The
global laser processing market had reached a value of US$8.76 billion
in 2013.According to the report, the laser processing market is
analyzed on the basis of product type, process, and end-use industry.
Based on the types of products, the gas lasers product segment held
60.2% of the overall laser processing market in 2013. The material
processing market segment dominated the global laser processing
market based on processes, generating the highest revenue in 2013.
The automotive and aerospace industries led the global laser
processing market based on end use owing to the rapid increase in
demand from original equipment manufacturers (OEMs) for laser
technology in material processing, states the research study.
Browse
Laser Processing Market Report with Full TOC at
http://www.transparencymarketresearch.com/global-laser-processing-market.html
The
report also discusses the regional distribution of the global laser
processing market into North America, Europe, Asia Pacific, and the
Rest of the World. The global market was dominated by Asia Pacific in
2013, which held a 42.6% share in the global market.During the
forecast period, the laser processing market in Asia Pacific is
expected to register the fastest growth, supported by the rise in the
number of manufacturing plants of several companies in the market.
The high demand for laser technology from rapidly developing
economies such as China, Japan, and South Korea is one of the primary
factors boosting growth prospects of this market. China, among other
Asian nations, is the global market leader owing to the presence of a
number of laser machine producers such as Han’s Laser Technology
Co. Ltd.
The
benefits that laser technology provides in comparison with other
conventional material processing technologies are the major driving
force behind the development of the global laser processing market.
Additionally, the regulations enforced by various governments
mandating usage of laser technology in marking and engraving of
products, coupled with the increase in the utilization of laser
drilling in oil and gas exploration, are also fueling market growth.
However, the rising environmental concerns relating to the mining of
rare earth minerals are restricting the global laser processing
market, concludes the report.
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The
report assesses the global market for laser processing as a highly
concentrated industry. In 2013, the market was overwhelmingly
dominated by the three top players in the market, namely Amada Co.
Ltd., Trumpf GmbH + Co. KG, and Han’s Laser Technology Co. Ltd.,
which jointly held more than 40% of the overall market. Apart from
these, the company profiles of other prominent participants such as
Universal Laser Systems Inc., Coherent Inc., Newport Corp., IPG
Photonics Corp., Rofin-Sinar Technologies Inc., Eurolaser GmbH,
Bystronic Laser AG, Epilog Laser Inc., LaserStar Technologies Corp.,
Prima Industrie S.p.A., and Jenoptik Laser GmbH are also included in
this report.
Browse
Press Release Of Laser Processing Market
http://www.transparencymarketresearch.com/pressrelease/global-laser-processing-market.htm
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