Laser cutting machines are used to cut the materials such as wood, steel, gemstones such as diamonds, silicon, reflective metals, titanium etc. by using a laser beam. Laser cutting machines are capable of cutting the machinery parts into complex shapes in which conventional cutting machines would fail. Laser cutting process offers manyadvantages over conventional cutting process such as faster operation as majority of the work is automated and flexible, and fine and accurate cuts are obtained without any contamination or anydeformation of the metal edge. Laser cutting technology requires less energy for metal cutting hence it consumes less power and is more cost effectiveness. The global laser cutting machine market is expected to have a CAGR of 9% during the forecast period 2016-2023. Laser cutting machines have the capability to cut wood, steel, and gemstones such as diamonds, silicon, reflective metals, titanium. The decrease in the price of the fiber laser cutting machines has allowed the industries to manufacture products using laser cutting machines in their residence. In July 2017, the cost of fiber laser cutting machine was recorded to be $20000-$30000 which decreased from $50000in 2015. This changing trend of cost effective laser cutting machines has led to the increased adoption of sheet metal cutting machine.Furthermore, laser cutting machines is being extensively used in wide range of applications such as automotive, consumer electronics, defence and aerospace, industrial etc.
The key factor driving the growth of global laser cutting machine market is the increased demand for automation in industrial sector. Due to the lack of availability of technically skilled professionals in the manufacturing industries, there has been increased adoption of automated tools and machines which can perform heavy works in extreme environmental conditions where humans would fail. According to World Robotic Report, 2016, published by International Federation of Robotics, around 1.4 million robots are expected to be employed in the facotries by the end of 2019. According to Geospatial Information & Technology Association, the ongoing advancements in robotics, machine learning and artificial intelligence has led to the increased demand for automation in the industrial sector. Therefore the increasing demand for industrial automation has led to increased adoption of laser cutting machines which would contribute significantly to the market growth.
Source: OBRC Analysis.
The report on global laser cutting machine market includes technology, process and applications.
Technologies used in laser cutting machine are:
- Solid state lasers
- Gas lasers
- Semiconductor lasers
Processes used in laser cutting machine are:
- Fusion Cutting
- Flame Cutting
- Sublimation Cutting
The applications of laser cutting machine include:
- Automotive
- Consumer Electronics
- Defense and Aerospace
- Industrial
- Others
The report scope is widely categorized on the basis of its technology types which include solid state lasers, gas lasers, and semiconductor lasers.
The global laser cutting machine marketreport has been geographically segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
Asia Pacific is the largest market for global laser cutting machine market in terms of market revenue share. The key factor contributing tothe market growth in Asia Pacific is the increasing gross domestic product (GDP) and development of industrial sector in the developing countries of Asia Pacific such as India, China, and Japan etc. Moreover, the increasing investments in the automotive, industrial machinery, aerospace and defence industries in the Asia Pacific region is contributing significantly to the market growth. However, North America is expected to emerge as the fastest growing market due to the presence of powerful industrial sector. Moreover, North America accounted for significant market revenue share of 31% in 2015.
Global laser cutting machine market report covers segmentation analysis of technology, process and applications. Report further covers segments of technologywhich includes solid state lasers, gas lasers, and semiconductor lasers. Gas lasers is the dominating segment due to increased adoption of gas lasers in the making of holograms, barcode reading, dye laser pumping and laser printing. Report further covers segments of process which include fusion cutting, flame cutting and sublimation cutting. The fusion cutting process is the leading process segment due to the increased adoption of fusion cutting process in cutting thin sheets as it provides virtually oxide free cutting edge. Whereas, applications of laser cutting machine includes automotive, consumer electronics, defence and aerospace, industrialetc . The industrial sector is the leading application segment owing to the rising trend of automation in various manufacturing processes which has led to the increase in the demand for laser cutting machines.
The major market players of the global laser cutting machine market are:
- COHERENT INCORPORATION
- JENOPTIK LASER GMBH
- ALPHA LASER GMBH
- IPG PHOTONICS CORPORATION
- AMADA MIYACHI COMPANY, LTD.
- OTHERS
- These companies usevarious strategies such as merger & acquisition, collaboration, partnership and product launch. Product and service launch is the key strategy adopted by the companies in the laser cutting machine market.
For Example:In June 2016, Jenoptik laser announced to invest $15 million in order to set up a technology campus in Rochester Hills in order to provide laser cutting services to the automotive industries in North America.
In July 2017, Coherent Inc. announced the launch of its ultra-short pulse laser which would facilitate accurate and flexible OLED Cutting.
The report covers detailed analysis of companies which comprises of overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in laser cutting machine market.
Key reasons to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023
- Report includes detailed analysis of different segments such as technology, process and applications of laser cutting machine.
- Identify and understandthe strengths, opportunities, challenges and threats of globallaser cutting machine market.
- Covers details analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, and competitive landscape analysis of major players of global laser cutting machine market.
- Detailed analysis of various regulatory policies which affect the global laser cutting machine market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global laser cutting machine market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the laser cutting machine market, with giving extensive SCOT analysis of key companies.
Key findings of the global laser cutting machine market:
- Increasing demand for automation in the industrial sector is driving the growth of global laser cutting machine market.
- Asia Pacific is the largest market for global laser cutting machine market in terms of market revenue share.
- Gas lasers is the dominating segment due to increased adoption of gas lasers in the making of holograms, barcode reading, dye laser pumping and laser printing.
- Product and service launch is the key strategy adopted by the companies in the laser cutting machine market.