The industrial fiber laser market has the potential to grow by USD 1.18 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 4.61%.
This industrial fiber laser 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 market segmentations by application (cutting, marking, and welding) and geography (APAC, Europe, North America, South America, and MEA). The industrial fiber laser market report also offers information on several market vendors, including Amonics Ltd., Coherent Inc., FANUC Corp., Furukawa Electric Co. Ltd., IPG Photonics Corp., Jenoptik AG, Mitsubishi Corp., MKS Instruments Inc., NKT AS, and TRUMPF GmbH + Co. KG among others.
What will the Industrial Fiber Laser Market Size be in 2021?
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Industrial Fiber Laser Market: Key Drivers and Trends
The rapid growth of high-precision machining is notably driving the industrial fiber laser market growth, although factors such as increasing demand for refurbished laser cutting machines may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial fiber laser industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This industrial fiber laser 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 2021-2025.
Who are the Major Industrial Fiber Laser Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Amonics Ltd.
- Coherent Inc.
- FANUC Corp.
- Furukawa Electric Co. Ltd.
- IPG Photonics Corp.
- Jenoptik AG
- Mitsubishi Corp.
- MKS Instruments Inc.
- NKT AS
- TRUMPF GmbH + Co. KG
This statistical study of the industrial fiber laser market encompasses successful business strategies deployed by the key vendors. The industrial fiber laser market is fragmented and the vendors are deploying various organic and inorganic growth strategies 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 industrial fiber laser 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.
Which are the Key Regions for Industrial Fiber Laser Market?
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55% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and Japan are the key markets for industrial fiber lasers in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
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.
What are the Revenue-generating Application Segments in the Industrial Fiber Laser Market?
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The industrial fiber laser market share growth by the cutting segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial fiber laser market size and actionable market insights on post COVID-19 impact on each segment.
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Industrial Fiber Laser Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 4.61% |
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Market growth 2021-2025 |
$ 1.18 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.32 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 55% |
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Key consumer countries |
China, US, South Korea (Republic of Korea), Germany, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Companies profiled |
Amonics Ltd., Coherent Inc., FANUC Corp., Furukawa Electric Co. Ltd., IPG Photonics Corp., Jenoptik AG, Mitsubishi Corp., MKS Instruments Inc., NKT AS, and TRUMPF GmbH + Co. KG |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the forecast period. |
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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. |
What are the Key Factors Covered in this Industrial Fiber Laser Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive industrial fiber laser market growth during the next five years
- Precise estimation of the industrial fiber laser market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial fiber laser industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial fiber laser market vendors
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