Laser Cutting Machines Market Size was valued at USD 2.88 billion in 2021. The Laser Cutting Machines Market is projected to grow from USD 3.13 Billion in 2022 to USD 5.96 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.40% during the forecast period (2024 - 2030). Growth in demand for automobiles and New Product launches and R&D amongst major Key players are driving the market growth.
 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The laser cutting machine market is a rapidly growing industry, and one of the key opportunities for growth is the launch of new products and research and development (R&D) efforts by major key players. Companies that invest in R&D to improve laser cutting machine technology can gain a competitive edge over their competitors, particularly by offering products with higher efficiency, accuracy, and versatility. New product launches can help key players expand their product portfolios, target new markets, and meet evolving customer needs. For instance, companies may introduce CNC laser cutters machines with higher power, faster processing speeds, or more advanced features that cater to specific industries or applications. Furthermore, R&D efforts can lead to innovative breakthroughs that could revolutionize the industry, such as the development of new laser sources or novel cutting methods. Key players that invest in R&D can stay ahead of the competition and create long-term value for their customers. Moreover, the increasing demand for automobiles has a significant impact on the laser cutting machine market. Laser cutting machines are widely used in the automobile industry for cutting, welding, and marking various parts and components, including body panels, engine components, and chassis parts. As the demand for automobiles increases, the demand for laser cutting machines also increases. The automotive industry's growing need for precision and accuracy in the manufacturing process makes laser cutting machines an indispensable tool. The machines are highly efficient and accurate, allowing manufacturers to produce high-quality parts at a faster pace, which helps meet the rising demand that will boost the Laser Cutting Machines Market over the forecast period.
The Laser Cutting Machines Market segmentation is bifurcated into Solid State Lasers, Gas Lasers, and Semiconductor Lasers. The Solid-State Lasers segment held the majority share in 2021, contributing to significant percentage respect to the Laser Cutting Machines Market revenue. Solid state lasers are lasers that use a solid material as the lasing medium, such as a crystal or glass doped with rare earth ions. These lasers can produce high-power, high-energy laser beams with excellent beam quality and stability. They are widely used in a variety of applications, including material processing, medical treatments, scientific research, and telecommunications. Solid state lasers can be operated in both pulsed and continuous wave modes, and their output wavelength can be tuned by adjusting the doping of the lasing medium. They offer a high degree of reliability and efficiency, making them a popular choice for many industrial and scientific applications. Gas lasers are a type of laser cutters that use a gas-filled tube as the lasing medium. The gas mixture is excited by an electrical discharge, which causes the gas atoms to emit photons of light. The photons are reflected and forth between two mirrors at the ends of the tube, creating a beam of coherent light that emerges through one of the mirrors. Semiconductor lasers are compact and efficient devices that emit light through the process of stimulated emission in a semiconductor material. They are widely used in optical communication, optical storage, and various sensing applications. The laser action is achieved by injecting electrical current into a p-n junction or a quantum well structure, which results in the creation of a population inversion of electrons and holes in the active region.
April 2022: Mazak Optonics Corp. has announced the next gen laser-cutting machine known as Optiplex 3015 Neo 15kw. The 2D fibre laser-cutting system is for controlling the beam shape and beam diameter. It will adjust the beam diameter to cut various materials and change the body. The company proved to improve cut speed and quality for multiple materials.
Figure 2: Laser Cutting Machines Market, by Technology, 2024 & 2030
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Laser Cutting Machines Market segmentation, based on Process, includes Flame Cutting, Fusion Cutting, and Sublimation. Â Flame cutting is a process used in laser cutting machines that involves the use of a gas flame to heat the material being cut. The heated material is then rapidly oxidized, which creates a kerf in the material. This process is useful for cutting thicker materials that may be difficult to cut using only the laser beam. However, it can also produce a rougher cut edge compared to the precision of laser cutting. Fusion cutting uses a high-powered laser beam to melt and vaporize the material being cut. The laser beam is focused on a small area, creating a narrow and precise cut. As the material is heated, the laser beam penetrates deeper into the material, creating a cut with high-quality edges and minimal thermal distortion. Sublimation is the process by which a solid material is converted directly into a gas without going through a liquid phase. In laser cutter machines, sublimation is used to vaporize the material being cut. The laser beam heats up the surface of the material, causing it to sublimate and create a small crater or groove. As the laser moves across the material, the sublimated material is removed, and the cut is made. Sublimation is particularly useful for cutting materials that are difficult to melt or for creating intricate cuts with high precision. Hence, the rising demand for various processes for Laser Cutting Machines positively impacts market growth.
April 2022:Â Monport Tech Inc. has declared the opening of Monfort laser. It is good Quality and affordable laser machine with first-class customer service. Earlier, a specialist laser engraving machine engraved thousands of expensive materials.
January 2020: Trumph has acquired a minority stake in GLOphotonics, a laser technology startup headquartered in France.
