Market Overview:
The global laser cutting service market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for laser cutting services from various end-use industries, such as mechanical processing, electronic, automobile, and others. In terms of type, the CO2 laser cutting segment is expected to lead the global market during the forecast period. This can be attributed to its low cost and high efficiency as compared to other types of lasers used in laser cutting services. In terms of application, the mechanical processing segment is expected to lead the global market during the forecast period.
Product Definition:
Laser Cutting Service is the process of using a laser to cut materials, typically metal or plastic. The laser beam is directed at the material to be cut and the energy from the beam causes the material to vaporize. The vaporized material is then ejected from the cutting area and replaced by fresh material. This process can be used to create a variety of shapes and sizes in materials such as metal, plastic, or wood.
CO2 Laser Cutting:
CO2 laser cutting is a process of converting digital information into light and then using that light to cut the material. CO2 laser has different wavelengths, which can cut different materials. The wavelength of CO2 laser ranges from about 488 nm to 514 nm. The shorter wavelength (lower power) is typically used for cutting soft materials like rubber, plastic and vinyl while longer (high power) wavelengths are used for hard materials like glass and metals.
Fiber Laser Cutting:
Fiber laser cutting is a process of converting digital data into high-intensity light beams and then using this light to cut the material. The beam is produced by using optical fibers which are made up of very small pieces of plastic or glass. These fibers are flexible and they can be bent, rolled, and molded in order to form any shape required for the laser beam.
Application Insights:
The application segment is segregated into mechanical processing, electronic, automobile and others. In 2017, the automotive application accounted for over 30% of the revenue share in global laser cutting service market. The growth can be attributed to increasing production of electric vehicles across the globe coupled with rising demand for lightweight materials in automobiles.
Electronic applications are expected to witness significant growth over the forecast period owing to growing demand from various end-use industries such as medical equipment & devices manufacturing and semiconductor packaging among others. Electronic goods require a high level of precision during their production which is facilitated by using lasers as they cut precisely along with low levels of smoke and soot emission which makes them ideal for use in electronics industry especially when compared to other conventional technologies such as CNC or automated machine tools where dust flies off during operation resulting in contamination problems.
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 some of the major automotive manufacturers, such as Toyota, Honda, Suzuki and Hyundai. These companies are increasingly adopting laser technology for designing parts using computer-aided designs or CAM software. This has resulted in a significant increase in demand from Asia Pacific regional market over the past few years.
The European regional market held a share of more than 20% in terms of revenue owing to growing adoption by several key players operating within this region for designing their products using 3D printing technologies instead of conventional manufacturing processes such as injection molding or machining operations that consume considerable time.
Growth Factors:
- Increasing demand for laser cutting services from the automotive and aerospace industries due to the growing need for lightweight and high-performance components.
- Rising demand for laser cutting services from the medical device industry as a result of the increasing use of lasers in surgical procedures.
- Growing popularity of laser cutting services among small businesses due to its ability to produce high-quality components at low costs.
- Proliferation of new technologies that are enabling lasers to be used in a wider range of applications, such as welding and engraving, which is driving demand for laser cutting services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Cutting Service Market Research Report
By Type
CO2 Laser Cutting, Fiber Laser Cutting, Others
By Application
Mechanical Processing, Electronic, Automobile, Others
By Companies
Chicago Metal Fabricators, HPL Stampings, Yorkshire Profiles, New England Die Cutting, Smucker Laser, Lasered Components, PDF, FedTech, Guangdong Hengyutai, Bassett Industries, Micron Laser Technology, Corry Laser Technology, Tri-State Fabricators, OSH Cut, Sculpteo, GE Mathis, Shinki Laser, General 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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Laser Cutting Service Market Report Segments:
The global Laser Cutting Service market is segmented on the basis of:
Types
CO2 Laser Cutting, Fiber Laser Cutting, Others
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
Mechanical Processing, Electronic, Automobile, 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:
- Chicago Metal Fabricators
- HPL Stampings
- Yorkshire Profiles
- New England Die Cutting
- Smucker Laser
- Lasered Components
- PDF
- FedTech
- Guangdong Hengyutai
- Bassett Industries
- Micron Laser Technology
- Corry Laser Technology
- Tri-State Fabricators
- OSH Cut
- Sculpteo
- GE Mathis
- Shinki Laser
- General Laser
Highlights of The Laser Cutting Service 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:
- CO2 Laser Cutting
- Fiber Laser Cutting
- Others
- By Application:
- Mechanical Processing
- Electronic
- Automobile
- 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 Laser Cutting Service 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 service is a process that uses lasers to cut materials. The laser cuts the material by vaporizing it and then cutting through the vaporized material.
Some of the major players in the laser cutting service market are Chicago Metal Fabricators, HPL Stampings, Yorkshire Profiles, New England Die Cutting, Smucker Laser, Lasered Components, PDF, FedTech, Guangdong Hengyutai, Bassett Industries, Micron Laser Technology, Corry Laser Technology, Tri-State Fabricators, OSH Cut, Sculpteo, GE Mathis, Shinki Laser, General Laser.
The laser cutting service market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Cutting Service 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 Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser Cutting Service 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 Service 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 Service Market Size & Forecast, 2020-2028
4.5.1 Laser Cutting Service Market Size and Y-o-Y Growth
4.5.2 Laser Cutting Service 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 CO2 Laser Cutting
5.2.2 Fiber Laser Cutting
5.2.3 Others
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 Mechanical Processing
6.2.2 Electronic
6.2.3 Automobile
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Cutting Service 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 Service 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 CO2 Laser Cutting
9.6.2 Fiber Laser Cutting
9.6.3 Others
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 Mechanical Processing
9.10.2 Electronic
9.10.3 Automobile
9.10.4 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 CO2 Laser Cutting
10.6.2 Fiber Laser Cutting
10.6.3 Others
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 Mechanical Processing
10.10.2 Electronic
10.10.3 Automobile
10.10.4 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 CO2 Laser Cutting
11.6.2 Fiber Laser Cutting
11.6.3 Others
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 Mechanical Processing
11.10.2 Electronic
11.10.3 Automobile
11.10.4 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 CO2 Laser Cutting
12.6.2 Fiber Laser Cutting
12.6.3 Others
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 Mechanical Processing
12.10.2 Electronic
12.10.3 Automobile
12.10.4 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 CO2 Laser Cutting
13.6.2 Fiber Laser Cutting
13.6.3 Others
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 Mechanical Processing
13.10.2 Electronic
13.10.3 Automobile
13.10.4 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 Laser Cutting Service Market: Competitive Dashboard
14.2 Global Laser Cutting Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chicago Metal Fabricators
14.3.2 HPL Stampings
14.3.3 Yorkshire Profiles
14.3.4 New England Die Cutting
14.3.5 Smucker Laser
14.3.6 Lasered Components
14.3.7 PDF
14.3.8 FedTech
14.3.9 Guangdong Hengyutai
14.3.10 Bassett Industries
14.3.11 Micron Laser Technology
14.3.12 Corry Laser Technology
14.3.13 Tri-State Fabricators
14.3.14 OSH Cut
14.3.15 Sculpteo
14.3.16 GE Mathis
14.3.17 Shinki Laser
14.3.18 General Laser
