Laser Processing Market Overview with details Analysis, Competitive Landscapes, Market Forecast to 2020-2027
Market Research Future published a research report on “Laser Processing Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027
Market Highlights
Market Research Future (MRFR) announces the publication of its half-cooked research report—Global Laser Processing Market 2020–2026.
According to Market Research Future, the global laser processing market has been segmented based on product, laser type, application, end user, and region.
The rising demand for superior quality products along with shifting manufacturer’s inclination towards laser-based material processing is anticipated to propel the market growth. The increasing automation in industries has created opportunities for the manufacturers to develop robust laser processing tools. However, certain factors might hamper market growth. These include high deployment costs, lack of experts, and high technical complexities of laser processors.
Global Laser Processing Market is projected to register a 7.3% CAGR during the forecast period, 2020–2026.
Key Segments
Global Laser Processing Market has been segmented based on Product, Laser Type, Application, End-User, and Region.
By product, the laser processing market has been segmented into gas lasers, solid-state lasers, fiber lasers, and others.
By laser type, the laser processing market has been segmented into a fixed beam, moving beam, and hybrid beam.
By application, the laser processing market has been segmented into cutting, marking, welding, drilling, engraving, additive manufacturing, and others.
By the end-user, the laser processing market has been segmented into automotive, aerospace & defense, manufacturing, semiconductor & electronics, medical & life sciences, packaging, oil & gas, and others.
By region, the laser processing market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
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Regional Analysis
Global Laser Processing Market is estimated to grow at a significant rate during the forecast period, 2020 to 2026. The geographic analysis of laser processing has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East & Africa and South America). Among these regions, the North American region has dominated the laser processing market in 2019 and is likely to maintain its dominance throughout the study period. On the other hand, Asia-Pacific is expected to witness the fastest growth during the forecast period. The increasing demand for custom markings and engraving is expected to anticipate the growth of the Asia-Pacific over the forecast period.
Key Players
Some of the key players in the global laser processing market are Altec GmbH (Germany), ALPhANOV (France), Amada Co., Ltd (Japan), Bystronic Laser AG (Switzerland), Coherent Inc. (US), Epilog Laser, Inc. (US), Eurolaser GmbH (Germany), Han's Laser Technology Industry Group Co., Ltd. (China), IPG Photonics Corporation (US), Newport Corporation (MKS Instruments, Inc.) (US), Prima Industries (Italy), LaserStar Technologies Corporation (US), The Needham Group (Needham Coding) (England), Jenoptik Laser GmbH (Germany), Q-Peak Inc. (US), ROFIN-SINAR Technologies Inc. (US), SEI Laser (Italy), Trumpf GmbH + Co. KG (Germany), Universal Laser Systems, Inc. (Japan), Xenetech Global Inc. (US), Trotec Laser GmbH (Austria), FOBA (US), and Mitsubishi Electric (Japan).
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