MRO Magazine

Global Laser Cutting Machines Market to Be Propelled by Increasing Production of Vehicles Worldwide: Transparency Market Research

March 30, 2015
By Business Wire News


Transparency Market Research has announced the release of a report titled “Laser Cutting Machines Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.

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According to this report, growing at a 10.3% CAGR from 2014 to 2020, the global laser cutting machines market will reach US$4.37 billion by 2020 from US$2.16 billion in 2013.

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Surging global vehicle production, high demand for the aesthetics, and outclassing almost every substitute tools for cutting materials are the prominent factors that drive the global laser cutting machines market. This market is segmented on the basis of process, technology, end-use, and geography. Based on process, the market is segmented into sublimation cutting, flame cutting, and fusion cutting. Technology wise, the market is segmented into semiconductor, gas, and solid state lasers. On the basis of end-use, the laser cutting machines market is categorized into industry, defense and aerospace, consumer electronics, and automotives.

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Geographically, the global laser cutting machines market is classified into Asia Pacific, Europe, North America, and Rest of the World. In 2014, North America dominated the global laser cutting machines market and will continue to lead the global market in the forthcoming years as well. Asia Pacific holds the second-largest share in the laser cutting machines market. Furthermore, the Asia Pacific laser cutting machines market is anticipated to witness highest rate of growth during the forecast period. High demand for consumer electronics fuels the Asia Pacific market. Safety concerns with lasers, high initial investment, and high cost of maintenance are factors that hamper the growth of the global laser cutting machines market. Epilog Laser Inc., IPG Photonics Corporation and ALPHA Laser GmbH are some of the key companies in the market.

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About Transparency Market Research

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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