Laser Cutting Machines Market By Laser Source (Gas Lasers, Solid-State Lasers Fiber Lasers), By Type (Flying Optic, Moving Material, Hybrid), By Industry Vertical (Automotive & Aerospace, Machine Tools & Original Equipment Manufacturers (OEMs), Electronics & Semiconductors, Healthcare & Medical Devices, Plastic Processing & Packaging) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2024

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Market Insights

A laser cutting machine is an industrial piece of equipment that uses a laser source to cut materials. These machines operate with the aid of a computer that directs the output power of the laser source and the 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 the immense adoption of laser technology in material cutting over 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 industrial manufacturing companies, it has become essential for 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 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 the penetration of laser technology across different manufacturing processes. Nevertheless, a major restraint for the market is the high initial costs of these systems.

The report titled “Global Laser Cutting Machines Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2024” offers strategic insights into the global laser systems industry along with the market size and estimates for the duration of 2014–2024. The said research study covers an in-depth analysis of multiple market segments based on laser types, machine types, and industry verticals and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. A separate section of the report highlights key trends in the overall market for laser cutting machines.

The report also includes profiles of the leading laser-cutting machine manufacturers, their business strategies, and key developments to assist strategic decision-makers.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 the 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 machine industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • 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 2016 to 2024, keeping in mind the above-mentioned factors.

On the basis of industry verticals, the laser cutting machines market is categorized into the following segments:

  • Automotive and Aerospace
  • Machine Tools & OEMs
  • Electronics and Semiconductors
  • Healthcare & Medical Devices
  • Plastic Processing and Packaging
  • Others (jewelry, solar, aerospace, etc.)

As of 2015, the overall market for laser cutting machines 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. The revival of the automotive industry has been one of the most significant factors supporting 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.

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

On the basis of the type of laser source, the global market for laser cutting machines is segmented into the following types:

  • Gas Lasers
  • Solid-state Lasers
  • Fiber Lasers
  • Other Lasers (Semiconductors, Excimers, Dye, etc.)

Globally, the gas lasers segment leads the laser cutting machines market. As of 2015, the segment contributed 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 and neon (He-Ne), copper vapor, and nitrogen (N2), among others. Among these, the CO2 laser is the most popular type used for laser cutting and drilling. CO2 lasers are capable of generating output powers from a few milliwatts up to multiple kilowatts (kW). In addition, these lasers can cut materials with a thickness greater than 5 mm with high speed and precision. Moreover, these lasers can cut almost all materials, including plastics, metals, glass, wood, and ceramics. Thus, these are highly suitable for industrial processing applications.

Nevertheless, the market is expected to witness a substantial shift towards the solid-state and fiber laser segments in the coming years. Solid-state lasers are among the most efficient and powerful laser systems used in industrial processes. As a result, the segment has been witnessing strong adoption worldwide over the course of time. Fiber lasers are variants of solid-state lasers with differences in their structure. These laser systems have a 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.

On the basis of geography, the global market for laser-cutting machines is segmented into the following regions and countries:

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

As of 2015, the global laser cutting machines market is dominated, in terms of revenue, by the Asia Pacific region. The region contributes a market share of more than one-third of the total revenue generated worldwide. The market is largely governed by countries such as Japan, China, South Korea, and India. Additionally, due to the presence of a 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 European countries.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.3.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Laser Cutting Machines Market
2.2 Global Laser Cutting Machines Market, By Laser Source
2.3 Global Laser Cutting Machines Market, By Type
2.4 Global Laser Cutting Machines Market, By Industry Vertical
2.5 Global Laser Cutting Machines Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Laser Cutting Machines Market Revenue and Growth, 2014 – 2024, (US$ Bn) (%)
3.2 Market Inclination Insights
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.4.2 Impact Analysis of Drivers and Restraints
3.5 Attractive Investment Proposition
3.6 Laser Cutting Machines Industry – PESTEL Analysis
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Laser Cutting Machines Vendors
3.7.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Laser Cutting Machines Market Analysis, By Laser Source
4.1 Overview
4.2 Tornado Analysis
4.2.1 Global Laser Cutting Machines Market Revenue Share, By Laser Source, 2015 & 2024 (% Value)
4.3 Gas Lasers
4.4 Solid-state Lasers
4.5 Fiber Lasers
4.6 Other Lasers

