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Laser Cutting Machine Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 165
  • SKU: IRTNTR45070
Technavio

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The laser cutting machine market share is expected to increase to USD 1.25 billion from 2021 to 2026, at a CAGR of 4.91%.

This laser cutting machine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers laser cutting machine market segmentation by end-user (automotive, aerospace and defense, electrical and electronics, industrial machinery, and others), product (fiber, solid-state, diode, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The laser cutting machine market report also offers information on several market vendors, including ALPHA LASER GmbH, AMADA Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Chutian Laser, Coherent Inc., El.En. Spa, Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Bond Laser Co., Koike Aronson Inc., LZK CNC Machine Tool Anhui Manufacturing Co. Ltd., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., PRIMA INDUSTRIE Spa, Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF GmbH Co. KG, Universal Laser Systems Inc., and Yamazaki Mazak Corp. among others.

What will the Laser Cutting Machine Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Laser Cutting Machine Market Size for the Forecast Period and Other Important Statistics

 

Laser Cutting Machine Market: Key Drivers, Trends, and Challenges

The increasing focus on automating the metal cutting process is notably driving the laser cutting machine market growth, although factors such as the availability of alternate machine tools for metal cutting applications may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laser cutting machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Laser Cutting Machine Market Driver

  • The increasing focus on automating the metal cutting process is one of the key drivers fueling the laser cutting machine market growth.
  • Robots are used to enhance the laser cutting process. The application of robotics in the metalworking industry ranges from applications such as cutting, cleaning of various materials, marking, and drilling.
  • An automated system enables the operation to be performed without the guidance of an operator and takes much less time compared with a manual cutter, besides the minimization of raw material wastage. 
  • The critical processes that require an expert operator are controlled and managed by computer numeric control (CNC) controls, eliminating possible errors and improving the overall consistency and efficiency.
  • Advanced versions of CAM software can detect complex profiles of parts and materials to be cut and insert the required machine codes automatically. This helps modify the lead-out, lead-in, cutting speed, and gas mixture to increase the cut quality.
  • The flexibility in the usage of automated solutions and the standardization of laser cutting machines have increased the demand for automated laser cutting machines among end-user industries. This, in turn, will drive the market growth during the forecast period.

Key Laser Cutting Machine Market Trend

  • Rising digitalization in manufacturing processes is one of the key laser cutting machine market trends propelling the market growth.
  • Digitalization enables real-time connectivity with the user, eliminates waste during manufacturing operation by optimization, enhances flexibility, increases ROI, and reduces time-to-market as well as inventories.
  • The major challenge faced by industrial operators is the high maintenance requirement of laser cutting machines. Therefore, vendors are focusing on using automation and connecting laser cutting machines to a communication network, and providing complete integration across the production line using IoT.
  • The complete integration of monitoring systems with laser cutting machines will ensure high-cost savings and improve the efficiency of the overall cutting process. Moreover, blockchain has enhanced the overall process of monitoring the manufacturing process and thereby propelling the market growth.

Key Laser Cutting Machine Market Challenge

  • The availability of alternate machine tools for metal cutting applications is one of the key factors challenging the laser cutting machine market growth.
  • The use of waterjet cutting machines to cut a wide range of materials and produce high-quality cuts makes it the preferred profiling method in end-user industries. 
  • The heat cutting process uses laser or plasma cutting machines for cutting metal parts. However, the excessive heat generated during the cutting process in laser and plasma cutting machines limits their application for materials that are reflective, conductive, heat-resistant, or heat-sensitive.
  • Waterjet cutting is a cold cutting process that applies a mixture of water and an abrasive to cut materials with high precision.
  • Waterjet cutting does not create a burr or heat-affected zone (HAZ) like the laser and plasma cutting machine, thereby saving expenses for secondary operations such as polishing and restoration. Such factors will challenge the laser cutting machine market growth during the forecast period.

This laser cutting machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global laser cutting machine market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laser cutting machine market during the forecast period.

Who are the Major Laser Cutting Machine Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ALPHA LASER GmbH
  • AMADA Co. Ltd.
  • Bystronic Laser AG
  • Cangzhou Lead Laser Technology Co. Ltd.
  • Chutian Laser
  • Coherent Inc.
  • El.En. Spa
  • Hans Laser Technology Industry Group Co. Ltd.
  • HGLaser Engineering Co. Ltd.
  • IPG Photonics Corp.
  • Jenoptik AG
  • Jinan Bond Laser Co.
  • Koike Aronson Inc.
  • LZK CNC Machine Tool Anhui Manufacturing Co. Ltd.
  • Manz AG
  • Messer Cutting Systems GmbH
  • Mitsubishi Electric Corp.
  • MKS Instruments Inc.
  • PRIMA INDUSTRIE Spa
  • Salvagnini Italia Spa
  • Shenzhen Hymson Laser Intelligent Equipments Co. Ltd.
  • Trotec Laser GmbH
  • TRUMPF GmbH Co. KG
  • Universal Laser Systems Inc.
  • Yamazaki Mazak Corp.

