The Latin America, Middle East and Africa Laser Cutting Machines Market should witness market growth of 8.3% CAGR during the forecast period (2023-2029).
Fiber laser cutting has advantages such as precise, high-quality cuts, an enhanced process for micro-cutting, and the ability to shape structural steel, making it the preferred method among manufacturers. In addition, the popularity of fiber laser cutting equipment is fueled by several important characteristics, such as ergonomics, speed of operation, and high-power safety. In addition to that, the majority of these machines use pre-focused optical systems that are equipped with the required deflection lenses. This improves focus precision, laser light transmission, and overall performance. Thus, the emergence of innovative new technologies is propelling market expansion.
The growth of the market results from the competitive technology's various advantages, such as high processing speed, smooth finish, and simple programming. In addition, the increase in demand for processing various materials, such as wood, plastic, and metals, will likely result in expanding the laser-cutting machines market. In addition, predictive analysis entices manufacturers to engage in industry 4.0 solutions because it reduces maintenance and replacement costs by notifying them of the machine's operational status in advance.
The Roads and Transport Authority (RTA) has also waived public parking costs for EVs licensed in Dubai for two years and given free Salik stickers to those registered in the Emirate. In addition, on September 1, 2017, DEWA started providing free charging to all EV users registered for the DEWA EV Green Charger Initiative. The incentive extension became effective on January 1, 2020, and it will last for all non-commercial EV consumers signed up for the program through December 31, 2021.
To meet the Kingdom's 2030 target of producing 300,000 vehicles annually with 40% local content, the National Industrial Development Center (NIDC) plans to hire three to four original equipment manufacturers along the ICE and EV value chain. In addition, NIDC encourages industrialization by offering funding, tax breaks, and tariff exemptions. For businesses looking for joint venture agreements in the Kingdom, the demand for car body panels, tires, seats, wheel components, seat belts, rear indicator light covers, fuel pumps, headlamps, bumpers, and engine covers presents prospects for entry or expansion, which will support the growth of the LAMEA market.
The Brazil market dominated the LAMEA Laser Cutting Machines Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $191.4 million by 2029. The Argentina market is showcasing a CAGR of 8.9% during (2023-2029). Additionally, The UAE market would exhibit a CAGR of 8.1% during (2023-2029).
Based on Application, the market is segmented into Industrial, Automotive, Consumer Electronics, Defense & Aerospace, and Others. Based on Technology, the market is Solid State Lasers, Gas Lasers, and Semiconductor Lasers. Based on Process, the market is Flame Cutting, Fusion Cutting, and Sublimation Cutting. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AMADA CO., LTD., TRUMPF SE + Co. KG, FANUC Corporation, Bystronic Laser AG, Coherent Corp., IPG Photonics Corporation, Jenoptik AG, DPSS Lasers, Inc., Epilog Laser, and Kern Laser Systems.
Fiber laser cutting has advantages such as precise, high-quality cuts, an enhanced process for micro-cutting, and the ability to shape structural steel, making it the preferred method among manufacturers. In addition, the popularity of fiber laser cutting equipment is fueled by several important characteristics, such as ergonomics, speed of operation, and high-power safety. In addition to that, the majority of these machines use pre-focused optical systems that are equipped with the required deflection lenses. This improves focus precision, laser light transmission, and overall performance. Thus, the emergence of innovative new technologies is propelling market expansion.
The growth of the market results from the competitive technology's various advantages, such as high processing speed, smooth finish, and simple programming. In addition, the increase in demand for processing various materials, such as wood, plastic, and metals, will likely result in expanding the laser-cutting machines market. In addition, predictive analysis entices manufacturers to engage in industry 4.0 solutions because it reduces maintenance and replacement costs by notifying them of the machine's operational status in advance.
The Roads and Transport Authority (RTA) has also waived public parking costs for EVs licensed in Dubai for two years and given free Salik stickers to those registered in the Emirate. In addition, on September 1, 2017, DEWA started providing free charging to all EV users registered for the DEWA EV Green Charger Initiative. The incentive extension became effective on January 1, 2020, and it will last for all non-commercial EV consumers signed up for the program through December 31, 2021.
To meet the Kingdom's 2030 target of producing 300,000 vehicles annually with 40% local content, the National Industrial Development Center (NIDC) plans to hire three to four original equipment manufacturers along the ICE and EV value chain. In addition, NIDC encourages industrialization by offering funding, tax breaks, and tariff exemptions. For businesses looking for joint venture agreements in the Kingdom, the demand for car body panels, tires, seats, wheel components, seat belts, rear indicator light covers, fuel pumps, headlamps, bumpers, and engine covers presents prospects for entry or expansion, which will support the growth of the LAMEA market.
The Brazil market dominated the LAMEA Laser Cutting Machines Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $191.4 million by 2029. The Argentina market is showcasing a CAGR of 8.9% during (2023-2029). Additionally, The UAE market would exhibit a CAGR of 8.1% during (2023-2029).
Based on Application, the market is segmented into Industrial, Automotive, Consumer Electronics, Defense & Aerospace, and Others. Based on Technology, the market is Solid State Lasers, Gas Lasers, and Semiconductor Lasers. Based on Process, the market is Flame Cutting, Fusion Cutting, and Sublimation Cutting. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AMADA CO., LTD., TRUMPF SE + Co. KG, FANUC Corporation, Bystronic Laser AG, Coherent Corp., IPG Photonics Corporation, Jenoptik AG, DPSS Lasers, Inc., Epilog Laser, and Kern Laser Systems.
Scope of the Study
By Application
- Industrial
- Automotive
- Consumer Electronics
- Defense & Aerospace
- Others
By Technology
- Solid State Lasers
- Gas Lasers
- Semiconductor Lasers
By Process
- Flame Cutting
- Fusion Cutting
- Sublimation Cutting
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AMADA CO., LTD.
- TRUMPF SE + Co. KG
- FANUC Corporation
- Bystronic Laser AG
- Coherent Corp.
- IPG Photonics Corporation
- Jenoptik AG
- DPSS Lasers, Inc.
- Epilog Laser
- Kern Laser Systems
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Laser Cutting Machines Market by Application
Chapter 5. LAMEA Laser Cutting Machines Market by Technology
Chapter 6. LAMEA Laser Cutting Machines Market by Process
Chapter 7. LAMEA Laser Cutting Machines Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- AMADA CO., LTD.
- TRUMPF SE + Co. KG
- FANUC Corporation
- Bystronic Laser AG
- Coherent Corp.
- IPG Photonics Corporation
- Jenoptik AG
- DPSS Lasers, Inc.
- Epilog Laser
- Kern Laser Systems
Methodology
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