Global Laser Cutting Machines Market by Technology (Solid-State lasers, Gas Lasers, and Semiconductor Laser), Process (Fusion Cutting, Flame Cutting, and Sublimation Cutting), and End User (Automotive, Consumer Electronics, Defense and Aerospace, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2014-2022 Update Available On-Demand
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A01933
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Pages: 88
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May
2017 |
10317 Views
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Author(s) :
Rachna Singh
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Tables: 79
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Charts: 24
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Formats*:
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COVID-19
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Request Now !Laser Cutting Machines Market Overview:
Global Laser Cutting Machines Market is expected to reach $5.7 billion by 2022, growing at a CAGR of 9.3% from 2016 to 2022. Laser cutting machines involve casting a laser beam on the work piece, melting it and subsequently evaporating the targeted area by using enough heat by the laser.
The increase in production requirements in various industries and the need to reduce human involvement for improving the metal processing quality drive the need for automation in manufacturing industries. These requirements are fulfilled by the laser cutting machines.
Increase in sales and production in the respective markets of automotive, consumer electronics, and defense boost the requirement of these machines to be installed for manufacturing. The decrease in life span of products also supports the sales growth phenomena. The machines are required for keeping up with the demand for products.
There are substitutes available in the market that help in cutting; these offer similar features but use different cutting tool instead of laser. These substitutes affect the market in current scenario by offering alternate solutions for the shortcomings of laser cutting machines. The effect of these substitutes is expected to reduce in the future as the laser cutting machines undergo continuous improvements to counter the technological shortcomings.
Segment Review
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Top Impacting Factor
The significant impacting factors include growth of markets that require laser cutting machines and increase in need of automation in the manufacturing industry. Along with these factors, the market is influenced by the introduction of new technologies for improving machines. The above-mentioned factor creates opportunities for the market growth while factors such as availability of substitute machinery and expensive R&D limit the market growth. However, each factor is expected to impact the market during the forecast period.
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Growth of Automotive and Consumer Electronics Industry
The growth in consumer electronics and automotive drives the growth of laser cutting machines as shown in the figure below
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Key Benefits
- The report gives extensive details about the current and possible future scenarios of the laser cutting machines market.
- The report covers in depth study about the new emerging strategies and the present strategies adopted by the companies involved in the market.
- The report provides Porters Five Forces analysis to understand all the factors that affect the market.
- This report provides in depth quantitative analysis about the current market and predicts the future behavior, which assists in finding new market opportunities.
- This report provides comprehensive segmentation of the market along with the market leaders of different categories.
Laser Cutting Machines Market Key Segments:
The market is segmented based on technology, processes, end user, and geography
By Technology
- Solid-State Lasers
- Gas Lasers
- Semiconductor Lasers
By Process
- Fusion Cutting
- Flame Cutting
- Sublimation Cutting
By End User
- Automotive
- Consumer Electronics
- Defense and Aerospace
- Industrial
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- Coherent Incorporation
- Jenoptik Laser GmbH
- ALPHA Laser GmbH
- Bystronic Incorporated
- Epilog Laser Inc.
- IPG Photonics Corporation
- Trumpf GMBH + Co. KG
- Amada Miyachi Company, Ltd.
