Global Laser Cutting Machine Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Laser Cutting Machine Market 2021 (Includes Business Impact of COVID-19)
Global Laser Cutting Machine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global laser cutting machine market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global laser cutting machine market report has been segmented on the basis of technology, process, end user, and region.
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Introduction:

Laser cutting machines are capable to cut materials ranging from steel to plastic with absolute precision. It is an important manufacturing tool required for manufacturing components with complex geometry, across various industries such as machine tool industry, automotive industry, consumer electronics, and other manufacturing industries. Laser cutting technology uses lasers such as CO2, solid-state, and fiber to cut metal and materials.

Dynamics:

Rapid industrialization in developed and developing countries, and manufacturers approach towards automation, coupled with increasing demand for industrial machineries to reduce human involvement for improving metal processing quality are major factors expected to driver growth of the global laser cutting machine market. In addition, technological advancements in metal cutting tools and rising production and sales activities across various industry vertical is resulting in growing demand for laser cutting machines in order to increase operational efficiency and reduce production down time. These are among other factors expected to support growth of the global market to certain extent.

Moreover, increasing vehicle production every year in developing countries and in order to cater the growing adoption of laser cutting machine by automotive industry for better quality output is another factor expected to support growth of the target market.

In addition, increasing demand for laser cutting machines from in Aerospace and defense sector for cutting parts with precision and in accurate shapes is another factor expected to support growth of the global market.

However, availability of other alternatives solutions is a major factor expected to challenge growth of the global laser cutting machine market.

Increasing expansion activities through various merge and acquisition activities among regional and international players is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, rapid industrialization in developing countries, coupled with increasing investment for automation is resulting in increasing adoption of laser cutting machine which is expected to further support growth of the global market.

Region Analysis:

The market in North America is expected to dominate the global laser cutting machine market and is expected to continue its dominance over the forecast period. This dominance can be attributed to increasing demand from aerospace industry and presence of major players operating in the countries in this region. The market in Asia Pacific is expected to witness faster growth, owing rapid industrialization, increasing number of manufacturing units, and presence of prominent players operating in the emerging economies in this region. In addition, growing automotive sale in this region, flourishing electronic sector is further expected to support growth of the market in this region. The market in Europe is expected to contribute significant revenue share in the global market, owing to increasing demand from automotive and food & beverage sector.


Below are the active patents related to Laser Cutting Machine Market.


Patent Number: US8530783B2

Laser cutting system

Abstract

A laser cutting system including a chamber configured to provide a controlled environment while the laser is being used to cut a pattern into a material to reduce or eliminate heat and oxygen related changes to the mechanical characteristics of the material. A system for providing a gas to the controlled environment within the chamber, as well as a means for exhausting gas and cutting debris from the chamber is also described. A cutting mandrel that provides for flow of a shielding gas and also provides a means for dispersing a laser beam before it can produce unwanted damage to a section of tubing is also described.

Application filed by Date: 2010-02-03

Application Granted Date: 2013-09-10

Current Assignee:  Abbott Cardiovascular Systems Inc

Patent Number: US8530783B2

Laser cutting system

Abstract

A laser cutting system including a chamber configured to provide a controlled environment while the laser is being used to cut a pattern into a material to reduce or eliminate heat and oxygen related changes to the mechanical characteristics of the material. A system for providing a gas to the controlled environment within the chamber, as well as a means for exhausting gas and cutting debris from the chamber is also described. A cutting mandrel that provides for flow of a shielding gas and also provides a means for dispersing a laser beam before it can produce unwanted damage to a section of tubing is also described.

Application filed by Date: 2010-02-03

Application granted Date: 2013-09-10

Current Assignee: Abbott Cardiovascular Systems Inc

Patent Number: US8217303B2

Dual gas laser cutting of medical devices

Abstract

A system prevents oxidation of a laser cut workpiece by utilizing a laser source that utilizes laser source with an inert gas, such as argon or helium, rather than air or oxygen, to create the slots or kerfs which form the pattern cut into the workpiece. The system introduces oxygen gas through the workpiece as it is being laser cut to oxidize any slag or dross created during the laser cutting process. Oxygen or a mixture of oxygen with other gases cools the slag and the workpiece while at the same time oxidizing the slag to either completely burn or partial burn the slag before it strikes an exposed surface of the tubular member.

Application filed by Date: 2009-03-16

Application Granted Date: 2012-07-10

Current Assignee: Abbott Cardiovascular Systems Inc

Global Laser Cutting Machine Market Segmentation:

By Technology:

  
Solid-State Lasers
  
Gas Lasers
  
Semiconductor Lasers

By Process:

  
Fusion Cutting
  
Flame Cutting
  
Sublimation Cutting

By End User:

  
Automotive
  
Consumer Electronics
  
Defense and Aerospace
  
Industrial
  
Others


Key Market Players included in the report:


  
ALPHA Laser GmbH
  
Amada Miyachi Company, Ltd.
  
Bystronic Incorporated
  
Coherent Incorporation
  
CTR Lasers
  
Epilog Laser Inc.
  
IPG Photonics Corporation
  
Jenoptik Laser GmbH
  
Jinan SENFENG Technology Co.Ltd.
  
Kern Laser Systems
  
Koike Aronson Inc.
  
Nissan Tanaka Corporation
  
Rofin-Sinar Technologies Inc.
  
Trumpf Laser GmbH + Co. KG.
  
Universal Laser SystemsInc.