Laser Cutting Machine Market Report 2025

The laser cutting machine market size has grown rapidly in recent years. It will grow from $5.57 billion in 2024 to $6.16 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to demand for precision engineering solutions, development of compact machines, shift towards high-power lasers, growing role in electronics manufacturing, adoption in aerospace and defense.

The laser cutting machine market size is expected to see strong growth in the next few years. It will grow to $9.01 billion in 2029 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to shift towards compact and versatile systems, precision engineering requirements, market expansion in emerging economies, advancements in material processing, environmental sustainability. Major trends in the forecast period include adoption of fiber laser technology, increased automation and integration, advancements in power and speed, expansion in industrial applications, customization and personalization.

The rising demand for automobiles is anticipated to boost the laser cutting machine market. This demand is fueled by the growing need for transportation, increasing income levels, rapid urbanization, and other factors. As the demand for automobiles rises, so will the need for laser cutting machines, which facilitate precise designs and expedite the manufacturing process of auto parts. Laser cutting machines are efficient tools for precision cutting and designing projects related to automobiles, enabling modern design achievements. For example, in May 2023, the European Automobile Manufacturers Association (ACEA), an Italy-based organization representing major European motor vehicle manufacturers, reported that global motor vehicle production reached 85.4 million units in 2022, reflecting a 5.7% increase compared to 2021. This indicates a growing demand for automobiles. Therefore, the increasing demand for automobiles is propelling the laser cutting machine market.

The global transition to renewable energy is projected to drive the growth of the laser cutting machine market moving forward. Renewable energy refers to sustainable and environmentally friendly power sources derived from natural elements like sunlight, wind, or hydropower. Laser cutting machines are utilized in the renewable energy sector primarily for precisely shaping and fabricating components for solar panels, wind turbines, and other clean energy technologies. For instance, in April 2023, a publication by the U.S. Energy Information Administration (EIA), a US-based agency of the US Federal Statistical System, indicated that renewable energy production and consumption reached record highs in 2022, accounting for about 13% (13.4 quads) of total energy production and 13% (13.18 quads) of total energy consumption. Additionally, hydropower generation and geothermal energy usage both increased by 4% in 2022 compared to 2021. Therefore, the global shift to renewable energy is driving the laser cutting machine market.

Prominent companies in the laser cutting machine market are actively pursuing the development of advanced machinery, such as 3D fiber laser cutting machines tailored for steel processing, to establish a competitive advantage in the market. A 3D fiber laser cutting machine represents a precision tool leveraging a fiber laser oscillator to cut through various materials. For example, in May 2022, Yamazaki Mazak, a Japan-based machine tool builder, introduced the FG-400 NEO, a 3D fiber laser cutting machine designed for steel products. Equipped with an energy-efficient fiber laser oscillator, this machine enhances productivity and precision in material cutting, encompassing steel, aluminum, brass, and copper. Notably, users gain control over laser beam diameter and shape, allowing for the efficient cutting of materials with different thicknesses using a single unit.

Leading companies in the laser cutting machine market are concentrating on creating efficient solutions, such as 2D laser cutting machines, to enhance productivity and maximize their market profits. A 2D laser cutting machine is a precision instrument that employs laser technology to cut flat materials with exceptional accuracy and efficiency. For example, in March 2022, Mazak Optonics Corp, a US-based supplier of laser-cutting and automation systems, introduced its next generation of laser-cutting machines, the OPTIPLEX 3015 NEO 15kW. This machine is equipped with technology that enables greater control over beam shape and diameter. It automatically adjusts the beam diameter to optimally cut various materials and modifies the beam shape to manage the concentration and power density of the laser beam. This results in enhanced cutting speed and quality across a broad range of materials.

In May 2022, the German-based holding company INDUS Holding AG completed the acquisition of HELD Industries GmbH for an undisclosed sum. This transaction involved INDUS obtaining a 70% stake in HELD, thereby incorporating another portfolio into its business and extending its presence in laser welding systems designed for hydrogen electrodes. HELD Industries GmbH, based in Germany, specializes in providing laser cutting and laser welding machines and systems.

Major companies operating in the laser cutting machine market include Trumpf Laser GmbH + Co KG, Coherent Inc., Amada Co Ltd., Jinan Golden Laser Co Ltd., Han's Laser Smart Equipment Group Co Ltd., IPG Photonics Corporation, Prima North America Inc., Bystronic AG, Jenoptik Laser GmbH, Mazak Corporation, Wuhan Raycus Fiber Laser Technology Co Ltd., Shenzhen Raycus Fiber Laser Technology Co Ltd., LVD Company NV, Glorystar Laser Co Ltd., Maxphotonics Technology Co Ltd., Universal Laser Systems Inc., HG Laser Co Ltd., Epilog Laser, MORN Laser, Mitsubishi Laser Machinery Co Ltd., Trotec Laser GmbH, GCC Laser, Golden Laser Group Co Ltd., Dongguan Aowei Laser Technology Co Ltd., Reci Laser Technology Co Ltd., Raytech Laser Co Ltd., ACCURL Laser Technology Co Ltd., Sino-Stargle Laser Technology Co Ltd., Bodor Laser.

North America was the largest region in the laser cutting machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the laser cutting machine market share during the forecast period. The regions covered in the laser cutting machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the laser cutting machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Laser cutting is a technique employing a laser for cutting various materials, serving both industrial and artistic purposes, including etching. Laser cutting machines are employed for precise cutting and designing tasks across a diverse array of industries. These machines utilize a high-powered laser beam to achieve clean and precise cuts or carve specific designs onto materials such as steel, plastic, or wood. Primarily utilized in industrial manufacturing applications, laser cutting machines play a crucial role in achieving intricate and accurate results.

The primary technologies employed in the laser cutting machine market include solid-state, gas, and semiconductor technologies. Solid-state technology machines utilize a solid gain medium, typically ion-doped crystals or glasses, as opposed to a liquid. This type of laser cutting machine generates light at a significantly higher frequency. Laser cutting machines employ various processes, including fusion cutting, flame-cutting, sublimation cutting, laser processing configuration, laser cutting, and engraving configuration. These machines find extensive applications in industries such as automotive, consumer electronics, defense and aerospace, industrial, and various other end-user sectors.

The laser cutting machine market research report is one of a series of new reports that provides laser cutting machine market statistics, including laser cutting machines industry global market size, regional shares, competitors with a laser cutting machine market share, detailed laser cutting machine market segments, market trends and opportunities, and any further data you may need to thrive in the laser cutting machines industry. This laser cutting machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The laser cutting machine market consists of sales of laser cutting machines including laser cutting including fusion cutting, flame cutting, and remote cutting among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this laser cutting machine market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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