Laser Cutting Machine Market
Laser Cutting Machine Market Size, Share & Trends Analysis Report by Technology (Fiber Laser, Co2, Solid State, Others), by Function Type (Semi-Automatic, Robotics), and by End-User (Automotive, Metal and Fabrication, Electronics, Energy and Power, Other (Medical) Forecast Period (2024-2031)
Laser cutting machine market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period (2024-2031). Laser Cutting is a thermal separation method in which many different materials can be cut efficiently, quickly, and precisely without reworking. They can perfectly re-create designs made on a computer in a matter of minutes or even seconds. It is the type of CNC machine (Computer Numerical Controlled) that takes commands from drawings that have been digitized and transformed into a computer language that describes every angle and curve of that design.
Market Dynamics
Automation and Customization
It was seen that automation and customization are becoming the major factors for its demand. Laser Cutting machine's ability to cut through a wide range of materials with high accuracy and speed has driven up the demand for laser cutting machines over the years. Its adoption in industries such as automotive, manufacturing, and aerospace is expected to contribute to manufacturers' profits by providing essential services.The demand for customized products is anticipated to amplify the demand for laser-cutting machines. Furthermore, the eCommerce and online shopping industries have played a major role in market growth in recent years, as consumers are customizing their products and ordering through online portals.
Technological Advancement is an opportunity
The rising adoption of industry 4.0 technologies such as automation, data analytics, and the Internet of Things (IoT) are assisting in maximizing the efficiency of laser-cutting machinery. Manufacturers aim to improve operating cost-efficiency, decrease downtime, and enhance production.On the other hand rising demand for laser welding equipment due to the need for high-precision, fully automated, non-invasive welding alternatives in multiple sectors.
Market Segmentation
Our in-depth analysis of the global laser cutting machinemarket includes the following segments technology type, power output, and end-user.
- Based on technology type, the market is sub-segmented into fiber laser, Co2, solid state, and others.
- Based on function type, the market is sub-segmented into semi-automatic and robotics.
- Based on end-user,the market is sub-segmented into automotive, metal and fabrication, electronics, energy and power, and other (medical).
Laser Cutting Machine segments by technology
The fiber lasers segment accounted for the largest share in this market. This technology is highly opted owing to its ability of offering desired precision, speed, and efficiency of the operation. Fiber lasers are particularly well-suited for cutting reflective metals due to their wavelength, which is readily absorbed by metals. CO2 lasers, on the other hand, offer a good balance of versatility and cost, making them suitable for a wide range of applications.
Solid State Holds a Considerable Market Share
The solid-state laser cutting machine segment holds the largest market share. This segment includes laser systems that use solid-state gain media, such as crystals or glasses doped with rare-earth elements, typically ytterbium, neodymium, or erbium.Backing up by the automotive sector is a major end-user of laser cutting machines, holding a substantial share of the market.
Regional Outlook
The global laser cutting machinemarket is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Laser Cutting Machine Market Growth by Region 2024-2031
Asia-Pacific Holds Major Market Share
Among all the regions, Asia-Pacific holds a significant share owing to the presence of rising demand for laser-cutting machines from end-user industries such as electronics and automotive . The presence of emerging economies such as China, Japan, India, Vietnam, and South Korea, among others, with a strong presence in the manufacturing industry is further contributing to the regional market growth. The growing adoption of automation in laser-cutting machinery is further aiding to the regional laser cutting machine industry’s growth.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the laser cutting machine market include TRUMPF, Bystronic, TANAKA& KOIKE, Amada, Mazak, Salvagnini, and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.For instance, In November 2023 Transfluid and TRUMPF partnered to provide solutions for the complete tube processing chain, from laser cutting to bending and further processing.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the laser cutting machine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Trumpf
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Hanslaser
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Bystronic
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Laser Cutting Machine Market by Technology Type
