Laser Cutting Machines Market Size, Share, Report 2023-2032
The global laser cutting machines market size was estimated at around USD 6.87 trillion in 2022 and it is projected to hit around USD 11.79 trillion by 2032, growing at a CAGR of 5.55% from 2023 to 2032. The laser cutting machines market in the United States was accounted for USD 1.5 billion in 2022.
Key Pointers
Report Scope of the Laser Cutting Machines Market
| Report Coverage | Details |
| Revenue Share of Asia Pacific in 2022 | 40.98% |
| CAGR of Asia Pacific from 2023 to 2032 | 6.35% |
| Revenue Forecast by 2032 | USD 11.79 trillion |
| Growth Rate from 2023 to 2032 | CAGR of 5.55% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | Alpha Laser GmbH; Amada Miyachi Co. Ltd; Bystronic Inc.; Coherent Inc.; DPSS Laser Inc.; Epilog Lasers Inc.; Fanuc Corporation; IPG Photonics Corporation; Jenoptik Laser GmbH; Kern Lasers System; Rofin-Sinar Technologies Inc.; Trumpf Laser GmbH + Co. Kg; Avid Identification Systems, Inc. |
Over the forecast period, it is anticipated that the growing trend of automation in the manufacturing sector and the rising demand for the end-use industry will increase demand for these machines.
The growing application of CO2, fiber, and Yttrium Aluminum Garnet (YAG) lasers in various applications, such as industrial sectors and consumer electronics, is predicted to boost the demand for laser cutting machines. Industries such as consumer electronics are contributing to the market growth owing to the increasing use of lasers in material processing operations such as pruning, welding, and engraving. Furthermore, the requirement for high-power input and performance-based cutting tools drives demand and market growth for laser cutting machines over the forecast period.
The development of innovative process lasers to maximize the manufacture of tailored three-dimensional glass elements, as well as a shift out of traditional semiconductor lasers and towards quantum cascade lasers, will likely drive up the demand for laser cutting machines. Continuous developments in laser technology enable manufacturers to engage in R&D to obtain a competitive advantage. Furthermore, due to the demand for high-speed and precision cutting and drilling the integration of the Internet of Things, Artificial Intelligence, and automation software with drilling machines is also supporting the laser cutting machine industry’s growth.
Major players are resorting to strategies such as product launches, mergers & acquisitions, and expansions to gain greater market shares. For instance, in May 2022, Yamazaki Mazak Pvt. Ltd. announced the launch of 3D based fiber laser cutting machine for cutting steel products- FG -400 NEO. The 3D laser is equipped with an efficient laser fiber oscillator which offers efficient energy conversion and enhanced productivity.
The laser is also compatible with cutting copper, brass, and aluminum. The laser is outfitted with a feature that enables users to easily modify the laser beam's diameter and form, enabling the cutting of sheets of different thicknesses. The oscillator's maximum output is limited to 4 kW, along with a rapid input rate on the X, Y, and Z axes is 60, 36, and 30 m/min, respectively. The continuous launch of advanced products is contributing to the laser cutting machine industry’s growth.
Technology Insights
Based on technology, the market is divided into solid state lasers, gas lasers and semiconductor lasers. Among these, the solid-state laser cutting machine segment accumulated the highest market share of 43.29 % in 2022. The growth is attributed to the increasing usage of solid-state lasers cutting machine in industries such as automotive, pharma, and optical industry employee solid-state lasers for precision cutting.
Solid state laser cutting machine enables flexibility, high efficiency, low energy consumption, shorter wavelength, and low cost; these advantages support segmental growth. Furthermore, because this technology is being widely used in medical fields like endoscopy, dentistry, and skin rejuvenation, demand for the solid-state laser cutting machine is anticipated to rise over the course of the forecast period. In the fields of consumer electronics, defense, and healthcare, lasers like CO2, YAG, and fiber are employed more frequently.
The gas laser segment is expected to have the highest CAGR of 6.15% from 2023 to 2032. A surge in the demand for enhanced laser cutting machine equipment and tools is driving the market for the use of these lasers. They are widely used for laser printing, barcode scanning, dye laser pumping, and hologram generation.
