DUBLIN, April 28, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Laser Cutting Machine Market 2016-2020" report to their offering.
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The global laser cutting machine market is expected to grow at a CAGR of 8.91% during the period 2016-2020.
The laser cutting machines provide an efficient and effective process of manufacturing components and parts in many sectors, including automotive, aerospace and defence, healthcare, plastics, electrical and electronics, textiles, and woodworking industries. Laser machines eliminate the need for tool-based machining, and minimize the production delays involved with the use of tool-based machines.
The laser cutting machine market is highly fragmented, and witnesses the presence of numerous local and international vendors, all engaged in intense competition with each other. The major players in the market are resorting to acquisitions as a strategy to grow their market shares. Further, mergers and acquisitions and strategic alliances are being planned to obtain access to untapped markets.
According to the report, many companies implement process automation to enhance their productivity and increase profit margins. The use of automation in ports is a recent trend in the market. For example, the automation of Rotterdam port has resulted in effective management of the largest port in Europe. Other ports have also adopted automation with the aim of controlling their losses and regulating resources.
Further, the report states that high productivity and efficiency has boosted the demand for laser cutting technology in the manufacturing and other industrial processes. However, to ensure that the efficiency and productivity is not compromised, laser cutting machines need continuous maintenance and service, which is inhibiting its adoption by many end-users.
- IPG Photonics
- Rofin-Sinar Technologies
Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by products
PART 07: Market segmentation by end users
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/d4l79x/global_laser
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SOURCE Research and Markets