Medium and High Capacity Laser Cutting Machines Market, By Product Type (Fiber Laser, CO2 Laser, Sol

Published Date: | Report Code : EQ2059003

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The Global Medium and High Capacity Laser Cutting Machines Market is projected to reach USD XX billion by 2028, growing at a CAGR of XX during the forecast period.

Medium and High Capacity Laser Cutting Machines Market

Laser cutting machines include high-power lasers that can vaporize a broad range of materials with high accuracy, ranging from steel to plastic. The versatility of these machines allows producers to cut different materials and create complex geometry goods and parts. Laser cutting machines, therefore, promote the efficient and effective manufacturing of parts and components in many sectors such as the automotive, healthcare, textiles, plastics, aerospace and defense, electrical and electronics, and woodworking industries. Laser cutting machines eliminate the need for tool-based machining and minimize the delays in manufacturing associated with machine use.

Increasing production demands in different industries and reducing human participation to improve the quality of material processing drive the need for automation in manufacturing sectors. The laser cutting machines meet these requirements. Increased sales and production in the respective automotive, consumer electronics and defense industries increase the demand for these machines to be installed for manufacturing. The decrease in the life span of products also supports the sales growth phenomena. The machines are required for keeping up with the demand for products. In the medium and high capacity laser cutting machines market, there are substitutes that assist in cutting. These give comparable characteristics but instead of laser use separate cutting tool. In the present situation, these replacements impact the medium and high capacity laser cutting machines market by providing alternative solutions for laser cutting machine deficiencies. It is anticipated that the impact of these replacements will be reduced in the future as laser cutting machines are undergoing constant changes to counter technological deficiencies.

Based on the product type, the medium and high capacity laser cutting machines market is segmented into fiber laser, co2 laser and solid-state laser. Among these, the fiber laser segment is expected to have the largest share in the medium and high capacity laser cutting machines market. Fiber laser are able to cut the material with much higher precision than the other types and with the increasing quality standards and high demands from various industries, the fiber laser will have a high demand to reduce manufacturing time and errors.
Based on the end-use industry, the automotive segment is expected to dominate the medium and high capacity laser cutting machines medium and high capacity laser cutting machines market during the forecast period. This is mainly due to the increased production and demand for automotive worldwide. According to International Organization of Motor Vehicle Manufacturers (OICA), the sale of passenger cars worldwide increased from 49650336 in 2009 to 70849466 in 2017 and is expected to increase further. Also sales of commercial vehicles increased from 15,912,329 in 2009 to 25,954,924 in 2017. This increase in demand for automotives will propel the demand for high and medium laser cutting machines for several operations in the industry.

Medium and High Capacity Laser Cutting Machines Market

Medium and High Capacity Laser Cutting Machines Market

The demand for laser cutting machines is expected to be the highest in Asia Pacific region. Rapid urbanization and industrialization in developing countries such as India and China which have high demand for electronics and automotives will lead to the adoption of laser cutting machines and hence augment the medium and high capacity laser cutting machines market.

Key Factors Impacting the Growth of Medium And High Capacity Laser Cutting Machines Market:

    • Increasing production demands in different industries.
    • Growing adoption in other end-user industries.
    • Increasing quality standards.
    • High demand of automotives.
    • Availability of alternatives.

Key Developments In The Medium And High Capacity Laser Cutting Machines Market:

• In November 2018, IPG Photonics (US), announced the release of their new generation High Power Fiber Lasers. These new lasers feature industry-leading reliability with multi-year service-free operation, the industry’s highest wall plug efficiencies, and the industry’s smallest weight and size. Three fresh technologies are also incorporated into the new laser generation. These breakthroughs will further empower clients of IPG Photonics, offering enhanced flexibility and speed in their laser applications, while lowering expenses and enhancing general performance in many cases.
• In June 2019, Bystronic (Switzerland) expanded its ByStar Fiber laser cutting system with the extra-large 6225 and 8025 formats. This improves the fiber laser cutting efficiency and the variety of cutting applications.

What Does This Report Provide?

This report provides a detailed understanding of the global medium and high capacity laser cutting machines market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the medium and high capacity laser cutting machines market during the forecast period and an in-depth analysis of the leading companies operating in the medium and high capacity laser cutting machines market.

Market Segmentation:

By Product Type:
    • Fiber Laser
    • CO2 Laser 
    • Solid-State Laser

By End-Use Industry:
    • Automotive
    • Aerospace & Defense
    • Electrical & Electronics
    • Industrial Machinery
    • Others

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Product Type
        ◦ By End-Use Industry
    • Western Europe:
        ◦ By Country (Germany, UK, France, Spain, Rest of Western Europe)
        ◦ By Product Type
        ◦ By End-Use Industry
    • Eastern Europe:
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Product Type
        ◦ By End-Use Industry
    • Asia Pacific
        ◦ By Country (China, Japan, India, Rest of Asia Pacific)
        ◦ By Product Type
        ◦ By End-Use Industry
    • Middle East:
        ◦ By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
        ◦ By Product Type
        ◦ By End-Use Industry
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Product Type
        ◦ By End-Use Industry

Companies Covered: Major Companies profiled in the report which are key players in the global medium and high capacity laser cutting machines market. IPG Photonics, Bystronic, Coherent, TRUMPF, ALPHA LASER, Mazak Optonics, Newport, CY LASER, Universal Laser Systems, DANOBATGROUP, AMADA AMERICA, Cincinnati, CutlitePenta, Jenoptik, Laser Photonics, Prima Industrie, DPSS Laser, Hypertherm, Vytek Laser Systems, Xenetech Global, Trotec Laser.

Years Considered In The Study

Medium and High Capacity Laser Cutting Machines Market

Reasons to Buy This Report:

• Market size estimation of the global medium and high capacity laser cutting machines market on a regional and global basis.
• Unique research design for medium and high capacity laser cutting machines market size estimation and forecast.
• Profiling of major companies operating in the medium and high capacity laser cutting machines market with key developments.
• Broad scope to cover all the possible segments helping every stakeholder in the medium and high capacity laser cutting machines market.

Customization:
We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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