Global 3D Laser Cutting Machine Market 2017-2021

Overview of the global 3D laser cutting machine market

Research analysis on the global 3D laser cutting machine market identifies that the need to lower the factory-to-market time will be one of the major factors that will have a positive impact on the growth of the market. Increased lead times and high labor costs hold a major portion of the total cost for companies. To counter these issues, the utilization of 3D laser cutting machines in industries will improve their profitability and turnover. These machines will significantly reduce the operation time for numerous industries that depend on conventional technologies or manual workpiece processing. 3D laser cutting machines can cut different materials of various compositions and shapes with increased precision and efficiency levels. This lowers the number of defective products in industries. The increasing requirement from industries in many developing and developed countries to keep up their competitive advantage through quicker product deliveries and adoption of new technology is likely to boost the demand for 3D laser cutting machines during the forecast period. Technavio's market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The rising utilization of fiber lasers in thin-sheet and micro-cutting applications is one of the key trends that will contribute to the growth of this market in the future. The fiber lasers are widely used due to its benefits in comparison to gas or other solid-state lasers. These lasers provide long operating hours at increased cutting speeds due to their effective cooling components leading to high productivity and lower downtime. Also, the fiber laser consists of high flexibility leading to more compact cutting in industries and needs lower maintenance due to non-availability of moving parts. Benfits of fiber lasers with high-resolution cutting property is propelling their application in micro-cutting applications in electronics and medical device components.

Competitive landscape and key vendors  

The 3D laser cutting machine market consists of key global vendors holding a major share. The advancements in the large manufacturing sectors across many countries has resulted in the adoption of automated laser cutting technology to keep up their competitive leverage in the market. The competition in 3D laser cutting machines market is significantly concentrated towards product innovation and R&D activities.

The leading vendors in the market are ?

• Coherent
• IPG Photonics
• Jenoptik
• Mazak Optonics
• Prima Industrie
• TRUMPF

The other prominent vendors in the market are BLM GROUP, BODOR, DMG MORI, Foshan Beyond Laser, PENTA LASER Technology Industry Group, Han's Laser Technology Industry Group, Komatsu Industries, Mitsubishi Electric, and Wuhan Farley Laserlab Cutting Welding System Engineering.

Segmentation by technology and analysis of the 3D laser cutting machine market

• Fiber laser cutting machines
• CO2 laser cutting machines
• Solid-state laser cutting machines

During 2016, the fiber laser cutting machines segment accounted for the major shares of the 3D laser cutting machine market. Factors such as the increased usage of the fiber laser cutting machines from low-power to high-power cutting operations and availability of higher energy efficiency will contribute to the growth of the fiber laser cutting machines market in the coming years.

Geographical segmentation and analysis of the 3D laser cutting machine market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the 3D laser cutting machine market throughout the forecast period. The industrial growth and rise in the number of industries switching to innovative technologies will boost the need for 3D laser cutting machines in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global 3D laser cutting machine market?
• What are the key market trends impacting the growth of the global 3D laser cutting machine market?
• What are the challenges to market growth?
• Who are the key vendors in the global 3D laser cutting machine market?
• What are the market opportunities and threats faced by the vendors in the global 3D laser cutting machine market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global 3D laser cutting machine market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global 3D laser cutting machine market offers insights into the rising trends and forthcoming drivers influencing the growth of the heavy industry. Our reports for the heavy industry also follow a detailed data collection methodology and offer an extensive analysis of the highly volatile market segments like engineering tools. 

Moreover, to achieve higher accuracy, our industry experts implement an extensive research approach of primary and secondary data collection methods and assess the changing demand-supply landscape of the engineering tools sector. Few of the key approaches involved in the in this methodology are detailed vendor briefing, online surveys, and consultation of industry journals and publications. Also, by considering the market forecast and size, surging demand for various segments of the engineering tools sector, the market research professionals at Technavio present an all-inclusive picture of the 3D laser cutting machine market from 2017 to 2021.  

This forthcoming market research report on the 3D laser cutting machine market also covers vendors like Bystronic Laser, Mitsubishi Electric, TRUMPF, Mazak Optonics and HSG Laser. According to our industry experts, the growing trend of reducing factory to market time for manufactured products and need for increased efficiency is expected to fuel the growth of this market during the next few years. Furthermore, to present clients with the possibility to explore multiple market segments and expand in niche markets, this report on the 3D laser cutting machine market also covers geographies like the Americas, APAC, and EMEA. 

The upcoming industry research report for 3D laser cutting machine market also categorizes the influencing drivers, trends, and challenges that the engineering tools sector currently experiences. This upcoming report on the 3D laser cutting machine market presents insights into the rapidly changing competitive landscape to give clients a complete overview of the forthcoming events within the heavy industry. Technavio also offers in-depth market assessments into the sectors such as unit operations and construction.  

Our market research methodology for the 3D laser cutting machine market

Technavio also offers clients the possibility to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.