Market Overview:
The global fiber laser drilling machine for automotive market is estimated to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles and rising penetration of fiber lasers in various applications. Fiber lasers are increasingly being used in automobile parts, such as brake discs, clutch plates, and wheel hubs due to their high precision and low manufacturing cost as compared to traditional technologies such as mechanical drilling and milling. In addition, the use of fiber lasers is also increasing for automobile decoration applications such as grills, spoilers, and side mirrors owing to their superior beam quality that results in better cutting performance. The North American region is expected to hold the largest share of the global fiber laser drilling machine for automotive market during the forecast period followed by Europe. The growth in these regions can be attributed to factors such as technological advancements coupled with rising demand for automobiles from countries such as China and India.
Product Definition:
A fiber laser drilling machine for automotive is a device that uses lasers to create holes in metal. They are often used to create holes in the body of a car for the purpose of installing bolts, screws, or other fasteners. Fiber laser drilling machines are important because they can create precise, consistent holes quickly and easily.
Pulsed Fiber Laser:
Pulsed fiber laser is a highly concentrated, high power source of light which can be used to cut or drill through almost any material. It produces extremely narrow beam with high intensity and low width which enables it to perform complicated drilling operations in limited time. The major advantage of using this technology over other conventional technologies such as abrasive or cutting wheels is that the former does not generate chips and shavings, making it safer for use around people as well as other sensitive equipment.
CW Fiber Laser:
The Continuous Wave (CW) fiber laser is a narrow, intense beam of light that is generated by an optical source. It has high power density and low wavelength which makes it suitable for cutting or drilling applications in the automotive industry. Fiber lasers are used to perform several functions such as welding, cutting, marking and engraving on various materials such as metals & composites. They can also be used for medical applications including endoscopy and ophthalmology among others.
Application Insights:
The application segment is segregated into automobile parts, automobile decoration and others. The utilization of fiber lasers for drilling holes in automotive components such as electronic boards, engine covers and car bodies has become possible with the advent of high-power devices. In addition, the use of these devices for drilling multiple holes at a time is also feasible with present-day technology.
The aforementioned factors are likely to drive the demand for fiber laser drilling machines over the forecast period. In terms of revenue, Drilling & cutting equipment segment dominated North America market in 2017 owing to presence of numerous automotive manufacturing facilities in U.S., Canada and Mexico coupled with increasing product demand from various industries such as aerospace & defense and energy sector over recent years.
In terms of revenue, Drilling & cutting equipment segment dominated North America market in 2017 owing to increase product penetration by major players such as Caterpillar Inc., Deere & Co.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major automobile manufacturers such as General Motors, Ford and Chrysler. The region is expected to maintain its dominance over the forecast period due to increasing demand for passenger cars and light commercial vehicles.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rising investments by prominent players in China, India, Japan and South Korea. In addition, favorable government regulations regarding automotive manufacturing are anticipated to fuel regional growth over next eight years. For instance, Government of India allowed 100% FDI under automatic route for auto components manufacturing from April 1st 2016 with a restriction that no foreign company can own more than 26% of any entity engaged in automotive component production or distribution (Government Of India 2013). Such regulatory measures are likely reduce entry barriers for potential competitors thereby allowing new participants access into already saturated markets (Owen 2012).
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising penetration of fiber laser drilling machines in the automotive industry
- Growing popularity of advanced materials such as carbon fiber composites and aluminum alloys in automotive manufacturing
- Proliferation of automated production lines in the automotive sector
- Technological advancements in fiber laser drilling machines
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiber Laser Drilling Machine for Automotive Market Research Report
By Type
Pulsed Fiber Laser, CW Fiber Laser
By Application
Automobile Parts, Automobile Decoration
By Companies
Trumpf, Prima Power, Bystronic, Coherent, Winbro, Han’s Laser, HG Laser
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Fiber Laser Drilling Machine for Automotive Market Report Segments:
The global Fiber Laser Drilling Machine for Automotive market is segmented on the basis of:
Types
Pulsed Fiber Laser, CW Fiber Laser
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile Parts, Automobile Decoration
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trumpf
- Prima Power
- Bystronic
- Coherent
- Winbro
- Han’s Laser
- HG Laser
Highlights of The Fiber Laser Drilling Machine for Automotive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pulsed Fiber Laser
- CW Fiber Laser
- By Application:
- Automobile Parts
- Automobile Decoration
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiber Laser Drilling Machine for Automotive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fiber laser drilling machine is a type of industrial robot used for drilling holes in various materials. It uses a high-power, short-wavelength light source to create precise, clean holes in the target material. Fiber lasers are often used for manufacturing and assembly tasks because they produce very little heat and are therefore safe to work near.
Some of the major players in the fiber laser drilling machine for automotive market are Trumpf, Prima Power, Bystronic, Coherent, Winbro, Han’s Laser, HG Laser.
The fiber laser drilling machine for automotive market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fiber Laser Drilling Machine for Automotive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fiber Laser Drilling Machine for Automotive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fiber Laser Drilling Machine for Automotive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fiber Laser Drilling Machine for Automotive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fiber Laser Drilling Machine for Automotive Market Size & Forecast, 2020-2028
4.5.1 Fiber Laser Drilling Machine for Automotive Market Size and Y-o-Y Growth
4.5.2 Fiber Laser Drilling Machine for Automotive Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pulsed Fiber Laser
5.2.2 CW Fiber Laser
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobile Parts
6.2.2 Automobile Decoration
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fiber Laser Drilling Machine for Automotive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fiber Laser Drilling Machine for Automotive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pulsed Fiber Laser
9.6.2 CW Fiber Laser
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobile Parts
9.10.2 Automobile Decoration
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pulsed Fiber Laser
10.6.2 CW Fiber Laser
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobile Parts
10.10.2 Automobile Decoration
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pulsed Fiber Laser
11.6.2 CW Fiber Laser
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobile Parts
11.10.2 Automobile Decoration
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pulsed Fiber Laser
12.6.2 CW Fiber Laser
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobile Parts
12.10.2 Automobile Decoration
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pulsed Fiber Laser
13.6.2 CW Fiber Laser
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobile Parts
13.10.2 Automobile Decoration
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fiber Laser Drilling Machine for Automotive Market: Competitive Dashboard
14.2 Global Fiber Laser Drilling Machine for Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trumpf
14.3.2 Prima Power
14.3.3 Bystronic
14.3.4 Coherent
14.3.5 Winbro
14.3.6 Han’s Laser
14.3.7 HG Laser