Chapter 5 Global Laser Cutting Machines Market Analysis, By Type
5.1 Overview
5.2 Tornado Analysis
5.2.1 Global Laser Cutting Machines Market Revenue Share, By Type, 2015 & 2024 (% Value)
5.3 Flying Optic
5.4 Moving Material
5.5 Hybrid

Chapter 6 Global Laser Cutting Machines Market Analysis, By Industry Vertical
6.1 Overview
6.2 Tornado Analysis
6.2.1 Global Laser Cutting Machines Market Revenue Share, By Industry Vertical, 2015 & 2024 (% Value)
6.3 Automotive & Aerospace
6.4 Machine Tools & Original Equipment Manufacturers (OEMs)
6.5 Electronics & Semiconductors
6.6 Healthcare & Medical Devices
6.7 Plastic Processing & Packaging
6.8 Others (Jewelry, Solar etc.)

Chapter 7 North America Laser Cutting Machines Market Analysis
7.1 Overview
7.1.1 North America Laser Cutting Machines Market Revenue and Growth, 2014 – 2024, (US$ Bn) (Y-o-Y %)
7.2 North America Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
7.2.1 Comparative Analysis
7.3 North America Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
7.3.1 Comparative Analysis
7.4 North America Laser Cutting Machines Market Analysis, By Industry Vertical, 2014 – 2024 (US$ Bn)
7.4.1 Comparative Analysis
7.5 North America Laser Cutting Machines Market Analysis, By Country, 2014 – 2024 (US$ Bn)
7.5.1 Comparative Analysis

Chapter 8 Europe Laser Cutting Machines Market Analysis
8.1 Overview
8.2 Europe Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
8.2.1 Comparative Analysis
8.3 Europe Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
8.3.1 Comparative Analysis
8.4 Europe Laser Cutting Machines Market Analysis, By Industry Vertical, 2014 – 2024 (US$ Bn)
8.4.1 Comparative Analysis
8.5 Europe Laser Cutting Machines Market Analysis, By Country, 2014 – 2024 (US$ Bn)
8.5.1 Comparative Analysis

Chapter 9 Asia Pacific Laser Cutting Machines Market Analysis
9.1 Overview
9.2 Asia Pacific Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
9.2.1 Comparative Analysis
9.3 Asia Pacific Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
9.3.1 Comparative Analysis
9.4 Asia Pacific Laser Cutting Machines Market Analysis, By Industry Vertical, 2014 – 2024 (US$ Bn)
9.4.1 Comparative Analysis
9.5 Asia Pacific Laser Cutting Machines Market Analysis, By Country, 2014 – 2024 (US$ Bn)
9.5.1 Comparative Analysis

Chapter 10 Middle East & Africa (MEA) Laser Cutting Machines Market Analysis
10.1 Overview
10.2 MEA Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
10.2.1 Comparative Analysis
10.3 MEA Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
10.3.1 Comparative Analysis
10.4 MEA Laser Cutting Machines Market Analysis, By Industry Vertical, 2014 – 2024 (US$ Bn)
10.4.1 Comparative Analysis
10.5 MEA Laser Cutting Machines Market Analysis, By Country, 2014 – 2024 (US$ Bn)
10.5.1 Comparative Analysis

Chapter 11 Latin America Laser Cutting Machines Market Analysis
11.1 Overview
11.2 Latin America Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
11.2.1 Comparative Analysis
11.3 Latin America Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
11.3.1 Comparative Analysis
11.4 Latin America Laser Cutting Machines Market Analysis, By Industry Vertical, 2014 – 2024 (US$ Bn)
11.4.1 Comparative Analysis
11.5 Latin America Laser Cutting Machines Market Analysis, By Country, 2014 – 2024 (US$ Bn)
11.5.1 Comparative Analysis

