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Laser Cutting Machine Market to Witness Growth Owing to Rising Demand From Automotive Industry by 2028 | Million Insights


News provided by

Million Insights

19 Mar, 2019, 10:40 GMT

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FELTON, California, March 19, 2019 /PRNewswire/ -- Global Laser Cutting Machine Market is estimated to grow considerably in the forecast period owing to the flourishing automotive industry. Laser cutting is a technology that cuts steel and alloy materials used for industrial applications. It is majorly used in applications, such as internal and external body fabrication for aircraft, ships, robots, automobiles, art and sculpture. Laser cutting machines enable metal fabricators to manufacture high-quality components that need minimum, if any, finishing work. In the laser cutting process, laser never damages the metal, leading to less or no wearing out on the machine.

Laser cutting machine market is majorly driven by growing industrialization, increase in urbanization, high adoption of laser cutting machines by end users, and rise in investments by manufacturers. However, significant cost associated with the installation of these machines, low technical expertise and high consumption of power are predicted to restrain the laser cutting machine industry.

Browse research report with TOC on "Global Laser Cutting Machine Market" at: https://www.millioninsights.com/industry-reports/laser-cutting-machine-market

Increasing automation in laser cutting machines is an emerging trend in the market. Moreover, manufacturers are increasingly focusing on reducing prices of laser cutting machines due to high adoption by end users and intense competition among the market players. Laser cutting machines market is categorized on the basis of process, technology, end user, and geography. On the basis of process, laser cutting machine industry is divided into flame cutting, fusion cutting, and sublimation cutting.

Based on technology, laser cutting machine market is split into gas lasers, semiconductor lasers, and solid state conductors. Gas segment is anticipated to lead the market in future due to rise in demand for better-quality equipment and machining tools. Moreover, semiconductor lasers segment is expected to lead the market due to its wide applications. Semiconductors are comparatively cheaper than other types of lasers, consumer less power, and are compact in size.

In terms of end user, laser cutting machine industry is bifurcated into consumer electronics, industrial use, automotive applications, defence and aerospace, and others. Consumer electronics segment is predicted to contribute significantly to the market due to growing urbanization and high demand from consumer electronics from both developing and developed economies. Furthermore, defence and aerospace and automotive segments lead the market due to increase in applications and rise in demand for automobiles.

Geographically, laser cutting machines market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is predicted to dominate the market owing to the mature industrial market. Asia Pacific also leads the market due to developments in the automotive sector, increase in demand for consumer electronics and growing industrialization.

The leading players in laser cutting machines industry include ALPHA Laser GmbH, IPG Photonics Corporation, Jenoptik Laser GmbH, Trumpf GMBH + Co. KG, Amada Miyachi Company, Ltd., Epilog Laser Inc., Coherent Incorporation, Bystronic Incorporated, Cincinnati, Cutlite Penta, CY LASER, DANOBATGROUP, DPSS Laser, Hypertherm, Jenoptik, Laser Photonics, Prima Industries, Trotec Laser, Universal Laser Systems, Vytek Laser Systems, and Xenetech Global.

Browse reports of similar category available with Million Insights:

  • Passenger Ticket Vending Machine (TVM) Market 
  • Automated Food Sorting Machines Market 
  • Aseptic Packing Machine Market 
  • Automatic Checkweigher Market 

Market Segment:

  • Leading players of Laser Cutting Machine including:
    • Trumpf
    • Han'S Laser
    • Bystronic
    • Mazak
    • Amada
    • Coherent
    • Prima Power
    • Mitsubishi Electric
    • HG Laser
    • Koike
    • DMG MORI
    • Tianqi Laser
    • Unity Laser
    • LVD
    • Cincinnati
    • Universal Laser Systems
    • Tanaka
    • Penta-Chutian
    • IPG Photonics
    • Lead Laser
    • Epilog Laser
    • Trotec
    • GF
    • CTR Lasers
    • Spartanics
    • Microlution
    • Boye Laser
    • Kaitian Laser
    • HE Laser
    • Golden Laser
  • Market split by Type, can be divided into:
    • CO2 Laser Cutting Machine
    • Fiber Laser Cutting Machine
    • YAG Cutting Machine
  • Market split by Application, can be divided into:
    • Metal Materials Cutting
    • Non-metal Materials Cutting
  • Market split by Sales Channel, can be divided into:
    • Direct Sales
    • Distribution Sales
  • Market segment by Region/Country including:
    • North America (United States, Canada and Mexico)
    • Europe (Germany, UK, France, Italy, Russia and Spain etc.)
    • Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
    • South America Brazil, Argentina, Colombia and Chile etc.)
    • Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.) 

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com 
Web: https://www.millioninsights.com/ 
Blog: http://www.millioninsights.blogspot.com/

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