Online:
Visits:
Stories:
Profile image
By Credence Research
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Global Laser Cutting Machines Market Size, Share, Growth, Opportunities, Analysis and Forecast 2024 – Credence Research

Thursday, February 23, 2017 5:03
% of readers think this story is Fact. Add your two cents.

(Before It's News)

According to a new market research report published by Credence Research “Laser Cutting Machines Market (Machine Type – Flying Optic, Moving Material and Hybrid; Laser Technology – Gas Lasers, Solid-state Lasers, Fiber Lasers and Other (Semiconductor, Excimers, Dye etc.) Lasers) – Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2024” the global laser cutting systems market was valued at US$ 4.97 Bn in 2015 and is estimated to expand with a CAGR of 6.7% from 2016 to 2024.

Browse the full report at http://www.credenceresearch.com/report/laser-cutting-machines-market

Market Insights

Laser technology has found immense adoption across various industrial applications including cutting, drilling, marking and engraving and micro-processing. The technology is majorly used for cutting metals/non-metals and other polymer materials. Laser technology is also used for drilling processes in mines and crude oil extraction, along with industrial manufacturing. Apart from heavy applications, laser technology is also used extensively for micro-processing such as drilling, cutting and scribing in small dimensions.

The overall laser cutting machines is highly driven by the rising industrialization worldwide. Industry verticals including automotive and electronics have undergone paradigm shift, over the period of time, especially in Asia Pacific. Subsequently, the demand for fast and precise industrial processing tools has risen significantly since the past few years. Another major factor propelling the market growth is the superior advantages of laser systems over conventional material methods.

The overall laser cutting machines market is segmented on the basis of types, laser technology and industry verticals as per following:

  • By Type

    • Flying Optic

    • Moving Material

    • Hybrid

  • By Technology

    • CO2

    • Fiber

    • Solid-state

    • Others

  • By Industry Vertical

    • Automotive & Aerospace

    • Machine Tools & OEMs

    • Electronics

    • Healthcare

    • Plastic Processing & Packaging

    • Others

Competitive Insights:

The global laser processing systems market is relatively consolidated in nature with top four players accounting for nearly 45% of the total market share. However, the market comprises large number of regional as well as international laser cutting machine manufacturers. Thus, global laser cutting machine vendors face strong competition from such players. Most of the laser cutting machine vendors are located in Europe and China where there is strong industrialization. Major global companies operating in the market include TRUMPF Group, Hans Technology Co., Ltd., Amada Co., Ltd., ROFIN-SINAR Technologies, Inc., IPG Photonics and others.

Key Trends:

  • More focus on automating laser cutting machines

  • Geographical expansion through organic as well as inorganic growth

  • Fiber lasers for healthcare and micro applications

  • Laser cutting machines capable of providing high degree of flexibility in operation

Request Free Sample : http://www.credenceresearch.com/sample-request/58346

Latest Report:

About Us:

Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith (Global Sales Manager)

Address: 105 N 1st ST #429, SAN JOSE,
CA 95103, United States

Ph: 1-800-361-8290

E-mail: [email protected]

Website: http://www.credenceresearch.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.