The Laser Cutting Machine Global Market Report 2023 by The Business Research Company, provides laser cutting machine market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Laser Cutting Machine Global Market Report 2023, the market size grew from $4.56 billion in 2022 to $5.03 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global laser cutting machine is expected to grow to $7.3 billion in 2027 at a CAGR of 9.8%.
The increasing demand for automobiles is expected to drive the laser cutting machine market. The demand for automobiles is increasing due to growing need for transportation, increasing income levels, rapid urbanization, and others. This increasing demand for automobiles will elevate the demand for laser cutting machines as these machines help in creating precisive designs and fastening the process of manufacturing auto parts relating to automobiles. Laser cutting machines are effective and efficient tools for precision cutting and designing projects related to automobiles to achieve modern designs.
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The laser cutting machine market is segmented:
1) By Technology: Solid State, Gas, Semiconductor
2) By Process: Fusion Cutting, Flame Cutting, Sublimation Cutting
3) By End User Industry: Automotive, Consumer Electronics, Defense And Aerospace, Industrial, Other End User Industries.
The introduction of new technologies for improving machines is a key trend gaining popularity in the laser cutting machine market. The incorporation of technologies such as self-centering clamping technology is playing important role in machine improvements and resulted in smarter and more efficient machines. Key players are focusing on offering technologically advanced laser cutting machines to enable significant efficiency and maximum output to strengthen their market position. For instance, in April 2020, TrumpF Group, a German industrial machine maker introduced a new laser cutting machine, the TruLaser Tube 3000 fiber, a cost-effective and reliable laser machine. The new machine finds a broad range of applications such as profiles, round tubes, and flat steel bars manufacturing. The machine incorporates the self-centering clamping technology to hold the tube in the correct place and position during machining and adjusts automatically to the tube dimensions eliminating the need for manual setup. The two-kilowatt solid-state laser can cut mild steel, stainless steel, aluminum, and nonferrous metals like copper and brass at fast speeds.
The laser cutting machine market report table of contents includes:
1. Executive Summary
2. Laser Cutting Machine Market Characteristics
3. Laser Cutting Machine Market Trends And Strategies
4. Laser Cutting Machine Market – Macro Economic Scenario
5. COVID-19 Impact On Laser Cutting Machine Market
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26. Africa Laser Cutting Machine Market
27. Laser Cutting Machine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Laser Cutting Machine Market
29. Laser Cutting Machine Market Future Outlook and Potential Analysis
30. Appendix
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