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Overview
2.2 Market Snapshot
2.3 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key Findings
3.2.1 Top impacting factor
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Porters Five Forces analysis
3.3.1 Moderate bargaining power of suppliers due to large vertical integration among companies and high switching cost
3.3.2 High bargaining power of buyer due to availability of substitutes, and low switching costs
3.3.3 Availability of substitutes increases threat of substitutes
3.3.4 Low threat of new entrants due to presence of dominant players and high barriers to entry
3.3.5 Low brand loyalty, high switching costs and high degree of vertical integration increase the competition among rivalries
3.4 Market share analysis, 2015
3.5 Drivers
3.5.1 High demand from the end-user industries
3.5.2 Increasing need of automation in the manufacturing industry
3.6 Restraints
3.6.1 Large expenditure on Research & Development
3.6.2 Availability of substitute machinery
3.6.3 Introduction of new technologies for improving machines
CHAPTER 4 WORLD LASER CUTTING MACHINES MARKET, BY TECHNOLOGY
4.1 Introduction
4.2 Solid state lasers
4.2.1 KEY MARKET TRENDS
4.2.2 KEY GROWTH FACTORS AND OPPORTUNITIES
4.2.3 MARKET SIZE AND FORECAST
4.3 Gas lasers
4.3.1 KEY MARKET TRENDS
4.3.2 KEY GROWTH FACTORS AND OPPORTUNITIES
4.3.3 MARKET SIZE AND FORECAST
4.4 Semiconductor lasers
4.4.1 KEY MARKET TRENDS
4.4.2 KEY GROWTH FACTORS AND OPPORTUNITIES
4.4.3 MARKET SIZE AND FORECAST
CHAPTER 5 WORLD LASER CUTTING MACHINES MARKET, BY PROCESS
5.1 Introduction
5.2 Fusion Cutting
5.2.1 KEY MARKET TRENDS
5.2.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.2.3 MARKET SIZE AND FORECAST
5.3 Flame Cutting
5.3.1 KEY MARKET TRENDS
5.3.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.3.3 MARKET SIZE AND FORECAST
5.4 Sublimation Cutting
5.4.1 KEY MARKET TRENDS
5.4.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.4.3 MARKET SIZE AND FORECAST
CHAPTER 6 WORLD LASER CUTTING MACHINES MARKET, BY END USER INDUSTRY
6.1 Introduction
6.2 Automotive
6.2.1 KEY MARKET TRENDS
6.2.2 KEY GROWTH FACTORS AND OPPORTUNITIES
6.2.3 MARKET SIZE AND FORECAST
6.3 Consumer Electronics
6.3.1 KEY MARKET TRENDS
6.3.2 KEY GROWTH FACTORS AND OPPORTUNITIES
6.3.3 MARKET SIZE AND FORECAST
6.4 Defense and Aerospace
6.4.1 KEY MARKET TRENDS
6.4.2 KEY GROWTH FACTORS AND OPPORTUNITIES
6.4.3 MARKET SIZE AND FORECAST
6.5 Industrial
6.5.1 KEY MARKET TRENDS
6.5.2 KEY GROWTH FACTORS AND OPPORTUNITIES
6.5.3 MARKET SIZE AND FORECAST
6.6 Other Users
6.6.1 KEY MARKET TRENDS
6.6.2 KEY GROWTH FACTORS AND OPPORTUNITIES
6.6.3 MARKET SIZE AND FORECAST
CHAPTER 7 WORLD LASER CUTTING MACHINES MARKET BY GEOGRAPHY
7.1 Introduction
7.2 North America
7.2.1 KEY MARKET TRENDS
7.2.2 KEY GROWTH FACTORS AND OPPORTUNITIES
7.2.3 MARKET SIZE AND FORECAST
7.3 Europe
7.3.1 KEY MARKET TRENDS
7.3.2 KEY GROWTH FACTORS AND OPPORTUNITIES
7.3.3 MARKET SIZE AND FORECAST
7.4 Asia Pacific
7.4.1 KEY MARKET TRENDS
7.4.2 KEY GROWTH FACTORS AND OPPORTUNITIES
7.4.3 MARKET SIZE AND FORECAST
7.5 LAMEA
7.5.1 KEY MARKET TRENDS
7.5.2 KEY GROWTH FACTORS AND OPPORTUNITIES
7.5.3 MARKET SIZE AND FORECAST
CHAPTER 8 COMPANY PROFILES
8.1 Coherent Incorporation
8.1.1 COMPANY OVERVIEW
8.1.2 COMPANY SNAPSHOT
8.1.3 OPERATING BUSINESS SEGMENTS
8.1.4 BUSINESS PERFORMANCE
8.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.2 Jenoptik Laser GmbH
8.2.1 COMPANY OVERVIEW
8.2.2 COMPANY SNAPSHOT
8.2.3 OPERATING BUSINESS SEGMENTS
8.2.4 BUSINESS PERFORMANCE
8.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.3 ALPHA Laser GmbH
8.3.1 COMPANY OVERVIEW
8.3.2 COMPANY SNAPSHOT
8.3.3 OPERATING BUSINESS SEGMENTS
8.3.4 BUSINESS PERFORMANCE
8.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.4 Bystronic Incorporated
8.4.1 COMPANY OVERVIEW
8.4.2 COMPANY SNAPSHOT
8.4.3 OPERATING BUSINESS SEGMENTS
8.4.4 BUSINESS PERFORMANCE
8.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.5 Epilog Laser Inc.