The Laser Cutting Machines Market segmentation, based on End User, includes Automotive, Consumer Electronics, Defense & Aerospace, Industrial, and Others. The Automotive segment held the highest share in 2021, contributing to significant percentage respect to the Laser Cutting Machines Market revenue. Laser cutting machines are widely used in the automotive industry for manufacturing various components and parts. They offer high precision, speed, and flexibility in cutting and shaping metals and other materials, allowing to produce complex and intricate parts with tight tolerances. Laser cutting machines are used to cut and shape various metals, such as steel, aluminum, and titanium, into parts such as engine parts, body panels, exhaust systems, and more. The ability to produce high-quality parts quickly and accurately has made laser cutting an essential tool in the automotive industry, helping to reduce production costs, increase efficiency, and improve the overall quality of automotive products. Laser cutting machines have a range of applications in the Consumer Electronics industry. They can be used to cut and shape metal, plastic, and other materials for manufacturing components and products such as smartphones, laptops, and home appliances. Laser cutting machines can offer high precision, speed, and flexibility in manufacturing, enabling the production of intricate designs and shapes with minimal waste.
By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest market share in 2021. It is expected to register significant growth during the forecast period. The laser cutting machines market in North America is a growing industry that includes the manufacturing, sale, and distribution of laser cutting equipment used in a variety of applications. The market is driven by increasing demand for precision cutting in industries such as automotive, aerospace, and electronics. The adoption of automation technologies and the trend towards Industry 4.0 is also driving the growth of the market. Key players in the market include Bystronic, TRUMPF, Amada, and Coherent. The market is expected to continue to grow in the coming years, driven by increasing demand for high-quality, precise, and efficient manufacturing technologies.
The Asia-Pacific region is expected to witness the highest growth in the laser market. The laser cutting machines market in Asia-Pacific is experiencing rapid growth due to the increasing demand for high-precision and efficient manufacturing processes in various industries, such as automotive, aerospace, electronics, and medical devices. The region has a large and growing manufacturing industry, and laser cutting machines offer a reliable and cost-effective solution for complex metal cutting and shaping. China, Japan, South Korea, and India are the major markets for laser cutting machines in the region, with the automotive and aerospace industries being the primary drivers of demand. Also, the laser cutting machines market in Europe is a highly competitive and rapidly growing industry that is driven by the increasing demand for precision manufacturing across various sectors, including automotive, aerospace, and healthcare. Europe is a key market for laser cutting machines due to the region's well-established manufacturing industry, technological advancements, and supportive government policies.
The Cutting, the Germany Laser Cutting Machines Market held a significant market share, and the UK Laser Cutting Machines Market was the fastest-growing market in the European region.
Figure 3: Laser Cutting Machines Market Share by Region 2021 & 2030 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the major countries studied are the U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Laser Cutting Machines Market grow even more. Market participants are also expanding their global footprint through a variety of strategic activities such as new product releases, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other companies. Laser Cutting Machines’ competitors must offer cost-effective things in order to flourish and thrive in an increasingly competitive and rising market climate.
One of the primary business strategies adopted by manufacturers in the Laser Cutting Machines industry to benefit clients and expand the Laser Cutting Machines Market sector is to manufacture locally to reduce operating costs.
August 2019:Â The T16/T25 Series Fiber Laser Tube Cutting Machine, a highly adaptable and stable laser tube cutting machine, was introduced by Han's Laser Smart Equipment Group Co., Ltd. It is anticipated that this machine will greatly boost productivity for small and medium businesses.
May 2019: Bystronic Laser AG introduced the ByStar Fiber 12kW, a fibre laser cutting equipment capable of high-quality cutting on a variety of materials.
| Report Attribute/Metric | Details |
| Market Size 2021 | USD 2.88 billion |
| Market Size 2022 | USD 3.13 billion |
| Market Size 2030 | USD 5.96 billion |
| Compound Annual Growth Rate (CAGR) | 8.40% (2024-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2030 |
| Historical Data | 2018 & 2023 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Process, End User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Coherent, Inc, Jenoptik Laser GmbH, Bystronic Incorporated, Epilog Laser Inc., IPG Photonics Corporation, Trumpf GMBH, Amada Miyachi Inc, MKS Instruments, LancerFab Tech Pvt. Ltd, Jiangsu Dajin Laser Science and Technology Co.,Ltd, Alpha Laser, Xenetech, Universal Laser Systems, Trotec Lasers, and Han’s Laser Smart Equipment Group Co., Ltd |
| Key Market Opportunities | New Product launches and R&D amongst major Key players |
| Key Market Dynamics | ·        Increasing demand for automobiles |
Laser Cutting Machines Market Highlights:
Frequently Asked Questions (FAQ) :
The Laser Cutting Machines Market crossed a valuation of USD 2.88 billion in 2021.
The U.S Laser Cutting Machines Market is valued at USD 427.96 million in 2021.
An 8.40% CAGR is the growth rate of the Laser Cutting Machines Market.
The North America region held the largest market share in the Laser Cutting Machines Market.
Companies such as Coherent, Inc, Jenoptik Laser GmbH, Bystronic Incorporated, Epilog Laser Inc., IPG Photonics Corporation are the key players in the Laser Cutting Machines Market.
Solid state lasers are the major technology type that led the Laser Cutting Machines Market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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