Market overview
Laser cutting machines are used in slicing materials and controlled by CNC and laser optics. Increasing automation and demand for swiftness and agility in processes can drive the inclusion of these machines in major industries. The global laser cutting machines market report by Market Research Future (MRFR) contains vital factors such as drivers, restraints, opportunities, and trends for the forecast period (2020-2027). The COVID-19 pandemic and its implications on the industry are explained in high detail.
The laser cutting machines market size is anticipated to develop at a 8.40% CAGR between 2022 - 2030), as per the current Market Research Future (MRFR) analysis. Huge demand for automobiles and consumer electronic products can drive the market growth. Laser cutting is used majorly at workshops and manufacturing plants for various industries for giving more output in less amount of time. Automation of laser cutting is likely to spur the market demand significantly.
The COVID-19 pandemic had halted the production of laser cutting machines and output of various manufacturing units. But the development of domestically developed lasers for manufacturing home-grown equipment such as metal sheets and respirators helped sustain the market.
But high costs of these devices and lack of skilled personnel can hamper market growth.
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Industry News
MVD has launched the iLaser fiber laser cutting system with machine speeds ranging between 150,000 mm/min. to 220,000 mm/min. It can accelerate automation efforts of manufacturing companies by possessing the capacity of cutting through thick materials.
Competitive Scope
prominent players of the global laser cutting machines market include
Regional Analysis
North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions at the center of discussion in the global laser cutting machines market.
North America accounted for the lion’s share of the global market due to large sales of automobiles. Rapid industrialization and adoption of laser systems can drive overall market demand. The U.S. is the largest contributor of the region coupled with customer preferences for advanced vehicles can favor the market. Rise of automation, sales of consumer electronics, and expansion of the aerospace sector are other drivers of the regional market.
Segmentation
- On the basis of technology, the market has been segmented as solid-state lasers, semi-conductor lasers, and gas lasers. Solid-state lasers can account for the largest market share.
- On the basis of process, the market has been segmented as sublimation cutting, fusion cutting, and flame cutting.
- On the basis of end user, the market has been segmented into industrial, automotive, consumer electronics, defense and aerospace, and others.
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