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Laser Cutting Machines Market Share

Report ID: GMI5934
Published Date: Apr 2024
Report Format: PDF

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Laser Cutting Machines Market Share

Global Laser Cutting Machines Company Market Share Analysis, 2023

These prominent companies are proactively involved in strategic endeavors including mergers & acquisitions, facility expansion, and partnerships to diversify their product offerings, expand their customer reach, and solidify their market position. Together, the top five mentioned companies collectively occupied around 10% to 15% of the global market share in 2023. They consistently allocate resources to research & development, enhancing their products and integrating innovative technologies to maintain a competitive edge.

Laser Cutting Machines Market Companies

Major players operating in the laser cutting machines industry include:

Amada
Bystronic
Coherent
Epilog Laser
Han's Laser
IPG Photonics
Jenoptik
LVD Company
Mazak Optonics
Mitsubishi Electric Corporation
Prima Power
Tanaka
Trotec Laser
Trumpf
Universal Laser Systems

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of laser cutting machines was reached USD 5.94 billion in 2023 and will grow at a 7.6% CAGR between 2024 and 2032, propelled by the growing demand for precision cutting across various industries, and technological advancements in laser technology.

Laser cutting machines market share from the solid state lasers segment reached USD 2.77 billion in 2023 and will achieve USD 6.02 billion by 2032 due to ongoing advancements in solid-state laser technology

North America laser cutting machines industry size recorded USD 2.04 billion in 2023, owing to the presence of robust manufacturing sector, technological innovations and adoption of advanced laser cutting systems.

Some of the leading laser cutting machine industry players include Bystronic, Coherent, Epilog Laser, Hans Laser, IPG Photonics, Jenoptik, LVD Company, Mazak Optonics, Mitsubishi Electric Corporation, Prima Power, Tanaka, Trotec Laser, Trumpf, and Universal Laser Systems among others.