Overview of the global low power laser cutting machine market
Research analysis on the global low power laser cutting machine market identifies that the rising the demand to develop superior-quality products will be one of the major factors that will have a positive impact on the growth of the market. Laser cutting is an improved technique used to produce parts at record speeds in industrial manufacturing processes while simultaneously saving on costs. The enhanced precision in product manufacturing is the key factor driving many companies to increasingly adopt laser cutting machines. The growing emphasis on the high quality of products by customers has led to the increasing use of laser cutting machines for companies. Moreover, globalization has led to an extremely competitive business environment wherein even a micron-level deviation in adherence to design specifications can lead to the need to re-machine a part and with high requirement of additional time and cost. To counter this, the use of laser cutting machines is used since they offer enhanced dimensional accuracy to products and ensure that they meet the requirements of global markets. Technavio's market research analysts predict that this market will grow at a CAGR of nearly 5% by 2021.
In terms of geographic regions, APAC will be the major revenue contributor to the low power laser cutting machine market throughout the forecast period. The presence of many dominant manufacturers in the mobile and consumer electronics market and the high demand for PCBs in the region will propel the growth of the market. Additionally, the high demand for the mobile and consumer electronics in regional markets such as India, China, Malaysia, Taiwan, Japan, and Singapore is also supporting the growth of the low power laser cutting machine market in APAC.
Competitive landscape and key vendors
The low power laser cutting machine market presents a competitive landscape for all players operating within the market. Vendors operating in the market experience maximum demand from consumer electronics and medical industries. These industries are expected to drive the demand for low power laser cutting machines during the forecast period. The growth of the low power laser cutting machine market is completely reliant on the demand from customers. To attain a sustainable competitive advantage, manufacturers need to cater to the needs of end-users, such as the consumer electronics and medical industries.
The leading vendors in the market are -
Full Spectrum Laser
Han's Laser Technology Industry Group
The other prominent vendors in the market are ALPHA LASER, AMADA AMERICA, BLM GROUP, BODOR, CINCINNATI, Cutlite Penta, CY Laser, DANOBATGROUP, eurolaser, GCC, HELEUROPE, HSG LASER, Hypertherm, Jenoptik, Kern Laser Systems, Laser Photonics, MultiCam, Perez Camps, Trotec Laser, Universal Laser Systems, Vytek Laser Systems, Wuhan Golden Laser, and Xenetech.
Segmentation by product and analysis of the low power laser cutting machine market
During 2016, the fiber laser cutting machine segment accounted for the major shares of the low power laser cutting machine market. Benefits such as the efficient light creation when compared to a CO? laser, longer servicing intervals and lower maintenance costs will contribute to the growth of this industry segment in the coming years.
Segmentation by end-user and analysis of the low power laser cutting machine market
According to this market research report, the semiconductors segment will hold the maximum share of the low power laser cutting machine market until 2021. The growth in sectors involved in manufacturing technological devices and microprocessors has significantly boosts the market's growth in this end-user segment.
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 low power laser cutting machine market?
What are the key market trends impacting the growth of the global low power laser cutting machine market?
What are the challenges to market growth?
Who are the key vendors in the global low power laser cutting machine market?
What are the market opportunities and threats faced by the vendors in the global low power 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 low power laser cutting machine market?
Technavio also offers customization on reports based on specific client requirement.
This impending industry research report on the global low power laser cutting machine market offers insights into the key trends and emerging drivers influencing the growth of the heavy industry. Our market research reports for the heavy industry also follow an extensive data collection methodology and offer an analysis of fast growing market segments like engineering tools.
By considering the market forecast and size, surging demand for various engineering tools, the market research experts at Technavio offer an all-inclusive picture of low power laser cutting machine market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients develop effective growth strategies and keep pace with the continually changing market landscape. This market study also offers an intricate analysis of various services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the low power laser cutting machine market also covers vendors like TRUMPF, IPG Photonics, Mazak Optonics, Bystronic, and Coherent.
This upcoming industry report on the low power laser cutting machine market also considers the growth of the related engineering tools market such as the laser cladding equipment market, which is expected to project an impressive CAGR of more than 8% during the forecasted period. According to our market analysts, the high adoption of laser cutting machines across industries is expected to impact the global demand during the next few years.
The upcoming industry research report for low power laser cutting machine market also categorizes the key drivers, major trends, as well as the imminent challenges that the engineering tools sector are currently experiencing. It also presents insights into the extremely dynamic competitive scenario to give clients a complete view of the forthcoming events within the heavy industry. Technavio also provides deep-dive market assessments into the sectors such as test and measurement and tools and components.
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