The medium and high capacity laser cutting machines market share is expected to increase by USD 687.1 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.56%.
This medium and high capacity laser cutting machines 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 medium and high capacity laser cutting machines market segmentations by product (fiber laser, solid state laser, CO2 laser, and others), end-user (automotive, aerospace and defense, electrical and electronics, industrial machinery, and others), and geography (APAC, Europe, North America, South America, and MEA). The medium and high capacity laser cutting machines market report also offers information on several market vendors, including Bystronic Laser AG, CINCINNATI Inc., Coherent Inc., DANOBAT GROUP S. Coop., IPG Photonics Corp., Laser Photonics, Mazak Optonics Corp., PRIMA INDUSTRIE Spa, TRUMPF GmbH + Co. KG, and Universal Laser Systems Inc. among others.
What will the Medium And High Capacity Laser Cutting Machines Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Medium and High Capacity Laser Cutting Machines Market Size for the Forecast Period and Other Important Statistics
Medium And High Capacity Laser Cutting Machines Market: Key Drivers, Trends, and Challenges
The increasing need to develop superior-quality products is notably driving the medium and high capacity laser cutting machines market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medium and high capacity laser cutting machines industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Medium And High Capacity Laser Cutting Machines Market Driver
The increasing need to develop superior-quality products is a major factor driving the global medium and high capacity laser cutting machines market share growth. The most important quality of laser cutting machines is their precision. Therefore, a laser-cut part is accurate and has smooth edges. As there is less operator involvement in laser cutting, the possibilities of human errors are also lower. Another advantage of laser cutting is the time saving involved in the process compared with conventional cutting. Enhanced precision in product manufacturing is the key factor driving many companies to increasingly adopt laser cutting machines. With the growing emphasis on the high quality of products, the use of laser cutting machines has become indispensable for many companies. Globalization has led to an extremely competitive business environment wherein even a micron-level deviation in the adherence to design specifications can lead to the need to re-machine a part, which would require additional time and cost. Therefore, the use of laser cutting machines provides enhanced dimensional accuracy to products and ensures that they meet the requirements of global markets.
Key Medium And High Capacity Laser Cutting Machines Market Trend
The growing adoption in other end-user industries is another factor supporting the global medium and high capacity laser cutting machines market share growth. Laser cutting technology has come a long way in terms of its use in the industrial sector. The novel application of laser cutting as a graphic art medium is still in its nascent stage. In the food and cosmetic sectors, laser cutting technology endows the packaging with an aesthetic appeal, which is unique and very different from that obtained using other designing and cutting techniques. These include cut openings that provide a delicate visual quality and allow customers to have a subtle peek at the product or even sample a scented product. The tactility of the cut paper also attracts customers. As packaging is a very competitive field, laser cutting provides manufacturers with a new tool to differentiate their products. The present trends in laser cutting technology, such as rising demand, higher volume capabilities, and lower equipment costs, will fuel its adoption in many finishing shops in the future. This will drive the demand for medium and high-capacity laser cutting machines, increasing market growth.
Key Medium And High Capacity Laser Cutting Machines Market Challenge
The lack of skilled operators will be a major challenge for the global medium and high capacity laser cutting machines market share growth during the forecast period. CNC-based laser cutting machines have been in use for the past four decades. Although the machine has a microprocessor-based control system incorporated into the equipment, an expert operator must be present during cutting operations; this is because this operator has various duties to perform. Therefore, it is imperative for the laser cutting machine operator to have sufficient knowledge about the operation of the complex system to ensure end-products are accurately cut and processed. Even a tiny error in operating the control system will result in an inferior product that lacks in quality and finishes, besides leading to the wastage of resources. Therefore, the market faces a challenge owing to the dearth of qualified and skilled operators who can control CNC laser cutting machines and ensure accuracy in task execution without difficulty.
This medium and high capacity laser cutting machines 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 2021-2025.
Parent Market Analysis
Technavio categorizes the global medium and high capacity laser cutting machines 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 medium and high capacity laser cutting machines market during the forecast period.
Who are the Major Medium And High Capacity Laser Cutting Machines Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Bystronic Laser AG
- CINCINNATI Inc.
- Coherent Inc.
- DANOBAT GROUP S. Coop.
- IPG Photonics Corp.
- Laser Photonics
- Mazak Optonics Corp.
- PRIMA INDUSTRIE Spa
- TRUMPF GmbH + Co. KG
- Universal Laser Systems Inc.
This statistical study of the medium and high capacity laser cutting machines market encompasses successful business strategies deployed by the key vendors. The medium and high capacity laser cutting machines market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Bystronic Laser AG - The company offers laser cutting machines such as ByStar Fiber 3015, BySprint Fiber 12020, and BySmart Fiber 4020 among others.
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 medium and high capacity laser cutting machines 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.
Medium And High Capacity Laser Cutting Machines Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the medium and high capacity laser cutting machines 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.
The value chain of global industrial machinery market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Medium And High Capacity Laser Cutting Machines Market?
For more insights on the market share of various regions Request for a FREE sample now!
60% of the market’s growth will originate from APAC during the forecast period. China, Japan and South Korea (Republic of Korea) are the key markets for medium and high capacity laser cutting machines market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.
The rapid industrial and economic development in the region, many domestic and international companies in the automotive, aerospace and defense, electrical equipment, industrial machinery, and other sectors will facilitate the medium and high capacity laser cutting machines 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.
What are the Revenue-generating Product Segments in the Medium And High Capacity Laser Cutting Machines Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The medium and high capacity laser cutting machines market share growth by the fiber laser segment will be significant during the forecast period. The fiber laser segment is expected to witness stable growth, mainly led by the growing demand from end-user industries, such as automotive, aviation, electrical and electronics, and aerospace and defense.
This report provides an accurate prediction of the contribution of all the segments to the growth of the medium and high capacity laser cutting machines market size and actionable market insights on post COVID-19 impact on each segment.
|
Medium And High Capacity Laser Cutting Machines Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 3.56% |
|
Market growth 2021-2025 |
$ 687.1 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
2.70 |
|
Regional analysis |
APAC, Europe, North America, South America, and MEA |
|
Performing market contribution |
APAC at 60% |
|
Key consumer countries |
China, Japan, Germany, US, and South Korea (Republic of Korea) |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Bystronic Laser AG, CINCINNATI Inc., Coherent Inc., DANOBAT GROUP S. Coop., IPG Photonics Corp., Laser Photonics, Mazak Optonics Corp., PRIMA INDUSTRIE Spa, TRUMPF GmbH + Co. KG, and Universal Laser Systems Inc. |
|
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. |
What are the Key Data Covered in this Medium And High Capacity Laser Cutting Machines Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive medium and high capacity laser cutting machines market growth during the next five years
- Precise estimation of the medium and high capacity laser cutting machines market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the medium and high capacity laser cutting machines industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of medium and high capacity laser cutting machines market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch