Robotic Laser Cutting Market by End-user and Geography - Forecast and Analysis 2022-2026
| Published: Mar 2022 | Pages: 120 | SKU: IRTNTR40775 |
The robotic laser cutting market share is expected to increase by USD 127.47 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.61%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive Industry, metal Industry, aerospace Industry, and others) and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
The robotic laser cutting market report also offers information on several market vendors, including ABB Ltd., AMADA Co. Ltd., Coherent Inc., DAIHEN Corp., FANUC Corp., Hans Laser Technology Industry Group Co. Ltd., Jenoptik AG, Jinan Style Machinery Co. Ltd., Kawasaki Heavy Industries Ltd., Laser Photonics, MIDEA Group Co. Ltd., Midwest Engineered Systems Inc., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., Shenzhen Yuejiang Technology Co. Ltd, Staubli International AG, TRUMPF GmbH Co. KG, Universal Robots AS, Vector Automation Technologies Inc., and Yaskawa Electric Corp. among others.
ABB Ltd. - The company is publicly held and headquartered in Switzerland. It is a global company generating USD 26,134 million in revenues and has around 110,000 employees. Its revenue from the global market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. The company offers laser cutting which is a non-contact process, that uses a laser beam to cut ferrous materials.
What will the Robotic Laser Cutting Market Size be During the Forecast Period?
Get the Machine Tool Market Size Forecast by Download Report Sample
Parent Market Analysis
Technavio categorizes the global market as a part of the global industrial machinery market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the robotic laser cutting market during the forecast period.
Robotic Laser Cutting Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The increased productivity with improved laser technology is notably driving the market growth, although factors such as lower least count of the accuracy of robotic laser cutting may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
The increased productivity with improved laser technology is one of the key drivers supporting the market growth. The switch from traditional laser technology to fibre-based cutting in order to improve cut resolution, cutting speed, control of laser pulse, and the life of the equipment has further increased the capability of laser cutting. Meanwhile, green laser is one of the technologies used to improve the parameters mentioned above. It provides the advantage of absorbing over a 1-micrometre wavelength and can be used with pulsed YAG (yttrium aluminium garnet) or fibre. Furthermore, laser automation adds extra flexibility and capacity, and the nozzle technology leads to energy efficiency. Such advantages are driving the market growth.
Key Market Trend
IoT and Industry 4.0 are other factors supporting the market growth. The interoperability and data readability issues have found better solutions with the advent of IoT. The IoT and Industry 4.0 technologies have revolutionized the world of robotics by streamlining the working of robots with smart factories. Networks of robots can connect to the cloud and provide insightful data. As per industry 4.0, in 2019, Mehta Cad Cam launched a smart fibre laser cutting machine, which is equipped with IoT. The company has equipped IoT sensors in the cutting machine, which will provide live data of the internal parts by smart controllers and will be sent to the service department with the help of cloud service. Thus, the growth of the manufacturing industry in India and other Asian countries will increase the demand for high-precision products, and this will eventually drive the growth of the laser-cutting market.
Key Market Challenge
The lower least count of the accuracy of robotic laser cutting is one of the factors hindering the market growth. Historically, there was an average positioning error of +-5 mm at the EOAT. However, with advances in control modules and software to compensate for the error, accuracy has vastly improved, with a least count of +- 0.05 mm. This has improved the preciseness and effectiveness of robots in cutting applications in industries. However, the accuracy, compared with the least count of +-0.01mm in five-axis laser cutting machines, is a hindrance to the adoption of robotic laser cutting. Although it is anticipated that the required precision in the robotic arm will be attained during the forecast period with advanced controls, it is a major challenge for the global market at present.
This 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.
Robotic Laser Cutting Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the robotic laser cutting market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Robotic Laser Cutting Market?
Get a glance at the market share of various regions Request PDF sample now!
69% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for robotic laser cutting in APAC. Market growth in this region will be faster than the market growth in other regions.
The growth in international tourism will facilitate the 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
The outbreak of COVID-19 in 2020 had a negative impact on the regional market. However, in 2021, due to the availability of COVID-19 vaccines and the large-scale vaccination drives carried out by the governments of countries in APAC, activities in end-user industries gradually became normal. Therefore, the demand for robotic laser cutting systems increased, which will lead to regional market growth during the forecast period.
What are the Revenue-generating End-user Segments in the Robotic Laser Cutting Market?
To gain insights on the market contribution of various segments Request PDF sample
The market share growth by the automotive industry segment will be significant during the forecast period. Robotic laser cutting is used to cut complex vehicle body components in the automotive industry. The conventional method of cutting these parts is to mark the part to be cut and then use a plasma cutter manually for the cutting operation. However, the high speed and flexibility of robotic laser cutting enable automotive manufacturers to mass-produce such parts at a fraction of the cost and time. Moreover, the automotive industry is facing huge demand for lighter, smaller, and better fuel mileage vehicles, which can be fulfilled with ultra-high tensile steel instead of conventional steel. Such increasing demand is anticipated to the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post-COVID-19 impact on each segment.
