Laser Cutting Machine Market 2024-2028
The laser cutting machine market is forecasted to grow by USD 1454.2 mn during 2023-2028, accelerating at a CAGR of 5.6% during the forecast period. The report on the laser cutting machine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus on automating metal cutting process, rising demand for fiber laser cutting machines, and growing investment in aerospace and defense industry.
Technavio's laser cutting machine market is segmented as below:
- By End-user
- Automotive
- Aerospace and defense
- Electrical and electronics
- Industrial machinery
- Others
- By Product
- Fiber
- Solid-state
- Diode
- Others
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the rising digitalization in manufacturing processes as one of the prime reasons driving the laser cutting machine market growth during the next few years. Also, technological innovations in laser cutting machines and growing focus on additive manufacturing will lead to sizable demand in the market.
The report on the laser cutting machine market covers the following areas:
- Laser Cutting Machine Market sizing
- Laser Cutting Machine Market forecast
- Laser Cutting Machine Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading laser cutting machine market vendors that include ALPHA LASER GmbH, Amada Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Coherent Corp., El.En. S.p.A., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Koike Aronson Inc., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Universal Laser Systems Inc.. Also, the laser cutting machine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.