Fiber Laser Market in Europe - Industry Analysis 2015-2019

Market outlook of the fiber laser market in Europe

Fiber lasers contain an optical fiber that is integrated with rare-earth elements like erbium and ytterbium. They are preferred over other lasers as they are more reliable, efficient, robust, and portable than CO2 lasers. The market for fiber lasers in Europe is expected to post a strong market growth rate of approximately 21% by 2019. Factors like their superior performance, longer lifespan, high efficiency, and eco-friendly nature are responsible for this market’s impressive growth rate during the forecast period.

Technavio’s market research analysts have estimated eminent drivers, such as the augmented usage of fiber lasers in the automotive industry, to positively influence market growth during the forecast period. As fiber lasers can easily cut through high-strength steel, their applicability in the automotive industry is envisaged to increase significantly during the forecast period.

Application-based segmentation of the fiber laser market in Europe

• Material processing
• Advanced applications
• Medical applications

In this market analysis, analysts estimate the materials processing segment to account for more than 84% of the total market share by 2019. This segment dominates the fiber laser market in Europe due to its increasing usage in applications like marking, engraving, printing, welding, and cutting.

Competitive landscape and key vendors

This market is characterized by the presence of well-established vendors who are increasingly adopting new technologies to gain prominence in the market. Since this market has high entry barriers, the entry of new vendors is restricted. Additionally, the growing focus on establishing good relations with customers will help vendors to increase their revenue generation capacity during the forecast period.

Key vendors in this market are -

• Coherent Inc
• IPG Photonics Corp
• Rofin-Sinar Technologies Inc
• Trumpf Inc

Other prominent vendors in this market are 3S Photonics, Amonics, Apollo Instruments, Clark MXR, EKSPLA, ELUXI, Fanuc, Fianium, FiberLAST, GBOS Laser Technology, GSI Group, Hypertherm, IMRA America, JDS Uniphase, JENOPTIK Laser, Mitsubishi Cable Industries, Miyachi Unitek, Newport, NKT Photonics, Nufern, Nuphoton Technologies, Photonic Solutions, Prima Electro North America, TOPTICA Photonics, and Wuhan Raycus Fiber Laser Technologies.

Growth drivers, challenges, and upcoming trends: Fiber lasers

Upcoming trends like the emergence of eco-friendly technologies are expected to foster market growth during the forecast period. The recent paradigm shift toward eco-friendly products has resulted in the development of eco-friendly fiber lasers, which offer advantages like high-energy savings. Factors like reduced energy consumption, reduced wastage, and the usage of non-hazardous materials are expected to augment the demand for eco-friendly fiber lasers in the next five years.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the fiber laser market in Europe. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the fiber laser market in Europe?
• What are the key market trends impacting the growth of the fiber laser market in Europe?
• What are the challenges to market growth?
• Who are the key vendors in the fiber laser market in Europe?
• What are the market opportunities and threats faced by the vendors in the fiber laser market in Europe?
• What are the key outcomes of the five forces analysis of the fiber laser market in Europe?

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Related reports

• Global Industrial Fiber Laser Market 2014-2018
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• Global Fiber Laser Market 2012-2016
• Global Industrial Laser Market 2015-2019