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Global Laser Cutting Machines Market to reach USD 11.61 billion by the end of 2030

Global Laser Cutting Machines Market Size study & Forecast, by Technology (Solid-State lasers, Gas Lasers, and Semiconductor Laser), by Process (Fusion Cutting, Flame Cutting, and Sublimation Cutting), by End User (Automotive, Consumer Electronics, Defense and Aerospace, Industrial, and Others) and Regional Analysis, 2023-2030

Product Code: OIRIME-66303513
Publish Date: 20-07-2023
Page: 200

Global Laser Cutting Machines Market is valued at approximately USD 5.7 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2023-2030. Laser cutting machines are devices that utilize laser technology to precisely cut various materials, such as metal, wood, plastic, or fabric, with high accuracy and speed. The Laser Cutting Machines Market is expanding because of factors such as increasing demand for automobiles and growing adoption of laser technology. Moreover, the automotive industry’s growing demand significantly influences the laser cutting machine market. Laser cutting machines play a vital role in the automotive sector, being extensively utilized for cutting, welding, and marking different parts and components such as body panels and engine parts. Its importance has progressively increased during the forecast year of 2023-2030.

According to Statista in 2023, There was a continuous growth in global annual car sales, and in 2022, the total number of cars sold reached around 67.2 million vehicles, reflecting an increase compared to the sales of approximately 66.7 million units in 2021. This indicates a positive trend in the global automotive market. The increased adoption of laser technology in manufacturing processes, such as automotive, aerospace, electronics, and medical devices, has fueled the demand for laser cutting machines. According to Statista in 2021, the global market for lasers experienced continuous growth, and it was projected that sales would exceed USD 18 billion. In the year 2020, the global sales of lasers amounted to USD 16 billion. These figures indicate a positive trend and significant market expansion in the global laser industry. In addition, expansion of the electronics industry and advancements in fiber laser technology would create a lucrative growth opportunity. However, the high cost of laser cutting machines and technological constraints stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Laser Cutting Machines Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market during the forecast period owing to the growing automotive production in the region is fueling the demand for laser cutting machines, particularly due to the need for precision cutting in industries such as automotive, aerospace, and electronics. The Asia-Pacific region is the fastest growing region during the forecast period owing to the factors such as increasing demand for highly precise and efficient manufacturing processes across various industries, including automotive, aerospace, electronics, and medical devices. This demand is driving the need for advanced technologies such as laser cutting machines that can deliver high precision and efficiency in the manufacturing processes of these industries.

Major market player included in this report are:
Amada Weld Tech Co., Ltd.
Monport Tech Inc.
Bystronic Inc.
Coherent Inc.
Epilog Lasers Inc.
Yamazaki Mazak corporation
Jenoptik Laser GmbH
Rofin-Sinar Technologies Inc.
Trumpf Laser GmbH + Co. Kg
Avid Identification Systems, Inc.

Recent Developments in the Market:
Ø In April 2022, Monport Tech Inc. introduced the Monfort laser, a laser machine renowned for its exceptional customer service, affordability, and high-quality output. Prior to its launch, the expert laser engraving machine successfully engraved numerous valuable materials, showcasing its reliability and efficiency.

Ø In April 2022, Bystronic Inc collaborated with Nano Lock Security to create security solutions specifically designed for sheet and tube metal cutting, bending, and automation systems. These technological advancements aim to address various unresolved challenges in downstream industries. Consequently, the increased demand for laser cutting machines is expected, driving market growth in the foreseeable future.

Ø In April 2022, Yamazaki Mazak corporation introduced the FG-220, a cutting machine designed to provide precise cutting of various structural materials such as round, square, rectangular, and open profiles. This innovation offered several benefits, including shorter setup time, reduced lead time, decreased operator requirements, and minimized floor space requirements.

