Today, laser is a proven industrial tool and a growing commodity in every segment. Laser cutting machines enables metal fabricators to create high quality metal parts that need less finishing work. Today, laser cutting machines offer substantial benefits over mechanical cutting which includes short cycle time due to high dynamics, minimal machine footprint, integrated laser beam guide, and speed. Laser cutting machines can cut wide variety of industry materials of varying thickness and shape. Due to recent developments in type of lasers, even small and medium sized businesses are using laser cutting machines for their industry. Numerous materials that can be cut using laser cutting machines include ceramics, precious and non ferrous metals, stainless and high alloyed steel among others.
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The major driving force for laser cutting machines includes mandatory regulations imposed by government for use of laser machines. Additionally, emerging applications in gas and oil exploration field is driving the laser cutting machines market. Precision in product development is one of the key factors contributing to the growth of this market. The major restraint of this market includes high cost of maintenance and high initial investment needed in laser cutting machines. Additionally, safety concerns with lasers are one of the key challenges faced by this market. The need for high system efficiency, reduced floor space and minimum maintenance and operating cost requirement have led to advancement in traditional laser cutting technologies. Improvements in lasers, systems and processes are expected to provide major opportunity for laser cutting machines market.
The recent advent of disk and fiber lasers has reshuffled the conventional CO2 laser cutting market. The major types of laser cutting machines include gas lasers, fiber lasers, semiconductor lasers and solid state lasers. Numerous types of gas lasers include excimer lasers and CO2 lasers. Various types of solid state lasers include ND:YAG and ER:YAG. The key application areas of laser cutting machines include semiconductor and electronics industry, consumer electronics, commercial, automotive, architectural and aerospace industry. Each of these industries has their own requirement in terms of flexibility, speed, quality, accuracy and affordability of laser cutting machines.
Geographically, North America held the largest share of laser cutting machine market in 2012. In Asia Pacific, Korea and China leads the laser cutting machine market. Due to stiff competition among players, the laser cutting machine industry is experiencing fall in prices. Currently, the economic conditions are influencing the buying decisions.
Some of the key participants in the market include Lumena, FORTRAN, Chevron Phillips Chemical, Celanese Corporation, Kureha Corporation, Bayer AG, SK Chemicals, Polyplastics, Toray Industries, Lumena, Zhejiang NHU and Haohua Honghe Chemical Co. Ltd. among others.
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
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