Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Laser Processing Machines market is expected to registering a phenomenal CAGR of 8.2% during the review period (2022 to 2027).
Laser Processing Machines Market Overview
Laser processing machines incorporate laser technology for cutting, wielding, marking, engraving, and additive manufacturing among others. The various materials that are processed by these machines are metals, glass, plastics, among others catering its application in end-user industries. Automotive sector is anticipated to be one of the major industries for laser processing machines market in the forecast period owing to recent industrialization aiming to decrease the weight of the vehicles by opting lightweight materials like magnesium, titanium and few others. Other key factors driving the market are rising advantages of laser technology over conventional material processing techniques, preference for automation among others.
Recent Developments:
January 2020, Trumpf acquired a minority stake in GLOphotonics, a France-based laser technology startup.
November 2019, Coherent launched a switchable adjustable ring mode (ARM) fiber laser that has the ability to sequentially power two separate processes or workstations.
Who are the Major Players in Laser Processing Machines Market?
The Laser Processing Machines Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Trumpf, Ermak, Mitsubishi Corporation (Tokyo:8058.T), Mazak, Panasonic Holdings Corporation (Other OTC :PCRFY), Bystronic AG (Swiss :BYS.SW), Amada Co., Ltd. (Tokyo:6113.T), Jenoptik AG (XETRA :JEN.DE), Deckel Maho, Homag, Rofin-Sinar Technologies, Eurolaser, Alltec, Esab Corporation (NYSE:ESAB), Coherent Inc. (NasdaqGS:COHR), Enshu Limited (Tokyo:6218.T), IPG Photonics Corporation NasdaqGS:(IPGP), Aerotech, Newport Corporation and others.
What are the major Applications, Types and Regions for Laser Processing Machines Market?
By Type, it is segmented into
- Gas Laser Processing Machines
- Solid Laser Processing Machines
- Liquid Laser Processing Machines
By Applications, it is segmented into
- Automotive
- Food & Beverage
- Oil & Gas
- Industrial
- Others
Laser Processing Machines Market Regional Analysis
Asia-Pacific held the largest market share in laser processing machine market followed by Europe, owing to increased demand for laser technology from original equipment manufacturers in material processing, rapid industrialization, and increasing adoption of laser processing systems across multiple application areas. Additionally, APAC growth seems quite promising owing to increased number of manufacturing plants in countries such as China, Japan, and South Korea.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
Asia-Pacific held the major market share in laser processing machine market followed by Europe, owing to increased demand for laser technology from original equipment manufacturers in material processing, rapid industrialization, and growing adoption of laser processing systems across multiple application areas.
What is our Laser Processing Machines Market report scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 8.2% during the review period (2022 to 2027).
|
By Type
|
- Gas Laser Processing Machines
- Solid Laser Processing Machines
- Liquid Laser Processing Machines
|
By Application
|
- Automotive
- Food & Beverage
- Oil & Gas
- Industrial
- Others
|
By Companies
|
Trumpf, Ermak, Mitsubishi Corporation (Tokyo:8058.T), Mazak, Panasonic Holdings Corporation (Other OTC :PCRFY), Bystronic AG (Swiss :BYS.SW), Amada Co., Ltd. (Tokyo:6113.T), Jenoptik AG (XETRA :JEN.DE), Deckel Maho, Homag, Rofin-Sinar Technologies, Eurolaser, Alltec, Esab Corporation (NYSE:ESAB), Coherent Inc. (NasdaqGS:COHR), Enshu Limited (Tokyo:6218.T), IPG Photonics Corporation NasdaqGS:(IPGP), Aerotech, Newport Corporation and others.
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
134
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Laser Processing Machines Report
- Evaluate Laser Processing Machines market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Laser Processing Machines market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Laser Processing Machines Market is studied from 2017 - 2027.
What is the growth rate of Laser Processing Machines Market?
The Laser Processing Machines Market is growing at a CAGR of 8.2% over the next 5 years.
Who are the leading key players in Laser Processing Machines Market?
Trumpf, Ermak, Mitsubishi Corporation (Tokyo:8058.T), Mazak, Panasonic Holdings Corporation (Other OTC :PCRFY), Bystronic AG (Swiss :BYS.SW), Amada Co., Ltd. (Tokyo:6113.T), Jenoptik AG (XETRA :JEN.DE), Deckel Maho, Homag, Rofin-Sinar Technologies, Eurolaser, Alltec, Esab Corporation (NYSE:ESAB), Coherent Inc. (NasdaqGS:COHR), Enshu Limited (Tokyo:6218.T), IPG Photonics Corporation NasdaqGS:(IPGP), Aerotech, Newport Corporation and others.
What regions regions does this Laser Processing Machines Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Laser Processing Machines Market?
Gas Laser Processing Machines, Solid Laser Processing Machines, Liquid Laser Processing Machines
What are the significant Applications of Laser Processing Machines Market?
Automotive, Food & Beverage, Oil & Gas, Industrial, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