 

This statistical study of the laser cutting machine market encompasses successful business strategies deployed by the key vendors. The laser cutting machine market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.

Product Insights and News

  • ALPHA LASER GmbH - Under the unified segment, the company offers products such as welding laser, laser hardening, cutting laser, hand welding laser, 3D printer, and more. 
  • ALPHA LASER GmbH - The company offers laser cutting machines such as AC 300 F and AC 450 F. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The laser cutting machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Laser Cutting Machine Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the laser cutting machine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Laser Cutting Machine Market?

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58% of the market’s growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for the laser cutting machine market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of skilled labor will facilitate the laser cutting machine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the outbreak of COVID-19 negatively impacted the regional laser cutting machine market. However, in 2021, the availability of COVID-19 vaccines and the initiation of large-scale vaccination drives carried out by the governments of countries in APAC led to the lifting of lockdowns in the region. This has resulted in the resumption of activities in end-user industries, which has increased the demand for laser cutting machines in the region. Such factors will drive the growth of the regional market during the forecast period.

What are the Revenue-generating End-user Segments in the Laser Cutting Machine Market?

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The laser cutting machine market share growth by the automotive segment will be significant during the forecast period. The automotive industry is the primary user of laser cutting machines, which are used to cut metal parts deployed in almost every system of automotive vehicles, ranging from fuel delivery systems to airbag components. Technological advances, fueled by the implementation of stringent emission norms and the increasing demand for fuel efficiency, have boosted the demand for lightweight metal parts, such as aluminum and titanium, in passenger vehicles. Laser cutting machines are more efficient in cutting these lightweight metal parts than plasma metal cutting machines. Such factors will drive the market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the laser cutting machine market size and actionable market insights on post COVID-19 impact on each segment.

 

Laser Cutting Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.91%

Market growth 2022-2026

$ 1.25 billion

Market structure

Fragmented

YoY growth (%)

5.52

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 58%

Key consumer countries

US, China, South Korea, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ALPHA LASER GmbH, AMADA Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Chutian Laser, Coherent Inc., El.En. Spa, Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Bond Laser Co., Koike Aronson Inc., LZK CNC Machine Tool Anhui Manufacturing Co. Ltd., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., PRIMA INDUSTRIE Spa, Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF GmbH Co. KG, Universal Laser Systems Inc., and Yamazaki Mazak Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis 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 Data Covered in this Laser Cutting Machine Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive laser cutting machine market growth during the next five years
  • Precise estimation of the laser cutting machine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laser cutting machine industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of laser cutting machine market vendors

