Market Overview:
The global laser cutting machine market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for laser cutting machines from various end-use industries, such as automotive, aerospace & defense, and medical & dental. In terms of type, the CO2 laser cutting machine 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 machines. In terms of application, metal materials are expected to account for a larger share of the global market than non-metal materials during the forecast period.
Product Definition:
A laser cutter is a machine that uses a laser to cut material, usually by melting it. Laser cutting machines are used extensively in the manufacture of electronic components and in the production of parts for industrial machinery.
CO2 Laser Cutting Machine:
CO2 laser cutting machine is a gas-based laser used in the manufacturing industry. It produces infrared light, which is focused on the material to be cut. The high frequency of these lights results in faster cutting speed with less power consumption and wear & tear of the equipment.
Fiber Laser Cutting Machine:
Fiber laser cutting machine is used in the manufacturing industry to cut different types of fibers such as glass, carbon fiber, aramid fiber and others. Fiber laser cutting machines are widely used for various applications such as automotive parts fabrication, electronics components fabrication and others. The global market for fiber laser cutting machine is expected to witness significant growth over the forecast period owing to its ability to provide high-quality cuts with less material usage which helps in reducing cost.
Application Insights:
Metal materials cutting application segment dominated the global market in 2017. The growth of this segment is attributed to the increasing demand for high-quality metal sheets for various applications, such as automotive, construction and packaging. Metal cutting machines are used to cut a wide range of metals including aluminum, magnesium and steel.
The non-metal materials cutting application segment is expected to witness significant growth over the forecast period owing to rising demand from end-use industries including medical equipment manufacturing and aerospace components manufacturing.
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, including China, India, and Japan. These countries are among the largest manufacturing hubs in terms of industrial output as well as population. In addition, these countries have a strong base of automotive manufacturers that are continuously investing in research & development activities for developing advanced machinery for production processes along with innovative techniques for product designing & development. This factor is anticipated to bode well for regional growth over the next eight years.
The Latin American regional market held a significant share owing to growing demand from end-use industries across Brazil.
Growth Factors:
- Increasing demand for laser cutting machines from the automotive and aerospace industries due to the growing need for lightweight and durable components.
- Rising demand for laser cutting machines from small- and medium-sized businesses (SMBs) due to the increasing popularity of laser technology among these businesses.
- Growing use of lasers in medical applications such as surgery, dentistry, ophthalmology, and dermatology owing to their precision and accuracy.
- Proliferation of digital fabrication technologies that are making it easier for businesses to adopt laser cutting machines into their production processes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Cutting Machine Market Research Report
By Type
CO2 Laser Cutting Machine, Fiber Laser Cutting Machine, YAG Cutting Machine
By Application
Metal Materials Cutting, Non-metal Materials Cutting
By Companies
Trumpf, Han'S Laser, Bystronic, Mazak, Amada, Coherent, Prima Power, Mitsubishi Electric, HG Laser, Koike, DMG MORI, Tianqi Laser, Unity Laser, LVD, Cincinnati, Universal Laser Systems, Tanaka, Penta-Chutian, IPG Photonics, Lead Laser, Epilog Laser, Trotec, GF, CTR Lasers, Spartanics, Microlution, Boye Laser, Kaitian Laser, HE Laser, Golden 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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Laser Cutting Machine Market Report Segments:
The global Laser Cutting Machine market is segmented on the basis of:
Types
CO2 Laser Cutting Machine, Fiber Laser Cutting Machine, YAG Cutting Machine
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
Metal Materials Cutting, Non-metal Materials Cutting
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
- Amada
- Coherent
- Prima Power
- Mitsubishi Electric
- HG Laser
- Koike
- DMG MORI
- Tianqi Laser
- Unity Laser
- LVD
- Cincinnati
- Universal Laser Systems
- Tanaka
- Penta-Chutian
- IPG Photonics
- Lead Laser
- Epilog Laser
- Trotec
- GF
- CTR Lasers
- Spartanics
- Microlution
- Boye Laser
- Kaitian Laser
- HE Laser
- Golden Laser
Highlights of The Laser Cutting Machine 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 Machine
- Fiber Laser Cutting Machine
- YAG Cutting Machine
- By Application:
- Metal Materials Cutting
- Non-metal Materials Cutting
- 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 Machine 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 laser cutting machine is a device that uses lasers to cut materials. It is similar to a CNC (Computer Numerical Control) machine, but it cuts material using lasers instead of rotary tools.
