Market Research

Laser Cutting Machines Market

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from $4,850 160 Pages Fortune Business Insights Pvt. Ltd. October, 2024 FOB19260669
Best Price Guarantee
Price from $4,850
Length 160 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date October, 2024
SKU FOB19260669

Laser Cutting Machines Market



Growth Factors of Laser Cutting Machines Market

The laser cutting machines market size was valued at USD 5.59 billion in 2022, and the market is now projected to grow from USD 5.95 billion in 2023 to USD 11.32 billion by 2030, exhibiting a CAGR of 9.6% during the forecast period of 2023-2030.

COVID-19 has impacted the laser cutting machines market growth, manufacturing and fabrication applications’ needs worldwide and slowed production capabilities. The decline in laser demand for sheet metal operations harmed revenues, while slowed investments and production capacities hindered the market. Trade restrictions on goods such as lasers and chemicals further strained the supply chain, amplifying short-term economic pressures.

Post-pandemic industrialization recovery and rising automotive steel demand are boosting the laser cutting machines market share. Increased investments in capacity expansion and the need for efficient production drive demand for these advanced machines. Laser-cutting technology offers high output and cost savings, making it a preferred choice in industrial operations. These factors are expected to fuel the market during the forecast period.

Also, integrating IoT and Industry 4.0 in modern engineering enhances laser cutting machines by increasing production capacity and automation. This shift has cut down many expenses such as labour and operating costs, increasing eminent and productivity simultaneously. Therefore, laser cutting machines are poised to increase thus contributing to market growth in the forecast period.

Comprehensive Analysis of Laser Cutting Machines Market

The laser cutting machines market and machinery and equipment industry are rising at an exponential rate due to their market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by technology type, function type and end-user. The technology type includes, Fiber Lasers, CO2, Solid State and Others (Semiconductor). The function type includes, Semi-Automatic and Robotic. The end-user includes, Automotive, Metal & Fabrication, Electronics, Energy & Power and Others (Medical).

Asia Pacific is leading the global laser cutting market, driven by a large consumer base and increasing automation, such as robotic lasers in automotive production. Supportive government policies to boost automobile sales are further fueling market growth. These factors are expected to expand the region’s market share of laser cutting machines in the long term.

The key industry players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, Trumpf (Germany), Hanslaser (China), HGTECH (China), Bystronic (Switzerland), Jinan Bodor CNC Machine Co., Ltd. (China), Amada (Japan), Salvagnini (Italy), PrimaPower (Italy), Mazak (Japan), Messer (Germany), Mitsubishi (Japan), IPG Photonics (U.S.) and Epilog Laser (U.S.). These market players provide a level-playing competitive landscape.

In February 2023, xTool introduced a high-performance 40W laser module with advanced precision, capable of accurately cutting and engraving intricate components.

Segmentation Table

Global Laser Cutting Machines Market Scope

Study Period 2019-2030

Base Year 2022

Forecast Period 2023-2030

Growth Rate CAGR of 9.6% from 2023 to 2030

Historical Period 2019-2021

Unit Value (USD Billion)

Segmentation By Technology Type, Function Type, End User, and Region

By Technology Type Fiber Lasers

CO2

Solid State

Others (Semiconductor)

By Function Type Semi-Automatic

Robotic

By End User Automotive

Metal & Fabrication

Electronics

Energy & Power

Others (Medical)

By Region North America (By Technology Type, Function Type, End-User, and Country)
  • U.S. (By End-User)
  • Canada (By End-User)
  • Mexico (By End-User)
Europe (By Technology Type, Function Type, End-User, and Country)
  • U.K. (By End-User)
  • Germany (By End-User)
  • France (By End-User)
  • Italy (By End-User)
  • Spain (By End-User)
  • Russia (By End-User)
  • Rest of Europe
Asia Pacific (By Technology Type, Function Type, End-User, and Country)
  • China (By End-User)
  • India (By End-User)
  • Japan (By End-User)
  • South Korea (By End-User)
  • ASEAN (By End-User)
  • Rest of Asia Pacific
Middle East & Africa (By Technology Type, Function Type, End-User, and Country)
  • Israel (By End-User)
  • GCC (By End-User)
  • South Africa (By End-User)
  • Rest of MEA
South America (By Technology Type, Function Type, End-User, and Country)
  • Brazil (By End-User)
  • Argentina (By End-User)
  • Rest of South America


