Global
laser cutting machines market was valued at USD 2.16 billion in 2013,
growing at a CAGR of 10.3% from 2014 to 2020 to account for USD 4.37
billion in 2020.
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Laser Cutting Machines Market Report with Full TOC at
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Growing
vehicle production globally, rising demand for the aesthetics and
outclassing every other substitute tools available for cutting
materials are the prime factors driving the laser cutting machines
market. The increasing demand for sophisticated and high
technological devices such as LED televisions, smart phones and
personal computers are increasing rapidly. Laser cutting machines are
mainly used to cut printed circuit boards, plastic cases and
displays. The cut patterns provided by laser cutting machines are
very precise and offer consistent results at high speeds. Laser
cutting machines provide significant benefits for deliberation.
Moreover, cutting materials with the help of laser cutting machines
is a quiet and fast process.
Solid
state laser held the highest market revenue share accounting to USD
0.97 billion in the year 2014. Solid state lasers are potentially
high powered and extremely efficient due to small quantum defect. The
gas lasers are expected to grow at a faster rate than the other
segments over the next six years. Gas lasers are of low cost and
provide coherent lasers which are primarily used in industrial and
automotive sectors. Growing business and rapid industrialization in
the emerging economies of Asia-Pacific and the Rest of the World are
further expected to drive growth in the laser cutting machines market
over the forecast period i.e., from 2014 to 2020.
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The
flame cutting segment led the laser cutting machines market in 2014
accounting for USD 1.05 billion. The increasing automation in
manufacturing industry has increased the demand for laser cutting
machines in the industrial machineries and equipment. Laser cutting
machines eliminate the risk of material contamination as there is no
direct contact of the work piece with the cutting instrument. Fusion
cutting is analyzed to be the fastest growing segment for laser
cutting machines market and is expected to attain a significant
growth in the recent future. The fusion cutting is expected to grow
with a CAGR of 10.7% over the forecast period i.e., from 2014 to
2020.
Industrial
segment was holding the highest market revenue share accounting to
USD 0.65 billion in the year 2014. The dominance of this segment is
due to growing industrialization in emerging countries globally.
Automotive industry is the second most prominent end use industry in
the laser cutting machines market. Automotive industry accounted for
USD 0.56 billion in the year 2014. Laser cutting machine is an
advanced technology of automobile production which is utilized to
make high-quality car accessories as well as fitting signs. In
addition, consumer electronics is analyzed to be the fastest growing
end use industry segment for laser cutting machines and is expected
to attain a significant growth in the recent years. The consumer
electronics industry is expected to grow with a CAGR of 10.8% over
the forecast period i.e., from 2014 to 2020.
Geographically,
North America led the global laser cutting machines market by
accounting for USD 0.76 billion in 2014. Asia pacific region is
expected to witness the fastest growth rate as compared to the other
regions over the next six years. The growing demand for consumer
electronics devices such as smart phones in countries such as
Indonesia, India and China is significant which increases the demand
for laser cutting machines. In addition, Asia-Pacific region is
rapidly industrializing and expanding its manufacturing presence.
Thus, the region is expected to grow at a CAGR of 12.8% over the
forecast period i.e., from 2014 to 2020.
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Press Release Of Laser Cutting Machines Market
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The
report provides company market share analysis of the various industry
participants. Key players have also been profiled on the basis of
company overview, financial overview, business strategies, SWOT
analysis, and recent developments in the field of laser cutting
machines. Major market participants profiled in this report include
Amada Miyachi CO, Bystronic Incorporation, ALPHA Laser GmbH, Coherent
Incorporation, DPSS Lasers Incorporation, Trumpf Laser GMBH + Co. Kg
and IPG Photonics Corporation among others.
Laser
Cutting Machines Market: By geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Laser
Cutting Machines Market: By technology
- Solid state lasers
- Gas lasers
- Semiconductor lasers
Laser
Cutting Machines Market: By process
- Fusion cutting
- Flame cutting
- Sublimation cutting
Laser
Cutting Machines Market: By end use industry
- Automotive
- Consumer electronics
- Defense and aerospace
- Industrial
- Others
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
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