The Prediction of Laser Cutting Industry in Next Five Years
Laser cutting has always been one of the most widely used laser processing applications. Pulsed laser is suitable for metallic materials, continuous lasers are suitable for non-metallic materials. Combined with computer-controlled automatic equipment, the laser beam has unlimited contour cutting capability and easy to modify cutting path. Laser cutting has the advantages of mechanical deformation, no tool wear, and it’s easy to achieve automated production.
Now, laser cutting is widely used in sheet metal processing, metal processing, advertising production, kitchen utensils, automobiles, lamps, saw blades, elevators, metal crafts, textile machinery, grain machinery, glasses production, aerospace, medical equipment, instrumentation and other industries. In particular, it has replaced traditional processing methods in the sheet metal processing industry and is favored by industry users.
The worldwide market for Laser Cutting Machine is expected to grow at roughly 9.7% over the next five years, will reach 5880 million US$ in 2024, from 3360 million US$ in 2019, according to study. In terms of product type, the key segments into which the industrial laser market is classified are CO2 lasers, solid state lasers, fiber lasers, and others.
In particular, the fiber lasers have been the main battlefield of competition among manufacturers.
Europe has been the largest production market with a market share of 29.42% in 2012 and 26.78% in 2017 with a decrease of 2.64%. North America ranked the second market with the market share of 24.76% in 2016.
Laser Cutting Machines product demand market there is also a certain space, but basically showing the scarcity of high-end products, and low-end products, excess capacity. Along with the development of Chinese domestic Laser Cutting Machines, Chinese domestic Laser Cutting Machines has been very mature and advanced, and the performance distance has been shortening compared with the imported Laser Cutting Machines.
In the meantime, as large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese Laser Cutting Machines industry is not only begin to transit to high-end Laser Cutting Machines products, while still extend in the resource-rich land and downstream industry chain.
Some key companies operating in the global industrial laser market are TRUMPF, Coherent, Hypertharm Inc., Apollo Instruments, Amonics Ltd., IPG Photonics, Clark MXR, Calmar Laser Inc., 3 SP Technologies S.A.S., and Han’s Laser Technology are choosing to enter into partnerships with Chinese enterprises to expand their product offerings and tap into growth opportunities in local markets.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.