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The laser cutting machine market share is expected to increase to USD 1.25 billion from 2021 to 2026, at a CAGR of 4.91%.
This laser cutting machine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers laser cutting machine market segmentation by end-user (automotive, aerospace and defense, electrical and electronics, industrial machinery, and others), product (fiber, solid-state, diode, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The laser cutting machine market report also offers information on several market vendors, including ALPHA LASER GmbH, AMADA Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Chutian Laser, Coherent Inc., El.En. Spa, Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Bond Laser Co., Koike Aronson Inc., LZK CNC Machine Tool Anhui Manufacturing Co. Ltd., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., PRIMA INDUSTRIE Spa, Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF GmbH Co. KG, Universal Laser Systems Inc., and Yamazaki Mazak Corp. among others.
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The increasing focus on automating the metal cutting process is notably driving the laser cutting machine market growth, although factors such as the availability of alternate machine tools for metal cutting applications may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laser cutting machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Laser Cutting Machine Market Driver
Key Laser Cutting Machine Market Trend
Key Laser Cutting Machine Market Challenge
This laser cutting machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global laser cutting machine market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laser cutting machine market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the laser cutting machine market encompasses successful business strategies deployed by the key vendors. The laser cutting machine market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The laser cutting machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the laser cutting machine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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58% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for the laser cutting machine market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of skilled labor will facilitate the laser cutting machine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted the regional laser cutting machine market. However, in 2021, the availability of COVID-19 vaccines and the initiation of large-scale vaccination drives carried out by the governments of countries in APAC led to the lifting of lockdowns in the region. This has resulted in the resumption of activities in end-user industries, which has increased the demand for laser cutting machines in the region. Such factors will drive the growth of the regional market during the forecast period.
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The laser cutting machine market share growth by the automotive segment will be significant during the forecast period. The automotive industry is the primary user of laser cutting machines, which are used to cut metal parts deployed in almost every system of automotive vehicles, ranging from fuel delivery systems to airbag components. Technological advances, fueled by the implementation of stringent emission norms and the increasing demand for fuel efficiency, have boosted the demand for lightweight metal parts, such as aluminum and titanium, in passenger vehicles. Laser cutting machines are more efficient in cutting these lightweight metal parts than plasma metal cutting machines. Such factors will drive the market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the laser cutting machine market size and actionable market insights on post COVID-19 impact on each segment.
US Laser Cutting Machine market - The market share is expected to increase by USD 78.85 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 3%.
Robotic Laser Cutting market - The market share is expected to increase by USD 127.47 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.61%.
Laser Cutting Machine Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 4.91% |
Market growth 2022-2026 |
$ 1.25 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.52 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 58% |
Key consumer countries |
US, China, South Korea, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ALPHA LASER GmbH, AMADA Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Chutian Laser, Coherent Inc., El.En. Spa, Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Bond Laser Co., Koike Aronson Inc., LZK CNC Machine Tool Anhui Manufacturing Co. Ltd., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., PRIMA INDUSTRIE Spa, Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF GmbH Co. KG, Universal Laser Systems Inc., and Yamazaki Mazak Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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