Market Overview:
The global industrial laser cutting system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for laser cutting systems in various applications such as automotive industry, home appliance, machinery, aerospace and others. In terms of type, the laser vaporization cutting segment is expected to hold a major share of the global industrial laser cutting system market during the forecast period. This can be attributed to its ability to produce high-quality products with less wastage.
Product Definition:
An industrial laser cutting system is a device that uses lasers to cut materials. The importance of industrial laser cutting systems is that they can produce precise cuts with little thermal distortion.
Laser Vaporization Cutting:
Laser vaporization cutting is a process of using high powered laser to heat the material up to its evaporation point. The material gets converted into gas form that comprises of components such as oxygen, nitrogen and carbon dioxide. These components are then used for performing desired work in the manufacturing industries.
Laser Melting and Cutting:
Laser melting and cutting are the processes in which laser beam is used to melt or cut material. Melting is done with the help of high power, whereas cutting requires lower power as compared to welding. The technology has evolved over decades and was initially developed for metal fabrication applications; however, it has found its use in various industries including automotive, packaging & labeling, consumer goods etc.
Application Insights:
The global industry laser cutting system market has been segmented on the basis of application into automotive, home appliances, machinery and equipment manufacturing industries. The automotive application segment accounted for a major share in 2017 owing to increasing demand for lightweight and high-performance materials. Automotive parts made using lasers are strong, highly durable, and much lighter than conventional metal parts.
The machine tools sector is expected to witness significant growth over the forecast period due to rising demand from various end-use industries including aerospace and defense. Laser technology offers higher accuracy while machining critical components as compared to other technologies such as CNC or water jet cutters which offer lower precision but larger production volumes at affordable costs.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, and Japan. These countries are witnessing strong economic growth owing to rapid industrialization and increasing per capita income levels of their respective populations.
China has emerged as a major manufacturing hub for consumer electronics products such as laptops, mobiles phones among others due to availability of low-cost labor coupled with easy access to advanced technology required for production of these devices. This trend is projected to continue over the coming years which will further boost regional demand during the forecast period.
Growth Factors:
- Increasing demand for laser cutting systems from the automotive and aerospace industries due to the growing need for lightweight and high-performance components.
- Rising demand for laser cutting systems in the medical device industry due to the increasing use of lasers in minimally invasive surgeries.
- Growing popularity of laser cutting systems among small and medium-sized businesses (SMBs) due to their low cost of ownership and ease of use.
- Increasing investment in research and development by leading players in order to develop new and innovative products that can cater to the needs of different industries.
- Rapid expansion of global manufacturing capacities, which is expected to create new opportunities for industrial laser cutting system market over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Laser Cutting System Market Research Report
By Type
Laser Vaporization Cutting, Laser Melting and Cutting, Laser Oxygen Cutting, Other
By Application
Automotive Industry, Home Appliance, Machinery, Aerospace, Others
By Companies
Trumpf, Han'S Laser, Bystronic, Mazak, Penta-Chutian, Amada, LVD, Koike, Coherent, Lead Laser, Tianqi Laser, Mitsubishi Electric, IPG Photonics, Tanaka, Prima Power
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Laser Cutting System Market Report Segments:
The global Industrial Laser Cutting System market is segmented on the basis of:
Types
Laser Vaporization Cutting, Laser Melting and Cutting, Laser Oxygen Cutting, Other
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
Automotive Industry, Home Appliance, Machinery, Aerospace, Others
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
- Han'S Laser
- Bystronic
- Mazak
- Penta-Chutian
- Amada
- LVD
- Koike
- Coherent
- Lead Laser
- Tianqi Laser
- Mitsubishi Electric
- IPG Photonics
- Tanaka
- Prima Power
Highlights of The Industrial Laser Cutting System 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:
- Laser Vaporization Cutting
- Laser Melting and Cutting
- Laser Oxygen Cutting
- Other
- By Application:
- Automotive Industry
- Home Appliance
- Machinery
- Aerospace
- Others
- 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 Industrial Laser Cutting System 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?
Industrial laser cutting systems are used in the manufacturing of products such as parts, components and assemblies. They use a powerful laser to cut through materials quickly and easily.
Some of the major companies in the industrial laser cutting system market are Trumpf, Han'S Laser, Bystronic, Mazak, Penta-Chutian, Amada, LVD, Koike, Coherent, Lead Laser, Tianqi Laser, Mitsubishi Electric, IPG Photonics, Tanaka, Prima Power.
The industrial laser cutting system market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Laser Cutting System 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 Industrial Laser Cutting System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Laser Cutting System 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 Industrial Laser Cutting System 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 Industrial Laser Cutting System Market Size & Forecast, 2020-2028
4.5.1 Industrial Laser Cutting System Market Size and Y-o-Y Growth
4.5.2 Industrial Laser Cutting System 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 Laser Vaporization Cutting
5.2.2 Laser Melting and Cutting
5.2.3 Laser Oxygen Cutting
5.2.4 Other
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 Automotive Industry
6.2.2 Home Appliance
6.2.3 Machinery
6.2.4 Aerospace
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Laser Cutting System 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 Industrial Laser Cutting System 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 Laser Vaporization Cutting
9.6.2 Laser Melting and Cutting
9.6.3 Laser Oxygen Cutting
9.6.4 Other
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 Automotive Industry
9.10.2 Home Appliance
9.10.3 Machinery
9.10.4 Aerospace
9.10.5 Others
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 Laser Vaporization Cutting
10.6.2 Laser Melting and Cutting
10.6.3 Laser Oxygen Cutting
10.6.4 Other
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 Automotive Industry
10.10.2 Home Appliance
10.10.3 Machinery
10.10.4 Aerospace
10.10.5 Others
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 Laser Vaporization Cutting
11.6.2 Laser Melting and Cutting
11.6.3 Laser Oxygen Cutting
11.6.4 Other
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 Automotive Industry
11.10.2 Home Appliance
11.10.3 Machinery
11.10.4 Aerospace
11.10.5 Others
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 Laser Vaporization Cutting
12.6.2 Laser Melting and Cutting
12.6.3 Laser Oxygen Cutting
12.6.4 Other
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 Automotive Industry
12.10.2 Home Appliance
12.10.3 Machinery
12.10.4 Aerospace
12.10.5 Others
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 Laser Vaporization Cutting
13.6.2 Laser Melting and Cutting
13.6.3 Laser Oxygen Cutting
13.6.4 Other
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 Automotive Industry
13.10.2 Home Appliance
13.10.3 Machinery
13.10.4 Aerospace
13.10.5 Others
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 Industrial Laser Cutting System Market: Competitive Dashboard
14.2 Global Industrial Laser Cutting System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trumpf
14.3.2 Han'S Laser
14.3.3 Bystronic
14.3.4 Mazak
14.3.5 Penta-Chutian
14.3.6 Amada
14.3.7 LVD
14.3.8 Koike
14.3.9 Coherent
14.3.10 Lead Laser
14.3.11 Tianqi Laser
14.3.12 Mitsubishi Electric
14.3.13 IPG Photonics
14.3.14 Tanaka
14.3.15 Prima Power
