Global Laser Cutting Machine Market Overview And Prospects – Includes Laser Cutting Machine Industry
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The global laser cutting machine market is expected to grow from $4.34 billion in 2021 to $4.52 billion in 2022 at a compound annual growth rate (CAGR) of 4.16%. The global laser cutting machines market size is expected to reach $6.44 billion in 2026 at a compound annual growth rate (CAGR) of 9.27%.
The increasing demand for automobiles is expected to drive the laser cutting machine market.
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The laser cutting machine market consists of sales of laser cutting machines by entities (organizations, sole traders, and partnerships) that is used for precision cutting and designing projects in a wide range of industries. Laser cutting machines emit a high-powered laser beam to either cleanly cut or carve a specific design on materials such as steel, plastic, or wood and are mostly used for industrial manufacturing applications.
Global Laser Cutting Machine Market Segments Include:
By Technology: Solid State, Gas, Semiconductor
By Process: Fusion Cutting, Flame Cutting, Sublimation Cutting
By End User Industry: Automotive, Consumer Electronics, Defense and Aerospace, Industrial, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global laser cutting machine market in 2021.
The introduction of new technologies for improving machines is a key trend gaining popularity in the laser cutting machine market. The incorporation of technologies such as self-centering clamping technology is playing important role in machine improvements and resulted in smarter and more efficient machines. Key players are focusing on offering technologically advanced laser cutting machines to enable significant efficiency and maximum output to strengthen their market position.
TBRC’s Laser Cutting Machine Market Report Covers:
Major Market Players: Coherent Inc, Trumpf Laser GmbH Co KG, Han’s Laser Smart Equipment Group Co Ltd, IPG Photonics Corporation, Jenoptik Laser GmbH, Lumentum, LaserStar, Epilog Laser, Amada Miyachi Company Ltd, Bystronic Incorporated, Kern Laser Systems, Jinan SENFENG Technology Co Ltd, Mazak Optonics Corporation and DMG MORI.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Laser Cutting Machine Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides laser cutting machine market overviews, analyzes and forecasts market size, share, laser cutting machine market players, laser cutting machine market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s laser cutting machine market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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