#Laser #Cutting #Machines #Market #Worth #USD #Billion
New York, US, Oct. 10, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Laser Cutting Machines Market Information Report, By Technology, Process, End User and Region – Global Forecast To 2030, the market is anticipated to acquire a valuation of approximately USD 5.96 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 8.40% during the assessment timeframe.
Laser Cutting Machines Market Overview:
The laser cutting machines market is projected to garner sizable gains, witnessing growing customer demands for enhanced efficiency. Laser technology allows a significant increase in cutting speed and production while preventing the oxidation of materials. These machines combining high power with productivity allow large-format cuts, including flat cut (2D) and bevel cut options. Laser cutting machines can be integrated with automation solutions to optimize performances of loading-unloading, storage, and intelligent sorting of parts.
Key players involved in the laser cutting machines market are-
- Jenoptik Laser GmbH (Germany)
- Coherent Inc. (US)
- Bystronic Incorporated (US)
- IPG Photonics Corporation (US)
- Epilog Laser Inc. (US)
- Trumpf GMBH (Germany)
- MKS Instruments (US)
- Amada Miyachi Inc. (US)
- LancerFab Tech Pvt. Ltd. (India)
- Alpha Laser (US)
- Jiangsu Dajin Laser Science and Technology Co., Ltd. (China)
- Xenetech (US)
- Trotec Lasers (US)
- Universal Laser Systems(US)
- Han’s Laser Smart Equipment Group Co., Ltd(China)
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The market witnesses vast demand for tailor-made laser and waterjet cutting machines that can be integrated with scalable, intelligent automation systems as well as production management solutions for autonomous and strategic decision-making. Furthermore, digital transformation, optimization of the manufacturing process, and the growing adoption of Smart Factory drive the…
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