Laser Cutting Machines Market Size, Share & Trends Analysis Report By Technology (Solid State Lasers, Gas Lasers), By Process (Fusion Cutting, Flame Cutting), By Application (Automotive, Industrial), By Region, And Segment Forecasts, 2023 - 2030

Laser Cutting Machines Market Growth & Trends

The global laser cutting machines market size is expected to reach USD 10,351.0 billion by 2030, registering a CAGR of 5.5 % over the forecast period, according to a study conducted by Grand View Research, Inc. Over the forecast period, it is anticipated that the growing trend of automation in the manufacturing sector and the rising demand for the end-use industry will increase demand for these machines.

The growing application of CO2, fiber, and Yttrium Aluminum Garnet (YAG) lasers in various applications, such as industrial sectors and consumer electronics, is predicted to boost the demand for laser cutting machines. Industries such as consumer electronics are contributing to the market growth owing to the increasing use of lasers in material processing operations such as pruning, welding, and engraving. Furthermore, the requirement for high-power input and performance-based cutting tools drives demand and market growth for laser cutting machines over the forecast period.

The development of innovative process lasers to maximize the manufacture of tailored three-dimensional glass elements, as well as a shift out of traditional semiconductor lasers and towards quantum cascade lasers, will likely drive up the demand for laser cutting machines. Continuous developments in laser technology enable manufacturers to engage in R&D to obtain a competitive advantage. Furthermore, due to the demand for high-speed and precision cutting and drilling the integration of the Internet of Things, Artificial Intelligence, and automation software with drilling machines is also supporting the laser cutting machine industry’s growth.

Major players are resorting to strategies such as product launches, mergers & acquisitions, and expansions to gain greater market shares. For instance, in May 2022, Yamazaki Mazak Pvt. Ltd. announced the launch of 3D based fiber laser cutting machine for cutting steel products- FG -400 NEO. The 3D laser is equipped with an efficient laser fiber oscillator which offers efficient energy conversion and enhanced productivity.

The laser is also compatible with cutting copper, brass, and aluminum. The laser is outfitted with a feature that enables users to easily modify the laser beam's diameter and form, enabling the cutting of sheets of different thicknesses. The oscillator's maximum output is limited to 4 kW, along with a rapid input rate on the X, Y, and Z axes is 60, 36, and 30 m/min, respectively. The continuous launch of advanced products is contributing to the laser cutting machine industry’s growth.

