Laser Cutting Machine Market (2022 to 2032): Industry Analysis, Size, Share, Growth, and Emerging Trends Unveiled
Future Market Insights (FMI) predicts that the global market for laser cutting machines will increase between 2022 and 2032 at a compound annual growth rate of 5.8%, reaching a value of US$ 5,974.1 Million.
Laser cutting has emerged as a versatile, cost-effective
method that delivers exceptionally high precision as compared to conventional cutting
methods for many applications. Laser-cutting machines have applications in many
industries, such as automotive, aerospace, ceramics, metal cutting, defense,
semiconductors, glass, ceramics, paper, etc. This product helps to cut material
without creating heat or any mechanical stress.
The accuracy, productivity, and efficiency of laser cutting
machines are preferable to other cutting machines. Because they are so well
suited to mass production processes, highly complex and specialized components
are typically preferred for many industries. As it can cut items more quickly
than a waterjet cutting machine, laser cutting is a more cost-effective choice.
These are the driving forces behind the market’s expansion, making it more
stable in the years to come.
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Key Takeaways of Laser Cutting Machine Market Study
- The
value of mechanized Laser Cutting Machines is projected to increase at a
value CAGR of 5.8% to reach around US$ 5,974.1 Million by the end of 2032.
- In
terms of End Use, Automotive and Transportation are anticipated to create
an absolute dollar opportunity worth US$ 805.6 Million.
- In the
Global Laser Cutting Machine market, fibre-based technology in Laser
Cutting Machines is projected to account for more than 60% share by the
end of the forecast period owing to its demand which is increasing in
day-to-day applications
- By
Region, East Asia is anticipated to account for more than 25% of the
market share in terms of volume by the end of 2032 and is expected to
remain dominant throughout the forecast period.
“Adoption of technologies for improving machines and
customer-centric product offerings are the key trends paving the way for
futuristic growth for the Laser Cutting Machine market,” says Future Market
insights analyst
Competitive Landscape
The market is fragmented among the market participants,
accounting for market share ranging from 30% to 40% of market revenue in 2021.
Prominent players in the market aim to concentrate on diversifying their
product lines with technologically advanced products to gain a prominent share
in the market and offer significant efficiency and better output to their
customers.
The TRUMPF, Bystronic DNE, Hans Laser, HSG Laser, Amada Co.
Ltd., and Coherent, Inc. are a few of the market’s major participants.
More Insights into the Laser Cutting Machine Market
Report
In its latest report, Future Market Insights offers an
unbiased analysis of the Global Laser Cutting Machine market, providing
historical data from 2017 to 2021 and forecast statistics for the period 2022
to 2032. To understand the global market potential, growth, and scope, the
market is segmented based on Technology, mode of operation, end-use and region.
Key Segments Covered in Laser Cutting Machine Industry
Analysis
Laser Cutting Machine Market by Technology:
- Gas
Based
- Solid
State
- Fiber-Based
Laser Cutting Machine Market by Mode of Operation:
- Mechanized
- Manual
Laser Cutting Machine Market by End Use:
- Automotive
and Transportation
- Consumer
Electronics and Appliances
- Electrical
and Heavy Machinery
- Metal
Fabrication
- Other
Industrial
Laser Cutting Machine Market by Country:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia & Pacific
- Middle
East and Africa (MEA)
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