Fiber Laser Cutting Machine Market is Expected to Grow With a CAGR of 3.7% During the Forecast Period 2018-2025, Says Esticast Research and Consulting
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As per the report “Fiber Laser Cutting Machine Market By Type ( 2D laser cutting, 3D laser cutting ), By Application ( General Machinery Processing, Automotive Industry, Home Appliance, Aerospace and Marine ), Industry Trends, Estimation & Forecast, 2018-2025″
In 2017, the 2D laser cutting segment generated the highest revenue share in the global fiber laser cutting machine market. Among major regions, Asia-Pacific was the highest revenue generating market, holding nearly 48% of the market share, in 2017.
“High ergonomics, fast operation and high power safety are some of the major factors which are driving the growth of 3D fiber laser cutting machines. Most of the 3D fiber laser cutting machines use pre-focused optical system with appropriate deflection lenses, leading to enhanced focus accuracy, better transmission of laser light and smooth functioning of the machine. The continuous expansion of automobile manufacturing industry, especially in the Asia-pacific region is expected to boost the sales of 3D fiber laser cutting machines during the upcoming years.”
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2D fiber laser cutting machines are usually used for applications such as metal processing, aviation industry, sheet metal workshops, fast cutting of stainless steel, and many others. In addition, 2D technology is also used for the manufacturing of ships, metallurgical equipment, elevators, tools, and home appliances among others. The excellent beam quality, high focus power and impressive efficiency are the major factors which are propelling the growth of the market. Moreover, a continuous demand for sheet metal components from the industries such as automobile and locomotive is stimulating the growth of 2D fiber laser cutting machines in the respective sectors.
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General machinery processing segment emerged as the market leader with a share of nearly 40%, owing to the requirement of finest cutting techniques in the sector
The intricate and complex designs of blades, precise hole formations, and generation of cuts & groves in machines require the finest cutting techniques. Turbines, industrial pumps, and other huge machineries require accurate designing and manufacturing, in order to avoid catastrophic end results caused due to minute manufacturing defects. A slightest flaw in the design or in the grooves of the component might cause the whole machine unit to collapse. In order to avoid such mishaps, several machine manufacturers are adopting fiber laser cutting machines in their workshops, which in turn is fuelling the growth of the segment in the global market.
Asia-Pacific emerges as a lucrative market due to the growth of various industries in the region
Asia-Pacific held nearly 48% market share, in terms of revenue, of the global market in 2017. The segment is expected to grow with an impressive growth rate of 4.1% during the forecast period. China is one of the largest markets for automobiles and automotive parts in the world. A booming trend of e-vehicles is flourishing the growth of fiber laser cutting machines market in China, as this technique is widely adopted for the cutting of intricate designs and component structures which are used in automobiles. In addition, a rapid expansion of electronics and semiconductor industry in countries such as Korea and Taiwan has paved the way for several growth opportunities in the regional market. Whereas, in India, the growth of medical and automobile industry, along with various initiatives taken by Indian government such as “Make in India” are propelling various regional and foreign manufacturers to invest in the country. This is expected to offer lucrative opportunities for the growth of fiber laser cutting market in the region.
FIBER LASER CUTTING MACHINE PRODUCTION OF TOP 4 MANUFACTURERS, 2017
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KEY FINDINGS OF GLOBAL FIBER LASER CUTTING MACHINE MARKET, 2017-2025
• The home appliance application segment is expected to grow with an impressive growth rate of 4.3% during the upcoming years.
• 3D laser cutting machine segment is anticipated to grow with the highest CAGR of 5.6% during the forecast period 2018-2025.
• Asia-Pacific is expected to grow with the highest CAGR of 4.1% during the forecast period.
ASIA-PACIFIC FIBER LASER CUTTING MACHINE MARKET SIZE BY COUNTRY, 2017-2025
Some key market players are Trumpf, Bystronic, Han’S Laser, Amada, Mazak, Penta-Chutian, LVD, Koike, DMG MORI, Coherent, Lead Laser, IPG Photonics, Tanaka, Mitsubishi Electric, Prima Power, Tianqi Laser, Golden Laser, Unity Prima, Cincinnati, HE Laser, Tianhong Laser, HG Laser, and Boye Laser.