Global Laser Cutting Machine Market Projected To Grow And Reach Over $6.68 Billion By 2026 - ZMR

Global Laser Cutting Machine market, which is likely to amass revenue worth nearly 6.68 (USD Billion) by 2026, will register a CAGR of nearly 9.6% during the period from 2020 to 2026.

As per analysts at Zion Market Research, the global laser cutting machines market is anticipated to attain $6.68 billion by 2026, augmenting at a CAGR of about 9.6% during the forecasted period 2020 to 2026. The laser cutting machines comprise of casting a laser beam on the workpiece, softening it and consequently evaporating the targeted region by utilizing sufficient heat by the laser. With the surge in implementation of laser processing systems in the microelectronics, machine tools, automotive and medical sectors, solid, liquid, & gas lasers are anticipated to play a major role in boosting the expansion of the laser processing market in the coming years. The increase in sales & production in the particular markets of consumer electronics, automotive, and defense advance the demand of these machines to be set up for manufacturing. The decline in the life span of products also contributes to the sales augmentation phenomena.

Some of the key players in the market are Trumpf GMBH + Co. KG, ALPHA Laser GmbH, Jenoptik Laser GmbH, Coherent Incorporation, Bystronic Incorporated, IPG Photonics Corporation, Epilog Laser Inc., and Amada Miyachi Company, Ltd.
Rise In Industrialization To Boost The Global Laser Cutting Machine Market

A chief growth driver of the market is anticipated to be the brisk industrialization and surging demand for laser cutting machines from emerging economies like China, India, South Korea, Brazil, and South Africa, which will further boost the demand for laser cutting machines during the forecasted period. The requirement for laser cutting machines is increasing rapidly owing to the augmenting end-use applications, in which various types of laser cutting courses can be utilized. The stable development of automobile industry is one of the primary aspects which are impelling the global laser cutting machine market. The production capabilities of automobiles had witnessed a considerable boost in the last decade across Asian countries like India and China.

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The global laser cutting machine market is bifurcated based on laser types, applications, process, and regional analysis. Based on the laser types, the market is divided into solid-state lasers, CO2 lasers, and others (disc lasers & fiber lasers). Based on the application, the market is divided into consumer electronics & appliances, automotive & transportation, aerospace, and other manufacturing. Based on the process, the market is divided into fusion cutting, flame cutting, and sublimation cutting.

The North America Region Will Witness A Massive Growth In The Global Laser Cutting Machine Market

Based on geographical analysis, the global laser cutting machine market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The North America region has contributed to the major market share during 2016 followed by Europe and the Asia Pacific. The rising demand for automobiles is impelling the development of the market across the North America region. The U.S. is the major contributor globally in addition to the North American market. The robust expansion across the industrial sectors in the U.S. is expected to boost the demand for the market in the region. In addition, the consumer inclination for better-advanced vehicles and different metal cutting machines also has a constructive influence on the expansion of the market.

The global laser cutting machine market is segmented as follows:

By laser types:

Solid-state lasers
CO2 lasers
Others (disc lasers and fiber lasers)

By application:

Consumer Electronics & Appliances
Automotive & Transportation
Aerospace
Other Manufacturing

By process:

Sublimation cutting
Flame cutting
Fusion cutting

By region:

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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