Europe Laser Cutting Market – Size, Outlook, Trends and Forecast (2024 – 2032)

The laser is a clear and focused beam of photons which is lucid. The abbreviation for the laser stands for light amplification by stimulated emission of radiation. Laser cutting is a type of technology that uses to cut materials and is generally used for industrial manufacturing applications, and also in small-scale industries. Laser cutting machines involve casting a laser cutting beam on the workpiece then melting it and evaporating the target area by using enough heat by the laser cutting.

Laser cutting works with a principle of delivering high power laser cutting through optics. Optics are used to deliver the laser cutting beam.

 Europe Laser Cutting Market Size & Growth:

The Europe laser cutting market accounted for $XX billion in 2017, and it is expected to attain XX billion by 2024. Europe laser cutting market forecast during 2019-2025 is expected to grow with a CAGR of XX%.

Drivers that influencing laser cutting market growth are high demand from the end-user industries. Increasing need for automation in the manufacturing industry tends to increase the market growth.

On the flip side, large expenditure on research & development and high-power consumption are the factors that are hampering the market growth.

Increasing adoption of high equipment of lasers and implementation of the laser to optimise production enhances the growth of the market in future.

Europe Laser Cutting Market Share:

The Europe laser cutting market is segregated into type, Technology, Process, End User Industry and region.

Based on the type, the market is divided into equipment and services. Where equipment factor is the fastest-growing segment as many industries use only equipment base compared to services.

Based on Technology, Europe laser cutting market segmentation includes Solid state lasers, gas state lasers and semiconductor lasers. Among these, gas lasers are estimated to grow at a CAGR of over 9.4% from 2016 to 2024. These lasers have an increasing demand for improved machine tools and equipment in making holograms, dye laser pumping, barcode reading, and laser printing which leads to an increase in market growth.

By process, laser cutting market segmentation includes Fusion cutting, Flame cutting, and Sublimation cutting. Among all these, The fusion cutting process is estimated to be the fastest-growing segment at a CAGR of over 9.4% from 2016 to 2024. Fusion cutting offers the benefit of producing oxide-free cutting edge suitable for cutting of thin sheets.

By end user, laser cutting market segmentation includes Automation, Consumer Electronics, Defense and Aerospace, Industrial and others. Among these, the top impacting factor is automation which impacts in market growth owing to increasing demand for laser cutting machines.

By geography, Europe is divided into UK, Germany, France, Russia, Spain and Italy. Among these regions, Russia is estimated to hold the largest share of the market during the forecast period. Russia is projected to be the fastest-growing region owing to the demand for cost-effective and fast processing laser machine tools from the semiconductor, industrial, telecommunication, and automotive vertical, cost advantages and initiatives by different countries in this region are expected to boost the domestic manufacturing and enhances for the growth of the laser technology market.

According to Europe laser cutting market overview, the market share of unorganised players is expected to increase in coming years in the Europe forecast period 2019-2025. The laser cutting market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

Major players are operating the laser cutting market Trumpf Laser GmbH + Co. KG, IPG Photonics Corporation, Coherent Inc., and Rofin-Sinar Technologies Inc.

Europe Laser Cutting Market Trends:

• April 2015 – Trumpf Group buys high-power fibre-laser maker JK Lasers for $31.5 million.
• November 2016 – Coherent Inc. announced the closing of the acquisition of ROFIN-SINAR technologies, Inc.

Europe Laser Cutting Market Research Report:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
• Regional and Europe diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering the market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • Trumpf Laser GmbH
  • Alpha Laser GmbH
  • Amada Miyachi Co. Ltd
  • Bystronic Inc.
  • Coherent Inc.

Along with these companies, there were many other companies considered/ cited in the report while analysing the laser cutting market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.