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- North America Laser Cutting market – Size, Outlook, Trends and Forecast (2023 – 2030)
Laser cutting machines involve casting a laser cutting beam on the workpiece then melting it and evaporating the target area by using enough heat by the Laser cutting Laser cutting is a type of technology that uses to cut materials and is generally used for industrial manufacturing applications, and also in small-scale industries. Laser cutting works with a principle of delivering high power laser cutting through optics. Optics are used to deliver the laser cutting beam.
North America Laser Cutting Market Size & Growth:
The North America Laser Cutting market accounted for $XX billion in 2017, and it is expected to attain XX billion by 2024. North America Laser Cutting market forecast during 2019-2025 is expected to grow with a CAGR of XX%.
Drivers that influencing Laser cutting market growth are high demand from the end-user industries. Increasing need for automation in the manufacturing industry tends to increase the market growth.
On the flip side, massive expenditure on research & development and high power consumption are the factors that are hampering the market growth.
Increasing adoption of high equipment of lasers and implementation of the laser to optimise production enhances the growth of the market in future.
North America Laser Cutting Market Share:
The North America laser cutting market is segregated into type, Technology, Process, End User Industry and region.
Based on the type, the market is divided into equipment and services. Where equipment factor is the fastest-growing segment as many industries use only equipment base compared to services.
Based on Technology, North America laser cutting market segmentation includes Solid state lasers, gas state lasers and semiconductor lasers. Among these, gas lasers are estimated to grow at a CAGR of over 9.4% from 2016 to 2024. These lasers have an increasing demand for improved machine tools and equipment in making holograms, dye laser pumping, barcode reading, and laser printing which leads to an increase in market growth.
By process, laser cutting market segmentation includes Fusion cutting, Flame cutting, and Sublimation cutting. Among all these, the fusion cutting process is estimated to be the fastest-growing segment at a CAGR of over 9.4% from 2016 to 2024. Fusion cutting offers the benefit of producing oxide-free cutting edge suitable for cutting of thin sheets.
By end user, laser cutting market segmentation includes Automation, Consumer Electronics, Defense and Aerospace, Industrial and others. Among these, the top impacting factor is automation which impacts in market growth owing to increasing demand for laser cutting machines.
By geography, North America is projected to be a significant region, owing to the presence of a substantial industrial sector. The region is accounted for over 31% revenue share in 2015 and is estimated to reach over USD 1.97 billion by 2025. These are the reasons driving the growth of the market in these regions. According to North America laser cutting market overview, the market share of unorganised players is expected to increase in coming years in the North America forecast period 2019-2025. The laser cutting market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. According to North America laser cutting market overview, the market share of unorganised players is expected to decrease income in North America. The laser cutting market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
Major players are operating the Laser cutting market Trumpf Laser GmbH + Co. KG, IPG Photonics Corporation, Coherent Inc., and Rofin-Sinar Technologies Inc.
North America Laser Cutting Market Trends:
- November 2016 – Coherent Inc. announced the completion of its previously announced acquisition of ROFIN-SINAR technologies, Inc.
- February 2016 – Corning and Altechna R&D pursue new laser glass processing technologies.
North America Laser Cutting Market Research Report:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and North America diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- The Boston Laser cutting company
- Alpha Laser GmbH
- Amada Miyachi Co. Ltd
- Bystronic Inc.
- Coherent Inc.
Along with these companies, there were many other companies considered/ cited in the report while analysing the Laser cutting market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. The scope of the Study
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
3. Market Analysis
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Industry Rivalry
3.3. Pestle Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
4. Market Dynamics
4.1. Drivers
4.1.1. High demand from the end-user industries.
4.1.2. Increasing need for automation in the manufacturing industry
4.2. Restraints & Challenges
4.2.1. Large expenditure on research & development.
4.2.2. Availability of substitute machinery.
4.2.3. High power consumption
4.3. Opportunities
4.3.1. Implementation of the laser to optimise production.
4.3.2. Increasing adoption of high equipment of lasers.
5. North America Laser Cutting Market – By Type
5.1. Introduction
5.2. Equipment
5.3. Services
6. North America Laser Cutting Market – By Technology
6.1. Introduction
6.2. Solid state lasers
6.3. Gas Lasers
6.4. Semiconductor lasers
7. North America Laser Cutting Market – By Process
7.1. Introduction
7.2. Fusion cutting
7.3. Flame cutting
7.4. Sublimation cutting
8. North America Laser Cutting Market – By End-User Industry
8.1. Introduction
8.2. Automotive
8.3. Consumer electronics
8.4. Defence and Aerospace
8.5. Industrial
8.6. others
9. North America Laser Cutting Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. U.S
9.2.2. Canada
9.2.3. Mexico
10. Company Profiles
10.1 Alpha Laser GmbH
10.1.1. Company overview
10.1.2. Business segments
10.1.3. Financial (public companies)
10.1.4. Developments
10.1.5. Swot analysis (public companies)
10.2. Amada Miyachi Co. Ltd
10.3. Bystronic Inc.
10.4. Coherent Inc.
10.5. DPSS Laser Inc.
10.6. Epilog Lasers Inc.
10.7. Fanuc Corporation
10.8. IPG Photonics Corporation
10.9. Jenoptik Laser GmbH.
10.10. Kern Lasers System.
10.11. Rofin-Sinar Technologies Inc.
10.12. Trumpf Laser GmbH + Co. Kg
10.13. Amada Miyachi Company, Ltd
10.14. Xenetech
10.15. Trotec Laser
11. Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1. List of Tables
13.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Additional information
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Laser cutting machines involve casting a laser cutting beam on the workpiece then melting it and evaporating the target area by using enough heat by the Laser cutting Laser cutting is a type of technology that uses to cut materials and is generally used for industrial manufacturing applications, and also in small-scale industries. Laser cutting works with a principle of delivering high power laser cutting through optics. Optics are used to deliver the laser cutting beam.
North America Laser Cutting Market Size & Growth:
The North America Laser Cutting market accounted for $XX billion in 2017, and it is expected to attain XX billion by 2024. North America Laser Cutting market forecast during 2019-2025 is expected to grow with a CAGR of XX%.
Drivers that influencing Laser cutting market growth are high demand from the end-user industries. Increasing need for automation in the manufacturing industry tends to increase the market growth.
On the flip side, massive expenditure on research & development and high power consumption are the factors that are hampering the market growth.
Increasing adoption of high equipment of lasers and implementation of the laser to optimise production enhances the growth of the market in future.
North America Laser Cutting Market Share:
The North America laser cutting market is segregated into type, Technology, Process, End User Industry and region.
Based on the type, the market is divided into equipment and services. Where equipment factor is the fastest-growing segment as many industries use only equipment base compared to services.
Based on Technology, North America laser cutting market segmentation includes Solid state lasers, gas state lasers and semiconductor lasers. Among these, gas lasers are estimated to grow at a CAGR of over 9.4% from 2016 to 2024. These lasers have an increasing demand for improved machine tools and equipment in making holograms, dye laser pumping, barcode reading, and laser printing which leads to an increase in market growth.
By process, laser cutting market segmentation includes Fusion cutting, Flame cutting, and Sublimation cutting. Among all these, the fusion cutting process is estimated to be the fastest-growing segment at a CAGR of over 9.4% from 2016 to 2024. Fusion cutting offers the benefit of producing oxide-free cutting edge suitable for cutting of thin sheets.
By end user, laser cutting market segmentation includes Automation, Consumer Electronics, Defense and Aerospace, Industrial and others. Among these, the top impacting factor is automation which impacts in market growth owing to increasing demand for laser cutting machines.
By geography, North America is projected to be a significant region, owing to the presence of a substantial industrial sector. The region is accounted for over 31% revenue share in 2015 and is estimated to reach over USD 1.97 billion by 2025. These are the reasons driving the growth of the market in these regions. According to North America laser cutting market overview, the market share of unorganised players is expected to increase in coming years in the North America forecast period 2019-2025. The laser cutting market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. According to North America laser cutting market overview, the market share of unorganised players is expected to decrease income in North America. The laser cutting market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
Major players are operating the Laser cutting market Trumpf Laser GmbH + Co. KG, IPG Photonics Corporation, Coherent Inc., and Rofin-Sinar Technologies Inc.
North America Laser Cutting Market Trends:
- November 2016 – Coherent Inc. announced the completion of its previously announced acquisition of ROFIN-SINAR technologies, Inc.
- February 2016 – Corning and Altechna R&D pursue new laser glass processing technologies.
North America Laser Cutting Market Research Report:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and North America diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- The Boston Laser cutting company
- Alpha Laser GmbH
- Amada Miyachi Co. Ltd
- Bystronic Inc.
- Coherent Inc.
Along with these companies, there were many other companies considered/ cited in the report while analysing the Laser cutting market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. The scope of the Study
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
3. Market Analysis
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Industry Rivalry
3.3. Pestle Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
4. Market Dynamics
4.1. Drivers
4.1.1. High demand from the end-user industries.
4.1.2. Increasing need for automation in the manufacturing industry
4.2. Restraints & Challenges
4.2.1. Large expenditure on research & development.
4.2.2. Availability of substitute machinery.
4.2.3. High power consumption
4.3. Opportunities
4.3.1. Implementation of the laser to optimise production.
4.3.2. Increasing adoption of high equipment of lasers.
5. North America Laser Cutting Market – By Type
5.1. Introduction
5.2. Equipment
5.3. Services
6. North America Laser Cutting Market – By Technology
6.1. Introduction
6.2. Solid state lasers
6.3. Gas Lasers
6.4. Semiconductor lasers
7. North America Laser Cutting Market – By Process
7.1. Introduction
7.2. Fusion cutting
7.3. Flame cutting
7.4. Sublimation cutting
8. North America Laser Cutting Market – By End-User Industry
8.1. Introduction
8.2. Automotive
8.3. Consumer electronics
8.4. Defence and Aerospace
8.5. Industrial
8.6. others
9. North America Laser Cutting Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. U.S
9.2.2. Canada
9.2.3. Mexico
10. Company Profiles
10.1 Alpha Laser GmbH
10.1.1. Company overview
10.1.2. Business segments
10.1.3. Financial (public companies)
10.1.4. Developments
10.1.5. Swot analysis (public companies)
10.2. Amada Miyachi Co. Ltd
10.3. Bystronic Inc.
10.4. Coherent Inc.
10.5. DPSS Laser Inc.
10.6. Epilog Lasers Inc.
10.7. Fanuc Corporation
10.8. IPG Photonics Corporation
10.9. Jenoptik Laser GmbH.
10.10. Kern Lasers System.
10.11. Rofin-Sinar Technologies Inc.
10.12. Trumpf Laser GmbH + Co. Kg
10.13. Amada Miyachi Company, Ltd
10.14. Xenetech
10.15. Trotec Laser
11. Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1. List of Tables
13.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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