Press release
Global Medium and High Capacity Laser Cutting Machines Market Booming At CAGR Of 5.16% Between 2017-2021
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Laser cutting machines include high-power lasers, which can vaporize a wide variety of materials ranging from steel to plastic with high levels of precision. The versatility of these machines enables manufacturers to cut various materials and develop products and components that have complex geometry. Therefore, laser cutting machines facilitate the efficient and effective production of components and parts in many sectors such as the automotive, aerospace and defense, healthcare, plastics, electrical and electronics, textiles, and woodworking industries. Laser cutting machines eliminate the need for tool-based machining and minimize the production delays that are associated with the use of machines.
Technavios analysts forecast the global medium and high capacity laser cutting machines market to grow at a CAGR of 5.16% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global medium and high capacity laser cutting machines market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Medium and High Capacity Laser Cutting Machines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Bystronic
Coherent
IPG Photonics
Mazak Optonics
Newport
TRUMPF
Other prominent vendors
ALPHA LASER
AMADA AMERICA
Cincinnati
Cutlite Penta
CY LASER
DANOBATGROUP
DPSS Laser
Hypertherm
Jenoptik
Laser Photonics
Prima Industrie
Trotec Laser
Universal Laser Systems
Vytek Laser Systems
Xenetech Global
Market driver
Increasing need to develop superior-quality products
For a full, detailed list, view our report
Market challenge
Lack of skilled operators
For a full, detailed list, view our report
Market trend
Growing adoption in other end-user industries
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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