesses like asthma and bronchitis, are associated with these toxins. Companies may be discouraged from implementing laser cutting technology if they inhale these dangerous pollutants. Strict safety precautions are required due to the strong laser beams' potential to cause serious burns and eye damage. In addition to raising operational complexity and expenses, this risk may result in increased insurance rates or liability problems.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the laser cutting machines market, leading to a decline in demand due to global lockdowns and supply chain disruptions. Manufacturing slowdowns, particularly in the automotive sector, resulted in reduced investments in new equipment. Ongoing projects faced delays, further hampering market growth. However, the crisis also highlighted the need for automation and flexibility, potentially increasing future adoption of laser cutting technology as companies seek to streamline operations and enhance resilience against disruptions
The fiber laser cutting machines segment is expected to be the largest during the forecast period
Over the estimation period, the fiber laser segment is likely to capture the largest market share as they are faster and more efficient, increasing production and enabling firms to fulfill orders rapidly. Because of their effective design, they also have fewer running expenses, which eventually leads to larger profit margins. Fiber lasers are becoming widely used in many different industries due to their ability to cut a broad variety of materials, including metals, polymers, and composites. These industries include consumer electronics, automotive, and aerospace.
The flame cutting segment is expected to have the highest CAGR during the forecast period
The flame cutting segment is expected to register lucrative growth during the estimation period owing to the advantages of both technologies, providing faster and better finishes at a reasonable price. This invention might draw customers looking for accuracy and effectiveness, boosting competitiveness in the industry. Manufacturers of laser cutting equipment are under pressure from flame cutting to constantly innovate and improve their products, which could result in improvements to laser technology such as increased speed and energy efficiency.
Region with largest share:
Over the forecasted timeframe, the North America is region is anticipated to dominate the market share owing to the growing demand for customized goods and components, as well as the adoption of automation and precision production. To stay competitive, major competitors in the market like TRUMPF, Bystronic, Amada, Mazak, and Hypertherm prioritize innovation and technological breakthroughs.
Region with highest CAGR:
The Asia Pacific is region is predicted to witness the lucrative growth rate throughout the forecast period owing to their precise component cutting and shaping requirements, the automotive and electronics industries particularly those in China and India are heavy users of laser cutting machines. The market for laser cutting machines is expanding due in part to government measures that support technical innovation and sophisticated manufacturing, which in turn increases investment in laser technology.
Key players in the market
Some of the key players in Laser Cutting Machines Market include Amada, Bystronic, Coherent Inc, Epilog Laser, Hanslaser, HGTECH, IPG Photonics, Jinan Bodor CNC Machine Co., Ltd., LVD Strippit, Mazak, Messer, Mitsubishi, PrimaPower, Salvagnini Group and Trumpf.
Key Developments:
In September 2024, Coherent Corp. announced the launch of its 200 mm silicon carbide epitaxial wafers (SiC epi-wafers). Substrate and epi-wafer shipments from the company at 350 micron and 500 micron thickness are now underway.
In September 2024, Coherent Corp. announced an uncooled dual-chip 980 nm micro-pump laser delivering a powerful 2x400 mW output. The new laser is delivered in a compact 3-pin module, making it the ideal choice for next-generation coherent transceivers.
In August 2024, Mitsubishi Motors North America, Inc is celebrating dealer partners who go above and beyond for their communities. They provide more than just a great place to buy a car they help their hometowns thrive in the good times and heal in the challenging times.
Types Covered:
• Carbon Dioxide (CO2) Laser Cutting Machines
• Fiber Laser Cutting Machines
• Solid-State Laser Cutting Machines
• Nd Laser Cutting Machines
• Semiconductor Laser Cutting Machines
• Other Types
Functions Covered:
• Robotic
• Semi-Automatic
Processes Covered:
• Fusion Cutting
• Flame Cutting
• Sublimation Cutting
• Remote Cutting
• Other Processes
Applications Covered:
• Sheet Metal Cutting
• Prototyping & Custom Parts Manufacturing
• Micro-Components & Thin Film Cutting
• Tool and Die Cutting
• Architectural Designs
• Other Applications
End Users Covered:
• Automotive
• Aerospace & Defense
• Electronics & Semiconductors
• Industrial
• Construction
• Medical Devices
• Furniture & Interior Design
• Packaging
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Laser Cutting Machines Market, By Type
