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Laser Cutting Machine Market in the US 2017-2021

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.

Key vendors

  • Bystronic
  • Coherent
  • IPG Photonics
  • Mazak Optonics
  • TRUMPF
Other prominent vendors
  • Vytek Laser Systems
  • Amada America
  • Jenoptik
  • Hypertherm
  • Cutlite Penta
  • DANOBATGROUP
  • CYLASER
  • Laser Photonics
  • BLM
  • Sahajanand Laser Technology
  • Cincinnati
Market driver
  • Increasing need to develop superior-quality products
  • For a full, detailed list, view our report
Market challenge
  • Uncertainties in business policies due to recent US presidential elections
  • For a full, detailed list, view our report
Market trend
  • Use of fiber lasers for micro-cutting applications in medical device industry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

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.

Companies Mentioned

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.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market size and forecast
      • Table Impact of US PMI change on low-power laser cutting machine market in US
      • Table Low-power laser cutting machine market by value ($ millions) and volume (units) 2016-2021
      • Table Projected growth of middle class 2015, 2025, and 2035 (in millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Low-power laser cutting machine market in US: Segmentation by product 2016 and 2021
    • Low-power fiber laser cutting machines
      • Table Low-power fiber laser cutting machine market in US 2016-2021 ($ millions)
    • Low-power COlaser cutting machines
      • Table Low-power COlaser cutting machine market in US 2016-2021 ($ millions)
    • Low-power solid-state laser cutting machines
      • Table Low-power solid-state laser cutting machine market in US 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Low-power laser cutting machine market in US: Segmentation by end-users 2016 and 2021
    • Semiconductor
      • Table Share of leading countries in global semiconductor market 2015 (%)
      • Table Low-power laser cutting machine market: Semiconductor industry 2016-2021 ($ millions)
      • Table Share of American firms in regional markets 2015 ($ billions)
    • Medical devices
      • Table Low-power laser cutting machine market: Medical devices industry 2016-2021 ($ millions)
    • Consumer electronics
      • Table Low-power laser cutting machine market: Consumer electronics industry 2016-2021 ($ millions)
      • Table Consumer electronics products and services segmentation in 2016 (%)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Comparative analysis between COlaser cutting and water jet cutting
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Development of compact and low-power terahertz lasers
    • Use of fiber lasers for micro-cutting applications in medical device industry
    • Growing adoption in other end-user industries
    • Rising investments in R&D
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Bystronic
    • Coherent
    • IPG Photonics
    • Mazak Optonics
    • TRUMPF
  • Appendix
    • List of abbreviations
  • Explore Technavio

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