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Ultra hard Material Cutting Machine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

11-14-2016 06:39 PM CET | IT, New Media & Software

Press release from: TMR Research Reports

Increasing use of complicated substances and materials such as composites, alloys and ceramics in producing different industrial, medical and other semiconductor equipments is one of the major factors having a positive impact on the market for ultra hard material cutting machines globally. The market has been bifurcated into by type electrical discharge machines (EDM) and laser cutting machines among others. Furthermore, the market is also segmented into by application which includes Polycrystalline Diamond (PCD), Cubic Boron Nitride (CBN) and Chemical Vapor Deposition (CVD) hard materials among others. The market by geography has been segmented into Europe, Asia Pacific, North America, South America, Middle East and Africa.

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The application of electrical discharge machines is one rise due to its growing usage in producing medical equipments and devices. Furthermore, increasing demand for bio implants in the sector of cardiology, orthopedics, ophthalmology and density. Laser cutting machines uses laser beams for cutting materials which include non –metallic materials such as, fabric, plastic, acrylic, wood and several other materials. Solid state lasers, semiconductor lasers and gas lasers are some of the major technologies used in the laser cutting machines. Fusion cutting is one of the prime processes of laser cutting machines, followed by sublimation and flame cutting. Increasing demand for advanced technology in the field of ultra hard material cutting machines is boosting its applications in different sectors which include consumer electronics, industrial, defense and aerospace and automotive.

Fast cutting and cost efficient process is some of the prime advantages which is boosting the market for ultra hard material cutting machines across different regions globally. Non-ferrous metals (high silicon aluminum, magnesium alloys, brass alloys, copper alloys, bronze alloys and aluminum alloys among others), aluminum and non-metallic materials are some of the application areas of ultra hard material cutting machines. With growing technological advancement EDM process is primarily used in automobile, aerospace, electronics, and industrial sector. Complex shapes can be produced easily with the help of these ultra hard cutting machines as compared to conventional cutting tools. It can handle very small pieces where general cutting tools may damage the part from excess cutting tool pressure. Automotive sector is the one of the major application areas of laser cutting technology where high power laser application have gained acceptance.

North America and Asia Pacific is leading the market for ultra hard material cutting machines market globally. Rapid industrialization in economies such the U.S., China, Japan, Brazil and India are anticipated to see positive growth over the forecast period from 2016 to 2024. Ultra hard material cutting machines helps in the cutting of non-metallic and conductive materials at higher speeds to optimize the usage of cutting capacity. However, industrial segment is anticipated to witness positive growth over the forecast period from 2016 to 2024. Cutting of ultra-hard materials which includes CBN, PCD and hard metal surfaces to different forms and shapes is one the key factor boosting the market.

Research and development along with partnership agreements, merger and acquisitions are some of the major business strategies adopted by the companies operating in this industry in order to strengthen its presence globally. Some of the major players operating in the ultra hard material cutting machine market are DMG Mori AKTIENGESELLSCHAFT (Bielefeld, Germany), BIATEC Group (Slovakia), GF Machining Solutions (Switzerland), Bystronic, Incorporation (The U.S.), ALPHA Laser GmbH. (Germany), Coherent, Incorporation (California, The U.S.), LaserStar Technologies Corporation (The U.S.), Ewag AG ((Switzerland), OGI Systems Ltd.( Israel), Coborn Engineering Company Limited(U.K.), II-VI Incorporated (Pennsylvania, The U.S.), Titanium Laser Tech Inc.( (Florida, The U.S.), Chevalier Machinery Inc (The U.S.), Eurolaser GmbH (Germany), Jenoptik AG (Germany), Kent Industrial USA Inc (The U.S.), EXCETEK TECHNOLOGIES CO., LTD.(Taiwan), AccuteX EDM (Taiwan) and Epilog Laser (The U.S.) among others.

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