Laser cutting machine is an industrial equipment that uses a laser source to cut materials. These equipment operate with the aid of a computer that directs the output power of laser source and design of the job. Laser cutting machines are designed to cut a wide array of materials including metals, glass and other plastic materials with high accuracy and speed. This has led to immense adoption of laser technology in material cutting over the period of time.

The most significant factor fueling the market growth is the ever-rising industrial manufacturing and processing sector worldwide. With the steadily growing manufacturing sector worldwide, the demand for industrial processing equipment (such as laser processing) is projected to remain strong in the coming years. Due to rising competition among the industrial manufacturing companies, it has become essential for the manufacturers to adopt advanced material processing methods that can enable faster and more accurate operation.

Further, laser technology offers high accuracy and speed for various industrial processes as compared to the conventional processing methods such as waterjet, plasma and flame cutting. Moreover, laser cutting is a non-contact process and hence delivers clean and damage free cutting processes. This is another prominent factor increasing penetration of laser technology across different manufacturing processes. Nevertheless, major restraint for the market is high initial costs of these system.

The report titled “Global Laser Cutting Machines Market- Growth, Share, Opportunities and Competitive Analysis, 2023 – 2030” offers strategic insights into the global laser systems industry along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on laser types, machine types, industry verticals and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. The report incorporates a separate section highlighting key trends analysis of the overall laser cutting machines market.

In order to help the strategic decision makers, the report also includes profiles of the leading laser cutting machine manufacturers, their business strategies and key developments. The major players profiled in the report are Rofin-Sinar Technologies, Inc., TRUMPF GmbH + Co. KG, Amada Co., Ltd., Coherent, Inc., Universal Laser Systems, Inc., Eurolaser GmbH, Jenoptik Laser GmbH, Han’s Laser Technology Co., Ltd., Epilog Laser, Inc. and Newport Corporation. Further, the report also covers market positioning of the key players operating in the laser cutting machines market. The section further includes a brief on key strategies adopted by the major players operating in the market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the laser cutting machines industry
• Market fuelers, market impediments, and their impact on the market growth
  In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 – 2021)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global laser cutting machines market, offering market size and estimates for the period from 2023 to 2030, keeping in mind the above mentioned factors.

As of 2020, the overall laser cutting machines market was collectively dominated by the machine tools & original equipment manufacturers (OEMs) and automotive & aerospace segments. The two segments collectively contribute to nearly 45% of the overall market revenue worldwide. Revival of the automotive industry has been one of the most significant factors supporting the segment dominance. With positive industry growth expected in the coming years, the segment would retain its leading position in the market throughout the forecast period.

Machine building & OEMs segment comprises verticals including wide array of industrial products and OEMs used across different other industry sectors. Similar to the automotive segment, the machine tools & OEMs segment would continue leading the market during the forecast period. Other major consumers for laser cutting machines include electronics & semiconductors and plastic processing & packaging. In the coming years, the healthcare segment is estimated to register the highest growth in the global market.

The laser cutting machines market is led by the gas lasers segment, globally. As of 2020, the segment contributed to more than forty percent of the total market revenue worldwide. Some of the major examples of gas lasers include carbon dioxide (CO2), carbon monoxide (CO), helium & neon (He-Ne), copper vapor and nitrogen (N2) among others. Amongst these, the CO2 laser is the most popular type used for laser cutting and drilling. CO2 lasers are capable of generating output power from few milliwatts up to multiple kilowatts (kW). In addition, these lasers can cut materials of thickness more than 5mm with high speed and precision. Moreover, these lasers can cut almost all the materials including plastics, metals, glass, wood and ceramics. Thus, these are highly suitable for industrial processing applications.

Nevertheless, the market is expected to witness substantial shift towards solid-state and fiber lasers segments in the coming years. Solid-state lasers are among the most efficient and high power laser systems used for industrial processes. As a result, the segment has been witnessing strong adoption worldwide over the period of time. Fiber lasers are variants of solid-state lasers with difference in their structure. These laser systems have higher surface-to-volume ratio making heat dissipation easier. Thus, fiber lasers are capable of generating high power as compared to the other laser systems, thereby appearing lucrative in the coming years.

As of 2020, the global laser cutting machines market is dominated, in terms of revenue, by the Asia Pacific region. The region contributes to a market share of more than one third of the total revenue generated worldwide. The market is majorly governed by countries such as Japan, China, South Korea and India. Additionally, due to presence of large number of manufacturing sectors, the Asia Pacific region is expected to retain its dominant position in the market throughout the forecast period. Europe follows the Asia Pacific region in terms of market revenue. The demand for laser cutting machines is mainly governed by countries such as Germany, France, Russia, the U.K. and other Western Europe countries.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Laser Cutting Machines market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Laser Cutting Machines market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Laser Cutting Machines market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Laser Cutting Machines market?
• Which is the largest regional market for Laser Cutting Machines market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Laser Cutting Machines market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Laser Cutting Machines market worldwide?