US Laser Cutting Machine Market to Grow by USD 78.85 Million | Coherent Inc. and Conzzeta Management AG among top vendors

Supplier Landscape and Range

The US laser cutting machine market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Coherent Inc., Conzzeta Management AG, DMG MORI Co. Ltd., IPG Photonics Corp., Koike Aronson Inc., Laserline GmbH, Mitsubishi Electric Corp., TRUMPF GmbH + Co. KG and Wuhan HGLaser Engineering Co. Ltd., among others Others are among the few key vendors competing to maintain their market position.

The report also covers the following areas:

See more on the highlights of the market vendor landscape with a comprehensive list of vendors and their offerings.

Key market segmentation

  • Segmentation by product:
    • Fiber:
      • The fiber segment will largely contribute to the overall market growth over the forecast period.
      • The segment will be driven by growing demand from end-user industries, such as automotive, aviation, electrical and electronics, aerospace and defense.
    • solid state
    • Diode
    • Others
  • Segmentation by end user:
    • Automotive:
      • The automotive industry is the primary user of laser cutting machines, which are used to cut metal parts deployed in almost all automotive vehicle systems, ranging from fuel systems to airbag components.
    • Aeronautics and defense
    • Electrics and electronics
    • Industrial machinery
    • Others

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Latest trends and market drivers

  • Market engine:
    • Increasing digitization in manufacturing processes:

      The application of robotics in the metal industry ranges from applications such as cutting, cleaning various materials, marking and drilling. Flexibility in using automated solutions and standardization of laser cutting machines have increased the demand for automated laser cutting machines among end user industries.

  • Market trend:
    • Increasing digitization in manufacturing processes:

      A diverse range of industrial devices are equipped with embedded technology and are part of the Industrial IoT network, such as motors, drives and sensors, which are used in manufacturing processes. Therefore, suppliers are focusing on using automation and connecting laser cutting machines to a communication network and providing full integration across the entire production line using IoT.

Find additional information on various other market drivers and trends mentioned in our sample report.

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Highlights

  • Market CAGR over the forecast period 2020-2024
  • In-depth information on factors that will contribute to the growth of the United States laser cutting machine market over the next five years
  • Estimation of the United States laser cutting machine market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the US laser cutting machine market
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Comprehensive details of the factors that will challenge the growth of the United States Laser Cutting Machine Market vendors

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Scope of the US laser cutting machine market

Report cover

Details

Page number

120

base year

2019

Forecast period

2020-2024

Growth momentum and CAGR

Accelerate at a CAGR of 3%

Market Growth 2020-2024

$78.85 million

Market structure

Fragmented

Annual growth (%)

2.31

Regional analysis

WE

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Coherent Inc., Conzzeta Management AG, DMG MORI Co. Ltd., IPG Photonics Corp., Koike Aronson Inc., Laserline GmbH, Mitsubishi Electric Corp., TRUMPF GmbH + Co. KG and Wuhan HGLaser Engineering Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Fiber – Market size and forecast 2019-2024
  • Solid-state – Market size and forecast 2019-2024
  • Diode – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by product

Market segmentation by end user

  • Market segments
  • Comparison by end user
  • Automotive – Market size and forecast 2019-2024
  • Aerospace and Defense – Market size and forecast 2019-2024
  • Electricity and electronics – Market size and forecast 2019-2024
  • Industrial machinery – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by end user

Customer landscape

  • Customer landscape
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Coherent Inc.
  • Conzzeta Management SA
  • DMG MORI SA
  • Han’s Laser Corp. ltd.
  • IPG Photonics Corp.
  • Koike Aronson Inc.
  • Laserline GmbH
  • Mitsubishi Electric Corp.
  • TRUMPF GmbH + Co. KG
  • Wuhan HGLaser Engineering Co.Ltd.

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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