Global laser cutting machine market is projected to witness a CAGR of 7.37% during the forecast period 2024–2031, growing from USD 6.52 billion in 2023 to USD 11.52 billion in 2031. The market is expected to transform in the future as new manufacturing technology keeps on getting added to the portfolio. The usage of advanced laser sources, artificial intelligence, and machine learning are anticipated to transform the market dynamics. For instance, ultrafast lasers that emit light in short pulses, allow for precise material cutting, which is a difficult process for traditional lasers. Furthermore, high-power fiber lasers are leading end-users to gain higher power outputs, improved efficiency, and high beam quality, helping in the cutting operation of thicker materials.
AI algorithms are integrated with laser cutting machines to analyze performance data in real time and predict maintenance needs so that downtime can be minimized, increasing equipment life. Furthermore, machine learning improves cutting efficiency by optimizing paths based on material properties and desired outcomes, making it more efficient by cutting down waste and processing time. By joining laser cutting with robotic arms, laser cutting permits more flexible and automated manufacturing processes. Robots can load/unload and place materials in position for cutting, which increases productivity.
For instance, in August 2024, Bodor Laser Inc. announced the launch of its latest technology upgrade in the M series flagship fiber laser cutting machine. The machine’s capability of Dual Process Parallel Processing comes with a new four-chuck laser formation. The M series integrates different processes to streamline workflows for higher productivity.
Automation, Smart Manufacturing, and Wide Range of Applications to Fuel Market Growth
Automation has transformed the usage of laser cutting machines in manufacturing and maintenance. The advent of Industry 4.0 and the integration of smart technologies into manufacturing processes have enabled end-users to customize and enhance the cutting speed while shortening cutting time. Laser cutting machines are getting automated and integrated with CAD/CAM systems, enhancing efficiency and reducing labor costs. Modern laser cutting machines can handle the cutting of metals and plastics, textiles, and wood. This is one of the many reasons why these high-end machines attract so many industries, such as automotive, aerospace, and fashion.
Another factor that stimulates the growth of the market is its wide range of applications, including major industries such as automotive, aerospace, electronics, manufacturing, and metal fabrication. Automotive and aerospace industry demands higher precision and quality while focusing on the adoption of new materials. Moreover, end-users prefer machines that are flexible and easy to integrate.
For instance, in September 2024, TRUMPF GmbH + Co. KG’s subsidiary in the United States launched a fully automated punch-laser combination machine, TruMatic 5000, for connected manufacturing in the North American market. The machine is equipped with a 6kW fiber laser for maximum productivity. The TruMatic 5000 punching head comes with a patented TRUMPF electric drive known as the Delta Drive, which uses around 30 percent less energy.
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3D Laser Cutting and Hybrid Manufacturing Technologies to Shape Market Dynamics
3D laser cutting machines are rapidly transforming manufacturing across industries by enabling more complex designs and improved efficiency. The technological addition delivers enhanced design capabilities, working in complex geometrics and customization. The capability of 3D laser cutting to produce intricate shapes and structures is shaping new technologies. This skill significantly expands the possibility of design for diverse industries such as aerospace, automotive, and consumer products. Designs are readily adapted for end-user specifications, and rapid prototyping and short-run production have become possibilities for the growing demand for individualized products due to 3D laser cutting flexibility.
The development of hybrid machinery combining additive manufacturing (3D printing) with laser cutting is underway. This expands design options by enabling the production of intricate pieces with integrated functionalities.
For instance, in May 2022, Yamazaki Mazak Corporation launched a new 3D fiber laser cutting machine, FG-400 NEO. The machine is equipped with an energy-efficient fiber laser oscillator, offering high productivity and energy conversion. Machines are capable of cutting highly reflective materials, including aluminum, brass, and copper. The maximum output of the oscillator is 4 kW, and the rapid feeding speed is 60 m/min on the X-axis, 36 m/min on the Y-axis, and 30 m/min on the Z-axis.
Efficient Operations and Effective Metal Cutting to Fuel Solid State Laser Segment
Based on technology, the solid state lasers segment leads the market share in terms of revenue. As solid state lasers have a high energy conversion efficiency, they require less power than other laser types to produce the same output, which lowers operating expenses. When it comes to cutting metal, solid state lasers, especially fiber lasers, have definite benefits over gas lasers (like CO2 lasers). This is a thorough explanation of why solid state lasers are frequently more efficient in cutting metal. Solid state lasers generate a greater intensity, narrower, more concentrated beam that is essential for effectively piercing and cutting through metals. Cleaner cuts and finer details are the outcome of adopting a solid state. The transformation of solid state laser technology has led to the evolution of laser metal cutting solutions.
For instance, in June 2023, Coherent Inc. launched its next-generation pump laser diode with 65W of output power for fiber lasers in industrial and consumer applications. The new laser diode achieves 65W of output power with a lower operating current. These unique features, combined with the diode’s compatibility with existing sub mounts, enable a wide range of extremely low-cost fiber laser design architectures.
Asia-Pacific to Dominate Laser Cutting Machine Market Share
Asia-Pacific is anticipated to hold the major portion of the global laser cutting machine market. Emerging economies such as China and India are investing in enhancing their manufacturing hubs across industries. The region’s increasing concentration of auto and consumer electronics producers is anticipated to fuel market expansion. The regional laser cutting machine sector is rising in part due to the increasing usage of automation in laser-cutting technology.
Countries in this region have high investment inputs in terms of research and development. New technologies and innovations related to the laser are being developed and deployed to improve cutting capabilities. Growth in Industry 4.0 and smart manufacturing in the region has provided a push towards the interconnection of laser cutting machines with automation and IoT, thereby improving efficiency and productivity. Lower labor costs in most Asia-Pacific countries enable more cost-effective manufacturing, thus increasing demand for automated solutions such as laser cutting machines. International companies are collaborating with local players to gain specialization and expertise.
For instance, in September 2024, TRUMPF GmbH + Co. KG expanded its presence in the Indian market with a strategic initiative of expansion. The company announced its new production facility in Pune, India. Being close to this developing market enables the business to produce more effectively and react to client needs faster.
Future Market Scenario (2024–2031F)
- The integration of laser cutting machines into Industry 4.0 frameworks is expected to enable real-time monitoring, predictive maintenance, and enhanced data analytics, leading to improved efficiency and reduced downtime.
- More manufacturers are anticipated to adopt cobots to work alongside laser cutting machines, enhancing productivity and safety in production environments.
- Continued improvements in fiber laser technology are expected to allow for even higher cutting speeds and the ability to process thicker materials more effectively.
Report Scope
“Laser Cutting Machine Market Assessment, Opportunities and Forecast, 2017–2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global laser cutting machine market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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