Laser Cutting Machines Market Report Highlights

  • During the forecast period, the gas laser technology segment is expected to witness the highest CAGR of 6.1 %. The growth is attributed to the increasing demand for these lasers for better machine tools and equipment for laser printing, dye laser pumping, reading barcodes, and producing holograms
  • The fusion cutting is expected to register the highest CAGR of 6.1 % from 2023 to 2030. The advantage of fusion cutting is that it creates a cutting edge that is practically oxide-free and ideal for cutting thin sheets, which is expected to contribute to the growth of the segment
  • Over the course of the forecast period, the industrial sector is expected to dominate the laser cutting machine industry. It held a market share of 39.8 % in 2022. The need for laser cutting equipment is rising as industrial processes increasingly become automated. These tools consistently and quickly cut parts and patterns with precision
  • The rising GDP and quickening growth of the region's manufacturing sector, the Asia Pacific region is anticipated to continue growing. Additionally, businesses that use laser cutting to create semiconductors, consumer electronics, and automotive components are experiencing rapid regional growth. The need for laser cutting equipment in this area is rising along with the expansion of these industries
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Chapter 1. Methodology and Scope
1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. GVR’s internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Laser Cutting Machine Market Snapshot, 2022 & 2030
2.2. Laser Cutting Machine Market - Segment Snapshot, 2022 & 2030
Chapter 3. Laser Cutting Machine Market Outlook
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Business Environment Analysis Tools
3.4.1. Industry Analysis - Porter's Five Forces Analysis
3.4.2. PEST Analysis
Chapter 4. Laser Cutting Machine Market: Technology Outlook
4.1. Laser Cutting Machine Market Estimates & Forecasts, By Technology, 2022 & 2030 (USD Billion)
4.2. Solid state lasers
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.2.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
4.3. Gas Lasers
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.3.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
4.4. Semiconductor lasers
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.4.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
Chapter 5. Laser Cutting Machine Market: Process Outlook
5.1. Laser Cutting Machine Market Estimates & Forecasts, By Process, 2022 & 2030 (USD Billion)
5.2. Fusion Cutting
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.2.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
5.3. Flame Cutting
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.3.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
5.4. Sublimation cutting
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.4.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
Chapter 6. Laser Cutting Machine Market: Application Outlook
6.1. Laser Cutting Machine Market Estimates & Forecasts, By Application, 2022 & 2030 (USD Billion)
6.2. Automotive
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.2.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
6.3. Consumer electronics
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.3.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
6.4. Defense and Aerospace
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.4.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
6.5. Industrial
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.5.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
6.6. Other
6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.6.2. Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
Chapter 7. Laser Cutting Machine Market: Regional Outlook
7.1. Laser Cutting Machine Market Estimates & Forecasts, By Region, 2022 & 2030 (USD Billion)
7.2. North America
7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.2.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.2.3. Market estimates and forecasts, by Process 2018 - 2030 (USD Billion)
7.2.4. Market estimates and forecasts, by Application2018 - 2030 (USD Billion)
7.2.5. U.S.
7.2.5.1. U.S. Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.2.5.2. U.S. Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.2.5.3. U.S. Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.2.5.4. U.S. Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.2.6. Canada
7.2.6.1. Canada Laser Cutting Machine Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.2.6.2. Canada Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.2.6.3. Canada Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.2.6.4. Canada Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.3. Europe
7.3.1. Europe Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.2. Europe Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.3.3. Europe Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.3.4. Europe Laser Cutting Machine Market estimates and forecasts, by Application2018 - 2030 (USD Billion)
7.3.5. UK
7.3.5.1. UK Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.5.2. UK Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.3.5.3. UK Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.3.5.4. UK Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.3.6. Germany
7.3.6.1. Germany Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.6.2. Germany Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.3.6.3. Germany Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.3.6.4. Germany Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.3.7. France
7.3.7.1. France Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.7.2. France Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.3.7.3. France Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.3.7.4. France Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.3.8. Italy
7.3.8.1. Italy Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.8.2. Italy Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.3.8.3. Italy Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.3.8.4. Italy Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.3.9. Spain
7.3.9.1. Spain Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.9.2. Spain Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.3.9.3. Spain Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.3.9.4. Spain Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.10.2. Rest of Europe Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.3.10.3. Rest of Europe Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.3.10.4. Rest of Europe Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.4. Asia Pacific
7.4.1. Asia Pacific Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.2. Asia Pacific Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.4.3. Asia Pacific Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.4.4. Asia Pacific Laser Cutting Machine Market estimates and forecasts, by Application2018 - 2030 (USD Billion)
7.4.5. China
7.4.5.1. China Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.5.2. China Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.4.5.3. China Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.4.5.4. China Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.4.6. India
7.4.6.1. India Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.6.2. India Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.4.6.3. India Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.4.6.4. India Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.4.7. Japan
7.4.7.1. Japan Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.7.2. Japan Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.4.7.3. Japan Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.4.7.4. Japan Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.4.8. South Korea
7.4.8.1. South Korea Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.8.2. South Korea Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.4.8.3. South Korea Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.4.8.4. South Korea Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.4.9. Australia
7.4.9.1. Australia Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.9.2. Australia Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.4.9.3. Australia Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.4.9.4. Australia Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.4.10. Rest of Asia Pacific
7.4.10.1. Rest of Asia Pacific Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.10.2. Rest of Asia Pacific Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.4.10.3. Rest of Asia Pacific Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.4.10.4. Rest of Asia Pacific Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.5. Latin America
7.5.1. Latin America Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.5.2. Latin America Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.5.3. Latin America Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.5.4. Latin America Laser Cutting Machine Market estimates and forecasts, by Application2018 - 2030 (USD Billion)
7.5.5. Brazil
7.5.5.1. Brazil Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.5.5.2. Brazil Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.5.5.3. Brazil Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.5.5.4. Brazil Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.5.6. Mexico
7.5.6.1. Mexico Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.5.6.2. Mexico Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.5.6.3. Mexico Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.5.6.4. Mexico Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.5.7. Argentina
7.5.7.1. Argentina Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.5.7.2. Argentina Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.5.7.3. Argentina Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.5.7.4. Argentina Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.5.6. Rest of Latin America
7.5.6.1. Rest of Latin America Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.5.6.2. Rest of Latin America Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.5.6.3. Rest of Latin America Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.5.6.4. Rest of Latin America Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.6. Middle East & Africa
7.6.1. Middle East & Africa Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6.2. Middle East & Africa Laser Cutting Machine Market estimates and forecasts, by Technology 2018 - 2030 (USD Billion)
7.6.3. Middle East & Africa Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.6.4. Middle East & Africa Laser Cutting Machine Market estimates and forecasts, by Application2018 - 2030 (USD Billion)
7.6.5. U.A.E
7.6.5.1. U.A.E Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6.5.2. U.A.E Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.6.5.3. U.A.E Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.6.5.4. U.A.E Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.6.6. Saudi Arabia
7.6.6.1. Saudi Arabia Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6.6.2. Saudi Arabia Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.6.6.3. Saudi Arabia Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.6.6.4. Saudi Arabia Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.6.7. South Africa
7.6.7.1. South Africa Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6.7.2. South Africa Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.6.7.3. South Africa Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.6.7.4. South Africa Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
7.6.8. Rest of Middle East and Africa
7.6.8.1. Rest of Middle East and Africa Laser Cutting Machine Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6.8.2. Rest of Middle East and Africa Laser Cutting Machine Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion)
7.6.8.3. Rest of Middle East and Africa Laser Cutting Machine Market estimates and forecasts, by Process, 2018 - 2030 (USD Billion)
7.6.8.4. Rest of Middle East and Africa Laser Cutting Machine Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
8.1. Company Categorization (Mature Players, Emerging Players)
8.2. Company Ranking Analysis, 2022
8.3. Strategy Mapping
8.4. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
8.4.1. Alpha Laser GmbH
8.4.2 Amada Miyachi Co. Ltd
8.4.3 Bystronic Inc.
8.4.5 Coherent Inc.
8.4.6 DPSS Laser Inc.
8.4.7 Epilog Lasers Inc.
8.4.8 Fanuc Corporation
8.4.9 IPG Photonics Corporation
8.4.10 Jenoptik Laser GmbH
8.4.11 Kern Lasers System
8.4.12 Rofin-Sinar Technologies Inc.
9.4.13 Trumpf Laser GmbH + Co. Kg

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