8.5.1 COMPANY OVERVIEW
8.5.2 COMPANY SNAPSHOT
8.5.3 OPERATING BUSINESS SEGMENTS
8.5.4 BUSINESS PERFORMANCE
8.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.6 IPG Photonics Corporation
8.6.1 COMPANY OVERVIEW
8.6.2 COMPANY SNAPSHOT
8.6.3 OPERATING BUSINESS SEGMENTS
8.6.4 BUSINESS PERFORMANCE
8.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.7 Trumpf GMBH + Co. Kg
8.7.1 COMPANY OVERVIEW
8.7.2 COMPANY SNAPSHOT
8.7.3 OPERATING BUSINESS SEGMENTS
8.7.4 BUSINESS PERFORMANCE
8.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.8 Amada Miyachi Company, Ltd.
8.8.1 COMPANY OVERVIEW
8.8.2 COMPANY SNAPSHOT
8.8.3 OPERATING BUSINESS SEGMENTS
8.8.4 BUSINESS PERFORMANCE
8.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
List of Figures
FIG. 1. WORLD LASER CUTTING MACHINES MARKET TOP IMPACTING FACTORS
FIG. 2. TOP WINNING STRATEGIES IN THE ALSER CUTTING MACHINES MARKET (2013-2016)
FIG. 3. TOP WINNING STRATEGIES (%) (2013-2016)
FIG. 4. TOP INVESTMENT POCKETS
FIG. 5. GROWTH OF AUTOMOTIVE AND CONSUMER ELECTRONICS INDUSTRY
FIG. 6. WORLD LASER CUTTING MACHINES MARKET BY TECHNOLOGY, 2015 (%)
FIG. 7. WORLD SOLID STATE LASER CUTTING MACHINES MARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 8. WORLD GAS LASER CUTTING MACHINES MARKET Y-O-Y, GROWTH (%), 2014-2022
FIG. 9. WORLD SEMICONDUCTOR LASER CUTTING MACHINES MARKET, ($ MILLION), GROWTH (%), 2014-2022
FIG. 10. WORLD LASER CUTTING MACHINES MARKET BY PROCESS TYPE, 2015 (%)
FIG. 11. WORLD LASER CUTTING MACHINES MARKET FOR FUSION CUTTING ($ MILLION), GROWTH (%), 2014-2022
FIG. 12. WORLD LASER CUTTING MACHINES MARKET FOR FLAME CUTTING ($ MILLION), GROWTH (%), 2014-2022
FIG. 13. WORLD LASER CUTTING MACHINES MARKET, FOR SUBLIMATION CUTTING ($ MILLION), GROWTH (%), 2014-2022
FIG. 14. WORLD LASER CUTTING MACHINES MARKET BY END USER INDUSTRY, 2015 (%)
FIG. 15. WORLD LASER CUTTING MACHINES MARKET FOR AUTOMOTIVE ($ MILLION), GROWTH (%), 2014-2022
FIG. 16. WORLD LASER CUTTING MACHINES MARKET FOR CONSUMER ELECTRONICS ($ MILLION), GROWTH (%), 2014-2022
FIG. 17. WORLD LASER CUTTING MACHINES MARKET, FOR DEFENSE AND AEROSPACE ($ MILLION), GROWTH (%), 2014-2022
FIG. 18. WORLD LASER CUTTING MACHINES MARKET FOR INDUSTRIAL ($ MILLION), GROWTH (%), 2014-2022
FIG. 19. WORLD LASER CUTTING MACHINES MARKET FOR OTHER USES ($ MILLION), GROWTH (%), 2014-2022
FIG. 20. WORLD LASER CUTTING MACHINES MARKET BY GEOGRAPHY, 2015
FIG. 21. NORTH AMERICA LASER CUTTING MACHINESMARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 22. EUROPE LASER CUTTING MACHINESMARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 23. ASIA PACIFIC CHASSIS SYSTEMS MARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 24. LAMEA LASER CUTTING MACHINESMARKET ($ MILLION), GROWTH (%), 2014-2022
List of Tables
TABLE 1. WORLD LASER CUTTING MACHINES MARKET SNAPSHOT
TABLE 2. APPLICATIONS OF LASER CUTTING MACHINES IN DIFFERENT MARKET
TABLE 3. COMPARISON BETWEEN LASER CUTTING, PLASMA CUTTING AND WATER-JET CUTTING MACHINES
TABLE 4. WORLD SOLID STATE LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 5. NORTH AMERICA LASER CUTTING MACHINES MARKET, FOR SOLID STATE LASERS, ($MILLION), GROWTH (%) 2014-2022
TABLE 6. EUROPE SOLID STATE LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 7. ASIA PACIFIC SOLID STATE LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 8. LAMEA SOLID STATE LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 9. WORLD GAS LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 10. NORTH AMERICA GAS LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 11. EUROPE GAS LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 12. ASIA PACIFIC GAS LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 13. LAMEA GAS LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 14. WORLD SEMICONDUCTOR LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 15. NORTH AMERICA SEMICONDUCTOR LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 16. EUROPE SEMICONDUCTOR LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 17. ASIA PACIFIC SEMICONDUCTOR LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 18. LAMEA SEMICONDUCTOR LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 19. WORLD LASER CUTTING MACHINES MARKET FOR FUSION CUTTING, ($MILLION), GROWTH (%)2014-2022
