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.
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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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Laser Cutting Machine Market by Technology Type
- Fiber Lasers
- Co2
- Solid State
- Others (Semiconductor)
Laser Cutting Machine Market by Function type
- Semi-Automatic
- Robotic
Laser Cutting MachineMarket by End-User
- Automotive
- Metal & Fabrication
- Electronics
- Energy& Power
- Other (Medical)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East & Africa
Company Profiles
- Trumpf Laser GmbH + Co. KG
- Rofin-Sinar Technologies Inc.
- IPG Photonics Corp.
- Coherent Inc.
- Han’s Laser Smart Equipment Group Co Ltd.
- Jenoptik Laser GmbH
- Lumentum
- LaserStar
- Epilog Laser
- Amada Miyachi Company Ltd.
- Bystronic Inc.
- Kern Laser Systems
- Jinan SENFENG Technology Co. Ltd.
- Mazak Optonics Corp.
- DMG MORI
- Alpha Laser GmbH
- DPSS Laser Inc.
- Fanuc Corp.
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.
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