Laser Cutting Machines Market - By Technology (Gas Laser, Solid-state Laser, Semiconductor Laser, By End Use (Automotive, Aerospace & Aviation, Consumer Electronics, Industrial Manufacturing), Forecast 2023 – 2032

Laser Cutting Machine Industry Analysis

Laser Cutting Machines Market size was valued at over USD 5.5 billion in 2022 and is anticipated to grow at a CAGR of over 7.5% between 2023 and 2032. In the automotive industry, laser cutting machines are used in many applications such as cutting of body panels, precision components, and interior trimming. The automotive industry's growing demand for race cars and their advanced designs & manufacturing processes is driving the use of laser cutting machines.
 

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Laser cutting machines are powerful machines that use strong electric beams to cut various materials. The laser beam is separated from the laser source and directed through a series of glass or fiber optics to the cutting head, where it is placed as a concentrated beam. The focused laser beam melts, vaporizes, or burns the material it touches, thereby providing a crisp & clean cut.

The high implementation cost of laser cutters, especially the high-energy & advanced models, require considerable investments, can limit global market expansion. The cost of purchasing & installing laser cutting equipment can be prohibitive for Small and Medium-sized Businesses (SMEs) or businesses with limited capital. Such high initial investments may deter some buyers from using laser machines, thereby hindering market growth.
 

COVID-19 Impact

The COVID-19 pandemic impacted many markets including the laser cutting machines market in 2020. The pandemic caused disruptions in global supply chains, affecting the availability of raw materials and components necessary for laser cutting machines. Delays in production and shipping led to challenges in meeting customer demands and fulfilling orders. Many industries, such as automotive, aerospace and construction, have seen demand fall due to shutdowns, restrictions, and economic uncertainty. The decrease in demand directly affects the use of laser cutting machines.
 

Laser Cutting Machines Market Trends

The rising industrial automation trend is a significant driver propelling the adoption of laser cutting machines. Laser technology is precise and fast, making it ideal for use in the automation of production processes. Automation in the laser cutting process eliminates human intervention, reduces downtime, and increases productivity. These machines also optimize the production processes by increasing efficiency & productivity. Laser cutting machines can achieve cutting quality with tight tolerances to meet the needs of production lines. In addition, the adoption of Industry 4.0 principles and smart manufacturing are driving the integration of laser cutting machines with other automation systems. This integration also supports the vision of a smart connected ecosystem. These machines also have controls, sensors, and data analysis platforms for real-time monitoring and predictive maintenance.
 

Laser Cutting Machine Technology Segmentation

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Based on technology, the laser cutting machines market is segmented into gas laser cutting machine, solid-state laser cutting machine, and semiconductor laser cutting machine. The gas laser cutting machine segment is expected to grow at a CAGR of over 8.5% during the forecast period. The gas laser cutting machines refer to laser cutting machines that use gas lasers as the source of power for cutting operations.
 

Gas lasers produce a coherent beam of light by stimulating a gas mixture, which is usually a mixture of carbon dioxide (CO2), nitrogen (N2), and helium (He) in a sealed tube. The excited gas emits a laser light that is directed to the work area to perform the cutting action. The CO2 laser is a different type of gas laser that is used in laser cutting machines. These lasers produce a wavelength of approximately 10.6 microns and have a high cutting speed, a high-power output & a good beam quality, making them ideal for cutting various materials, such as metal, plastic, wood, and textiles, used in industrial applications including automotive, aerospace, electronics, signage, packaging, and industrial manufacturing.
 

Laser Cutting Machines End-use Segmentation

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Based on end use, the laser cutting machines market is segmented into automotive, aerospace & aviation, consumer electronics, industrial manufacturing, and others. The industrial manufacturing segment accounted for over USD 1.5 billion in 2022. Laser cutting machines find extensive applications in industrial manufacturing processes as they provide precise & efficient cutting solutions. Laser cutting machines play an important role in the sheet metal fabrication industry. They are used to cut paper & sheet products in a variety of applications including automotive, machinery, equipment, and consumables. Laser technology offers high precision & speed, enabling manufacturers to achieve the complex shapes & designs as well as the tight tolerances required for sheet metal fabrication.
 

In addition, laser cutting offers several advantages such as fast cutting, high flexibility, and the ability to process many materials including metal and plastic. The continued demand for heavy-duty materials and the unique design in the automotive industry is driving the use of laser cutting machines. The demand is driven by the need for precision, speed, customization, and efficiency in various production processes in industries such as sheet metal fabrication, automotive, aerospace, electronics, furniture, and construction. With the continuing growth in the industry, laser cutting machines will continue to be a critical component, supporting industry growth during the forecast period.
 

Laser Cutting Machine Regional Analysis

Asia Pacific laser cutting machines market held a significant market share of over 37% in 2022 and is expected to register a CAGR of over 9% through 2032. The region is known for its strong economic base owing to the presence of fast-growing countries including China, Japan, South Korea, and India. The manufacturing industries in the region, such as automotive, electronics, machinery, and aerospace, are generating a high demand for laser cutting machines to meet the production needs.
 

Asia Pacific region is experiencing rapid industrialization & urbanization, resulting in the increased demand for machinery & equipment manufacturing. The demand for laser cutting machines will increase owing to the growing industry expansion and the rise in production capacity. In addition, Asia Pacific witnessed massive construction & infrastructure development, which has driven the demand for laser cut materials in home appliances, constructions, and interior decorations.
 

Laser Cutting Machine Industry Leaders

The major companies operating in the laser cutting machines market include Trumpf GmbH + Co. KG, Coherent Incorporation, Epilog Laser Inc., Jenoptik Laser GmbH, Amada Co., Ltd., ALPHA Laser GmbH, Bystronic Incorporated, IPG Photonics Corporation, Mazak Corporation, Prima Power Laserdyne, Universal Laser Systems, Jinan Bodor Laser, Trotec Laser, Han's Laser Technology Co., and Cincinnati Incorporated.
 

Laser Cutting Machines Industry News:

• In May 2022, Yamazaki Mazak, a leading machine tool builder, launched the FG-400 NEO, a 3D fiber laser cutting machine for use in steel products worldwide. The FG-400 NEO is equipped with an energy-efficient fiber laser oscillator that offers high productivity and energy conversion efficiency. This new product is also capable of cutting highly reflective materials such as aluminum, brass, and copper.
   

The laser cutting machines market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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By Technology

• Gas Laser Cutting Machine
• Co2 Laser Cutting Machine
• Excimer Laser Cutting Machine
• Nitrogen Laser Cutting Machine

• Solid-State Laser Cutting Machine
• Fiber Laser Cutting Machine
• Nd:Yag Laser Cutting Machine
• Disc Laser Cutting Machine
• Semiconductor Laser Cutting Machine
• Direct Diode Laser Cutting Machine
• Fiber-Coupled Diode Laser Cutting Machine

By End Use

• Automotive
• Aerospace & Aviation
• Consumer Electronics
• Industrial Manufacturing
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Singapore
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE
  • South Africa