Laser Cutting Machine Market to Record 5.25% Y-O-Y Growth Rate in 2022, Market Dynamics, Landscape & Vendor Assessment - Technavio

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Jul 15, 2022, 10:00 ET

NEW YORK, July 15, 2022 /PRNewswire/ -- The laser cutting machine market size is expected to grow by USD 1.25 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 4.91% as per the latest market report by Technavio. The increasing focus on automating the metal cutting process is one of the key drivers fueling the laser cutting machine market growth. Robots are used to enhance the laser cutting process. The application of robotics in the metalworking industry ranges from applications such as cutting, cleaning of various materials, marking, and drilling. An automated system enables the operation to be performed without the guidance of an operator and takes much less time compared with a manual cutter, besides the minimization of raw material wastage. The critical processes that require an expert operator are controlled and managed by computer numeric control (CNC) controls, eliminating possible errors and improving the overall consistency and efficiency. Advanced versions of CAM software can detect complex profiles of parts and materials to be cut and insert the required machine codes automatically. This helps modify the lead-out, lead-in, cutting speed, and gas mixture to increase the cut quality. The flexibility in the usage of automated solutions and the standardization of laser cutting machines have increased the demand for automated laser cutting machines among end-user industries. This, in turn, will drive the market growth during the forecast period.

Technavio has announced its latest market research report titled Laser Cutting Machine Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

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Laser Cutting Machine Market: Segmentation Assessment

The laser cutting machine market is segmented by end-user (automotive, aerospace and defense, electrical and electronics, industrial machinery, and others), product (fiber, solid-state, diode, and others), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

End-user Landscape

The laser cutting machine market share growth in the automotive segment will be significant for revenue generation.
The automotive industry is the primary user of laser cutting machines, which are used to cut metal parts deployed in almost every system of automotive vehicles, ranging from fuel delivery systems to airbag components.
Technological advances, fueled by the implementation of stringent emission norms and the increasing demand for fuel efficiency, have boosted the demand for lightweight metal parts, such as aluminum and titanium, in passenger vehicles. Laser cutting machines are more efficient in cutting these lightweight metal parts than plasma metal cutting machines. Such factors will drive the market growth during the forecast period.

Geography Landscape

58% of the market's growth will originate from APAC during the forecast period.
China, South Korea, and Japan are the key markets for the laser cutting machine market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of skilled labor will facilitate the laser cutting machine market growth in APAC over the forecast period.

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Laser Cutting Machine Market: Vendor Assessment

The laser cutting machine market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.

ALPHA LASER GmbH
AMADA Co. Ltd.
Bystronic Laser AG
Cangzhou Lead Laser Technology Co. Ltd.
Chutian Laser
Coherent Inc.
El.En. Spa
Hans Laser Technology Industry Group Co. Ltd.
HGLaser Engineering Co. Ltd.
IPG Photonics Corp.
Jenoptik AG
Jinan Bond Laser Co.
Koike Aronson Inc.
LZK CNC Machine Tool Anhui Manufacturing Co. Ltd.
Manz AG
Messer Cutting Systems GmbH
Mitsubishi Electric Corp.
MKS Instruments Inc.
PRIMA INDUSTRIE Spa
Salvagnini Italia Spa
Shenzhen Hymson Laser Intelligent Equipments Co. Ltd.
Trotec Laser GmbH
TRUMPF GmbH Co. KG
Universal Laser Systems Inc.
Yamazaki Mazak Corp.
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What our reports offer:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2020, 2021, until 2025
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

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Laser Cutting Machine Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 4.91%
Market growth 2022-2026	USD 1.25 billion
Market structure	Fragmented
YoY growth (%)	5.52
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 58%
Key consumer countries	US, China, South Korea, Japan, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	ALPHA LASER GmbH, AMADA Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Chutian Laser, Coherent Inc., El.En. Spa, Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Bond Laser Co., Koike Aronson Inc., LZK CNC Machine Tool Anhui Manufacturing Co. Ltd., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., PRIMA INDUSTRIE Spa, Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF GmbH Co. KG, Universal Laser Systems Inc., and Yamazaki Mazak Corp.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Table of Content

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments

Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user

Exhibit 27: Chart on Comparison by End-user
Exhibit 28: Data Table on Comparison by End-user

5.3 Automotive - Market size and forecast 2021-2026

Exhibit 29: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on Automotive - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Automotive - Year-over-year growth 2021-2026 (%)

5.4 Aerospace and defense - Market size and forecast 2021-2026

Exhibit 33: Chart on Aerospace and defense - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on Aerospace and defense - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on Aerospace and defense - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Aerospace and defense - Year-over-year growth 2021-2026 (%)

5.5 Electrical and electronics - Market size and forecast 2021-2026

Exhibit 37: Chart on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Data Table on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Chart on Electrical and electronics - Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on Electrical and electronics - Year-over-year growth 2021-2026 (%)

5.6 Industrial machinery - Market size and forecast 2021-2026

Exhibit 41: Chart on Industrial machinery - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Data Table on Industrial machinery - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Chart on Industrial machinery - Year-over-year growth 2021-2026 (%)
Exhibit 44: Data Table on Industrial machinery - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026

Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by End-user

Exhibit 49: Market opportunity by End-user ($ million)

6 Market Segmentation by Product

6.1 Market segments

Exhibit 50: Chart on Product - Market share 2021-2026 (%)
Exhibit 51: Data Table on Product - Market share 2021-2026 (%)

6.2 Comparison by Product

Exhibit 52: Chart on Comparison by Product
Exhibit 53: Data Table on Comparison by Product

