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Fiber Laser Cutting Machine Market is Expected to Grow With a CAGR of 3.7 Percent

In 2017, the 2D laser cutting segment generated the highest revenue share in the global fiber laser cutting machine market.

In 2017, the 2D laser cutting segment generated the highest revenue share in the global fiber laser cutting machine market. Among major regions, Asia-Pacific was the highest revenue generating market, holding nearly 48 percent of the market share, in 2017.

High ergonomics, fast operation and high power safety are some of the major factors which are driving the growth of 3D fiber laser cutting machines. Most of the 3D fiber laser cutting machines use pre-focused optical systems with appropriate deflection lenses, leading to enhanced focus accuracy, better transmission of laser light and smooth functioning of the machine. The continuous expansion of the automobile manufacturing industry, especially in the Asia-pacific region is expected to boost the sales of 3D fiber laser cutting machines during the upcoming years.

The 2D laser cutting segment led the global fiber laser cutting machines market in 2017 due to its surging applications in various industries.

2D fiber laser cutting machines are usually used for applications such as metal processing, aviation industry, sheet metal workshops, fast cutting of stainless steel, and many others. In addition, 2D technology is also used for the manufacturing of ships, metallurgical equipment, elevators, tools, and home appliances among others. The excellent beam quality, high focus power and impressive efficiency are the major factors which are propelling the growth of the market. Moreover, a continuous demand for sheet metal components from the industries such as automobile and locomotive is stimulating the growth of 2D fiber laser cutting machines in the respective sectors.

The eneral machinery processing segment emerged as the market leader with a share of nearly 40 percent, owing to the requirement of the finest cutting techniques in the sector.

The intricate and complex designs of blades, precise hole formations, and generation of cuts and groves in machines require the finest cutting techniques. Turbines, industrial pumps, and other huge machines require accurate designing and manufacturing, in order to avoid catastrophic end results caused due to minute manufacturing defects. A slightest flaw in the design or in the grooves of the component might cause the whole machine unit to collapse. In order to avoid such mishaps, several machine manufacturers are adopting fiber laser cutting machines in their workshops, which in turn is fuelling the growth of the segment in the global market.

Asia-Pacific held nearly 48 percent market share, in terms of revenue, of the global market in 2017. The segment is expected to grow with an impressive growth rate of 4.1 percent during the forecast period. China is one of the largest markets for automobiles and automotive parts in the world. A booming trend of e-vehicles is flourishing the growth of the fiber laser cutting machines market in China, as this technique is widely adopted for the cutting of intricate designs and component structures which are used in automobiles. In addition, a rapid expansion of electronics and semiconductor industry in countries such as Korea and Taiwan has paved the way for several growth opportunities in the regional market. Whereas, in India, the growth of the medical and automobile industries, along with various initiatives taken by the Indian government such as “Make in India” are propelling various regional and foreign manufacturers to invest in the country. This is expected to offer lucrative opportunities for the growth of fiber laser cutting market in the region.

Some key market players are Trumpf, Bystronic, Han’S Laser, Amada, Mazak, Penta-Chutian, LVD, Koike, DMG MORI, Coherent, Lead Laser, IPG Photonics, Tanaka, Mitsubishi Electric, Prima Power, Tianqi Laser, Golden Laser, Unity Prima, Cincinnati, HE Laser, Tianhong Laser, HG Laser, and Boye Laser.

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