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

Europe Laser Cutting Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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

Europe Laser Cutting Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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 is provided for

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Europe Laser Cutting Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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