Global Laser Cutting Machines Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, Process, End-User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Solid-State lasers
Gas Lasers
Semiconductor Laser

By Process:
Fusion Cutting
Flame Cutting
Sublimation Cutting

By End-User:
Consumer Electronics
Defense and Aerospace

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Laser Cutting Machines Market, by Region, 2020-2030 (USD Billion)
1.2.2. Laser Cutting Machines Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Laser Cutting Machines Market, by Process, 2020-2030 (USD Billion)
1.2.4. Laser Cutting Machines Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Laser Cutting Machines Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Laser Cutting Machines Market Dynamics
3.1. Laser Cutting Machines Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for automobiles Growing adoption of laser technology.
3.1.2. Market Challenges High Cost of Laser Cutting Machines Technological constraints
3.1.3. Market Opportunities Expansion of the electronics industry Advancements in fiber laser technology
Chapter 4. Global Laser Cutting Machines Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Laser Cutting Machines Market, by Technology
5.1. Market Snapshot
5.2. Global Laser Cutting Machines Market by Technology , Performance – Potential Analysis
5.3. Global Laser Cutting Machines Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Laser Cutting Machines Market, Sub Segment Analysis
5.4.1. Solid-State lasers
5.4.2. Gas Lasers
5.4.3. Semiconductor Laser
Chapter 6. Global Laser Cutting Machines Market, by Process
6.1. Market Snapshot
6.2. Global Laser Cutting Machines Market by Process, Performance – Potential Analysis
6.3. Global Laser Cutting Machines Market Estimates & Forecasts by Process 2020-2030 (USD Billion)
6.4. Laser Cutting Machines Market, Sub Segment Analysis
6.4.1. Fusion Cutting
6.4.2. Flame Cutting
6.4.3. Sublimation Cutting
Chapter 7. Global Laser Cutting Machines Market, by End-User
7.1. Market Snapshot
7.2. Global Laser Cutting Machines Market by End-User, Performance – Potential Analysis
7.3. Global Laser Cutting Machines Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
7.4. Laser Cutting Machines Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Consumer Electronics
7.4.3. Defense and Aerospace
7.4.4. Industrial
7.4.5. Others
Chapter 8. Global Laser Cutting Machines Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Laser Cutting Machines Market, Regional Market Snapshot
8.4. North America Laser Cutting Machines Market
8.4.1. U.S. Laser Cutting Machines Market Technology breakdown estimates & forecasts, 2020-2030 Process breakdown estimates & forecasts, 2020-2030 End-User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Laser Cutting Machines Market
8.5. Europe Laser Cutting Machines Market Snapshot
8.5.1. U.K. Laser Cutting Machines Market
8.5.2. Germany Laser Cutting Machines Market
8.5.3. France Laser Cutting Machines Market
8.5.4. Spain Laser Cutting Machines Market
8.5.5. Italy Laser Cutting Machines Market
8.5.6. Rest of Europe Laser Cutting Machines Market
8.6. Asia-Pacific Laser Cutting Machines Market Snapshot
8.6.1. China Laser Cutting Machines Market
8.6.2. India Laser Cutting Machines Market
8.6.3. Japan Laser Cutting Machines Market
8.6.4. Australia Laser Cutting Machines Market
8.6.5. South Korea Laser Cutting Machines Market
8.6.6. Rest of Asia Pacific Laser Cutting Machines Market
8.7. Latin America Laser Cutting Machines Market Snapshot
8.7.1. Brazil Laser Cutting Machines Market
8.7.2. Mexico Laser Cutting Machines Market
8.8. Middle East & Africa Laser Cutting Machines Market
8.8.1. Saudi Arabia Laser Cutting Machines Market
8.8.2. South Africa Laser Cutting Machines Market
8.8.3. Rest of Middle East & Africa Laser Cutting Machines Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Amada Weld Tech Co. Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Monport Tech Inc.
9.3.3. Bystronic Inc.
9.3.4. Coherent Inc.
9.3.5. Epilog Lasers Inc.
9.3.6. Yamazaki Mazak corporation
9.3.7. Jenoptik Laser GmbH
9.3.8. Rofin-Sinar Technologies Inc.
9.3.9. Trumpf Laser GmbH + Co. Kg
9.3.10. Avid Identification Systems, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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