Application Insights
Based on application, the market is categorized into consumer electronics, industrial, defence and aerospace, automotive and other. Among these, the industrial segment held the highest market share of 39.85% in 2022. The growth is attributed to the increasing manufacturing output across developing nations is a factor responsible for the growth. The industrial sector is expanding as a result of the expanding use of these machines to clean parts and moulds during the manufacturing process.
The consumer electronics segment is expected to have the highest CAGR of 6.26% from 2023 to 2032.These laser cutting machine are employed in consumer electronics and other devices for cutting and welding. To cut printed circuit boards, iPhone displays, and casings, laser-based equipment are frequently employed. Additionally, it is anticipated that over the forecast period, demand for the machines will rise due to the short shelf life of these devices.
Process Insights
Based on process, the market is divided into fusion cutting, flame cutting, and sublimation cutting. Among the three, the flame cutting segment had the largest market share of 43.74% in 2022. The growth of the flame-based laser cutting machine is attributed to improved finish, precision cutting, and fast cutting speeds. The demand for small steel and carbon alloy timing is expected to increase, and the demand for flame cutting process over the forecast period.
The fusion cutting segment is expected to have the fastest CAGR of 6.13% from 2023 to 2032.The fusion laser cutting machine method is suitable for developing and manufacturing electric motors, owing to its ease of cutting structural steel and electrical sheets. Moreover, the process is anticipated to grow over the forecast period due to its high flexibility and quick cutting speed.
Regional Insights
The Asia Pacific region had the largest market share of 40.98% in 2022 and is expected to witness a CAGR of 6.35% during the forecast period. The regional growth is attributed to the presence of economies such as China, Japan, India, Vietnam, and South Korea, among others, with a strong presence in the manufacturing industry.
The growing presence of consumer electronics and automotive manufacturers in the region is expected to further propel the market growth. The growing adoption of automation in laser-cutting machinery is another factor that is augmenting regional laser cutting machine industry’s growth.
Laser Cutting Machines Market Segmentations:
By Technology
By Process
By Application
By Regional
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Technology Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Laser Cutting Machines Market
5.1. COVID-19 Landscape: Laser Cutting Machines Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Laser Cutting Machines Market, By Technology
8.1. Laser Cutting Machines Market, by Technology, 2023-2032
8.1.1 Solid State Lasers
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Gas Lasers
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Semiconductor Lasers
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Laser Cutting Machines Market, By Process
9.1. Laser Cutting Machines Market, by Process, 2023-2032
9.1.1. Fusion Cutting
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Flame Cutting
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Sublimation Cutting
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Laser Cutting Machines Market, By Application
10.1. Laser Cutting Machines Market, by Application, 2023-2032
10.1.1. Automotive
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Consumer Electronics
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Defense and Aerospace
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Industrial
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Laser Cutting Machines Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Technology (2020-2032)
11.1.2. Market Revenue and Forecast, by Process (2020-2032)
11.1.3. Market Revenue and Forecast, by Application (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Process (2020-2032)
11.1.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Process (2020-2032)
11.1.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.2. Market Revenue and Forecast, by Process (2020-2032)
11.2.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Process (2020-2032)
11.2.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Process (2020-2032)
11.2.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Process (2020-2032)
11.2.6.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Technology (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Process (2020-2032)
11.2.7.3. Market Revenue and Forecast, by Application (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.2. Market Revenue and Forecast, by Process (2020-2032)
11.3.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Process (2020-2032)
11.3.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Process (2020-2032)
11.3.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Process (2020-2032)
11.3.6.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Technology (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Process (2020-2032)
11.3.7.3. Market Revenue and Forecast, by Application (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.2. Market Revenue and Forecast, by Process (2020-2032)
11.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Process (2020-2032)
11.4.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Process (2020-2032)
11.4.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Process (2020-2032)
11.4.6.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Technology (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Process (2020-2032)
11.4.7.3. Market Revenue and Forecast, by Application (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.5.2. Market Revenue and Forecast, by Process (2020-2032)
11.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Technology (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Process (2020-2032)
11.5.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Technology (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Process (2020-2032)
11.5.5.3. Market Revenue and Forecast, by Application (2020-2032)
Chapter 12. Company Profiles
12.1. Alpha Laser GmbH
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Amada Miyachi Co. Ltd
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Bystronic Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Coherent Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. DPSS Laser Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Epilog Lasers Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Fanuc Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. IPG Photonics Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Jenoptik Laser GmbH
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Kern Lasers System
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers