Growth in vehicle production fuels laser cutting machines market

Transparency Market Research report states that the market for laser cutting machines will expand at a CAGR of 10.3% from 2014 to 2020.

 

Additionally, the fast cutting speed as well as the enhanced quality of cutting are also among the major factors fuelling the growth of the market for laser cutting machines.

 

In terms of technology, the laser cutting machines are segmented into gas lasers, solid state lasers, and semiconductors lasers. Among these, in 2014, the solid state lasers represented the greatest market revenue share and will maintain this supremacy throughout the forecast horizon. The reason for the soaring demand of this type of lasers is their broad utilization in industries such as consumer electronics, automotive, aerospace, and defense. On the basis of process, the laser cutting machines are segmented into flame cutting, fusion cutting, and sublimation cutting. Among these, the process of flame cutting led the market due to its improved quality and cutting finish as well as speed. Besides flame cutting, fusion cutting is the second most prevalent process utilized in the laser cutting machines market.

 

In terms of end-use industry, the laser cutting machines are segmented into consumer electronics, automotive, defense and aerospace, industrial, and others. Among these segments, the industrial segment held the biggest share in the global laser cutting machines market because of increasing industrialization in the developing nations worldwide. On the other hand, the consumer electronics sector is the most swiftly expanding end-use industry in the laser cutting machines market and is predicted to witness exponential growth in the coming future.On the basis of geography, the laser cutting machines market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW).