The global laser cutting machine market size is anticipated to reach USD 6.72 billion until 2024. This growth can be attributed to the rising usage of these technologies for automating the industrial processes. Moreover, the rising usage of YAG (Yttrium Aluminum Garnet), CO2, and fiber lasers for cutting applications is projected to drive the demand for such machines.
The technology segment of gas is anticipated to witness fastest growth with 9.4% CAGR from 2016 to 2024 due to its increasing usage in hologram making, laser printing, and dye laser pumping. While, the solid state segment is projected to witness highest share due to increasing usage of such technologies in applications requiring low power.
To download the sample PDF Laser Cutting Machine Market Report “please” click here: https://www.millioninsights.com/industry-reports/laser-cutting-machine-market/request-sample
In 2016, the industrial application segment dominated the global market on account of the rapid growth of the industrial sector. On the other hand, the consumer electronics segment is anticipated to witness the fastest growth due to the increasing usage of such machines for carrying out activities like welding and cutting.
North America held the largest share of 31.0% in 2015 due to the surging development being carried out in the industrial sector across countries like the U.S. and Canada. While the Asia Pacific is expected to register the highest growth in the upcoming years on account of the emergence of consumer electronics and automotive sectors across countries like India and China.
The laser cutting machines market includes key players such as Alpha Laser GmbH, Bystronic Inc., Coherent Inc, Fanuc Corporation, and Jenoptik Laser GmbH. They are continuously engaged in the development and innovation of various products and technologies to widen their product reach and to gain a competitive advantage over other players.
To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/laser-cutting-machine-market
Further key findings from the report suggest:
• The process segment of flame cutting dominated the global market.
• In 2015, the industrial segment dominated the global market.
• North America accounted for an overall share of around 31.0% across the global market in 2015.
• The key players in this market are Alpha Laser GmbH, Bystronic Inc., Coherent Inc, Fanuc Corporation, and Jenoptik Laser GmbH.
Million Insights has segmented the global laser cutting machines market on the basis of technology, process, application, and region:
Laser Cutting Machines Technology Outlook (Revenue, USD Billion; 2015 – 2024)
• Solid State Lasers
• Gas Lasers
• Semiconductor Lasers
Laser Cutting Machines Process Outlook (Revenue, USD Billion; 2015 – 2024)
• Fusion Cutting
• Flame Cutting
• Sublimation Cutting
Laser Cutting Machines Application Outlook (Revenue, USD Billion; 2015 – 2024)
• Automotive
• Consumer Electronics
• Defense and Aerospace
• Industrial
• Others
Laser Cutting Machines Regional Outlook (Revenue, USD Billion; 2015 – 2024)
• North America
• Europe
• Asia Pacific
• RoW
Browse the Latest Industry Research Available with Million Insights:
• Healthcare Video Conferencing Solutions Market – The global healthcare video conferencing solutions market was prized by USD 76.97 million in 2020. It is estimated to witness 4.9% CAGR from 2021 to 2028.
• Complete Nutrition Products Market – The global complete nutrition products market was appreciated by USD 3.9 billion in 2020. It is likely to observe 6.0% CAGR from 2021 to 2028.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/laser-cutting-machine-market