The
market was valued at USD 8.76 billion in 2013 and is expected to
reach USD 17.26 billion by 2020, growing at a CAGR of 10.2% from 2014
to 2020. Asia Pacific was the largest contributor to global laser
processing market in 2013 and is expected to be the fastest growing
market for laser processing during the forecast period with a CAGR of
10.9% from 2014 to 2020. The rapid growth of laser processing
technologies in automobile, consumer electronics and other industries
of Asia Pacific region, particularly across countries such as China,
Japan and South Korea is driving the growth of laser processing
market in Asia Pacific region.
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Laser Processing Market Report with Full TOC at
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Laser
technology offers high advantages such as high speed, minimal
material wastage, high output power and low noise pollution as
compared to the other conventional methods. This is expected to be
the most important factor for high adoption rate of this technology
in near future. Laser technology provides high precision cutting,
welding and drilling with less damage to the material. This has
encouraged manufacturers in different industries including
automotive, aerospace, original equipment manufacturers (OEM) and
others to adopt laser technology in material processing. Furthermore,
government regulations regarding permanent and clear mark on consumer
goods leads to wide adoption of laser technology across multiple
industries namely pharmaceuticals, food, beverages and other goods.
Different
laser products include gas lasers, solid-state lasers, fiber lasers
and others. Amongst these, gas lasers are the most common type of
lasers used for material processing and marking due to their high
output power capabilities. Gas lasers accounted for 60.2% of the
total laser processing market in 2013.
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Asia
Pacific led the global laser processing market in 2013 with the share
of 42.6% of the global market. This was mainly due to rising adoption
of laser technology for material processing across aerospace and
automotive industries among others.
The
global market for laser processing was dominated by leading players
such as Trumpf GmbH + Co. KG, Amada Co. Ltd. and Han’s Laser
Technology Co. Ltd. which collectively accounted for more than 40%
share in 2013. Other important players in the market include Coherent
Inc., Rofin-Sinar Technologies Inc., Bystronic AG, Prima Industrie
S.p.A., Jenoptik Laser GmbH, IPG Photonics Corporation and others.
The competitive rivalry among these companies is high and is expected
to remain the same over forecast period.
The
report studies the global laser processing market, and provides
estimates in terms of revenue (USD million) from 2012 to 2020. Market
estimates are provided on the basis of product type, process, end-use
industry and geography. The market has been segmented as follows:
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Press Release Laser Processing Market
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Market
Segmentation of Global Laser Processing Market:
Laser
Processing Market, by Product Type
- Gas Lasers
- Solid-state Lasers
- Fiber Lasers
- Other (Semiconductor, Excimer, Dye) Lasers
Laser
Processing Market, by Process
- Material Processing
- Marking and Engraving
- Micro-processing
Laser
Processing Market, by End-use Industry
- Automotive Industry
- Aerospace Industry
- Original Equipment Manufacturers (OEM) Industry
- Electronics and Microelectronics Industry
- Medical Devices and Treatment i=Industry
- Packaging
Laser
Processing Market, by Geography
- North America
- Europe
- Asia -Pacific
- Rest of the World (RoW)
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