Laser Cutting Machine Market in the US 2017-2021
About laser cutting machine
Laser cutting machines have high-power lasers that can vaporize a range of materials from steel to plastics with high levels of precision. The versatility of these machines enables manufacturers to cut various types of materials to develop products and components that have complex geometry. Therefore, laser cutting machines provide an efficient and effective process in the industrial manufacturing sector
Technavio’s analysts forecast the laser cutting machine market in the US to grow at a CAGR of 5.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the laser cutting machine market in the US for 2017-2021. To calculate the market size, the report considers the low-power lasers and the market estimations are based upon end-use applications and not based on material thickness. The end-user applications included are considered under the micro-material processing only.Technavio's report, Laser Cutting Machine Market in The US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Laser Cutting Machine Market in The US 2017-2021
Technavio recognizes the following companies as the key players in the laser cutting machine market in the US: Bystronic, Coherent, IPG Photonics, Mazak Optonics, and TRUMPF.
Other Prominent Vendors in the market are: Vytek Laser Systems, Amada America, Jenoptik, Hypertherm, Cutlite Penta, DANOBATGROUP, CYLASER, Laser Photonics, BLM, Sahajanand Laser Technology, and Cincinnati.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is use of fiber lasers for micro-cutting applications in medical device industry. Micromachining is a technology that has become vital to the medical devices industry. However, until very recently major applications of lasers in the medical field was in welding, cutting, and drilling a variety of products. At present, in the medical devices industry, micro-cutting is playing an important role in the cutting of stents.”
According to the report, one of the major drivers for this market is increasing need to develop superior-quality products. At present, the manufacturing scenario is very different from what it used to be a decade ago. With advances in technology and innovation, it is possible to produce parts quickly, efficiently, and at lower costs. One such advanced technology used nowadays is laser cutting. This technique is used to produce parts at record speeds in industrial manufacturing processes while simultaneously saving on costs.
Further, the report states that one of the major factors hindering the growth of this market is uncertainties in business policies due to recent us presidential elections. With the election of Donald Trump as the new US president, there have been widespread changes in the trade as well as employment aspects in the country. This is expected to significantly impact not only the country’s economy but the global economy as well.
Bystronic, Coherent, IPG Photonics, Mazak Optonics, TRUMPF, Vytek Laser Systems, Amada America, Jenoptik, Hypertherm, Cutlite Penta, DANOBATGROUP, CYLASER, Laser Photonics, BLM, Sahajanand Laser Technology, and Cincinnati.
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