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Laser Cutting Machines: Precision forms the Backbone of the Global Industry

Laser Cutting Machines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020. Laser Cutting Machines Market to Reach US$4.37 Billion by 2020, With Expansion in Vehicle Production.
Published 30 November 2015
Laser cutting technology was first used in 1965 to drill holes in diamond dies. A machine developed by the Western Electric Engineering Research Center was used for this purpose. Two years later, British engineers engineered a laser-assisted machine that would cut metals with an oxygen jet. By the early 1970s, laser cutting machines were manufactured to cut titanium required in aerospace industry applications. During the same time, laser cutting machines were developed to work on CO2 to cut textiles.
 
 
Today, laser cutting machines are an integral part of several industries and an indispensible commodity for every segment. A simple tool such as a laser cutting machine allows metal fabricators or sculptors to cut out or create supreme quality metal parts with relative ease and efficiency. The biggest advantage of using laser cutting machines is that it saves time, supports minimal machine footprint, improves speed, and provides integrated laser beam guide. Laser cutting machines are used to cut a wide range of materials of varying thickness into desired shapes. Materials such as iron, steel, glass, ceramics, and alloys can be cut using laser cutting machines. With rapid technological developments, the global laser cutting machine market is getting fragmented into various regions, types of lasers, and technologies.

 

Need for Precision Drives the Global Laser Cutting Machine Market

 
The biggest driving factor for the global laser cutting machine market is the regulation imposed by governments regarding their use. Ensuring that the product has the desired precision is one of the most crucial factors leading to the growth of the global laser cutting machines market. In addition to this, growing number of applications of laser cutting technology in gas and oil exploration is also guiding the global laser cutting machine market on the path of success.
 

Huge Capital Investments Act as a Hindrance

 
The global laser cutting machine market faces certain restraints such as high capital investment and high cost of maintenance. Complex safety concerns further cripple the growth of this market. 
 

Innovative Technology is a Lucrative Area for Growth

 
Ever since the laser cutting technology was developed, advancements in its techniques have been driven by the growing need for efficiency, minimum floor space, and lower maintenance and operating costs. The global laser cutting machines market has the potential to grab a larger share of the market by making improvements in lasers, systems, and processes.
 

Crucial Components of the Global Laser Cutting Machines Market

 
Advancements in technologies that have led to the invention of disk and fiber lasers have started to dominate the traditional CO2 laser cutting machines market. Some of the other types of laser machines in the global laser cutting machine market are gas lasers, semiconductor lasers, fiber lasers, and solid state lasers. The gas lasers sub-segment further includes excimer lasers and CO2 lasers; while solid state lasers are ND:YAG and ER:YAG. 
 

Important Applications of Laser Cutting Machines

 
Some of the important applications of laser cutting machines are seen in industries such as consumer electronics, semiconductor and electronics, commercial, architecture, automotive, and aerospace. The type of laser cutting machine used in these industries differs on the basis of flexibility, accuracy, speed, and affordability of the industry in question. 
 
Some of the key players in the global laser cutting machines market are DPSS Laser Inc., Bystronic Inc., Alpha Nov Laser, Xenetech Global Inc., Prima Industries S.P.A, IPG Photonics Corporation, Coherent Inc., Trotec Laser Inc., Universal Laser Systems Inc., Alltec GMBH, and Rofin-Sinar Technologies Inc. 
 
In 2012, North America held the biggest share of the global laser cutting machine market while Asia Pacific led the eastern market with huge contributors such as China and Korea. Presently, the global laser cutting machines market is facing stiff competition which is leading to a drop in prices. However, ever-changing economic conditions will determine the future of this market.
 
Browse Full Global Laser Cutting Machines Market Report With Complete TOC @ http://www.transparencymarketresearch.com/laser-cutting-machines.html
 

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