The global Laser Cutting Machine market was 3360 million US$ in 2018 and is expected to 7030 million US$ by the end of 2025, growing at a CAGR of 9.7% between 2019 and 2025.
Los Angeles, CA -- (SBWIRE) -- 05/06/2019 -- Laser cutting machine is a machine which uses laser beam to cut materials such as acrylic, plastic, wood, fabric, and many other non-metallic materials. The laser cutting machines initially casts laser beam on the surface of work piece, melts it and finally evaporates the particular area of work piece using the energy released by laser.
Europe was the largest production market with a market share of 29.42% in 2012 and 26.78% in 2017 with a decrease of 2.64%. North America ranked the second market with the market share of 24.76% in 2016.
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Laser Cutting Machines product demand market there is also a certain space, but basically showing the scarcity of high-end products, and low-end products, excess capacity. Along with the development of Chinese domestic Laser Cutting Machines, Chinese domestic Laser Cutting Machines has been very mature and advanced, and the performance distance has been shortening compared with the imported Laser Cutting Machines.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
Although sales of Laser Cutting Machines brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Laser Cutting Machines field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese Laser Cutting Machines industry is not only begin to transit to high-end Laser Cutting Machines products, while still extend in the resource-rich land and downstream industry chain.
The global Laser Cutting Machine market was 3360 million US$ in 2018 and is expected to 7030 million US$ by the end of 2025, growing at a CAGR of 9.7% between 2019 and 2025.
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This report studies the Laser Cutting Machine market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Laser Cutting Machine in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
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
By the product type, the market is primarily split into
CO2 Laser Cutting Machine
Fiber Laser Cutting Machine
YAG Cutting Machine
By the end users/application, this report covers the following segments
Metal Materials Cutting
Non-metal Materials Cutting
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