|
Robotic Laser Cutting Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 14.61% |
|
Market growth 2022-2026 |
USD 127.47 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
14.07 |
|
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 69% |
|
Key consumer countries |
US, China, Japan, South Korea, and Germany |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
ABB Ltd., AMADA Co. Ltd., Coherent Inc., DAIHEN Corp., FANUC Corp., Hans Laser Technology Industry Group Co. Ltd., Jenoptik AG, Jinan Style Machinery Co. Ltd., Kawasaki Heavy Industries Ltd., Laser Photonics, MIDEA Group Co. Ltd., Midwest Engineered Systems Inc., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., Shenzhen Yuejiang Technology Co. Ltd, Staubli International AG, TRUMPF GmbH Co. KG, Universal Robots AS, Vector Automation Technologies Inc., and Yaskawa Electric 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 the 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 Robotic Laser Cutting Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the robotic laser cutting 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 market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
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 Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Automotive Industry - Market size and forecast 2021-2026
- Exhibit 28: Chart on Automotive Industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Automotive Industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Automotive Industry - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Automotive Industry - Year-over-year growth 2021-2026 (%)
- 5.4 Metal Industry - Market size and forecast 2021-2026
- Exhibit 32: Chart on Metal Industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Metal Industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Metal Industry - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Metal Industry - Year-over-year growth 2021-2026 (%)
- 5.5 Aerospace Industry - Market size and forecast 2021-2026
- Exhibit 36: Chart on Aerospace Industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Aerospace Industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Aerospace Industry - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Aerospace Industry - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by End-user
- Exhibit 44: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.10 US - Market size and forecast 2021-2026
- Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.11 South Korea - Market size and forecast 2021-2026
- Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 ABB Ltd.
- Exhibit 97: ABB Ltd. - Overview
- Exhibit 98: ABB Ltd. - Business segments
- Exhibit 99: ABB Ltd. - Key news
- Exhibit 100: ABB Ltd. - Key offerings
- Exhibit 101: ABB Ltd. - Segment focus
- 10.4 DAIHEN Corp.
- Exhibit 102: DAIHEN Corp. - Overview
- Exhibit 103: DAIHEN Corp. - Business segments
- Exhibit 104: DAIHEN Corp. - Key offerings
- Exhibit 105: DAIHEN Corp. - Segment focus
- 10.5 FANUC Corp.
- Exhibit 106: FANUC Corp. - Overview
- Exhibit 107: FANUC Corp. - Business segments
- Exhibit 108: FANUC Corp. - Key offerings
- Exhibit 109: FANUC Corp. - Segment focus
- 10.6 Jenoptik AG
- Exhibit 110: Jenoptik AG - Overview
- Exhibit 111: Jenoptik AG - Business segments
- Exhibit 112: Jenoptik AG - Key news
- Exhibit 113: Jenoptik AG - Key offerings
- Exhibit 114: Jenoptik AG - Segment focus
- 10.7 Kawasaki Heavy Industries Ltd.
- Exhibit 115: Kawasaki Heavy Industries Ltd. - Overview
- Exhibit 116: Kawasaki Heavy Industries Ltd. - Business segments
- Exhibit 117: Kawasaki Heavy Industries Ltd. - Key news
- Exhibit 118: Kawasaki Heavy Industries Ltd. - Key offerings
- Exhibit 119: Kawasaki Heavy Industries Ltd. - Segment focus
- 10.8 Laser Photonics
- Exhibit 120: Laser Photonics - Overview
- Exhibit 121: Laser Photonics - Product / Service
- Exhibit 122: Laser Photonics - Key offerings
- 10.9 NACHI FUJIKOSHI Corp.
- Exhibit 123: NACHI FUJIKOSHI Corp. - Overview
- Exhibit 124: NACHI FUJIKOSHI Corp. - Business segments
- Exhibit 125: NACHI FUJIKOSHI Corp. - Key offerings
- Exhibit 126: NACHI FUJIKOSHI Corp. - Segment focus
- 10.10 Shenzhen Yuejiang Technology Co. Ltd
- Exhibit 127: Shenzhen Yuejiang Technology Co. Ltd - Overview
- Exhibit 128: Shenzhen Yuejiang Technology Co. Ltd - Product / Service
- Exhibit 129: Shenzhen Yuejiang Technology Co. Ltd - Key offerings
- 10.11 Staubli International AG
- Exhibit 130: Staubli International AG - Overview
- Exhibit 131: Staubli International AG - Product / Service
- Exhibit 132: Staubli International AG - Key offerings
- 10.12 Yaskawa Electric Corp.
- Exhibit 133: Yaskawa Electric Corp. - Overview
- Exhibit 134: Yaskawa Electric Corp. - Business segments
- Exhibit 135: Yaskawa Electric Corp. - Key offerings
- Exhibit 136: Yaskawa Electric Corp. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 137: Inclusions checklist
- Exhibit 138: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 139: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 140: Research methodology
- Exhibit 141: Validation techniques employed for market sizing
- Exhibit 142: Information sources
- 11.5 List of abbreviations
- Exhibit 143: 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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
robotic laser cutting market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
- Off-the-shelf research reports
- Reports can be tailored to meet the customer's needs
- Trusted by more than 100 fortune 500 organizations
- Information about the market's key drivers, trends, and challenges
- Parent market analysis
- Every week, 50,000 people visit our subscription platform
- Detailed vendors report with competitive landscape
- Covid-19 impact and recovery analysis
- Data on revenue-generating market segments
- Details on the market shares of various regions
- Five-force market analysis