Market Overview:
The global laser equipment and processing market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for laser equipment and processing in various applications such as scientific, military, medical, industrial and commercial, among others. Additionally, the growing adoption of lasers for various end-use applications is also propelling the growth of this market.
Product Definition:
Laser processing is a technology that uses a laser to cut or shape materials. The laser equipment and processing are important because they can create very precise cuts and shapes. This makes them ideal for use in manufacturing, where accuracy is critical.
Laser Cutting Equipment:
Laser cutting equipment is used for processing of various materials such as glass, plastics, rubber and metals. Laser equipment & processing market includes three major applications namely automotive industry, consumer electronics industry and aerospace & defense industry.
Laser Welding Equipment:
Laser welding equipment is used to weld, cut or break metal or other materials. It produces a laser beam which is applied on the material and it helps in melting the metals together. The equipment comprises of laser source, control system and monitor which can be adjusted as per requirement for different operations.
The global market size was valued at USD 1,849.4 million in 2016.
Application Insights:
The other applications include automotive, aerospace and defense, marine and others. The industrial and commercial application segment dominated the global market in 2017. This is attributed to the growing demand for laser equipment from various industries including metal cutting, welding, drilling etc. Rapidly expanding the construction industry across developing countries such as China India & Brazil is also expected to contribute significantly towards growth over the forecast period.
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 from end-users such as aerospace, automotive, marine, wind energy and others. China is one of the major countries that contribute towards significant share in terms of production and export across this region.
The European market for laser equipment was valued at USD X billion in 2017 owing to high demand from several key application sectors including scientific research & education; military & defense; industrial applications; precision cutting & engraving on metal components used for manufacturing consumer electronics products such as laptops, mobile phones etc.; along with medical sector including surgery by using COVID-19 laser devices that are FDA approved for surgical procedures performed under local or regional anesthesia (numbness).
Growth Factors:
- Increasing demand for laser equipment and processing in the automotive, medical device, and electronics industries due to the advantages of lasers over traditional manufacturing methods.
- Advances in laser technology that make lasers more affordable and easier to use, resulting in wider adoption of lasers for manufacturing applications.
- Growing demand for customization and precision in manufacturing processes, which is driving the need for more sophisticated laser equipment and processing capabilities.
- Rapid expansion of global trade leading to increased demand for high-quality laser-based products from overseas markets.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Equipment and Processing Market Research Report
By Type
Laser Cutting Equipment, Laser Welding Equipment, Others
By Application
Scientific, Military, Medical, Industrial and Commercial, Others
By Companies
TRUMPF, Coherent, IPG, Prima Industrie, Novanta, Bystronic, Han's Laser, Golden Laser, Huagong Tech, Jiatai Laser, Chutian Laser, Unity Laser, Daheng Laser, Dahua 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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Laser Equipment and Processing Market Report Segments:
The global Laser Equipment and Processing market is segmented on the basis of:
Types
Laser Cutting Equipment, Laser Welding Equipment, 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
Scientific, Military, Medical, Industrial and Commercial, 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
- Coherent
- IPG
- Prima Industrie
- Novanta
- Bystronic
- Han's Laser
- Golden Laser
- Huagong Tech
- Jiatai Laser
- Chutian Laser
- Unity Laser
- Daheng Laser
- Dahua Laser
Highlights of The Laser Equipment and Processing 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 Cutting Equipment
- Laser Welding Equipment
- Others
- By Application:
- Scientific
- Military
- Medical
- Industrial and Commercial
- 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 Equipment and Processing 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 equipment and processing is a category of industrial technology that uses lasers to produce products or services.
Some of the major companies in the laser equipment and processing market are TRUMPF, Coherent, IPG, Prima Industrie, Novanta, Bystronic, Han's Laser, Golden Laser, Huagong Tech, Jiatai Laser, Chutian Laser, Unity Laser, Daheng Laser, Dahua Laser.
The laser equipment and processing market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laser Equipment and Processing 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 Equipment and Processing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laser Equipment and Processing Market - Supply Chain
4.5. Global Laser Equipment and Processing Market Forecast
4.5.1. Laser Equipment and Processing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laser Equipment and Processing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Laser Equipment and Processing Market Absolute $ Opportunity
5. Global Laser Equipment and Processing 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 Equipment and Processing Market Size and Volume Forecast by Type
5.3.1. Laser Cutting Equipment
5.3.2. Laser Welding Equipment
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Laser Equipment and Processing 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 Equipment and Processing Market Size and Volume Forecast by Application
6.3.1. Scientific
6.3.2. Military
6.3.3. Medical
6.3.4. Industrial and Commercial
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Laser Equipment and Processing 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 Equipment and Processing 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 Equipment and Processing 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 Equipment and Processing 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 Equipment and Processing Demand Share Forecast, 2019-2026
9. North America Laser Equipment and Processing 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 Equipment and Processing 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 Equipment and Processing Market Size and Volume Forecast by Application
9.4.1. Scientific
9.4.2. Military
9.4.3. Medical
9.4.4. Industrial and Commercial
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Laser Equipment and Processing Market Size and Volume Forecast by Type
9.7.1. Laser Cutting Equipment
9.7.2. Laser Welding Equipment
9.7.3. Others
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 Equipment and Processing Demand Share Forecast, 2019-2026
10. Latin America Laser Equipment and Processing 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 Equipment and Processing 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 Equipment and Processing Market Size and Volume Forecast by Application
10.4.1. Scientific
10.4.2. Military
10.4.3. Medical
10.4.4. Industrial and Commercial
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Laser Equipment and Processing Market Size and Volume Forecast by Type
10.7.1. Laser Cutting Equipment
10.7.2. Laser Welding Equipment
10.7.3. Others
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 Equipment and Processing Demand Share Forecast, 2019-2026
11. Europe Laser Equipment and Processing 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 Equipment and Processing 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 Equipment and Processing Market Size and Volume Forecast by Application
11.4.1. Scientific
11.4.2. Military
11.4.3. Medical
11.4.4. Industrial and Commercial
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Laser Equipment and Processing Market Size and Volume Forecast by Type
11.7.1. Laser Cutting Equipment
11.7.2. Laser Welding Equipment
11.7.3. Others
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 Equipment and Processing Demand Share, 2019-2026
12. Asia Pacific Laser Equipment and Processing 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 Equipment and Processing 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 Equipment and Processing Market Size and Volume Forecast by Application
12.4.1. Scientific
12.4.2. Military
12.4.3. Medical
12.4.4. Industrial and Commercial
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Laser Equipment and Processing Market Size and Volume Forecast by Type
12.7.1. Laser Cutting Equipment
12.7.2. Laser Welding Equipment
12.7.3. Others
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 Equipment and Processing Demand Share, 2019-2026
13. Middle East & Africa Laser Equipment and Processing 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 Equipment and Processing 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 Equipment and Processing Market Size and Volume Forecast by Application
13.4.1. Scientific
13.4.2. Military
13.4.3. Medical
13.4.4. Industrial and Commercial
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Laser Equipment and Processing Market Size and Volume Forecast by Type
13.7.1. Laser Cutting Equipment
13.7.2. Laser Welding Equipment
13.7.3. Others
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 Equipment and Processing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Laser Equipment and Processing Market: Market Share Analysis
14.2. Laser Equipment and Processing Distributors and Customers
14.3. Laser Equipment and Processing 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. Coherent
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IPG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Prima Industrie
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Novanta
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bystronic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Han's Laser
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Golden Laser
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Huagong Tech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jiatai Laser
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chutian Laser
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Unity 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. Daheng 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. Dahua Laser
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
