Laser Cutting Machine Market Overview

The laser cutting machines market size is anticipated to develop at a  8.40% CAGR between 2022 - 2030), as per the current Market Research Future (MRFR) analysis. Laser cutting, simply put, is a technology that uses lasers like fiber, solid-state, and carbon dioxide to cut materials. It can cut materials from plastic to steel with absolute precision. This is a vital manufacturing tool that is needed by industries for manufacturing components having complex geometry. Laser cutting machines have wide applications in defense and aerospace, consumer electronics, industrial, automotive, and others. 

Laser cutting machines are used in slicing materials and controlled by CNC and laser optics. Increasing automation and demand for swiftness and agility in processes can drive the inclusion of these machines in major industries. The global laser cutting machines market report by Market Research Future (MRFR) contains vital factors such as drivers, restraints, opportunities, and trends for the forecast period (2022 - 2030). The COVID-19 pandemic and its implications on the industry are explained in high detail.

Various factors are propelling the global laser cutting machines market share. According to the recent MRFR report, such factors include growing automobile production, increasing use of consumer electronics, especially in developed countries, demand for new and advanced products in the defense industry, the trend of automation in the manufacturing sector, growing demand from end use industries, and rapid industrialization. 

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Segmentation

  • On the basis of technology, the market has been segmented as solid-state lasers, semi-conductor lasers, and gas lasers. Solid-state lasers can account for the largest market share. Its use in medical applications such as skin rejuvenation as well as advances in YAG, CO2, and fiber lasers can augment the segment growth rate. Diode-pumped solid-state lasers give better beam quality and degree of processing flexibility. On the other hand, the gas lasers can exhibit a strong growth rate over the forecast period owing to applications in barcode reading, dye laser pumping, and laser printing.
  • On the basis of process, the market has been segmented as sublimation cutting, fusion cutting, and flame cutting. The flame cutting process can occupy a large share of the laser cutting machines market owing to demand for trimming of small alloys of carbon and steel. Its high cutting speed and high quality finish can attract manufacturers from all industries.
  • On the basis of end user, the market has been segmented into industrial, automotive, consumer electronics, defense and aerospace, and others. The automotive sector dominates the end user segment of the market and is expected to grow at the highest CAGR during the forecast period. Rising demand for automobiles coupled with surge in consumer spending levels can drive the segment growth.

Key Players

  • Bystronic Incorporated
  • Epilog Laser Inc.
  • Jiangsu Dajin Laser Science and Technology Co., Ltd.
  • Amada Miyachi Inc
  • Jenoptik Laser GmbH
  • LancerFab Tech Pvt. Ltd
  • IPG Photonics Corporation
  • Trumpf GMBH
  • Han's Laser Smart Equipment Group Co., Ltd.
  • MKS Instruments
  • Universal Laser Systems
  • Alpha Laser
  • Trotec Lasers
  • Xenetech
  • Coherent Inc.

Industry News

MVD has launched the iLaser fiber laser cutting system with machine speeds ranging between 150,000 mm/min. to 220,000 mm/min. It can accelerate automation efforts of manufacturing companies by possessing the capacity of cutting through thick materials.

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