Global Laser Cutting Machine Market 2015 - 2024: Key Players are Trumpf Laser, IPG Photonics, Coherent & Rofin-Sinar Technologies - Research-and-Markets

DUBLIN, Apr. 13, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Laser Cutting Machine Market Analysis By Technology (Solid State Lasers, Gas Lasers), By Process (Fusion Cutting, Flame Cutting, Sublimation Cutting), By Application (Consumer Electronics Defense And Aerospace), And Segment Forecasts, 2015 - 2024" report to their offering.

The global laser cutting machines market is expected to reach USD 6.72 billion by 2024

Increasing use of fiber, CO2 and Yttrium Aluminum Garnet (YAG) lasers in the cutting applications such as consumer electronics and industrial sectors is expected to augment the demand for the laser cutting machines market.

Consumer electronics is anticipated to be the fastest-growing sector owing to the rising implementation of lasers in material processing applications such as cutting, welding, and engraving. Moreover, the need for high power input and efficiency-based cutters are driving the demand for laser cutting machines over the forecast period.

Developments of novel process lasers to optimize the production of customized three-dimensional glass components and a shift from conventional semiconductor lasers to quantum cascade lasers are expected to increase the demand for these machines. Continuous technological advancements in the laser technology are enabling manufacturers to invest in research and development to gain a competitive advantage. Moreover, the end-use industry is replacing the conventional cutting technology with laser cutting owing to the demand for high-speed cutting and drilling.

Further key findings from the study suggest:

• Gas lasers are estimated to grow at a CAGR of over 9.4% from 2016 to 2024. These lasers have an increasing demand for improved machine tools and equipment in making holograms, dye laser pumping, barcode reading, and laser printing.
• The fusion cutting process is estimated to be the fastest-growing segment at a CAGR of over 9.4% from 2016 to 2024. Fusion cutting offers the benefit of producing a virtually oxide-free cutting edge suitable for thin sheets cutting.
• The industrial sector is expected to dominate the market over the forecast period. The growing trend of automation in the manufacturing process is increasing the demand for laser cutting machines. These machines precisely cut parts and patterns at high speeds with consistent results.

Key players in the laser cutting machines market include

• Trumpf Laser GmbH + Co. KG
• IPG Photonics Corporation
• Coherent Inc.
• Rofin-Sinar Technologies Inc.

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Laser Cutting Machines Industry Outlook

4. Laser Cutting Machines Technology Outlook

5. Laser Cutting Machines Process Outlook

6. Laser Cutting Machines Application Outlook

7. Laser Cutting Machines Regional Outlook

8. Competitive Landscape

- Alpha Laser GmbH
- Amada Miyachi Co. Ltd
- Bystronic Inc.
- Coherent Inc.
- DPSS Laser Inc.
- Epilog Lasers Inc.
- Fanuc Corporation
- IPG Photonics Corporation
- Jenoptik Laser GmbH
- Kern Lasers System
- Rofin-Sinar Technologies Inc.
- Trumpf Laser GmbH + Co. Kg

For more information about this report visit http://www.researchandmarkets.com/research/66dqs2/laser_cutting

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SOURCE Research and Markets