Home > Industrial Machinery > Industrial Equipment > Tools > Laser Cutting Machines Market

Laser Cutting Machines Market Trends

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

Laser Cutting Machines Market Trends

Laser cutting machine manufacturers are increasingly integrating Internet of Things (IoT) capabilities into their products to enable remote monitoring, predictive maintenance, and optimization of cutting processes. Data analytics tools are being utilized to analyze cutting performance, identify inefficiencies, and optimize production workflows. Hybrid laser cutting systems, which combine laser cutting with other cutting technologies such as waterjet or plasma cutting, are gaining traction. These systems offer versatility and the ability to handle a wider range of materials and thicknesses, catering to diverse manufacturing needs.
 

Additionally, there is a growing emphasis on sustainability and energy efficiency in manufacturing processes, driving the demand for laser cutting machines that consume less energy and produce minimal waste. Manufacturers are developing eco-friendly laser cutting systems with features such as energy-saving modes and efficient material utilization. Continuous innovation in laser technology, including improvements in power output, beam quality, and cutting speeds, drives the adoption of laser cutting machines across various industries. These advancements expand the capabilities of laser cutting systems, allowing manufacturers to work with a broader range of materials and achieve higher levels of precision and productivity. As a result, the demand for laser cutting machines continues to grow, fueling the expansion of the industrial equipment market.
 

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.

Laser Cutting Machines Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 212
  • Countries covered: 23
  • Pages: 181
 Download Free Sample