Laser Cutting Machine 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. Laser cutting, simply put, is a technology that uses lasers like fiber, solid-state, and carbon dioxide to cut materials. It can cut materials from plastic to steel with absolute precision. This is a vital manufacturing tool that is needed by industries for manufacturing components having complex geometry. Laser cutting machines have wide applications in defense and aerospace, consumer electronics, industrial, automotive, and others.
Laser engraving machines have revolutionized the art of etching designs onto various surfaces with unparalleled precision and speed. Their ability to turn digital designs into tangible, intricate patterns has ignited a creative spark in industries ranging from jewelry making to industrial manufacturing.
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 (2022 - 2030). The COVID-19 pandemic and its implications on the industry are explained in high detail.
Growing Demand for Customization:
The need for customized products and parts in various industries has led to an increased demand for laser cutting machines, which enable quick and cost-effective production of unique designs.
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Key Players
- 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.
Key Factors Driving the Market:
- Advantages of Laser Cutting: Laser cutting offers several advantages over traditional cutting methods, such as higher precision, faster cutting speeds, reduced material wastage, and the ability to cut a wide range of materials, including metals, plastics, wood, and composites.
- Automation and Industry 4.0: The increasing trend of automation and the integration of Industry 4.0 principles have driven the adoption of laser cutting machines. These machines can be easily integrated into automated production lines, offering greater efficiency and productivity.
- Advancements in Laser Technology: Technological advancements in laser sources, such as fiber lasers and CO2 lasers, have led to improved cutting capabilities, higher power outputs, and greater energy efficiency, further boosting the market growth.
- Expanding Industrial Applications: Laser cutting machines are finding applications in a wide range of industries beyond traditional metal cutting. Industries such as textiles, packaging, and electronics are increasingly adopting laser cutting technology.
How Laser Engraving Machines Operate:
At the core of a laser engraving machine lies a powerful laser beam. This beam is directed onto the material's surface through a series of mirrors and lenses. The focused energy of the laser beam vaporizes or melts the material, creating intricate patterns with astonishing accuracy.
Diverse Applications of Laser Engraving:
The versatility of laser engraving machines is astounding. In the world of manufacturing, they're employed to mark serial numbers and logos on products, ensuring authenticity and traceability. Artisans and designers use them to embellish jewelry, personalize gifts, and craft intricate patterns on various surfaces.
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.
Industry News
MVD has launched the iLaser fiber laser cutting system with machine speeds ranging between 150,000 mm/min. to 220,000 mm/min. It can accelerate automation efforts of manufacturing companies by possessing the capacity of cutting through thick materials.
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