CNC Fiber Laser Market, Size, Share, Analysis, Demand, and Growth with a CAGR of 7.1% by 2030
Nov 25, 2022
The CNC Fiber Laser Market demonstrates significant growth potential in the next decade. A number of benefits that CNC fiber laser machines offer, including electrical efficiency and fewer moving parts, would support the market growth. According to Market Research Future (MRFR), the global CNC fiber laser market will garner USD 2,546.6 MN by 2030, registering a 7.1 % CAGR throughout the review period (2022-2030).
Highly efficient CNC fiber lasers need far less power consumption; they are air-cooled and require little to no maintenance. These machines are essentially plug-and-play, requiring only power, velocity, and frequency. Also, these machines take minimal time to set up, as they don’t need ongoing alignment or adjustment of optics. With technological advances, CNC fiber laser machines have become easier & safer to use and more flexible & affordable.
Rapidly growing tool manufacturing sectors and heavy industries worldwide are embracing Industry 4.0, which as a result, drives the CNC fiber laser adoption. Moreover, the widely growing adoption of automation in manufacturing sectors worldwide creates vast market demand. Additionally, the rising pressure among manufacturers to boost production and reduce time, manual labor, and operational costs boosts the sales of CNC fiber lasers.
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CNC Fiber Laser Market- Major Players
Active market players are-
- ZINSER GMBH
- Precision Waterjet & Laser
- HPC Laser Ltd.
- GMT Engineers Private Limited.
- Mantech Machinery Ltd.
- Hglaser Engineering Co. Ltd.
- CTR Lasers
- YAMAZAKI MAZAK Corporation
- MITSUBISHI Electric Corporation
- Messer Cutting Systems GMBH
- Multicam Inc.
CNC Fiber Laser Market – Segmentations
The CNC fiber laser market is segmented into product, type, application, end-user, and region. The type segment is sub-segmented into stationary gantry and movable gantry. The product segment is sub-segmented into CNC CO2 laser cutters, CNC fiber laser cutters, and CNC crystal laser cutters. The application segment is sub-segmented into woodwork, stonework, metalwork, and others.
The end-user segment is sub-segmented into building & construction, consumer electronics, automotive, medical, energy & power, aerospace & defense, transportation, furniture, and others. The region segment is sub-segmented into the Asia-Pacific, Americas, MEA, Europe, and rest-of-the-world.
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Global CNC Fiber Laser Market – Geographical Analysis
The Asia Pacific region is the largest market for CNC fiber laser machines. The ample raw material advantage and availability of cost-competitive workforces, alongside the rapid industrialization across the region, escalate the market value. Besides, rising automation in manufacturing sectors worldwide drives the demand for CNC fiber laser machines.
At the same time, the European region demonstrates significant growth opportunities for CNC fiber laser machines. The increasing adoption of advanced technology in manufacturing sectors and the well-established automotive industry increase the market size. Leading automaker such as Audi, BMW, and Volvo have automated their manufacturing units with CNC fiber laser machines to boost production capacities.
CNC Fiber Laser Market – Competitive Landscape
Fiercely competitive, the CNC fiber laser market appears fragmented, with various notable players forming a competitive landscape. These players increasingly focus on product development and incorporate strategic approaches, such as collaboration, mergers & acquisitions, expansion, and product launches, to gain a larger competitive share. They make substantial investments to drive R&D to develop required technologies and expand.
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Industry/ Innovation/ Related News
Nov.07, 2022 — Squickmon’s Engineering & Automation announced that it is planning to open a new production facility in Aberdeen, NC, by 2023. Squickmon’s manufactures CNC plasma tables for light to heavy industries and home/personal use. With the widening customer base and growing burn table offerings, expanding its manufacturing space has become crucial for the company.
The new manufacturing facility spans over 70,000 sq/feet, and it will position Squickmon’s as the largest CNC plasma and press brake manufacturer by 2028. The company’s primary focus will be on manufacturing press brakes and fiber lasers. Opening a location on the East Coast will make its equipment more accessible to more businesses and individuals.
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