The global Laser Cutting Machines market is expected to reach $5.7 billion by 2022, growing at a CAGR of 9.3% from 2016 to 2022. Laser cutting machines involve casting a laser beam on the work piece to melt it, and subsequently evaporate the targeted area by heating it with the help of laser.

The need for accurate and precise machining in various manufacturing industries such as automotive, defense, and micro-electric drives the market for the laser cutting machines market. Increase in demand for products that require such precise machining process along with rapid industrialization process boost the laser cutting machines market. Further, there is an increase in the need for automation, with its more accurate machining application to quicken the process. The market is restricted by high capital investment required for the use of laser cutting machines. Substitutes such as plasma cutting and water-jet cutting machines are also available, which pose a threat for the market. Future growth opportunities are expected to be offered through improvement in technology that will enhance operational safety and cost effectiveness of laser cutting machines

The global laser cutting machine market is segmented into different segments based on technology, process, end users, and geography. Based on technology, the market is divided into solid-state lasers, gas lasers, and semiconductor lasers. Based on processes, the market is classified into fusion cutting, flame cutting, and sublimation cutting. Based on end users, the market is segmented into automotive, consumer electronics, defense and aerospace, industrial, and others. Based on geography, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major players that are profiled in the report include Coherent Incorporation, Jenoptik Laser GmbH, ALPHA Laser GmbH, Bystronic Incorporated, Epilog Laser Inc., IPG Photonics Corporation, Trumpf GMBH + Co. Kg, and Amada Miyachi Company, Ltd.

POTENTIAL BENEFITS FOR STAKEHOLDERS

The report gives extensive details about the current and possible future scenarios of the laser cutting machines market.
The report covers in depth study about the various strategies adopted by the companies involved in the market and the new emerging strategies.
The report provides Porter's Five Forces analysis to understand all the factors that affect the market.
This report provides in depth quantitative analysis about the current market and predicts the future behavior, which assists in finding new market opportunities.
This report provides comprehensive segmentation of the market along with the leaders of different categories.

KEY MARKET SEGMENTS

The market is segmented based on technology, processes, end user, and geography.

BY TECHNOLOGY

Solid-State Lasers
Gas Lasers
Semiconductor Lasers

BY PROCESS

Fusion Cutting
Flame Cutting
Sublimation Cutting

BY END USER

Automotive
Consumer Electronics
Defense and Aerospace
Industrial
Others

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
China
India
South Korea
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

KEY PLAYERS

Coherent Incorporation
Jenoptik Laser GmbH
ALPHA Laser GmbH
Bystronic Incorporated
Epilog Laser Inc.
IPG Photonics Corporation
Trumpf GMBH + Co. KG
Amada Miyachi Company, Ltd.