Press release
Global CNC Fiber Laser Market to Reach USD 2,546.6 MN by 2030, with 7.1% CAGR from 2022 to 2030,
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The CNC fiber laser market is growing continuously due to the rapidly growing tool manufacturing sectors worldwide. Besides, Industry 4.0 adoption across heavy industries worldwide drives the market. The CNC fiber laser industry has always been subject to technological upgrades. Manufacturing sectors worldwide create vast market demand, embracing automation to meet growing demands for efficiency gains.
Also, rising quality control and tolerance needs, encourage manufacturing companies to add automation to their factories. Resultantly, the CNC fiber laser market is projected to escalate further during this decade. Market Research Future (MRFR) states that the global CNC fiber laser market is estimated to reach USD 2,546.6 Million by 2030, growing at a 7.1 % CAGR during the assessment period (2022-2030).
Manufacturing sectors worldwide adopt advanced CNC fiber laser machines to support their automation initiatives. Additionally, the rising pressure among manufacturers to boost production and reduce time, manual labor, and operational costs creates substantial market demand.
Rapid advances in production and smart factory solutions boost market revenues. Also, the skilled labor shortage, working hour limits, and labor costs that are on the rise escalate the market value. The rising commercial demand for advanced compact-sized machines with automatic tool changers and multi-axis machining technology increases the market size.
CNC machines integrated with computer-aided manufacturing (CAM) enable hassle-free production of components and reduced operational time & costs. Large manufacturing facilities are increasingly implementing CNC lathes for their cutting and knurling needs.
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Global CNC Fiber Laser Market - Segments
The market is segmented into products, types, applications, end users, and regions. The type segment comprises stationary gantry type and movable gantry type. The product segment comprises CNC CO2 laser cutters, CNC crystal laser cutters, and CNC fiber laser cutters. The application segment comprises woodworking, stoneworking, metalworking, and others.
The end-user segment comprises building & construction, automotive, consumer electronics, medical, aerospace & defense, energy & power, transportation, furniture, and others. The region segment comprises the Americas, Asia-Pacific, Middle East & Africa, Europe, and rest-of-the-world.
Global CNC Fiber Laser Market - Regional Analysis
APAC dominates the global CNC fiber laser market with its ample raw material advantage and availability of cost-competitive workforces. Besides, the growing adoption of CNC fiber laser machines, rising automation in manufacturing sectors, and rapid industrialization in this region impact the region's market value.
Europe is another lucrative market for CNC fiber laser machines. The increasing adoption of advanced technology in manufacturing sectors escalates the region's market value for CNC fiber lasers. Moreover, the well-established automotive industry in the region, with leading manufacturers such as Audi, BMW, and Volvo having high production capacities, creates significant market demand.
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Global CNC Fiber Laser Market - Competitive Analysis
The highly competitive CNC fiber laser market appears fragmented due to the presence of several notable players. Leading players adopt strategies like collaboration, mergers & acquisitions, expansion, and technology launches to gain a larger competitive share. These players also make substantial R&D investments in developing adept technologies. Considerable investments go into expansion plans to increase global reach and gain diverse expertise.
Major Players
Players leading the CNC fiber laser market are ZINSER GMBH, Mcmillanco, LLC, ACCURL, Precision Waterjet & Laser, GMT Engineers Private Limited., HPC Laser LTD., Mantech Machinery Ltd., CTR Lasers, Hglaser Engineering Co. Ltd, MITSUBISHI Electric Corporation, YAMAZAKI MAZAK Corporation, Messer Cutting Systems GMBH, Multicam Inc., and BODOR, among others.
Industry/ Innovation/ Related News
Oct. 06, 2022 --- Cadrex Manufacturing Solutions, a portfolio company of CORE Industrial Partners, a private equity firm investing in lower middle-market manufacturing in North America, announced the acquisition of EPMP Ltd., a precision sheet metal fabrication services provider, with US$700 MN of capital commitments. EPMP is committed to manufacturing & service excellence throughout all aspects of an organization.
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