TABLE 20. NORTH AMERICA LASER CUTTING MACHINES MARKET, FOR FUSION CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 21. EUROPE LASER CUTTING MACHINES MARKET, FOR FUSION CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 22. ASIA PACIFIC LASER CUTTING MACHINES MARKET, FOR FUSION CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 23. LAMEA LASER CUTTING MACHINES MARKET, FOR FUSION CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 24. WORLD LASER CUTTING MACHINES MARKET, FOR FLAME CUTTING, ($MILLION), GROWTH (%)2014-2022
TABLE 25. NORTH AMERICA LASER CUTTING MACHINES MARKET, FOR FLAME CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 26. EUROPE LASER CUTTING MACHINES MARKET, FOR FLAME CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 27. ASIA PACIFIC LASER CUTTING MACHINES MARKET, FOR FLAME CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 28. LAMEA LASER CUTTING MACHINES MARKET, FOR FLAME CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 29. WORLD LASER CUTTING MACHINES MARKET, FOR SUBLIMATION CUTTING, ($MILLION), GROWTH (%)2014-2022
TABLE 30. NORTH AMERICA LASER CUTTING MACHINES MARKET, FOR SUBLIMATION CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 31. EUROPE LASER CUTTING MACHINES MARKET, FOR SUBLIMATION CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 32. ASIA PACIFIC LASER CUTTING MACHINES MARKET, FOR SUBLIMATION CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 33. LAMEA LASER CUTTING MACHINES MARKET, FOR SUBLIMATION CUTTING, ($MILLION), GROWTH (%) 2014-2022
TABLE 34. WORLD LASER CUTTING MACHINES MARKET FOR AUTOMOTIVE, ($MILLION), GROWTH (%)2014-2022
TABLE 35. NORTH AMERICA LASER CUTTING MACHINES MARKET, FOR AUTOMOTIVE, ($MILLION), GROWTH (%) 2014-2022
TABLE 36. EUROPE LASER CUTTING MACHINES MARKET, FOR AUTOMOTIVE, ($MILLION), GROWTH (%) 2014-2022
TABLE 37. ASIA PACIFIC LASER CUTTING MACHINES MARKET, FOR AUTOMOTIVE, ($MILLION), GROWTH (%) 2014-2022
TABLE 38. LAMEA LASER CUTTING MACHINES MARKET, FOR AUTOMOTIVE, ($MILLION), GROWTH (%) 2014-2022
TABLE 39. WORLD LASER CUTTING MACHINES MARKET, FOR CONSUMER ELECTRONICS, ($MILLION), GROWTH (%)2014-2022
TABLE 40. NORTH AMERICA LASER CUTTING MACHINES MARKET, FOR CONSUMER ELECTRONICS, ($MILLION), GROWTH (%) 2014-2022
TABLE 41. EUROPE LASER CUTTING MACHINES MARKET, FOR CONSUMER ELECTRONICS, ($MILLION), GROWTH (%) 2014-2022
TABLE 42. ASIA PACIFIC LASER CUTTING MACHINES MARKET, FOR CONSUMER ELECTRONICS, ($MILLION), GROWTH (%) 2014-2022
TABLE 43. LAMEA LASER CUTTING MACHINES MARKET, FOR CONSUMER ELECTRONICS, ($MILLION), GROWTH (%) 2014-2022
TABLE 44. WORLD LASER CUTTING MACHINES MARKET, FOR DEFENSE AND AEROSPACE, ($MILLION), GROWTH (%)2014-2022
TABLE 45. NORTH AMERICA LASER CUTTING MACHINES MARKET, FOR DEFENSE AND AEROSPACE, ($MILLION), GROWTH (%) 2014-2022
TABLE 46. EUROPE LASER CUTTING MACHINES MARKET, FOR DEFENSE AND AEROSPACE, ($MILLION), GROWTH (%) 2014-2022
TABLE 47. ASIA PACIFIC LASER CUTTING MACHINES MARKET, FOR DEFENSE AND AEROSPACE, ($MILLION), GROWTH (%) 2014-2022
TABLE 48. LAMEA LASER CUTTING MACHINES MARKET, FOR DEFENSE AND AEROSPACE, ($MILLION), GROWTH (%) 2014-2022
TABLE 49. WORLD LASER CUTTING MACHINES MARKET, FOR INDUSTRIAL, ($MILLION), GROWTH (%)2014-2022
