Global Laser Cutting Machines Market Demand Driven by Application in Manufacture of Respirators during COVID-19 Pandemic
Research Reports
Sep 06, 2023
Market overview
The laser cutting machines market size is anticipated to develop at a 8.40% CAGR between 2022 – 2030), as per the current Market Research Future (MRFR) analysis. Huge demand for automobiles and consumer electronic products can drive the market growth. Laser cutting is used majorly at workshops and manufacturing plants for various industries for giving more output in less amount of time. Automation of laser cutting is likely to spur the market demand significantly.
Laser cutting machines are used in slicing materials and controlled by CNC and laser optics. Increasing automation and demand for swiftness and agility in processes can drive the inclusion of these machines in major industries. The global laser cutting machines market report by Market Research Future (MRFR) contains vital factors such as drivers, restraints, opportunities, and trends for the forecast period (2020-2027). The COVID-19 pandemic and its implications on the industry are explained in high detail.
The COVID-19 pandemic had halted the production of laser cutting machines and output of various manufacturing units. But the development of domestically developed lasers for manufacturing home-grown equipment such as metal sheets and respirators helped sustain the market.
Competitive Scope
prominent players of the global laser cutting machines market include
- Bystronic Incorporated
- Epilog Laser Inc.
- Jiangsu Dajin Laser Science and Technology Co., Ltd.
- Amada Miyachi Inc
- Jenoptik Laser GmbH
- LancerFab Tech Pvt. Ltd
- IPG Photonics Corporation
- Trumpf GMBH
- Han’s Laser Smart Equipment Group Co., Ltd.
- MKS Instruments
- Universal Laser Systems
- Alpha Laser
- Trotec Lasers
- Xenetech
- Coherent Inc
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Drivers:
Advancements in Laser Technology:
Continuous advancements in laser technology, including the development of more powerful and precise lasers, improved beam delivery systems, and faster processing speeds, were driving market growth. These advancements allowed laser cutting machines to handle a broader range of materials and thicknesses, making them more versatile.
Increased Automation:
Growing demand for automation and Industry 4.0 initiatives in manufacturing and fabrication industries drove the adoption of laser cutting machines. Automation increased production efficiency, reduced labor costs, and improved overall manufacturing processes.
Precision and Quality:
Laser cutting machines offered high precision and quality in cutting, engraving, and marking applications. Industries such as aerospace, automotive, electronics, and medical devices relied on laser cutting for intricate and precise components.
Growing Demand for Customization:
The need for customized and unique products across various industries, including signage, packaging, and fashion, fueled the demand for laser cutting machines. These machines allowed for intricate and personalized designs and patterns.
Restraints:
High Initial Costs:
The initial capital investment required for purchasing laser cutting machines, especially high-powered and advanced models, posed a significant barrier to entry for some businesses. Maintenance and operational costs also needed to be considered.
Safety Concerns:
Laser cutting machines use high-intensity lasers that can pose safety risks to operators if not properly managed. Ensuring safety compliance and providing operator training were essential but added to operational costs.
Material Limitations:
While laser cutting machines were versatile, some materials, such as reflective metals and certain plastics, posed challenges due to their reflective properties or the potential release of toxic fumes during cutting.
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Segmentation
- On the basis of technology, the market has been segmented as solid-state lasers, semi-conductor lasers, and gas lasers. Solid-state lasers can account for the largest market share.
- On the basis of process, the market has been segmented as sublimation cutting, fusion cutting, and flame cutting.
- On the basis of end user, the market has been segmented into industrial, automotive, consumer electronics, defense and aerospace, and others.
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Regional Analysis
North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions at the center of discussion in the global laser cutting machines market.
North America accounted for the lion’s share of the global market due to large sales of automobiles. Rapid industrialization and adoption of laser systems can drive overall market demand. The U.S. is the largest contributor of the region coupled with customer preferences for advanced vehicles can favor the market. Rise of automation, sales of consumer electronics, and expansion of the aerospace sector are other drivers of the regional market.
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