QYResearch forecasts that the laser processing market to grow from USD 3.12 Billion in 2016 to USD 5.26 Billion by 2022
Qyresearch forecasts that the laser processing market to grow from USD 3.12 Billion in 2016 to USD 5.26 Billion by 2022, at a CAGR of 9.13% from 2016 to 2022. The major factors driving the growth of this market include diversified application areas of lasers, adoption of lasers for material processing, increased demand for high-quality and genuine end products, and miniaturization of electronic devices. In addition, the rising demand for laser processing systems in the medical sector is expected to propel the growth of the laser processing market in the next five years. www.qyresearchglobal.com
Qyresearch forecasts that the laser processing market to grow from USD 3.12 Billion in 2016 to USD 5.26 Billion by 2022, at a CAGR of 9.13% from 2016 to 2022. The major factors driving the growth of this market include diversified application areas of lasers, adoption of lasers for material processing, increased demand for high-quality and genuine end products, and miniaturization of electronic devices. In addition, the rising demand for laser processing systems in the medical sector is expected to propel the growth of the laser processing market in the next five years. www.qyresearchglobal.com
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<strong>QYResearch</strong> <strong>forecasts</strong> <strong>that</strong> <strong>the</strong> <strong>laser</strong><br />
<strong>process<strong>in</strong>g</strong> <strong>market</strong> <strong>to</strong> <strong>grow</strong> <strong>from</strong> <strong>USD</strong> <strong>3.12</strong><br />
<strong>Billion</strong> <strong>in</strong> <strong>2016</strong> <strong>to</strong> <strong>USD</strong> <strong>5.26</strong> <strong>Billion</strong> <strong>by</strong> <strong>2022</strong><br />
● Industry Report ●Survey and Research ●Maket Analysis ●Research Report<br />
qyresearchglobal.com
Author<br />
Chen Yang<br />
Company<br />
<strong>QYResearch</strong><br />
qyresearchglobal.com
<strong>QYResearch</strong> <strong>forecasts</strong> <strong>that</strong> <strong>the</strong> <strong>laser</strong><br />
<strong>process<strong>in</strong>g</strong> <strong>market</strong> <strong>to</strong> <strong>grow</strong> <strong>from</strong> <strong>USD</strong> <strong>3.12</strong><br />
<strong>Billion</strong> <strong>in</strong> <strong>2016</strong> <strong>to</strong> <strong>USD</strong> <strong>5.26</strong> <strong>Billion</strong> <strong>by</strong> <strong>2022</strong>,<br />
at a CAGR of 9.13% <strong>from</strong> <strong>2016</strong> <strong>to</strong> <strong>2022</strong>. The<br />
major fac<strong>to</strong>rs driv<strong>in</strong>g <strong>the</strong> <strong>grow</strong>th of this<br />
<strong>market</strong> <strong>in</strong>clude diversified application areas of<br />
<strong>laser</strong>s, adoption of <strong>laser</strong>s for material<br />
<strong>process<strong>in</strong>g</strong>, <strong>in</strong>creased demand for high-quality<br />
and genu<strong>in</strong>e end products, and m<strong>in</strong>iaturization<br />
of electronic devices. In addition, <strong>the</strong> ris<strong>in</strong>g<br />
demand for <strong>laser</strong> <strong>process<strong>in</strong>g</strong> systems <strong>in</strong> <strong>the</strong><br />
medical sec<strong>to</strong>r is expected <strong>to</strong> propel <strong>the</strong><br />
<strong>grow</strong>th of <strong>the</strong> <strong>laser</strong> <strong>process<strong>in</strong>g</strong> <strong>market</strong> <strong>in</strong> <strong>the</strong><br />
next five years.<br />
Figure Global Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es Revenue (Million <strong>USD</strong>) and<br />
Growth Rate (2012-<strong>2022</strong>)<br />
Source: QYR Mach<strong>in</strong>ery & Equipment Research Center, May. 2017<br />
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The <strong>laser</strong> <strong>process<strong>in</strong>g</strong> <strong>market</strong> <strong>in</strong> APAC is expected <strong>to</strong> hold <strong>the</strong> largest share dur<strong>in</strong>g <strong>the</strong> forecast<br />
period. APAC offers potential <strong>grow</strong>th opportunities <strong>to</strong> <strong>the</strong> <strong>laser</strong> <strong>process<strong>in</strong>g</strong> <strong>market</strong> as <strong>the</strong>re is a<br />
