Laser Cutting Machines Market

Laser Cutting Machines 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 Cutting Machines Market Forecast To 2023
Global Laser Cutting Machines Market Forecast To 2023
It was reported through a released statement by Market Research Future (MRFR) that the global laser cutting
machines 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 Cutting Machines 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 Cutting Machines 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 Cutting Machines Market Forecast To 2023
Global Laser Cutting Machines Market Segmented on the basis of
The global laser cutting machines market segmentation is based upon the following key dynamics:
technology, end-user, 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 Cutting Machines Market Forecast To 2023
Global Global Laser Cutting Machines Market - Geographical Analysis
The global laser cutting machines 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 Cutting Machines Market Forecast To 2023
Global Global Laser Cutting Machines Market - Competitive Analysis
• The global laser cutting machines 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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