Scope of the Study
The global laser cutting machine market is highly fragmented with the presence of numerous players in the industry. The global market for laser cutting machines is expected to grow at a significant pace during the forecast period, according to the AMA study. Moreover, growing demand for rapid production across different end-use industries such as automotive, aerospace, & defense, infrastructure, and telecom industries by speeding the operations such as cutting, welding, and punching operations is one of the major factors aiding into the growth for the global laser cutting systems market. In addition, the growing demand for 3D printing operations is another major trend driving the market for laser cutting machines globally.
The market study is being classified by Type (Solid-State Laser Cutting Machine, CO2 Laser Cutting Machine and Fiber Laser Cutting Machine), by Application (Flame Cutting, Fusion Cutting, Sublimation Cutting and Precision Cutting) and major geographies with country level break-up.
ADH Machine Tool (China), AURORALASER (China), BODOR (China), Bystronic Laser AG (Switzerland), GWEIKE Laser (China), Hanís Laser Technology Industry Group Co., Ltd (China), Jinan Xintian Technology Co., LTD. (China), Koike Aronson, Inc. (United States), NISSAN TANAKA CORPORATION†(Japan), Paras International (India), Star Laser Technology (India), TRUMPF (Germany) and Yamazaki Mazak Corporation (Japan) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing new and innovative products to remain competitive in the market. In addition, the companies in this market are also focusing on acquiring small players in order to gain the market share as the global market is highly fragmented with the presence of numerous local players in all regions. For instance, in June 2018, Bystronic announced that it has acquired 70 percent of shares of Antil S.p.A. Research Analyst at AMA predicts that China Manufacturers will contribute to the maximum growth of Global Laser Cutting Machine market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Laser Cutting Machine market by Type, Application and Region.
On the basis of geography, the market of Laser Cutting Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Composite Material Laser Cutting Operations Owing to Its High Adoption Across Different End-Use Industries Such as Automotive and Aerospace & Defense
- High Demand for Cutting Down the Operational Time & Costs for Cutting & Welding Operations Across Industrial Applications
- Increasing Demand for High-Speed Production Compiled with Better Materials Finishing in Cutting Operations
- Introduction of Hybrid Laser Cutting Machines with Capabilities to Perform 2D and 3D Laser Cutting Operations
- Deployment of Artificial Intelligence in Laser Cutting Machines
- High Cost of the Laser Cutting Machine
- Opportunities to Diversify into Emerging Markets Such as India and China Owing to Growing Expansion of Industries such as Automotive and Aerospace & Defense in terms of Production
- Booming 3D Printing Industry
- Required Replacements of Laser Cutting Head
- The Requirement of Periodic Maintenance Such as Cleaning of Cutting Edges
Market Leaders and their expansionary development strategies
In March 2018, Bystronic announced that it has completed the acquisition of its strategic partner TTM Lase S.p.A., an Italian company specialized in the development of 2D and 3D laser cutting systems for tubes and profiles
In May 2019, Bystronic introduced ByStar fiber laser cutting machine with 12 kW of fiber power which increases productivity throughout the range of sheet thickness ranging from 0.125 to 1.125 inches
Key Target AudienceLaser Cutting Machine Manufacturers, Laser Cutting Service Providers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Raw Material & Component Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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