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(Transportation-News.com, September 15, 2018 ) The study presented here is based on a report by Envision Inteligence (EI) titled “Laser Cutting Market (By Type, By Technology, By process, By End-User Industry & By Geography) - Market Industry Analysis, Segmentation, Size, Share, Growth, Trends and Forecast 2019 – 2025”. According to the global laser cutting market report, the laser cutting market size was valued at $XX billion in 2017 and is expected to reach $5.7 Billion by 2025. Global laser cutting market forecast during 2019-2025 is expected to grow with a CAGR of 9.3%
Introduction:
Laser Cutting is a type of technology that uses to cut materials and is generally used for industrial manufacturing applications, and also in small-scale industries like schools, small business and so on. Laser cutting works with a principle of delivering high power laser through optics. Optics are used to deliver the laser beam. Laser cutting machines involve casting a laser beam on the workpiece then melting it and evaporating the target area by using enough heat by the laser.
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RISE IN AUTOMATION IS DRIVING THE LASER CUTTING MARKET SHARE:
Automation is anticipated to be the fastest-growing sector owing to the rising implementation of lasers in material processing applications such as cutting, welding, and design. Laser-based machines are generally used to cut printed circuit boards, mobile display cases, etc. Moreover, the short lifespan of these devices is expected to increase the requirement for the machines over the forecast period2019-2025. Global laser cutting machines forecast is likely to remain steady in the coming years and services are likely to grow with brisk CAGR during 2019 - 2025.
REGARDING PROCESS, FLAME CUTTING IS ACCOUNTED FOR THE HIGHEST MARKET SHARE IN 2017:
Concerning process, the market is segmented into flame cutting, fusion cutting, andsublimation cutting. Among them, flame cutting has the most significant market share among other types. Because the flame cutting process offers an improved finishing, high quality, and high cutting speed compared to other procedures which tend to increase in demand for flame cutting in laser cutting market share. Laser cutting market trends include the product launches, partnerships, collaborations and expansion activities.
ASIA PACIFIC IS HAVING THE LARGEST MARKET SHARE IN THE GLOBAL LASER CUTTING MARKET:
The Asia Pacific is projected to be the fastest-growing region owing to the presence of robust economies such as China, India, and Japan. The increasing adoption of laser systems in the manufacturing sector is boosting the regional growth. Moreover, the steady growth in industries that use laser cutting to produce semiconductors, consumer electronics, and automotive components. As these sectors are expanding, the need for laser cutting machines in this region.
North America is projected to be a significant region, owing to the presence of a substantial industrial sector. The region is accounted for over 31% revenue share in 2015 and is estimated to reach over USD 1.97 billion by 2025. These are the reasons driving the growth of the market in these regions. According to global laser cutting market overview, the market share of unorganised players is expected to decrease incoming years. The laser cutting market growth analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
By Type:
• Equipment
• Services
By Technology:
• Solid state lasers
• Gas Lasers
• Semiconductor lasers
By Process:
• Fusion cutting
• Flame cutting
• Sublimation cutting
By End-User Industry
• Automotive
• Consumer electronics
• Defence and Aerospace
• Industrial
The global laser cutting market research report provides an in-depth and full analysis of the key technological and product development aspects for all the key companies operating in the market in each region.
Key Players:
• Alpha Laser GmbH,
• Amada Miyachi Co. Ltd
• Bystronic Inc.
• Coherent Inc.,
• DPSS Laser Inc
• Epilog Lasers Inc.
About us:
Envision Inteligence is the Main Supplier of Market Analysis Reviews, Customized Consulting Companies, Information Analytics and Trade Evaluation. Our purpose is to offer the correct data required by the stakeholder on the proper level of time, in a format which assists a clever and knowledgeable resolution making a course of!
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