Punch Laser Machine Market Outlook - 2027 | COVID-19 Scenario, Drivers, Restraints, and Opportunities

Punch Laser Machine Market Outlook - 2027

A punch laser machine is used to create hole-intensive parts in a short period. These machines eliminate the need for secondary operations, and the changeover between punching and cutting is highly efficient that it does not need any human intervention. These machines use laser technology to punch materials with precision and are majorly used in industrial manufacturing applications. There are three types of lasers that are commonly used in punch laser machines that are fiber lasers, CO2 lasers, and solid-state lasers. These machines are highly flexible and have the capability to produce cuts without numerous endeavors.

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Drivers, restraints, and opportunities

Escalating usage of metal fabrication systems due to adoption of industrial automation across various industries like construction, automotive, energy, and others is a major factor that is expected to drive the growth of the punch laser machine market in the upcoming years. Besides, advanced features offered by punch laser machines over other punching machines such as high processing and cutting speeds is another key factor that can potentially fuel the growth of the punch laser machine market for the next few years.

Moreover, rapid growth of automation in the industrial sector can boost the growth of the punch laser machine market. However, lack of awareness about punch laser machines among manufacturers is a restraining factor that is hindering the market growth. On the contrary, increasing investments for R&D in light-based technologies or photonics are anticipated to provide lucrative growth opportunities for the punch laser machine market during the forecast period.

Business growth strategies by key market players

The key market players in the punch laser machine market are adopting various growth strategies, like mergers, acquisitions, new product offerings, innovations, collaborations, and partnerships to prevail in the highly competitive market. To cite an instance, in 2019, AMADA HOLDINGS CO., LTD., a Japanese manufacturing company announced that it has decided to construct a human-friendly next-generation manufacturing model using IoT at its main production facilities in japan through collaborative creation with Hitachi which manufactures laser machines. Such new business expansion strategies by key market players are anticipated to create a significant positive impact on the growth of the punch laser machine market during the forecast period.

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Increasing adoption of fiber laser welding machines

There are different types of laser welding machines available such as fiber laser welding machines, CO2 laser welding machines, and solid-state laser welding machines. Among all the types of laser welding machines, the fiber laser welding technology is expected to develop at a fast pace. The fiber lasers efficiently deliver light on the target area of the metal. The fiber lasers do not require any expensive optical mirrors. The fiber laser welding technology enables to channel and amplify light through fiber optic cable. Also, more advantages of fiber laser welding machines are low heat output, high precision, low energy consumption, and cost-effective way of achieving high quality welds. These features of fiber laser welding machines over other type of laser welding machines can increase the demand for these machines for end-use applications. Higher demand for fiber laser welding machines can eventually result in the positive growth of the laser welding machine market.

By Region

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

Key Players

Major players analyzed include Danobatgroup, Amada Holdings, Dallan, Prima Industrie, Murata Machinery, Trumpf, Exapro, and Danobat

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