Chapter 12 Company Profiles
12.1 TRUMPF GmbH + Co. KG
12.1.1 TRUMPF GmbH + Co. KG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
12.2 Amada Co., Ltd.
12.2.1 Amada Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
12.3 Rofin-Sinar Technologies, Inc.
12.3.1 Rofin-Sinar Technologies, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
12.4 IPG Photonics Corporation
12.4.1 IPG Photonics Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
12.5 Newport Corporation
12.5.1 Newport Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
12.6 Eurolaser GmbH
12.6.1 Eurolaser GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
12.7 Han’s Laser Technology Industry Group Co., Ltd.
12.7.1 Han’s Laser Technology Industry Group Co., Ltd. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
12.8 Jenoptik Laser GmbH
12.8.1 Jenoptik Laser GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
12.9 Epilog Laser, Inc.
12.9.1 Epilog Laser, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
12.10 Universal Laser Systems, Inc.
12.10.1 Universal Laser Systems, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

List of Figures

FIG 1 Global Laser Cutting Machines Market: Research Methodology
FIG 2 Top-Down and Bottom Up Approach
FIG 3 Global Laser Cutting Machines Market, By Laser Source, 2015 (US$ Bn)
FIG 4 Global Laser Cutting Machines Market, By Type, 2015 (US$ Bn)
FIG 5 Global Laser Cutting Machines Market, By Industry Vertical, 2015 (US$ Bn)
FIG 6 Global Laser Cutting Machines Market, By Geography, 2015 (US$ Bn)
FIG 7 Global Laser Cutting Machines Market Revenue and Growth, 2014 – 2024, (US$ Bn) (%)
FIG 8 Attractive Investment Proposition
FIG 9 PEST Analysis: Laser Cutting Machines Market
FIG 10 Market Positioning of Key Laser Cutting Machines Vendors, 2015
FIG 11 Global Laser Cutting Machines Market Revenue Share, By Laser Source, 2015 & 2024 (% Value)
FIG 12 Global Gas Lasers Market Revenue, 2014 – 2024 (US$ Bn)
FIG 13 Global Solid-state Lasers Market Revenue, 2014 – 2024 (US$ Bn)
FIG 14 Global Fiber Lasers Market Revenue, 2014 – 2024 (US$ Bn)
FIG 15 Global Other Lasers Market Revenue, 2014 – 2024 (US$ Bn)
FIG 16 Global Laser Cutting Machines Market Revenue Share, By Type, 2015 & 2024 (% Value)
FIG 17 Global Flying Optic Laser Cutting Machines Market Revenue, 2014 – 2024 (US$ Bn)
FIG 18 Global Moving Material Laser Cutting Machines Market Revenue, 2014 – 2024 (US$ Bn)
FIG 19 Global Hybrid Laser Cutting Machines Market Revenue, 2014 – 2024 (US$ Bn)
FIG 20 Global Laser Cutting Machines Market Revenue Share, By Industry Vertical, 2015 & 2024 (% Value)
FIG 21 Global Laser Cutting Machines Market Revenue in BFSI, 2014 – 2024 (US$ Bn)
FIG 22 Global Laser Cutting Machines Market Revenue in Machine Tools & Original Equipment Manufacturers (OEMs), 2014 – 2024 (US$ Bn)
FIG 23 Global Laser Cutting Machines Market Revenue in Electronics & Semiconductors, 2014 – 2024, (US$ Bn)
FIG 24 Global Laser Cutting Machines Market Revenue in Healthcare & Medical Devices, 2014 – 2024, (US$ Bn)
FIG 25 Global Laser Cutting Machines Market Revenue in Plastic Processing & Packaging, 2014 – 2024, (US$ Bn)
FIG 26 Global Laser Cutting Machines Market Revenue in Others, 2014 – 2024, (US$ Bn)
FIG 27 North America Laser Cutting Machines Market Revenue and Growth, 2014 – 2024, (US$ Bn) (Y-o-Y %)
FIG 28 Europe Laser Cutting Machines Market Revenue and Growth, 2014 – 2024, (US$ Bn) (Y-o-Y %)
FIG 29 Asia Pacific Laser Cutting Machines Market Revenue and Growth, 2014 – 2024, (US$ Bn) (Y-o-Y %)
FIG 30 MEA Laser Cutting Machines Market Revenue and Growth, 2014 – 2024, (US$ Bn) (Y-o-Y %)
