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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The rising adoption of industry 4.0 technologies such as automation, data analytics, and the Internet of Things (IoT) are assisting in maximizing the efficiency of laser-cutting machinery. Manufacturers aim to improve operating cost-efficiency, decrease downtime, and enhance production.On the other hand rising demand for laser welding equipment due to the need for high-precision, fully automated, non-invasive welding alternatives in multiple sectors.
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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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