Cleveland Ohio Laser Cutting Machine Market to grow by USD 851.39 Mn | APAC to Occupy 58% Market Share

The global laser cutting machine market is expected to observe an incremental growth of USD 851.39 million between 2020 and 2025. Governments across the world are introducing several initiatives to support the growth of the manufacturing sector. The growing shift toward the smart factory concept is increasing the installation of robots and automation machinery across various industries. In addition, factors such as rising sales of automobiles, expansion of production facilities by manufacturers, and global increase in defense spending will create significant growth opportunities for laser cutting machine manufacturers during the forecast period.

Laser Cutting Machine Market: Increasing focus on automating metal cutting process to drive growth

End-users in the market are integrating individual standalone laser cutting machines into the production line using automation software. This is enabling industrial plants to partially embrace automation, which enhances productivity and reduces the need for human labor. Automating laser cutting machines also enables the operation to be performed without operator guidance, takes considerably lesser time, eliminates errors, and minimizes raw material wastage. Many such benefits are encouraging the adoption of automation among manufacturers, which is driving the growth of the market.

As per Technavio, the growing investment in the aerospace and defense industry will have a positive impact on the market during the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth.

Laser Cutting Machine Market: Growing Investment In Aerospace And Defense Industry

The number of air travelers has been increasing significantly, especially in developing countries with growing disposable incomes and reducing cost of fuel. In addition, the growth of international tourism and increasing investments in the aerospace and defense industry has increased the demand for specialized high-strength, lightweight alloys to manufacture aircraft parts and airframes. This has been driving the need for sheet metal processing machines such as laser cutting machines among OEMs and fabricators to ensure high precision and efficiency. Also, the growing complexity of aircraft parts has necessitated the use of laser cutting machines. All these factors will have a positive impact on the growth of the global laser cutting machine market during the forecast period.


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