Market Overview:
The global laser cutting equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for laser cutting equipment from various end-use industries, such as the shipping industry, automobile industry, and equipment manufacturing industry. Additionally, factors such as technological advancements and rising demand for customized products are also contributing to the growth of this market. On the basis of type, the global laser cutting equipment market can be segmented into CNC Cutting Equipment and Manual Cutting Equipment. The CNC Cutting Equipment segment is expected to account for a larger share of this market in 2018 owing to its advantages over manual cutting equipment such as accuracy and precision in terms of cuts made on materials.
Product Definition:
Laser cutting is a technology that uses a laser to cut materials, and is typically used for industrial manufacturing applications. Laser cutting works by directing the output of a high-power laser at the material to be cut, causing it to vaporize. The resulting gas cloud dissipates quickly, leaving behind a clean cut edge.
CNC Cutting Equipment:
CNC (Computer Numerical Control) cutting equipment is used to cut materials like metals, wood, and plastics with the help of computer control. CNC machines are programmed to follow certain steps which include moving the material to be cut, making a pass over the material with a high speed spindle or laser beam and then performing an action on it such as cutting or drilling.
Manual Cutting Equipment:
Manual cutting equipment is used to cut the material by hand. It is a traditional method of cutting and was most widely used before the advent of laser equipment. The process involves two basic steps, namely selection and positioning of the workpiece followed by actual cutting with a knife or saw. In case of large pieces, multiple passes may be required to complete the task.
Advantages associated with manual equipment include affordability.
Application Insights:
The other application segment includes medical equipment, aerospace & defense industry, and packaging. The global demand for these applications is expected to increase on account of the growing population in Asia Pacific and the Middle East. In addition, increasing disposable income in this region will fuel the demand for automobiles which will further propel the growth over the forecast period.
The shipping industry was one of the prominent users of laser cutting machines due to its high production rate as compared to CNC or manual machining techniques. Laser cutters are used for producing accurate parts with high precision at a fast pace owing to their ability to produce parts with smooth surfaces that do not have any burrs or raised features resulting from rapid production runs at low cost per unit area as compared to conventional metal cutting techniques such as CNC or manual machining operations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for laser equipment from various end-use industries such as shipping, automotive, and others. China is one of the major countries that contribute significantly toward regional growth owing to presence of a large number of manufacturers along with growing demand from other Asian countries such as Japan, India, Indonesia, and Vietnam.
The Asia Pacific has been witnessing significant economic development in recent years due to which there has been an increase in spending on manufacturing facilities by companies operating within this region thereby driving industry expansion across several application segments including electronics & telecommunication equipment manufacturing industry; metal cutting tools production; medical instruments & devices manufacturing; etc. Furthermore, rising investments by governments across developing economies are also contributing toward increased adoption rate for laser technology resulting into high projected growth during the forecast period.
Growth Factors:
- Increasing demand for laser cutting equipment from the automotive and aerospace industries due to the growing need for lightweight and high-performance components.
- Rising demand for laser cutting equipment in the medical device industry due to its ability to produce precise and intricate cuts with little thermal damage.
- Growing popularity of laser cutting technology among small businesses and hobbyists due to its low cost of ownership and ease of use.
- Increasing research and development spending by major players in the laser cutting equipment market to develop new products that can address specific needs of different industries.
- Emergence of new applications for laser cutting technology in areas such as construction, energy, and electronics
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Cutting Equipment Market Research Report
By Type
CNC Cutting Equipment, Manual Cutting Equipment
By Application
Shipping Industry, Automobile Industry, Equipment Manufacturing Industry, Other
By Companies
Truking group, Rofin-Baasel, Coherent, Spectra-Physics, IPG, GSI, Trotec, Golden Laser, Hanslaser, Chutian Laser, Truking group
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Laser Cutting Equipment Market Report Segments:
The global Laser Cutting Equipment market is segmented on the basis of:
Types
CNC Cutting Equipment, Manual Cutting Equipment
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
Shipping Industry, Automobile Industry, Equipment Manufacturing Industry, Other
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:
- Truking group
- Rofin-Baasel
- Coherent
- Spectra-Physics
- IPG
- GSI
- Trotec
- Golden Laser
- Hanslaser
- Chutian Laser
- Truking group
Highlights of The Laser Cutting Equipment 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:
- CNC Cutting Equipment
- Manual Cutting Equipment
- By Application:
- Shipping Industry
- Automobile Industry
- Equipment Manufacturing Industry
- Other
- 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 Laser Cutting Equipment 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?
Laser cutting equipment is a machine that uses lasers to cut materials. It can be used for a variety of purposes, including fabricating parts, making patterns, and creating products from metal or plastic.
Some of the major players in the laser cutting equipment market are Truking group, Rofin-Baasel, Coherent, Spectra-Physics, IPG, GSI, Trotec, Golden Laser, Hanslaser, Chutian Laser, Truking group.
The laser cutting equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Cutting Equipment 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 Laser Cutting Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser Cutting Equipment 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 Laser Cutting Equipment 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 Laser Cutting Equipment Market Size & Forecast, 2020-2028
4.5.1 Laser Cutting Equipment Market Size and Y-o-Y Growth
4.5.2 Laser Cutting Equipment 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 CNC Cutting Equipment
5.2.2 Manual Cutting Equipment
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 Shipping Industry
6.2.2 Automobile Industry
6.2.3 Equipment Manufacturing Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Cutting Equipment 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 Laser Cutting Equipment 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 CNC Cutting Equipment
9.6.2 Manual Cutting Equipment
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 Shipping Industry
9.10.2 Automobile Industry
9.10.3 Equipment Manufacturing Industry
9.10.4 Other
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 CNC Cutting Equipment
10.6.2 Manual Cutting Equipment
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 Shipping Industry
10.10.2 Automobile Industry
10.10.3 Equipment Manufacturing Industry
10.10.4 Other
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 CNC Cutting Equipment
11.6.2 Manual Cutting Equipment
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 Shipping Industry
11.10.2 Automobile Industry
11.10.3 Equipment Manufacturing Industry
11.10.4 Other
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 CNC Cutting Equipment
12.6.2 Manual Cutting Equipment
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 Shipping Industry
12.10.2 Automobile Industry
12.10.3 Equipment Manufacturing Industry
12.10.4 Other
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 CNC Cutting Equipment
13.6.2 Manual Cutting Equipment
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 Shipping Industry
13.10.2 Automobile Industry
13.10.3 Equipment Manufacturing Industry
13.10.4 Other
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 Laser Cutting Equipment Market: Competitive Dashboard
14.2 Global Laser Cutting Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Truking group
14.3.2 Rofin-Baasel
14.3.3 Coherent
14.3.4 Spectra-Physics
14.3.5 IPG
14.3.6 GSI
14.3.7 Trotec
14.3.8 Golden Laser
14.3.9 Hanslaser
14.3.10 Chutian Laser
14.3.11 Truking group
