Pune, India, Sep 2022, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global CNC Fiber Laser Market.
Asia-Pacific is expected to witness the highest demand for CNC Fiber Laser from 2021 to 2027, primarily due to the rising product demand from leading manufacturing countries such as China, India, and Japan for industrial parts and automotive parts. Furthermore, the region is home to the largest manufacturing industry for machine tools, automotive, electronics, and consumer products. Additionally, the expansion of the automotive industry in the region is likely to propel the demand for CNC routers for boosting the quality of production of industrial parts and automotive parts over the study period.
The CNC Fiber Laser market in the region has a vast potential for growth in the future. Growing investments in the aviation, automotive, and food processing, furniture industries and the presence of major market players drive the demand for CNC Fiber Laser/Laser in this region..
Increasing expenditure on research and development by European players is expected to play a crucial role in the market's growth in this region. Moreover, the increasing renovation of existing infrastructure is expected to boost the growth of the market. The major CNC Fiber Laser/Laser manufacturing companies such as Biesse Group, Anderson Europe, and Exel CNC Ltd. are focusing on research and development of CNC Fiber Laser/Laser to improve the efficiency of CNC Fiber Laser/Laser.
Saudi Arabia, the UAE, Iran, South Africa, and Nigeria are the major contributors to the CNC Fiber Laser/Laser market in the Middle East & Africa. The massive growth in the construction and automobile sectors is expected to fuel the demand for CNC Fiber Laser/Laser. Moreover, increased manufacturing activities in the region are also fueling the growth of the CNC routers market. For instance, the African Union has put the manufacturing industry at the center of its Agenda 2063.
Global CNC Fiber Laser Market Share, by Region, 2021 (%)
Source: MRFR Analysis
Covid Impact Analysis
COVID-19 is creating economic hardships for enterprises, consumers, and commodity manufacturers across the globe. While several companies have maintained continuity due to their plans meant initially for natural disasters, the other manufacturers face the threat of bankruptcy due to the declining demand from consumers, debt obligations, and declining production and revenues. Many manufacturers are implementing cross-industry manufacturing of medical and healthcare equipment to sustain the production and overall turnover of the manufacturing unit. The worst-hit industries include oil & gas, coal products, textile, metal, and machinery.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of CNC Fiber Laser Market Research Report
Some of the prominent players operating in the global CNC Fiber Laser Market include Mcmillanco, LLC, Zinser Gmbh, Accurl, GMT Engineers Private Limited., Precision Waterjet & Laser, HPC Laser Ltd., CTR Lasers, Mantech Machinery Ltd., HGLaser engineering co. Ltd, Yamazaki Mazak Corporation, Mitsubishi Electric Corporation, Messer Cutting Systems Gmbh, Bodor, and Multicam Inc.