Some of the key players operating in the laser cutting machine market are Trumpf, Han'S Laser, Bystronic, Mazak, Amada, Coherent, Prima Power, Mitsubishi Electric, HG Laser, Koike, DMG MORI, Tianqi Laser, Unity Laser, LVD, Cincinnati, Universal Laser Systems, Tanaka, Penta-Chutian, IPG Photonics, Lead Laser, Epilog Laser, Trotec, GF, CTR Lasers, Spartanics, Microlution, Boye Laser, Kaitian Laser, HE Laser, Golden Laser.
The laser cutting machine market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laser Cutting Machine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laser Cutting Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laser Cutting Machine Market - Supply Chain
4.5. Global Laser Cutting Machine Market Forecast
4.5.1. Laser Cutting Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laser Cutting Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Laser Cutting Machine Market Absolute $ Opportunity
5. Global Laser Cutting Machine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Laser Cutting Machine Market Size and Volume Forecast by Type
5.3.1. CO2 Laser Cutting Machine
5.3.2. Fiber Laser Cutting Machine
5.3.3. YAG Cutting Machine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Laser Cutting Machine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Laser Cutting Machine Market Size and Volume Forecast by Application
6.3.1. Metal Materials Cutting
6.3.2. Non-metal Materials Cutting
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Laser Cutting Machine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Laser Cutting Machine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Laser Cutting Machine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Laser Cutting Machine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Laser Cutting Machine Demand Share Forecast, 2019-2026
9. North America Laser Cutting Machine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Laser Cutting Machine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Laser Cutting Machine Market Size and Volume Forecast by Application
9.4.1. Metal Materials Cutting
9.4.2. Non-metal Materials Cutting
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Laser Cutting Machine Market Size and Volume Forecast by Type
9.7.1. CO2 Laser Cutting Machine
9.7.2. Fiber Laser Cutting Machine
9.7.3. YAG Cutting Machine
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Laser Cutting Machine Demand Share Forecast, 2019-2026
10. Latin America Laser Cutting Machine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Laser Cutting Machine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Laser Cutting Machine Market Size and Volume Forecast by Application
10.4.1. Metal Materials Cutting
10.4.2. Non-metal Materials Cutting
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Laser Cutting Machine Market Size and Volume Forecast by Type
10.7.1. CO2 Laser Cutting Machine
10.7.2. Fiber Laser Cutting Machine
10.7.3. YAG Cutting Machine
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Laser Cutting Machine Demand Share Forecast, 2019-2026
11. Europe Laser Cutting Machine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Laser Cutting Machine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Laser Cutting Machine Market Size and Volume Forecast by Application
11.4.1. Metal Materials Cutting
11.4.2. Non-metal Materials Cutting
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Laser Cutting Machine Market Size and Volume Forecast by Type
11.7.1. CO2 Laser Cutting Machine
11.7.2. Fiber Laser Cutting Machine
11.7.3. YAG Cutting Machine
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Laser Cutting Machine Demand Share, 2019-2026
12. Asia Pacific Laser Cutting Machine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Laser Cutting Machine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Laser Cutting Machine Market Size and Volume Forecast by Application
12.4.1. Metal Materials Cutting
12.4.2. Non-metal Materials Cutting
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Laser Cutting Machine Market Size and Volume Forecast by Type
12.7.1. CO2 Laser Cutting Machine
12.7.2. Fiber Laser Cutting Machine
12.7.3. YAG Cutting Machine
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Laser Cutting Machine Demand Share, 2019-2026
13. Middle East & Africa Laser Cutting Machine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Laser Cutting Machine Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Laser Cutting Machine Market Size and Volume Forecast by Application
13.4.1. Metal Materials Cutting
13.4.2. Non-metal Materials Cutting
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Laser Cutting Machine Market Size and Volume Forecast by Type
13.7.1. CO2 Laser Cutting Machine
13.7.2. Fiber Laser Cutting Machine
13.7.3. YAG Cutting Machine
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Laser Cutting Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Laser Cutting Machine Market: Market Share Analysis
14.2. Laser Cutting Machine Distributors and Customers
14.3. Laser Cutting Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Trumpf
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Han'S Laser
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bystronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mazak
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Amada
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Coherent
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Prima Power
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsubishi Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HG Laser
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Koike
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DMG MORI
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tianqi Laser
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Unity Laser
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LVD
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Cincinnati
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Universal Laser Systems
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tanaka
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Penta-Chutian
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. IPG Photonics
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Lead Laser
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
