New Analysis from Global Industry Analysts Reveals Steady Growth for Laser Cutting Machines, with the Market to Reach $6.8 Billion Worldwide by 2026
Wednesday, October 27, 2021
SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Laser Cutting Machines - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 373
Companies: 105 - Players covered include ALPHA LASER GmbH; Amada Miyachi Co., Ltd.; Bystronic, Inc.; Coherent, Inc.; Epilog Laser, Inc.; IPG Photonics Corporation; Jenoptik AG; TRUMPF GmbH + Co. KG and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Automotive, Consumer Electronics, Defense and Aerospace, Industrial, Other End-Uses); Process (Fusion Cutting, Flame Cutting, Sublimation Cutting); Technology (Solid-State Lasers, Gas Lasers, Semiconductor Lasers)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Laser Cutting Machines Market to Reach $6.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Laser Cutting Machines estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$6.8 Billion by 2026, growing at a CAGR of 8% over the analysis period. Solid-State Lasers, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gas Lasers segment is readjusted to a revised 8.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1.2 Billion by 2026
The Laser Cutting Machines market in the U.S. is estimated at US$1.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2026 trailing a CAGR of 7.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.
Semiconductor Lasers Segment to Reach US$3.3 Billion by the year 2026
In the global Semiconductor Lasers segment, USA, Canada, Japan, China and Europe will drive the 7.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.
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