TABLE 50. NORTH AMERICA LASER CUTTING MACHINES MARKET, FOR INDUSTRIAL, ($MILLION), GROWTH (%) 2014-2022
TABLE 51. EUROPE LASER CUTTING MACHINES MARKET, FOR INDUSTRIAL, ($MILLION), GROWTH (%) 2014-2022
TABLE 52. ASIA PACIFIC LASER CUTTING MACHINES MARKET, FOR INDUSTRIAL, ($MILLION), GROWTH (%) 2014-2022
TABLE 53. LAMEA LASER CUTTING MACHINES MARKET, FOR INDUSTRIAL, ($MILLION), GROWTH (%) 2014-2022
TABLE 54. WORLD LASER CUTTING MACHINES MARKET, FOR OTHER USES, ($MILLION), GROWTH (%)2014-2022
TABLE 55. NORTH AMERICA LASER CUTTING MACHINES MARKET, FOR OTHER USES, ($MILLION), GROWTH (%) 2014-2022
TABLE 56. EUROPE LASER CUTTING MACHINES MARKET, FOR OTHER USES, ($MILLION), GROWTH (%) 2014-2022
TABLE 57. ASIA PACIFIC LASER CUTTING MACHINES MARKET, FOR OTHER USES, ($MILLION), GROWTH (%) 2014-2022
TABLE 58. LAMEA LASER CUTTING MACHINES MARKET, FOR OTHER USES, ($MILLION), GROWTH (%) 2014-2022
TABLE 59. NORTH AMERICA LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 60. U.S. LASER CUTTING MACHINESMARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 61. CANADA AUTOMOTIVE CHASSISSYSTEMS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 62. MEXICO LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 63. EUROPE LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 64. U.K. LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 65. FRANCE LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 66. GERMANY LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 67. ITALY LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 68. REST OF EUROPE LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 69. ASIA PACIFIC LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 70. CHINA LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 71. INDIA LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 72. SOUTH KOREA LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 73. JAPAN LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 74. AUSTRALIA LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 75. REST OF ASIA PACIFIC LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 76. LAMEA LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 77. SOUTH AMERICA LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 78. MIDDLE EAST LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 79. AFRICA LASER CUTTING MACHINES MARKET, ($MILLION), GROWTH (%) 2014-2022
Increase in technological improvement in the machining technology forces the market to evolve. The difference in features of the laser cutting machines and its substitute affects the market growth. The number of players in the market is limited but the competition is high for the market share. Product launches with improving technologies and the geographical expansion are expected to increase the market competition.
To increase the efficiency and to make the process more user-friendly, the machine features undergo continuous improvements. These new features will be upgraded with time to compete in the market. The changes in requirements by the manufacturers further motivate the developers to bring out changes in the Laser Cutting Machines.
The increase in need for automation to keep up with the high requirements of the manufacturing industry affects the market. There is an estimated increase in the automation requirements with production of more sophisticated and precise components in the future. To remove the possibility of human error, human intervention in the manufacturing process needs to be reduced.
The global laser cutting machines market is expected to witness significant growth during the forecast period, with North America being the major market, followed by Asia-Pacific.
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