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1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Laser Cutting Machines Key Players Market Share/Ranking, 2022
5. Global Laser Cutting Machines Market Size Estimates and Forecasts, By Segments, 2019-2030
5.1. Key Findings
5.2. By Technology Type (USD)
5.2.1. Fiber Lasers
5.2.2. CO2
5.2.3. Solid State
5.2.4. Others (Semiconductor)
5.3. By Function Type (USD)
5.3.1. Semi-Automatic
5.3.2. Robotic
5.4. By End-Use (USD)
5.4.1. Automotive
5.4.2. Metal & Fabrication
5.4.3. Electronics
5.4.4. Energy & Power
5.4.5. Others (Medical)
5.5. By Region (USD)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East & Africa
5.5.5. South America
6. North America Laser Cutting Machines Market Size Estimates and Forecasts, By Segments, 2019-2030
6.1. Key Findings
6.2. By Technology Type (USD)
6.2.1. Fiber Lasers
6.2.2. CO2
6.2.3. Solid State
6.2.4. Others (Semiconductor)
6.3. By Function Type (USD)
6.3.1. Semi-Automatic
6.3.2. Robotic
6.4. By End-Use (USD)
6.4.1. Automotive
6.4.2. Metal & Fabrication
6.4.3. Electronics
6.4.4. Energy & Power
6.4.5. Others (Medical)
6.5. By Country (USD)
6.5.1. United States
6.5.1.1. By End User
6.5.2. Canada
6.5.2.1. By End User
6.5.3. Mexico
6.5.3.1. By End User
7. Europe Laser Cutting Machines Market Size Estimates and Forecasts, By Segments, 2019-2030
7.1. Key Findings
7.2. By Technology Type (USD)
7.2.1. Fiber Lasers
7.2.2. CO2
7.2.3. Solid State
7.2.4. Others (Semiconductor)
7.3. By Function Type (USD)
7.3.1. Semi-Automatic
7.3.2. Robotic
7.4. By End-Use (USD)
7.4.1. Automotive
7.4.2. Metal & Fabrication
7.4.3. Electronics
7.4.4. Energy & Power
7.4.5. Others (Medical)
7.5. By Country (USD)
7.5.1. United Kingdom
7.5.1.1. By End User
7.5.2. Germany
7.5.2.1. By End User
7.5.3. France
7.5.3.1. By End User
7.5.4. Italy
7.5.4.1. By End User
7.5.5. Spain
7.5.5.1. By End User
7.5.6. Russia
7.5.6.1. By End User
7.5.7. Rest of Europe
8. Asia Pacific Laser Cutting Machines Market Size Estimates and Forecasts, By Segments, 2019-2030
8.1. Key Findings
8.2. By Technology Type (USD)
8.2.1. Fiber Lasers
8.2.2. CO2
8.2.3. Solid State
8.2.4. Others (Semiconductor)
8.3. By Function Type (USD)
8.3.1. Semi-Automatic
8.3.2. Robotic
8.4. By End-Use (USD)
8.4.1. Automotive
8.4.2. Metal & Fabrication
8.4.3. Electronics
8.4.4. Energy & Power
8.4.5. Others (Medical)
8.5. By Country (USD)
8.5.1. China
8.5.1.1. By End User
8.5.2. India
8.5.2.1. By End User
8.5.3. Japan
8.5.3.1. By End User
8.5.4. South Korea
8.5.4.1. By End User
8.5.5. ASEAN
8.5.5.1. By End User
8.5.6. Rest of Asia Pacific
9. Middle East & Africa Laser Cutting Machines Market Size Estimates and Forecasts, By Segments, 2019-2030
9.1. Key Findings
9.2. By Technology Type (USD)
9.2.1. Fiber Lasers
9.2.2. CO2
9.2.3. Solid State
9.2.4. Others (Semiconductor)
9.3. By Function Type (USD)
9.3.1. Semi-Automatic
9.3.2. Robotic
9.4. By End-Use (USD)
9.4.1. Automotive
9.4.2. Metal & Fabrication
9.4.3. Electronics
9.4.4. Energy & Power
9.4.5. Others (Medical)
9.5. By Country (USD)
9.5.1. Israel
9.5.1.1. By End User
9.5.2. GCC
9.5.2.1. By End User
9.5.3. South Africa
9.5.3.1. By End User
9.5.4. Rest of MEA
10. South America Laser Cutting Machines Market Size Estimates and Forecasts, By Segments, 2019-2030
10.1. Key Findings
10.2. By Technology Type (USD)
10.2.1. Fiber Lasers
10.2.2. CO2
10.2.3. Solid State
10.2.4. Others (Semiconductor)
10.3. By Function Type (USD)
10.3.1. Semi-Automatic
10.3.2. Robotic
10.4. By End-Use (USD)
10.4.1. Automotive
10.4.2. Metal & Fabrication
10.4.3. Electronics
10.4.4. Energy & Power
10.4.5. Others (Medical)
10.5. By Country (USD)
10.5.1. Brazil
10.5.1.1. By End User
10.5.2. Argentina
10.5.2.1. By End User
10.5.3. Rest of South America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Trumpf
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Hanslaser
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Bystronic
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Jinan Bodor CNC Machine Co., Ltd.
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Amada
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. PrimaPower
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Mazak
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Messer
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Mitsubishi
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. IGP Photonics
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
12. Key Takeaways

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