Global Fiber Laser Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR40230
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The fiber laser market value is projected to grow by $ 9.92 bn at a CAGR of 11.94% during 2021-2025.

This fiber laser market analysis report entails exhaustive statistical qualitative and quantitative data on Application (Material processing, Advanced application, Healthcare, and Others) and Geography (North America, APAC, Europe, MEA, and South America) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Fiber Laser Market Size be in 2021?

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Fiber Laser Market: Key Drivers and Trends

According to our research output, there has been a positive impact on the market growth post COVID-19 era. Key drivers such as the increasing demand for high-powered fiber lasers are notably supporting the fiber laser market growth. However, one of the foremost factors impeding market growth is dependency on limited suppliers. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic fiber laser market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the fiber laser market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Fiber Laser Market Vendors?

The fiber laser market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:

  • ABB Ltd.
  • Amonics Ltd.
  • Coherent Inc.
  • FANUC Corp.
  • IPG Photonics Corp.
  • Jenoptik AG
  • MKS Instruments Inc.
  • NKT Photonics AS
  • OMRON Corp.
  • TRUMPF GmbH + Co. KG

The fiber laser market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

For insights on complete key vendor profiles, download a free sample of the fiber laser market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Fiber Laser Market?

Fiber Laser Market Share by Geography

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36% of the market’s growth will originate from APAC during the forecast period. US, China, India, Japan, and South Korea (Republic of Korea) are the key markets for fiber laser market in APAC.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. drivers.2 will facilitate the fiber laser market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Fiber Laser Market?

Fiber Laser Market Share by Application

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The fiber laser market share growth by the __ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the fiber laser market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

Fiber Laser Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.94%

Market growth 2021-2025

$ 9.92 billion

Market structure

Fragmented

YoY growth (%)

10.38

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 36%

Key consumer countries

US, China, India, Japan, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Amonics Ltd., Coherent Inc., FANUC Corp., IPG Photonics Corp., Jenoptik AG, MKS Instruments Inc., NKT Photonics AS, OMRON Corp., and TRUMPF GmbH + Co. KG

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 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.

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What are the Key Factors Covered in this Fiber Laser Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive fiber laser market growth during the next five years
  • Precise estimation of the 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 fiber laser market across North America, APAC, Europe, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fiber laser market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The fiber laser market growth will increase by $8.33 billion during 2019-2024.
The fiber laser market is expected to grow at a CAGR of 11.20% during 2019-2024.
Technavio has segmented the fiber laser market by application (Material processing, Advanced application, Healthcare, and Others) and geographic (North America, APAC, Europe, MEA, and South America).
ABB Ltd., Amonics Ltd., Coherent Inc., FANUC Corp., IPG Photonics Corp., Jenoptik AG, MKS Instruments Inc., NKT Photonics AS, OMRON Corp., TRUMPF GmbH + Co. KG are a few of the key vendors in the fiber laser market.
APAC will register the highest growth rate of 35.77% among the other regions. Therefore, the fiber laser market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • India
  • Japan
  • South Korea (Republic of Korea)
The key factors driving the fiber laser market growth are:
  • Increasing demand for high-powered fiber lasers
  • Growth of the 3D printing market
The fiber laser market vendors should focus on grabbing business opportunities from the material processing segment as it accounted for the largest market share in the base year.
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