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.

Market Scope

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.

Get the sample copy of report here

Competitive Scope

Bystronic Incorporated, Epilog Laser Inc., Jiangsu Dajin Laser Science and Technology Co., Ltd., Amada Miyachi Inc, Jenoptik Laser GmbH, LancerFab Tech Pvt. Ltd, IPG Photonics Corporation, Trumpf GMBH, Han's Laser Smart Equipment Group Co., Ltd., MKS Instruments, Universal Laser Systems, Alpha Laser, Trotec Lasers, Xenetech, and Coherent Inc. are prominent players of the global laser cutting machines market.

The market is highly intensive in nature with players investing in product development and adherence to latest industrial guidelines. Partnerships are a key strategy of players attempting to gain the lead.

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. Its use in medical applications such as skin rejuvenation as well as advances in YAG, CO2, and fiber lasers can augment the segment growth rate. Diode-pumped solid-state lasers give better beam quality and degree of processing flexibility. On the other hand, the gas lasers can exhibit a strong growth rate over the forecast period owing to applications in barcode reading, dye laser pumping, and laser printing.

On the basis of process, the market has been segmented as sublimation cutting, fusion cutting, and flame cutting. The flame cutting process can occupy a large share of the laser cutting machines market owing to demand for trimming of small alloys of carbon and steel. Its high cutting speed and high quality finish can attract manufacturers from all industries.

On the basis of end user, the market has been segmented into industrial, automotive, consumer electronics, defense and aerospace, and others. The automotive sector dominates the end user segment of the market and is expected to grow at the highest CAGR during the forecast period. Rising demand for automobiles coupled with surge in consumer spending levels can drive the segment growth. On the other hand, the defense and aerospace sector is expected to contribute significantly during the forecast period mainly due to increase in space exploration projects.

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.

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.