Global laser cutting machine market features a largely fragmented nature owing to the presence of a large number of companies offering a vast variety of products, observes Transparency Market Research in a recent report. The intense competition has been compelling well-established companies to invest more resources into R&D activities to develop products with better precision, features, and effectiveness. Focus on expansion across emerging markets through strategic collaborations with smaller players or distributors has garnered much popularity among market players.
Major Key Players of the Laser Cutting Machines Market are:
IPG Photonics Corporation, ALPHA Laser GmbH, Bystronic Incorporation, Amada Miyachi CO, Trumpf Laser GMBH + Co. Kg, DPSS Lasers Incorporation, and Coherent Incorporation.
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Adoption of Digital Technology to Offer Competitive Edge to Market Vendors
Players found in the global laser cutting machines market is estimated to take up digitalization in the manufacturing processes to gain competitive advantage.
Some of the benefits of laser cutting machines are mentioned as below
- High accuracy and precision cuts
- Can handle complicated jobs
- High utilization of sheet with less wastage
- Causes no warping or damage even to thin materials
- Consumption of power is quite low
- Low lead times leads to low costs
Integration of digital technology into the manufacturing process has emerged as one of the leading trends in the global laser cutting machines market.
The demand within the global market for laser cutting machines has been on a rise over the past decade, majorly due to substantial developments in the field of industrial manufacturing. Laser cutting involves the use of high-power laser beams to cut through several solid materials, and this technique has become an indispensable part of multiple industries. Furthermore, the use of lasers to cut through materials adds a mark of precision and meticulousness to the whole process. Owing to the aforementioned factors the demand within the global market for laser cutting machines has been escalating at a robust rate over the past decade. The use of laser cutting machines is not just restricted to the industrial sector, and several other sectors viz. medicine, healthcare, and government deploy these machine for multiple purposes.
For the study, the global laser cutting machines market has been segmented as follows:
Laser Cutting Machines Market: By Technology
- Solid state lasers
- Gas lasers
- Semiconductor lasers
Laser Cutting Machines Market: By Process
- Fusion cutting
- Flame cutting
- Sublimation cutting
Laser Cutting Machines Market: By End Use industry
- Automotive
- Consumer electronics
- Defense and aerospace
- Industrial
- Others
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