About Laser Cutting Machine
Laser cutting machines have high-power lasers that can cut a range of materials, from steel to plastics, with high levels of accuracy. The versatility of these machines allows manufacturers to develop complex geometric products. Thus, laser cutting machines offer an efficient and effective way for manufacturing parts and components for a wide range of industries, such as automotive, aerospace and defense, healthcare, electrical and electronics, textiles, and wood working.
Technavio’s analysts forecast the global laser cutting machine market to grow at a CAGR of 8.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 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 Laser Cutting Machine Market 2017-2021
Technavio recognizes the following companies as the key players in the global laser cutting machine market: Coherent, IPG Photonics, MKS Instruments, and TRUMPF.
Other Prominent Vendors in the market are: ALPHA LASER, Bystronic, DPSS Lasers, Trotec Laser, Universal Laser Systems, Xenetech, and Amada Miyachi.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing number of mergers and acquisitions. The laser cutting machine market is a highly-fragmented market as it has local and international vendors, competing with each other to sustain their market position. Therefore, major players in the market are resorting to acquisitions as a strategy to increase their market shares. With mergers and acquisitions, players obtain the access to untapped markets and establish their market presence.”
According to the report, one of the major drivers for this market is Growing automotive market. The automotive sector is one of the major end-users of laser cutting machines. The high-quality of cutting edges, high processing speed, and low heat input of lasers prove to be advantageous for automotive manufacturers. In addition, materials such as airbag cloth and composites for interior room parts also make use of lasers. Therefore, laser cutting machines play a key role in manufacturing automotive components and parts. The growth of the automotive sector is expected to drive the demand for laser cutting machines.
Further, the report states that one of the major factors hindering the growth of this market is CO₂ laser manufacturer challenges. The issue of effective and proper heat dissipation is one of the primary concerns while designing a CO₂ laser. Different names are given to a CO₂ laser based on the different means that are used to dissipate heat. There are two basic heat dissipation methods, namely thermal dissipation cooling and diffusion cooling.
Coherent, IPG Photonics, MKS Instruments, TRUMPF, ALPHA LASER, Bystronic, DPSS Lasers, Trotec Laser, Universal Laser Systems, Xenetech, and Amada Miyachi.
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