The laser cutting machine market in the US to grow at a CAGR of 5.50% during the period 2017-2021.
Laser Cutting Machine Market in The US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is use of fiber lasers for micro-cutting applications in medical device industry. Micromachining is a technology that has become vital to the medical devices industry. However, until very recently major applications of lasers in the medical field was in welding, cutting, and drilling a variety of products. At present, in the medical devices industry, micro-cutting is playing an important role in the cutting of stents.
According to the report, one of the major drivers for this market is increasing need to develop superior-quality products. At present, the manufacturing scenario is very different from what it used to be a decade ago. With advances in technology and innovation, it is possible to produce parts quickly, efficiently, and at lower costs. One such advanced technology used nowadays is laser cutting. This technique is used to produce parts at record speeds in industrial manufacturing processes while simultaneously saving on costs.
Further, the report states that one of the major factors hindering the growth of this market is uncertainties in business policies due to recent us presidential elections. With the election of Donald Trump as the new US president, there have been widespread changes in the trade as well as employment aspects in the country. This is expected to significantly impact not only the country's economy but the global economy as well.
- IPG Photonics
- Mazak Optonics
Other prominent vendors:
- Vytek Laser Systems
- Amada America
- Cutlite Penta
- Laser Photonics
- Sahajanand Laser Technology
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by end-user
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/d8gv6n/laser_cutting
Laura Wood, Senior Manager
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SOURCE Research and Markets