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

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 Automotive - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.4 Aerospace and defense - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Aerospace and defense - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Aerospace and defense - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Aerospace and defense - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Aerospace and defense - Year-over-year growth 2021-2026 (%)
    • 5.5 Electrical and electronics - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Electrical and electronics - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Electrical and electronics - Year-over-year growth 2021-2026 (%)
    • 5.6 Industrial machinery - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Industrial machinery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Data Table on Industrial machinery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Chart on Industrial machinery - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Industrial machinery - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 49: Market opportunity by End-user ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 50: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 51: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 52: Chart on Comparison by Product
      • Exhibit 53: Data Table on Comparison by Product
    • 6.3 Fiber - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Fiber - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Fiber - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Fiber - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Fiber - Year-over-year growth 2021-2026 (%)
    • 6.4 Solid-state - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Solid-state - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Solid-state - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Solid-state - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Solid-state - Year-over-year growth 2021-2026 (%)
    • 6.5 Diode - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Diode - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Diode - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Diode - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Diode - Year-over-year growth 2021-2026 (%)
    • 6.6 Others - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 70: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 72: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 73: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 74: Chart on Geographic comparison
      • Exhibit 75: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 76: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 North America - Market size and forecast 2021-2026
      • Exhibit 84: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 88: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 China - Market size and forecast 2021-2026
      • Exhibit 96: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.9 US - Market size and forecast 2021-2026
      • Exhibit 100: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.10 South Korea - Market size and forecast 2021-2026
      • Exhibit 104: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 105: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 106: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 107: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 8.11 Germany - Market size and forecast 2021-2026
      • Exhibit 108: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 109: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 110: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 111: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.12 Japan - Market size and forecast 2021-2026
      • Exhibit 112: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 113: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 114: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 115: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 116: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 11.3 ALPHA LASER GmbH
              • Exhibit 123: ALPHA LASER GmbH - Overview
              • Exhibit 124: ALPHA LASER GmbH - Product / Service
              • Exhibit 125: ALPHA LASER GmbH - Key offerings
            • 11.4 AMADA Co. Ltd.
              • Exhibit 126: AMADA Co. Ltd. - Overview
              • Exhibit 127: AMADA Co. Ltd. - Business segments
              • Exhibit 128: AMADA Co. Ltd. - Key news
              • Exhibit 129: AMADA Co. Ltd. - Key offerings
              • Exhibit 130: AMADA Co. Ltd. - Segment focus
            • 11.5 Bystronic Laser AG
              • Exhibit 131: Bystronic Laser AG - Overview
              • Exhibit 132: Bystronic Laser AG - Product / Service
              • Exhibit 133: Bystronic Laser AG - Key offerings
            • 11.6 Coherent Inc.
              • Exhibit 134: Coherent Inc. - Overview
              • Exhibit 135: Coherent Inc. - Business segments
              • Exhibit 136: Coherent Inc. - Key news
              • Exhibit 137: Coherent Inc. - Key offerings
              • Exhibit 138: Coherent Inc. - Segment focus
            • 11.7 El.En. Spa
              • Exhibit 139: El.En. Spa - Overview
              • Exhibit 140: El.En. Spa - Business segments
              • Exhibit 141: El.En. Spa - Key offerings
              • Exhibit 142: El.En. Spa - Segment focus
            • 11.8 Hans Laser Technology Industry Group Co. Ltd.
              • Exhibit 143: Hans Laser Technology Industry Group Co. Ltd. - Overview
              • Exhibit 144: Hans Laser Technology Industry Group Co. Ltd. - Product / Service
              • Exhibit 145: Hans Laser Technology Industry Group Co. Ltd. - Key news
              • Exhibit 146: Hans Laser Technology Industry Group Co. Ltd. - Key offerings
            • 11.9 IPG Photonics Corp.
              • Exhibit 147: IPG Photonics Corp. - Overview
              • Exhibit 148: IPG Photonics Corp. - Product / Service
              • Exhibit 149: IPG Photonics Corp. - Key offerings
            • 11.10 Koike Aronson Inc.
              • Exhibit 150: Koike Aronson Inc. - Overview
              • Exhibit 151: Koike Aronson Inc. - Product / Service
              • Exhibit 152: Koike Aronson Inc. - Key offerings
            • 11.11 Manz AG
              • Exhibit 153: Manz AG - Overview
              • Exhibit 154: Manz AG - Business segments
              • Exhibit 155: Manz AG - Key offerings
              • Exhibit 156: Manz AG - Segment focus
            • 11.12 TRUMPF GmbH Co. KG
              • Exhibit 157: TRUMPF GmbH Co. KG - Overview
              • Exhibit 158: TRUMPF GmbH Co. KG - Business segments
              • Exhibit 159: TRUMPF GmbH Co. KG - Key offerings
              • Exhibit 160: TRUMPF GmbH Co. KG - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 161: Inclusions checklist
                • Exhibit 162: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 163: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 164: Research methodology
                • Exhibit 165: Validation techniques employed for market sizing
                • Exhibit 166: Information sources
              • 12.5 List of abbreviations
                • Exhibit 167: List of abbreviations

              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
              Technavio

              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
              Technavio

              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 laser cutting machine market market growth will increase by $$ 1.25 bn during 2023-2026.
              The laser cutting machine market market is expected to grow at a CAGR of 4.91% during 2023-2026.
              Technavio has segmented the laser cutting machine market market by end-user (Automotive, Aerospace and defense, Electrical and electronics, Industrial machinery, and Others) ,product (Fiber, Solid-state, Diode, Others, and Others) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              ALPHA LASER GmbH, AMADA Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Chutian Laser, Coherent Inc., El.En. Spa, Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Bond Laser Co., Koike Aronson Inc., LZK CNC Machine Tool Anhui Manufacturing Co. Ltd., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., PRIMA INDUSTRIE Spa, Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF GmbH Co. KG, Universal Laser Systems Inc., Yamazaki Mazak Corp. are a few of the key vendors in the laser cutting machine market market.
              APAC will register the highest growth rate of 58% among the other regions. Therefore, the laser cutting machine market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the laser cutting machine market market growth are:
              • Increasing focus on automating the metal cutting process
              • Rising digitalization in manufacturing processes
              The laser cutting machine market market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
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