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Laser Processing Equipment Market Share

Report ID: GMI8470
Published Date: Mar 2024
Report Format: PDF

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Laser Processing Equipment Market Share

Global Company Market Share Analysis, 2023

In 2023, dominant market players including Concept Laser, Control Micro Systems, Epilog Laser, Eurolaser, and Hanslaser collectively held a substantial 10%-15% market share. The market is highly fragmented. These industry leaders are actively engaged in strategic initiatives, such as mergers & acquisitions, facility expansions, and partnerships, to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.

Laser Processing Equipment Market Companies

Major companies operating in the laser processing equipment industry include:

Concept Laser
Control Micro Systems
Epilog Laser
eurolaser
Hanslaser
Hgtech
IPG Photonics Corporation
Jenoptik
Laser Systems
Lumentum
Newport Corporation
Rofin-Sinar Technologies
TRUMPF
Universal Laser Systems
Vermont

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of laser processing equipment reached USD 22 billion in 2023 and is set to witness 9% CAGR through 2032, propelled by the integration of Industry 4.0 technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and automation.

The fiber lasers segment accounted for USD 11 billion in 2023, as it offers high efficiency, converting a larger proportion of input energy into usable laser energy.

North America market generated around USD 7 billion revenue in 2023, backed by the advancements in laser technology and equipment, along with increasing usage for various applications including cutting, welding, marking, engraving, and surface treatment.

Concept Laser, Control Micro Systems, Epilog Laser, eurolaser, Hanslaser, Hgtech, IPG Photonics Corporation, Jenoptik, Laser Systems, Lumentum, Newport Corporation, Rofin-Sinar Technologies, TRUMPF, Universal Laser Systems, and Vermont.