Global Laser Processing Market worth $21.2 Billion by 2022 at a CAGR of 11.6%

According to Stratistics MRC, the Global Laser Processing market is expected to grow from $9.84 billion in 2015 to reach $21.2 billion by 2022 with a CAGR of 11.6%. Increasing consumption of high cost laser drilling in oil & gas investigation fields and increasing application areas are the current trends in laser processing market. The global market for laser processing is driven by the rising application of laser products in medical devices and surgeries and rising demand for high quality and authentic end-products. Moreover, stringent government mandates for the use of laser technology in engraving and marking products, and the different advantages of laser technology over predictable material processing techniques would drive the market in coming years. The major restraints for laser processing are technical difficulties in high-power lasers, high cost and dearth of technical knowledge.

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By product, Gas lasers segment is growing at the extreme rate and is likely to remain as the dominant segment throughout the forecast period. The Asia Pacific region is likely to be the emerging regional market for laser processing due to increasing number of manufacturing plants of diverse companies across this region.

Some of the key players in global market include Prima Industrie S.p.A., Trumpf GmbH + Co. KG, Bystronic Laser AG, Newport Corp., LaserStar Technologies Corp., Epilog Laser Inc., Eurolaser GmbH, Han’s Laser Technology Co. Ltd., Coherent Inc., Rofin-Sinar Technologies Inc., Amada Co. Ltd., IPG Photonics Corp., Universal Laser Systems Inc., and Jenoptik Laser GmbH.

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Product Types Covered:
Gas lasers
Solid state lasers
Fiber lasers
Liquid lasers
Other Product types

Machine Configurations Covered:
Fixed Beam
Moving Beam
Hybrid

Applications Covered:
Micro Processing
Macro Processing
Cutting
Drilling
Welding
Marking & Engraving
Advanced Processing
Other Applications
End Users Covered:
Automotive
Aerospace
OEMs
Electronics & Microelectronics
Medical
Packaging

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Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, 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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