Executive Summary

The global laser cutting machines market is expected to reach USD 6.5 billion by 2028, growing at a CAGR of 5.2% from 2021 to 2028. The increasing demand for precision cutting across various industries, coupled with the growing adoption of automation and robotics in manufacturing processes, is driving the growth of the laser cutting machines market. The market is characterized by the presence of several global and regional players, offering a range of laser cutting machines to cater to the diverse needs of customers.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global laser cutting machines market is expected to grow at a CAGR of 5.2% from 2021 to 2028.
• The growing demand for precision cutting across various industries is driving the market growth.
• The market is characterized by the presence of several global and regional players, offering a range of laser cutting machines to cater to the diverse needs of customers.
• North America and Europe are the largest markets for laser cutting machines, followed by Asia-Pacific.
• CO2 laser cutting machines are the most commonly used type of laser cutting machines, followed by fiber laser cutting machines.
• The automotive industry is the largest end-user of laser cutting machines, followed by the aerospace industry.

Market Drivers

1. Increasing demand for precision cutting The growing demand for precision cutting across various industries, such as automotive, aerospace, and electronics, is driving the growth of the laser cutting machines market. Laser cutting machines offer high precision cutting with minimal wastage, making them an ideal choice for industries that require high accuracy.
2. Growing adoption of automation and robotics in manufacturing processes The increasing adoption of automation and robotics in manufacturing processes is driving the demand for laser cutting machines. Laser cutting machines can be integrated with automation and robotics to enable high-speed and high-precision cutting, improving the efficiency and productivity of manufacturing processes.
3. Advancements in laser technology The advancements in laser technology, such as the development of fiber lasers, are driving the growth of the laser cutting machines market. Fiber lasers offer several advantages over traditional CO2 lasers, such as higher efficiency, lower maintenance costs, and longer lifespan, making them a preferred choice for various industrial applications.

Market Restraints

1. High initial investment cost The high initial investment cost of laser cutting machines is a major restraint for the market growth. Laser cutting machines are expensive, and their maintenance and operation costs are also high, making them less accessible to small and medium-sized enterprises.
2. Health and safety concerns The use of lasers in industrial applications raises health and safety concerns, as lasers can cause eye and skin damage. This is a major restraint for the adoption of laser cutting machines, as industries need to comply with safety regulations to ensure the safety of workers.

Market Opportunities

1. Growing demand from emerging economies The growing demand for laser cutting machines from emerging economies, such as India, China, and Brazil, presents significant growth opportunities for the market players. The increasing industrialization and infrastructure development in these countries are driving the demand for laser cutting machines, creating opportunities for market players to expand their presence in these markets.

2. Increasing adoption of 3D printing The increasing adoption of 3D printing is creating opportunities for the laser cutting machines market. Laser cutting machines can be used for cutting and shaping the materials used in 3D printing, enabling high precision and accuracy in the production of 3D printed objects.

Market Dynamics

The global laser cutting machines market is highly competitive, with the presence of several global and regional players. The market is characterized by continuous innovations and developments, as players strive to offer advanced and efficient laser cutting machines to cater to the evolving needs of customers. The market is also driven by the increasing demand for precision cutting across various industries, coupled with the growing adoption of automation and robotics in manufacturing processes.

Regional Analysis

North America and Europe are the largest markets for laser cutting machines, owing to the presence of several established players and the high demand for precision cutting in various industries. The Asia-Pacific region is expected to witness significant growth in the coming years, driven by the increasing adoption of laser cutting machines in emerging economies, such as India and China.

Competitive Landscape

Leading companies in the Laser Cutting Machines Market:

1. Trumpf GmbH + Co. KG
2. Amada Co., Ltd.
3. Bystronic Laser AG
4. Mazak Corporation
5. Han’s Laser Technology Industry Group Co., Ltd.
6. Coherent, Inc.
7. Prima Industrie S.p.A.
8. Universal Laser Systems, Inc.
9. Jinan Bodor CNC Machine Co., Ltd.
10. Epilog Laser

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global laser cutting machines market is segmented based on technology, application, and region.

