Transparency Market Research

Laser Cutting Machines Market to Reach US $4.37 Billion by 2020, with Expansion in Vehicle Production

Laser Cutting Machines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

 

Albany, NY -- (SBWIRE) -- 07/20/2015 -- A new Transparency Market Research report states that the market for laser cutting machines will expand at a CAGR of 10.3% from 2014 to 2020. In 2013, the market stood at US$2.16 billion and is predicted to reach US$4.37 billion in 2020. The title of the report is "Laser Cutting Machines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020."Laser cutting machines utilize laser beams for cutting materials, namely plastic, fabric, wood, acrylic, and several other materials which are non-metallic. The laser cutting machines are primarily utilized for improving the efficiency of work and for reduction of costs. The global laser cutting machines market is majorly stimulated by the expansion in vehicle production and increase in demand for aesthetics worldwide. The demand in appliances with high technology, namely personal computers and home entertainment systems is on the rise and laser cutting machines are utilized in the manufacturing and designing of these appliances. 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.

Browse the full Laser Cutting Machines Market at
http://www.transparencymarketresearch.com/laser-cutting-machines.html

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). In 2014, North America dominated the global laser cutting machines market owing to its robust industrial sector. Asia Pacific held the second position and is the most swiftly developing region in the market for laser cutting machines. The increase in sale of consumer electronics is the key factor fuelling the uptake of laser cutting machines in this region. The prominent companies in this market include Amada Miyachi CO, Bystronic Incorporation, ALPHA Laser GmbH, Coherent Incorporation, DPSS Lasers Incorporation, Trumpf Laser GMBH + Co. Kg and IPG Photonics Corporation, among others.

Browse the full Laser Cutting Machines Market Press Release at
http://www.transparencymarketresearch.com/pressrelease/laser-cutting-machines.htm

The laser cutting machines market has been segmented as follows:

Laser Cutting Machines Market: By geography

North America
Europe
Asia Pacific
Rest of the World

Laser Cutting Machines Market: By technology

Solid state lasers
Gas lasers
Semiconductor lasers

Laser Cutting Machines Market: By process

Fusion cutting
Flame cutting
Sublimation cutting

Laser Cutting Machines Market: By end use industry

Automotive
Consumer electronics
Defense and aerospace
Industrial
Others

The report provides a cross-sectional analysis of all the above segments with respect to the following regions:

North America
Europe
Asia Pacific
Rest of the World (RoW)

Get Sample Report at
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2653

About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact:
Mr. Atil Chaudhari
90 State Street, Suite 700
Albany, NY 12207
Tel: 518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com