5.1 Introduction
5.2 Carbon Dioxide (CO2) Laser Cutting Machines
5.3 Fiber Laser Cutting Machines
5.4 Solid-State Laser Cutting Machines
5.5 Nd Laser Cutting Machines
5.6 Semiconductor Laser Cutting Machines
5.7 Other Types
6 Global Laser Cutting Machines Market, By Function
6.1 Introduction
6.2 Robotic
6.3 Semi-Automatic
7 Global Laser Cutting Machines Market, By Process
7.1 Introduction
7.2 Fusion Cutting
7.3 Flame Cutting
7.4 Sublimation Cutting
7.5 Remote Cutting
7.6 Other Processes
8 Global Laser Cutting Machines Market, By Application
8.1 Introduction
8.2 Sheet Metal Cutting
8.3 Prototyping & Custom Parts Manufacturing
8.4 Micro-Components & Thin Film Cutting
8.5 Tool and Die Cutting
8.6 Architectural Designs
8.7 Other Applications
9 Global Laser Cutting Machines Market, By End User
9.1 Introduction
9.2 Automotive
9.3 Aerospace & Defense
9.4 Electronics & Semiconductors
9.5 Industrial
9.6 Construction
9.7 Medical Devices
9.8 Furniture & Interior Design
9.9 Packaging
9.10 Other End Users
10 Global Laser Cutting Machines Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Amada
12.2 Bystronic
12.3 Coherent Inc
12.4 Epilog Laser
12.5 Hanslaser
12.6 HGTECH
12.7 IPG Photonics
12.8 Jinan Bodor CNC Machine Co., Ltd.
12.9 LVD Strippit
12.10 Mazak
12.11 Messer
12.12 Mitsubishi
12.13 PrimaPower
12.14 Salvagnini Group
12.15 Trumpf
List of Tables
1 Global Laser Cutting Machines Market Outlook, By Region (2022-2030) ($MN)
2 Global Laser Cutting Machines Market Outlook, By Type (2022-2030) ($MN)
3 Global Laser Cutting Machines Market Outlook, By Carbon Dioxide (CO2) Laser Cutting Machines (2022-2030) ($MN)
4 Global Laser Cutting Machines Market Outlook, By Fiber Laser Cutting Machines (2022-2030) ($MN)
5 Global Laser Cutting Machines Market Outlook, By Solid-State Laser Cutting Machines (2022-2030) ($MN)
6 Global Laser Cutting Machines Market Outlook, By Nd Laser Cutting Machines (2022-2030) ($MN)
7 Global Laser Cutting Machines Market Outlook, By Semiconductor Laser Cutting Machines (2022-2030) ($MN)
8 Global Laser Cutting Machines Market Outlook, By Other Types (2022-2030) ($MN)
9 Global Laser Cutting Machines Market Outlook, By Function (2022-2030) ($MN)
10 Global Laser Cutting Machines Market Outlook, By Robotic (2022-2030) ($MN)
11 Global Laser Cutting Machines Market Outlook, By Semi-Automatic (2022-2030) ($MN)
12 Global Laser Cutting Machines Market Outlook, By Process (2022-2030) ($MN)
13 Global Laser Cutting Machines Market Outlook, By Fusion Cutting (2022-2030) ($MN)
14 Global Laser Cutting Machines Market Outlook, By Flame Cutting (2022-2030) ($MN)
15 Global Laser Cutting Machines Market Outlook, By Sublimation Cutting (2022-2030) ($MN)
16 Global Laser Cutting Machines Market Outlook, By Remote Cutting (2022-2030) ($MN)
17 Global Laser Cutting Machines Market Outlook, By Other Processes (2022-2030) ($MN)
18 Global Laser Cutting Machines Market Outlook, By Application (2022-2030) ($MN)
19 Global Laser Cutting Machines Market Outlook, By Sheet Metal Cutting (2022-2030) ($MN)
20 Global Laser Cutting Machines Market Outlook, By Prototyping & Custom Parts Manufacturing (2022-2030) ($MN)
21 Global Laser Cutting Machines Market Outlook, By Micro-Components & Thin Film Cutting (2022-2030) ($MN)
22 Global Laser Cutting Machines Market Outlook, By Tool and Die Cutting (2022-2030) ($MN)
23 Global Laser Cutting Machines Market Outlook, By Architectural Designs (2022-2030) ($MN)
24 Global Laser Cutting Machines Market Outlook, By Other Applications (2022-2030) ($MN)
25 Global Laser Cutting Machines Market Outlook, By End User (2022-2030) ($MN)
26 Global Laser Cutting Machines Market Outlook, By Automotive (2022-2030) ($MN)
27 Global Laser Cutting Machines Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
28 Global Laser Cutting Machines Market Outlook, By Electronics & Semiconductors (2022-2030) ($MN)
29 Global Laser Cutting Machines Market Outlook, By Industrial (2022-2030) ($MN)
30 Global Laser Cutting Machines Market Outlook, By Construction (2022-2030) ($MN)
31 Global Laser Cutting Machines Market Outlook, By Medical Devices (2022-2030) ($MN)
32 Global Laser Cutting Machines Market Outlook, By Furniture & Interior Design (2022-2030) ($MN)
33 Global Laser Cutting Machines Market Outlook, By Packaging (2022-2030) ($MN)
34 Global Laser Cutting Machines Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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