NEW YORK, August 26, 2022 /PRNewswire/ — The Laser cutting machine market size is expected to increase by 1.25 billion dollars during the period 2021-2026, during the forecast period. The report broadly covers the segmentation of the Laser Cutting Machine market by end user (automotive, aerospace and defense, electrical and electronic, industrial machinery and others), product (fiber, solid state, diode and others), and Geography (APAC, Europe, North America, South AmericaAND Middle East AND Africa).
One of the major factors driving the growth of the laser cutting machine market is increasing emphasis on automating the metal cutting process. One of the important market trends driving the growth of the laser cutting machine industry is the increasing digitization of industrial processes. However, one of the major factors hindering the growth of the laser cutting machine market is the availability of substitute machine tools for metal cutting applications.
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Top five laser cutting machine companies:
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ALPHA LASER GmbH: The company offers the development and supply of flexible packaging globally. This segment is the largest supplier of plastic, aluminum and fiber based flexible packaging.
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LOVED Co. Ltd.: The company provides meat packaging solutions to protect products and make them stand out from the competition and help attract attention on store shelves.
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Bystronic Laser AG: The company offers meat packaging solutions with a range of containers, trays and special films for meat and fish packaging.
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Chutian Laser: The company offers meat packaging solutions that are made from recycled material that helps keep the product safe and fresh for a longer duration.
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Coherent Inc.: The company offers various types of products such as butter and cheese sheets, dairy wrap labels and confectionery packaging.
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Laser Cutting Machine Market Segmentation
APAC will count 58% of market growth. The main markets for laser cutting machines in APAC are China, South KoreaAND Japan. The market of this region will expand faster than that of other areas. During the project period, the availability of a competent workforce will support the expansion of the market for laser cutting machines in APAC. Get a free sample report.
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Laser Cutting Machine Market Scope |
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Report coverage |
The details |
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Page Number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum and CAGR |
Slow down to a CAGR of 4.91% |
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Market growth 2022-2026 |
1.25 billion dollars |
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Market structure |
Fragmented |
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Annual growth (%) |
5.52 |
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Regional analysis |
APAC, Europe, North America, South America, Middle East and Africa |
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Making a contribution to the market |
APAC at 58% |
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Main customer countries |
USA, China, South Korea, Japan and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, extent of customer engagement |
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Top companies profiled |
ALPHA LASER GmbH, AMADA Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Chutian Laser, Coherent Inc., El.En. Spa, Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Bond Laser Co., Koike Aronson Inc., LZK CNC Machine Tool Anhui Manufacturing Co. Ltd., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., PRIMA INDUSTRIE Spa, Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF GmbH Co. KG Systems Inc. , and Yamazaki Mazak Corp. |
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Market dynamics |
Parent market analysis, market growth drivers and restraints, fast growing and slow growing segment analysis, analysis of the impact and recovery of COVID 19 and future consumer dynamics, and analysis of the market state for the period of forecasting. |
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Customization field |
If our report did not include the data you are looking for, you can contact our analysts and customize the segments. |
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Table of Contents
1 Executive summary
2 Market landscape
3 Market size
4 Five Forces Analysis
5 Market segmentation by end user
6 Market segmentation by product
7 Customer landscape
8 Geographical landscape
9 Drivers, Challenges and Trends
10 Vendor landscape
11 Seller Analysis
12 Appendix
About Technavio
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