6.3 Fiber - Market size and forecast 2021-2026

Exhibit 54: Chart on Fiber - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Fiber - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Fiber - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Fiber - Year-over-year growth 2021-2026 (%)

6.4 Solid-state - Market size and forecast 2021-2026

Exhibit 58: Chart on Solid-state - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Solid-state - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Solid-state - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Solid-state - Year-over-year growth 2021-2026 (%)

6.5 Diode - Market size and forecast 2021-2026

Exhibit 62: Chart on Diode - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Diode - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Diode - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Diode - Year-over-year growth 2021-2026 (%)

6.6 Others - Market size and forecast 2021-2026

Exhibit 66: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Others - Year-over-year growth 2021-2026 (%)

6.7 Market opportunity by Product

Exhibit 70: Market opportunity by Product ($ million)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 72: Chart on Market share by geography 2021-2026 (%)
Exhibit 73: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison

Exhibit 74: Chart on Geographic comparison
Exhibit 75: Data Table on Geographic comparison

8.3 APAC - Market size and forecast 2021-2026

Exhibit 76: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 77: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 78: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.4 Europe - Market size and forecast 2021-2026

Exhibit 80: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 81: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 82: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.5 North America - Market size and forecast 2021-2026

Exhibit 84: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 85: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 86: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.6 South America - Market size and forecast 2021-2026

Exhibit 88: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 89: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 90: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 92: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 93: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 94: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.8 China - Market size and forecast 2021-2026

Exhibit 96: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 97: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 98: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 99: Data Table on China - Year-over-year growth 2021-2026 (%)

8.9 US - Market size and forecast 2021-2026

Exhibit 100: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 101: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 102: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 103: Data Table on US - Year-over-year growth 2021-2026 (%)

8.10 South Korea - Market size and forecast 2021-2026

Exhibit 104: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 105: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 106: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibit 107: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

8.11 Germany - Market size and forecast 2021-2026

Exhibit 108: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 109: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 110: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 111: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.12 Japan - Market size and forecast 2021-2026

Exhibit 112: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 113: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 114: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 115: Data Table on Japan - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography

Exhibit 116: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

Exhibit 117: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Exhibit 119: Overview on factors of disruption

10.4 Industry risks

Exhibit 120: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered

Exhibit 121: Vendors covered

11.2 Market positioning of vendors

Exhibit 122: Matrix on vendor position and classification

11.3 ALPHA LASER GmbH

Exhibit 123: ALPHA LASER GmbH - Overview
Exhibit 124: ALPHA LASER GmbH - Product / Service
Exhibit 125: ALPHA LASER GmbH - Key offerings

11.4 AMADA Co. Ltd.

Exhibit 126: AMADA Co. Ltd. - Overview
Exhibit 127: AMADA Co. Ltd. - Business segments
Exhibit 128: AMADA Co. Ltd. - Key news
Exhibit 129: AMADA Co. Ltd. - Key offerings
Exhibit 130: AMADA Co. Ltd. - Segment focus

11.5 Bystronic Laser AG

Exhibit 131: Bystronic Laser AG - Overview
Exhibit 132: Bystronic Laser AG - Product / Service
Exhibit 133: Bystronic Laser AG - Key offerings

11.6 Coherent Inc.

Exhibit 134: Coherent Inc. - Overview
Exhibit 135: Coherent Inc. - Business segments
Exhibit 136: Coherent Inc. - Key news
Exhibit 137: Coherent Inc. - Key offerings
Exhibit 138: Coherent Inc. - Segment focus

11.7 El.En. Spa

Exhibit 139: El.En. Spa - Overview
Exhibit 140: El.En. Spa - Business segments
Exhibit 141: El.En. Spa - Key offerings
Exhibit 142: El.En. Spa - Segment focus

11.8 Hans Laser Technology Industry Group Co. Ltd.

Exhibit 143: Hans Laser Technology Industry Group Co. Ltd. - Overview
Exhibit 144: Hans Laser Technology Industry Group Co. Ltd. - Product / Service
Exhibit 145: Hans Laser Technology Industry Group Co. Ltd. - Key news
Exhibit 146: Hans Laser Technology Industry Group Co. Ltd. - Key offerings

11.9 IPG Photonics Corp.

Exhibit 147: IPG Photonics Corp. - Overview
Exhibit 148: IPG Photonics Corp. - Product / Service
Exhibit 149: IPG Photonics Corp. - Key offerings

11.10 Koike Aronson Inc.

Exhibit 150: Koike Aronson Inc. - Overview
Exhibit 151: Koike Aronson Inc. - Product / Service
Exhibit 152: Koike Aronson Inc. - Key offerings

11.11 Manz AG

Exhibit 153: Manz AG - Overview
Exhibit 154: Manz AG - Business segments
Exhibit 155: Manz AG - Key offerings
Exhibit 156: Manz AG - Segment focus

11.12 TRUMPF GmbH Co. KG

Exhibit 157: TRUMPF GmbH Co. KG - Overview
Exhibit 158: TRUMPF GmbH Co. KG - Business segments
Exhibit 159: TRUMPF GmbH Co. KG - Key offerings
Exhibit 160: TRUMPF GmbH Co. KG - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

Exhibit 161: Inclusions checklist
Exhibit 162: Exclusions checklist

12.3 Currency conversion rates for US$

Exhibit 163: Currency conversion rates for US$

12.4 Research methodology

Exhibit 164: Research methodology
Exhibit 165: Validation techniques employed for market sizing
Exhibit 166: Information sources

12.5 List of abbreviations

Exhibit 167: List of abbreviations

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