rise <strong>in</strong> <strong>the</strong> verticals us<strong>in</strong>g <strong>laser</strong> systems such as aerospace & defense and architecture <strong>that</strong><br />
leverage on <strong>the</strong> power of <strong>laser</strong>s for carry<strong>in</strong>g out functions such as material <strong>process<strong>in</strong>g</strong> and<br />
mark<strong>in</strong>g & engrav<strong>in</strong>g <strong>that</strong> are time-consum<strong>in</strong>g and cumbersome.<br />
However, <strong>the</strong> cost of own<strong>in</strong>g a <strong>laser</strong>-based system is high and thus is a major fac<strong>to</strong>r h<strong>in</strong>der<strong>in</strong>g<br />
<strong>the</strong> <strong>grow</strong>th of <strong>the</strong> said <strong>market</strong>. There are a few <strong>laser</strong> systems which are priced on <strong>the</strong> higher side<br />
due <strong>to</strong> <strong>the</strong>ir high power output and high efficiency.<br />
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Some of <strong>the</strong> major players <strong>in</strong> <strong>the</strong> <strong>laser</strong> <strong>process<strong>in</strong>g</strong> <strong>market</strong> are Coherent, Inc. (U.S.), IPG<br />
Pho<strong>to</strong>nics Corporation (U.S.), ROFIN-SINAR Technologies Inc. (U.S.), Trumpf Group<br />
(Germany), Newport Corporation (U.S.), Jenoptik AG (Germany), Euro<strong>laser</strong> GmbH (Germany),<br />
Epilog Laser (U.S.), Alltec GmbH (Germany), and Lumentum Hold<strong>in</strong>gs Inc. (U.S.). These<br />
players adopted various strategies such as new product developments, mergers & acquisitions,<br />
partnerships, collaborations, and expansions <strong>to</strong> <strong>grow</strong> <strong>in</strong> <strong>the</strong> <strong>laser</strong> <strong>process<strong>in</strong>g</strong> <strong>market</strong>.<br />
Although sales of Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es brought a lot of opportunities, <strong>the</strong> study group<br />
recommends <strong>the</strong> new entrants just hav<strong>in</strong>g money but without technical advantage and<br />
downstream support do not <strong>to</strong> enter <strong>in</strong><strong>to</strong> <strong>the</strong> Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es field. As large demand of<br />
high-end products at home and abroad, many companies began <strong>to</strong> enter <strong>the</strong> field of high-end.<br />
Currently, <strong>the</strong> Ch<strong>in</strong>ese Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es <strong>in</strong>dustry is not only beg<strong>in</strong> <strong>to</strong> transit <strong>to</strong> high-end<br />
Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es products, while still extend <strong>in</strong> <strong>the</strong> resource-rich land and downstream<br />
<strong>in</strong>dustry cha<strong>in</strong>.<br />
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Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es product demand <strong>market</strong> <strong>the</strong>re is also a certa<strong>in</strong> space, but basically<br />
show<strong>in</strong>g <strong>the</strong> scarcity of high-end products, and low-end products, excess capacity. Along with<br />
<strong>the</strong> development of Ch<strong>in</strong>ese domestic Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es, Ch<strong>in</strong>ese domestic Laser Cutt<strong>in</strong>g<br />
Mach<strong>in</strong>es has been very mature and advanced, and <strong>the</strong> performance distance has been<br />
shorten<strong>in</strong>g compared with <strong>the</strong> imported Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es.<br />
Despite <strong>the</strong> presence of competition problems, due <strong>to</strong> <strong>the</strong> global recovery trend is clear,<br />
<strong>in</strong>ves<strong>to</strong>rs are still optimistic about this area; <strong>the</strong> future will still have more new <strong>in</strong>vestment enter<br />
<strong>the</strong> field.<br />
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<strong>QYResearch</strong> CO.,LIMITED<br />
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Facebook:@<strong>QYResearch</strong>2017, Twitter: @<strong>QYResearch</strong>_<br />
L<strong>in</strong>ked<strong>in</strong>: <strong>QYResearch</strong> Team | 恒 州 博 智 <strong>QYResearch</strong><br />
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