4.1.1. Fiber Lasers
4.1.2. Co2
4.1.3. Solid State
4.1.4. Others (Semiconductor)
4.2. Laser Cutting Machine Market by Function type
4.2.1. Semi-Automatic
4.2.2. Robotic
4.3. Laser Cutting MachineMarket by End-User
4.3.1. Automotive
4.3.2. Metal & Fabrication
4.3.3. Electronics
4.3.4. Energy& Power
4.3.5. Other (Medical)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. The Middle East & Africa
6. Company Profiles
6.1. Trumpf Laser GmbH + Co. KG
6.2. Rofin-Sinar Technologies Inc.
6.3. IPG Photonics Corp.
6.4. Coherent Inc.
6.5. Han’s Laser Smart Equipment Group Co Ltd.
6.6. Jenoptik Laser GmbH
6.7. Lumentum
6.8. LaserStar
6.9. Epilog Laser
6.10. Amada Miyachi Company Ltd.
6.11. Bystronic Inc.
6.12. Kern Laser Systems
6.13. Jinan SENFENG Technology Co. Ltd.
6.14. Mazak Optonics Corp.
6.15. DMG MORI
6.16. Alpha Laser GmbH
6.17. DPSS Laser Inc.
6.18. Fanuc Corp.
1. GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPES, 2023-2031 ($ MILLION)
2. GLOBAL FIBER LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL Co2LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL SOLID-STATE LASER CUTTINGMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL OTHER LASER CUTTING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY FUNCTION TYPES, 2023-2031 ($ MILLION)
7. GLOBAL SEMI-AUTOMATIC LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL ROBOTIC LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
10. GLOBAL LASER CUTTING MACHINE FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL LASER CUTTING MACHINE FORMETAL AND FABRICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL LASER CUTTING MACHINE BY ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL LASER CUTTING MACHINE BY ENERGY AND POWER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL LASER CUTTING MACHINE BY OTHER (MEDICAL) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. NORTH AMERICAN GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. NORTH AMERICAN GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPES, 2023-2031 ($ MILLION)
17. NORTH AMERICAN GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY FUNCTION TYPES, 2023-2031 ($ MILLION)
18. NORTH AMERICAN GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
19. EUROPEAN GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
20. EUROPEAN GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPES, 2023-2031 ($ MILLION)
21. EUROPEAN GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY FUNCTION TYPES, 2023-2031 ($ MILLION)
22. EUROPEAN GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
23. ASIA-PACIFIC GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPES, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY FUNCTION TYPES, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
27. REST OF THE WORLD GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
28. REST OF THE WORLD GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPES, 2023-2031 ($ MILLION)
29. REST OF THE WORLD GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY FUNCTION TYPES, 2023-2031 ($ MILLION)
30. REST OF THE WORLD GLOBAL LASER CUTTING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
1. GLOBAL LASER CUTTING MACHINE MARKET SHARE BY TECHNOLOGY TYPES, 2023 VS 2031 (%)
2. GLOBAL FIBER LASER CUTTING MACHINE MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL CO2 LASER CUTTING MACHINE MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL SOLID STATE LASER CUTTING MACHINE MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL OTHERS (SEMICONDUCTOR) LASER CUTTING MACHINE MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL LASER CUTTING MACHINE MARKET SHARE BY FUNCTION TYPES, 2023 VS 2031 (%)
7. GLOBAL SEMI-AUTOMATIC LASER CUTTING MACHINE MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL ROBOTICS LASER CUTTING MACHINE MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL LASER CUTTING MACHINE MARKET SHARE BY END-USER, 2023 VS 2031 (%)
10. GLOBAL LASER CUTTING MACHINE FOR AUTOMOTIVE MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL LASER CUTTING MACHINE FOR METAL AND FABRICATION MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL LASER CUTTING MACHINE FOR ELECTRONICS MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL LASER CUTTING MACHINE FOR ENERGY AND POWER MARKET SHARE BY REGION, 2023 VS 2031 (%)GLOBAL LASER CUTTING MACHINE FOR OTHER (MEDICAL) MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL LASER CUTTING MACHINE MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. US GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
16. CANADA GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
17. UK GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
18. FRANCE GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
19. GERMANY GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
20. ITALY GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
21. SPAIN GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
22. REST OF EUROPE GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
23. INDIA GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
24. CHINA GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
25. JAPAN GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
26. SOUTH KOREA GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF ASIA-PACIFIC GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
28. LATIN AMERICA GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
29. MIDDLE EAST AND AFRICA GLOBAL LASER CUTTING MACHINE MARKET SIZE, 2023-2031 ($ MILLION)
