Laser Cutting Machine Market Size, Statistics, Trend Analysis and Forecast Report, 2021 - 2028

Laser Cutting Machine Market is segmented by Type (Vapor Chamber, Variable Conductance, Diode, Thermosyphon and Others), End User (Automotive, Aerospace & Defense, Food and beverage, Energy & power), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

  • Report ID : MD2635
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  • Pages : 180
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  • Tables : 60
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  • Formats :

Laser Cutting Machine Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.

Laser Cutting Machine Market Growth and Trends

The global laser cutting machine market is currently holding a market value of US$ 4.9 billion in 2020 and is expected to grow at a CAGR of 9.1% to an estimated market value of US$ 6.7 billion by 2024. The laser cutting machine market is forecasted to witness a year-over-year growth rate of 2.50%. The increasing industrialization is the major driving factor behind the growth of the laser cutting machine market.

The increasing globalization has resulted in emerging economies with higher disposable incomes. The rising industrialization coupled with expanding levels of population is contributing to the market growth. The elevating use of laser-based technology has significantly increased the demand for the laser cutting machine market. The propelling trend of automation in the industry verticals has influenced the demand for the laser cutting machines. The escalating demand among end-users for products functional to the micron level is majorly impacting the market growth for laser cutting machines. The growing need and demand for high-performance and high-quality product production at a very minimal timeframe has positively impacted the growth curve of the laser cutting market.

The gas segment is the fast-growing segment with an estimated CAGR of 9.4% from 2016 – 2024. The flame segment is forecasted to dominate the market by the year 2024. The fusion segment is expected to elevate at a CAGR of above 9.4% from 2016 – 2024. The industrial segment is presently dominating the market and is forecasted to dominate the market with over than US$ 1.78 billion by 2024. The consumer electronics industry is projected to be the swiftly growing sector in the next decade. The fiber segment accounts for the highest market share.

The constant technological advancements and upgrades provided by the R&D sector to the laser cutting technology have promoted the market growth for the laser cutting machine market. The increasing government and private investments coupled with the strategic marketing employed by the top market players by rendering cost-efficient machines to deepen their foothold in the market is likely to improve the market growth for the laser cutting machine technology.

Laser Cutting Machine Industry Regional Analysis

Laser Cutting Machine Market Research Report Scope/Definition
Laser Cutting Machine Market Share and Competition Key companies operating in this industry are: Trumpf Laser GmbH + Co. KG, Rofin-Sinar Technologies Inc., IPG Photonics Corporation; Coherent Inc.

Laser Cutting Machine Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Technology Analysis (Revenue, USD Million, 2021 - 2028)
• Solid State
• Gas
• Semiconductor

Process Analysis (Revenue, USD Million, 2021 - 2028)
• Fusion
• Flame
• Sublimation

Application Analysis (Revenue, USD Million, 2021 - 2028)
• Automotive
• Consumer Electronics
• Defense and Aerospace
• Industrial
• Others

Region Analasis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Laser Cutting Machine Industry Companies
• Trumpf Laser GmbH + Co.
• KG,
• Rofin-Sinar Technologies Inc.,
• IPG Photonics Corporation;
• Coherent Inc.

Available Versions of Laser Cutting Machine Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report

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