The use of lasers to process metal and non-metal materials and develop new industrial products is accelerating around the world. Laser cutting machines are used to cut materials such as plastic, fabric, wood, acrylic, and many other non-metallic materials. These devices are used in various industrial applications in order to increase the efficiency of the industrial products and consistently provide a quick turnaround without compromising on the quality of the output.
The global laser cutting machines market is driven by the growing demand for aesthetics, large-scale vehicle production, and rising demand for consumer electronics. While high adoption of disk lasers in a number of industries is likely to boost demand for laser cutting machines in the coming years, safety concerns and high initial as well as maintenance costs threaten to impede the growth of the global market.
Free PDF For Latest Advancements with Technological breakthroughs is @ http://bit.ly/2dj8LBA
On the basis of technology, the laser cutting machines market is fragmented into gas lasers, semiconductor lasers, and solid state lasers. Solid state lasers represented the largest share in the market in 2014and are likely to retain its lead through 2020. This technology segment is boosted by wide-scale utilization in industries such as automotive, consumer electronics, and defense and aerospace.
By end use, the laser cutting machines market is segmented into consumer electronics, industrial, automotive, defense and aerospace, and others. The industrial sector holds the largest share in the laser cutting machines market owing to rapid industrialization in developing countries around the world. Consumer electronics, on the other hand, are anticipated to form the most rapidly growing end-use segment thanks to steady growth in sales.
The main driver that is stimulating the laser cutting machines market is the growth of the global automotive industry. The automotive industry has been a pioneer in adopting laser technology in the manufacturing process. The expansion in vehicle production and demand for laser-welded auto parts is boosting the overall laser cutting machines market.
Advances in Laser Technology are Widely Adopted by Automakers
The automotive industry is a lucrative area for industrial laser processing methods. The field is incorporating new solid-state laser technologies evolving at a rapid pace across the globe. Since the early 80s, demand from the automotive industry has been one of the significant driving forces behind innovative high-power laser applications.
Automotive manufacturers utilize the advantages of laser cutting machines such as the low heat input into the material, high quality achieved while cutting edges, as well as the high processing speeds when working with a range of auto parts. The use of lasers to weld gear parts, produce airbag components, and weld essential engine components in a vehicle highlights the need for advanced laser cutting machines. These devices offer good possibility of automation, thereby improving the work piece geometries and reducing the complexities regarding the cutting of the edges.
Besides high flexibility and rapidness, laser cutting machines are also known for their user-friendliness and precision. These devices provide accurate, clean, and damage-free operations, and are thus widely used by automakers worldwide.
The laser cutting machines market is expected to reach US$4.37 billion by 2020, from US$2.16 billion in 2013. Mainly used for improving the efficiency of work and reducing costs during industrial operations, the demand for laser cutting machines is expected to grow rapidly across the globe. In the next five years, the market is set to expand at a CAGR of 10.3% between 2014 and 2020.Browse Market Research Report of Laser Cutting Machines Market: http://www.transparencymarketresearch.com/laser-cutting-machines.html
On the basis of geography, the laser cutting machines market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). In 2014, North America dominated the global laser cutting machines market owing to its robust industrial sector. Asia Pacific held the second position and is the most swiftly developing region in the market for laser cutting machines. The increase in sale of consumer electronics is the key factor fuelling the uptake of laser cutting machines in this region. The prominent companies in this market include Amada Miyachi CO, Bystronic Incorporation, ALPHA Laser GmbH, Coherent Incorporation, DPSS Lasers Incorporation, Trumpf Laser GMBH + Co. Kg and IPG Photonics Corporation, among others.