Global 3D Laser Cutting Machine Market 2017-2021
About 3D Laser Cutting Machine
3D laser cutting machines use a high-power laser beam to vaporize or melt the material to give it the required profile. These machines usually run on a computer numeric control (CNC)-operated cutting automation system. Laser cutting minimizes the operation time significantly when compared with manual cutting processes. 3D laser cutting machines are also extremely precise and provide a very smooth cutting finish, thereby eliminating the need for any further surface finishing operations.
Technavio’s analysts forecast the global 3d laser cutting machine market to grow at a CAGR of 5.32% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 3d laser cutting machine market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 3D Laser Cutting Machine Market 2017-2021
Technavio recognizes the following companies as the key players in the global 3d laser cutting machine market: Coherent, IPG Photonics, Jenoptik, Mazak Optonics, Prima Industrie, and TRUMPF.
Other Prominent Vendors in the market are: BLM GROUP, BODOR, DMG MORI, Foshan Beyond Laser, PENTA LASER Technology Industry Group, Han's Laser Technology Industry Group, Komatsu Industries, Mitsubishi Electric, and Wuhan Farley Laserlab Cutting Welding System Engineering.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing use of fiber lasers in thin-sheet and micro-cutting applications. The adoption of fiber lasers has been steadily growing in several applications due to their distinct advantages when compared with gas or other solid-state lasers. The majority of laser cutting machines sold in the future are expected to incorporate fiber lasers.”
According to the report, one driver in the market is growth in global automotive industry. 3D laser cutting machines are used to cut complex vehicle body components in the automotive industry. The conventional method of cutting these parts is to mark the part to be cut, and then use a plasma cutter manually for the cutting operation. The high speed and accuracy of 3D metal cutting machines enable automotive manufacturers to mass produce such parts at a fraction of the cost and time with those in manual production.
Further, the report states that one challenge in the market is high cost of 3D laser cutting machines. The high cost of 3D laser cutting machines is one of the biggest challenges of the market. A single 3D cutting machine can cost anywhere from a hundred thousand dollars to more than a million dollars, depending on the design and technology. Small- and medium-sized companies cannot afford this excessive cost to procure capital goods. Only large corporations with considerable manufacturing capacity usually invest in such technologies.
Coherent, IPG Photonics, Jenoptik, Mazak Optonics, Prima Industrie, TRUMPF, BLM GROUP, BODOR, DMG MORI, Foshan Beyond Laser, PENTA LASER Technology Industry Group, Han's Laser Technology Industry Group, Komatsu Industries, Mitsubishi Electric, and Wuhan Farley Laserlab Cutting Welding System Engineering.
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