FIG 31 Latin America Laser Cutting Machines Market Revenue and Growth, 2014 – 2024, (US$ Bn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Laser Cutting Machines Market
TABLE 2 Comparison of Material Processing Methods
TABLE 3 Automotive Production in Leading Asia Pacific Countries, 2011 – 2015
TABLE 4 Impact Indicators
TABLE 5 Impact Analysis of Drivers and Restraints
TABLE 6 North America Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
TABLE 7 North America Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
TABLE 8 North America Laser Cutting Machines Market Analysis, By Industry Vertical, 2014 – 2024 (US$ Bn)
TABLE 9 North America Laser Cutting Machines Market Analysis, By Country, 2014 – 2024 (US$ Bn)
TABLE 10 Europe Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
TABLE 11 Europe Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
TABLE 12 Europe Laser Cutting Machines Market Analysis, By Industry Vertical, 2014 – 2024 (US$ Bn)
TABLE 13 Europe Laser Cutting Machines Market Analysis, By Region, 2014 – 2024 (US$ Bn)
TABLE 14 Asia Pacific Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
TABLE 15 Asia Pacific Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
TABLE 16 Asia Pacific Laser Cutting Machines Market Analysis, By Industry Vertical, 2014 – 2024 (US$ Bn)
TABLE 17 Asia Pacific Laser Cutting Machines Market Analysis, By Region, 2014 – 2024 (US$ Bn)
TABLE 18 MEA Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
TABLE 19 MEA Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
TABLE 20 MEA Laser Cutting Machines Market Analysis, By Application, 2014 – 2024 (US$ Bn)
TABLE 21 MEA Laser Cutting Machines Market Analysis, By Region, 2014 – 2024 (US$ Bn)
TABLE 22 Latin America Laser Cutting Machines Market Analysis, By Laser Source, 2014 – 2024 (US$ Bn)
TABLE 23 Latin America Laser Cutting Machines Market Analysis, By Type, 2014 – 2024 (US$ Bn)
TABLE 24 Latin America Laser Cutting Machines Market Analysis, By Application, 2014 – 2024 (US$ Bn)
TABLE 25 Latin America Laser Cutting Machines Market Analysis, By Region, 2014 – 2024 (US$ Bn)
TABLE 26 TRUMPF GmbH + Co. KG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 27 Amada Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 28 Rofin-Sinar Technologies, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 29 IPG Photonics Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 30 Newport Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 31 Eurolaser GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 32 Han’s Laser Technology Industry Group Co., Ltd. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 33 Jenoptik Laser GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 34 Epilog Laser, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 35 Universal Laser Systems, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

Frequently Asked Questions:

What is the size of Laser Cutting Machines Market?

The market for Laser Cutting Machines Market is expected to reach US$ 4.97 Bn in 2024.

What is the Laser Cutting Machines Market CAGR?

The Laser Cutting Machines Market is expected to see significant CAGR growth over the coming years, at 6.7%.

What is the Forecast period considered for Laser Cutting Machines Market?

The report is forecasted to 2016-2024.

What is the base year considered for Laser Cutting Machines Market?

The base year of this report is 2015.

Who are the major players in this market?

TRUMPF GmbH + Co. KG, Amada Co., Ltd.,Rofin-Sinar Technologies, Inc.,IPG Photonics Corporation, Newport Corporation are some of the major players in the global market.

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