In 2020, the global Laser Cutting Machine market size was US$ 3711 million and it is expected to reach US$ 6422.8 million by the end of 2027, with a CAGR of 7.9% during 2021-2027.
Laser cutting is a technology that uses a laser to cut materials. Laser cutting works by directing the output of a high-power laser most commonly through optics. The laser optics and CNC (computer numerical control) are used to direct the material or the laser beam generated. The laser cutting machines initially casts laser beam on the surface of work piece, melts it and finally evaporates the particular area of work piece using the energy released by laser.
Laser cutting machines used to cut metals and non-metallic materials are all covered in the report.
Global Laser Cutting Machine key players include Han’S Laser, Trumpf, Mazak, Amada, Bystronic, etc. Global top five manufacturers hold a share over 35%.
Europe is the largest market, with a share over 25%, followed by United States, with a share over 20 percent.
In terms of product, CO2 Laser Cutting Machine is the largest segment, with a share about 60%. And in terms of application, the largest application is Automotive, followed by Machine Industrial, Consumer Electronics, Aerospace and Defense, etc.
Top Leading Companies of Global Laser Cutting Machine Market are Trumpf, Bystronic, Mazak, Amada, Prima Power, Mitsubishi Electric, Trotec, Coherent, LVD, Tanaka, Cincinnati, CTR Lasers, Koike, Spartanics, IPG Photonics, Microlution, Han’S Laser, HG Laser, Chutian Laser, Tianqi Laser, Lead Laser, Boye Laser, Kaitian Laser, HE Laser, Golden Laser and others.
The competitive market players are identified along with their size, share, and strategies. The company profiles of these players, which includes their recent major developments, product portfolio, revenue, core competencies, and financials. Additionally, the report presents insights into the mergers & acquisitions, company profiles, financial status, product portfolio, and the SWOT analysis.