By Technology:

• CO2 Laser Cutting Machines
• Fiber Laser Cutting Machines
• Others

By Application:

• Automotive
• Aerospace
• Electronics
• Industrial Machinery
• Others

Category-wise Insights

CO2 laser cutting machines are the most commonly used type of laser cutting machines, owing to their versatility and cost-effectiveness. However, fiber laser cutting machines are rapidly gaining popularity, owing to their higher efficiency and lower maintenance costs. The automotive industry is the largest end-user of laser cutting machines, owing to the high demand for precision cutting in the production of automotive parts.

Key Benefits for Industry Participants and Stakeholders

• High precision and accuracy in cutting
• Improved efficiency and productivity of manufacturing processes
• Reduced wastage of materials
• Wide range of applications across various industries
• Integration with automation and robotics for high-speed cutting

SWOT Analysis

Strengths:

• High precision and accuracy in cutting
• Wide range of applications across various industries
• Integration with automation and robotics for high-speed cutting

Weaknesses:

• High initial investment cost
• Health and safety concerns associated with the use of lasers

Opportunities:

• Growing demand from emerging economies
• Increasing adoption of 3D printing

Threats:

• Intense competition from established players
• Emergence of alternative cutting technologies

Market Key Trends

1. Growing adoption of fiber laser cutting machines Fiber laser cutting machines are rapidly gaining popularity, owing to their higher efficiency and lower maintenance costs compared to traditional CO2 laser cutting machines.
2. Integration with automation and robotics The integration of laser cutting machines with automation and robotics is becoming increasingly common, as industries seek to improve the efficiency and productivity of manufacturing processes.

Covid-19 Impact

The Covid-19 pandemic has had a mixed impact on the laser cutting machines market. On one hand, the pandemic has disrupted supply chains and manufacturing processes, leading to a slowdown in demand for laser cutting machines. On the other hand, the pandemic has also led to increased demand for precision cutting in industries such as healthcare and electronics, creating opportunities for the laser cutting machines market. The pandemic has also accelerated the adoption of automation and robotics in manufacturing processes, driving the demand for laser cutting machines.

Key Industry Developments

• In January 2021, Trumpf launched a new laser cutting machine, the TruLaser 5030 fiber, which offers high-speed and high-precision cutting for various materials.
• In October 2020, Amada launched a new fiber laser cutting machine, the ENSIS-3015AJ, which offers high-speed and high-precision cutting with reduced energy consumption.
• In May 2020, Bystronic launched a new laser cutting machine, the ByStar Fiber, which offers high-speed cutting with reduced energy consumption and increased efficiency.

Analyst Suggestions

• Focus on product innovation and development to offer advanced and efficient laser cutting machines to cater to the evolving needs of customers.
• Expand market presence by entering emerging markets and establishing strategic partnerships and collaborations.
• Adopt sustainable and eco-friendly manufacturing practices to reduce the environmental impact of laser cutting machines.

Future Outlook

The global laser cutting machines market is expected to witness significant growth in the coming years, driven by the increasing demand for precision cutting across various industries and the growing adoption of automation and robotics in manufacturing processes. The market is expected to witness a shift towards fiber laser cutting machines, owing to their higher efficiency and lower maintenance costs. The Asia-Pacific region is expected to emerge as a key market for laser cutting machines, driven by the increasing industrialization and infrastructure development in emerging economies. However, the market is also expected to face challenges from alternative cutting technologies and the high initial investment cost of laser cutting machines.

Conclusion

The global laser cutting machines market is witnessing steady growth, driven by the increasing demand for precision cutting across various industries and the growing adoption of automation and robotics in manufacturing processes. The market is characterized by the presence of several global and regional players, offering a range of laser cutting machines to cater to the diverse needs of customers. The market is expected to witness significant growth in the coming years, with a shift towards fiber laser cutting machines and the emergence of Asia-Pacific as a key market. The industry participants and stakeholders need to focus on product innovation, market expansion, and sustainable manufacturing practices to stay competitive in the market.