Laser Cutting Machines Market: Increase In Demand For Aesthetics Worldwide

Laser Cutting Machines Market will expand at a CAGR of 10.3% by 2020. The market is predicted to reach US$4.37 billion in 2020. Laser cutting machines utilize laser beams for cutting materials, namely plastic, fabric, wood, acrylic, and several other materials which are non-metallic. The laser cutting machines are primarily utilized for improving the efficiency of work and for reduction of costs. The global laser cutting machines market is majorly stimulated by the expansion in vehicle production and increase in demand for aesthetics worldwide. The demand in appliances with high technology, namely personal computers and home entertainment systems is on the rise and laser cutting machines are utilized in the manufacturing and designing of these appliances. Additionally, the fast cutting speed as well as the enhanced quality of cutting are also among the major factors fuelling the growth of the market for laser cutting machines.

The reason for the soaring demand of this type of lasers is their broad utilization in industries such as consumer electronics, automotive, aerospace, and defense. On the basis of process, the laser cutting machines are segmented into flame cutting, fusion cutting, and sublimation cutting. Among these, the process of flame cutting led the market due to its improved quality and cutting finish as well as speed. Besides flame cutting, fusion cutting is the second most prevalent process utilized in this market.

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The global laser cutting machines market is segmented by region into North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). The laser cutting machines market is primarily driven by the rising demand for the aesthetics and growing vehicle productionglobally. The increasing demand for high technology appliances such as home entertainment systems and personal computers are rising rapidly. In order to manufacture and design these protect, there is a requirement of laser cutting machines. In addition, the rapid cutting speed and extremely precise cutting are also the factors responsible for the growth of this market.

Geographically, North America led the global laser cutting machines market in 2014 and the region is expected to continue its dominance till 2020. This region has seen significant growth in laser cutting machines due to the industrial sector. Laser cutting machines that are used for cutting industrial metals are more beneficial over plasma cutting machines as it offers more precise cutting by utilizing less energy. Asia Pacific is the second largest and fastest region growing in this market. The growth in sales of consumer electronics in this region is the prime driving factor for the increase in the usage of laser cutting machines.

This market is segmented on the basis of technology into solid state lasers, gas lasers and semiconductor lasers. Among all, solid state lasers held the highest market revenue share in 2014 and are expected to remain so during the forecast period. Demand for solid state lasers is mainly attributed due to their wide range of applications in end use industries such as automotive, consumer electronics, defense and aerospace, industrial and others. Solid state lasers are potentially high powered and extremely efficient due to a small quantum defect. Solid state lasers are closely followed by gas lasers.

The laser cutting machines is segmented by process into fusion cutting, flame cutting and sublimation cutting. This market is dominated by flame cutting process owing to high cutting speed and better cut quality. Laser flame cutting process cuts the thick plates such as mild steel at a very high speed as compared to other processes. Fusion cutting is the second most prominent cutting process in the laser cutting machines market after flame cutting process.

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The laser cutting machines market is further segmented by end use industry into automotive, consumer electronics, defense and aerospace, industrial and others. The global market is majorly dominated by industrial segment due to growing industrialization in emerging countries globally. The increasing demand for smart phones and LCD televisions has added an extra advantage in the this market in the consumer electronics industry. Consumer electronics industry is analyzed to be the fastest growing end use industry for laser cutting machines market and is expected to attain a significant growth in the recent future.

The prominent companies in this market include Amada Miyachi CO, Bystronic Incorporation, ALPHA Laser GmbH, Coherent Incorporation, DPSS Lasers Incorporation, Trumpf Laser GMBH + Co. Kg and IPG Photonics Corporation, among others.