laser cutter market

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Global laser cutter market Information Report, By Technology (Solid state lasers, Gas lasers, Semiconductor lasers), By process (Flame cutting, Fusion Cutting, Sublimation), By End User (Automotive, Consumer electronics, Defense and aerospace, Industrial and Others) and By Region - Forecast To 2023

laser cutter market Research Report By

Forecast 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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Global laser cutter market Forecast To 2023

Global laser cutter market Forecast To 2023

It was reported through a released statement by Market Research Future (MRFR) that the global laser cutter market

is expected to grow at a notable pace over the forecast period. The report stated that the market is projected to

garner a compound annual growth rate of 9% over the forecast period between 2018 and 2023.


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Global laser cutter market Forecast To 2023

“Taste the market data and market information presented through more than 50 market data tables

and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content

TOC & market synopsis on Internet of Global laser cutter market Forecast To 2023”

• It is reported that the surging production level in automobiles and the use of consumer electronics across

developed nations is driving massive pool of opportunities for the growth of the market. Laser cutting machines

are used for cutting down components in an easy and precise manner. Increasing demand for new products in the

defense industry is also projected to drive significant opportunities of growth for the market. However, at the

same time, the availability of alternatives like gas cutting can hamper the growth of the market in the coming

years.


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Global laser cutter market Forecast To 2023

Global laser cutter market Segmented on the basis of

The global laser cutter market segmentation is based upon the following key dynamics: technology, enduser,

and process.

By technology, the market segments into gas lasers, solid-state lasers, and semi-conductor lasers. The solid

lasers segment accounted for the largest share of the market category and is expected to continue leading

in the coming years as well. Other than these, solid-state lasers are used for medical applications.

By process, the market divides into flame cutting, fusion cutting, and sublimation cutting.


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Global laser cutter market Forecast To 2023

Global Global laser cutter market - Geographical Analysis

The global laser cutter market is regionally segmented into the following regions: Europe, North America, Asia

Pacific, and the Rest of the World (RoW).

The North American regional market held the highest share in the global market landscape as per the study in

2016. The region is further expected to garner increasing growth rate and stand atop of the market. The booming

demand for automobiles is expected to drive the market growth in this region. The US accounts for the largest

contributor of the region and is expected to drive significant growth in the near future. Additionally, strong

developments in the US industrial sector is also expected to push the demand for the regional market. Consumer

preference concerning better advanced vehicles and numerous metal cutting machines have also shown positive

growth results over the market in North America. The booming consumer electronics and defense and aerospace

industry applications is significantly aiding the region’s growth and development. The rising automations in the

manufacturing industry of North America is another key driver of the market.

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Global laser cutter market Forecast To 2023

Global Global laser cutter market - Competitive Analysis

• The global laser cutter market has a number of prominent players. Some of the key players identified by MRFR are

as follows: Amada Miyachi Inc (US), Jenoptik Laser GmbH (Germany), Bystronic Incorporated (US), Trumpf GMBH

(Germany), Trumpf GMBH (Germany), Jiangsu Dajin Laser Science and Technology Co., Ltd. (China), Coherent, Inc.

(US), MKS Instruments (US), Epilog Laser Inc.(US), Alpha Laser (US), IPG Photonics Corporation(US), Universal

Laser Systems (US), Xenetech(US), LancerFab Tech Pvt. Ltd (India)., Trotec Lasers (US), Han's Laser Smart

Equipment Group Co., Ltd (China), and others.

• May 21st, 2019, a pioneering vinyl cutting company, Summa announced its emergence into the textile industry.

The company has acquired CadCam technology, one which has resulted in the creation of Summa L3214. It is a

laser cutting device that cuts at a speed of 800 square meters per hour.

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6894


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