Global Fiber Laser Cutting Machines market will reach 2700 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/5/17

A fiber laser or fibre laser is a laser in which the active gain medium is an optical fiber doped with rare-earth elements such as erbium, ytterbium, neodymium, dysprosium, praseodymium, thulium and holmium. They are related to doped fiber amplifiers, which provide light amplification without lasing. Laser cutting is a technology that uses a laser to cut materials, and is typically used for industrial manufacturing applications, but is also starting to be used by schools, small businesses, and hobbyists. Laser cutting works by directing the output of a high-power laser most commonly through optics.

In the coming years there is an increasing demand for fiber laser cutting machines in the regions of North America and Europe that is expected to drive the market for more advanced Fiber laser cutting machines. Increasing of automotive fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on general industry, retrofitting and renovation of old technology, increasing adoption of fiber laser cutting machines will drive growth in China markets.

Globally, the Fiber laser cutting machines industry market is low concentrated as the manufacturing technology of Fiber laser cutting machines is relatively matures than some high-tech equipment. And some enterprises, like Trumpf, Bystronic, Han'S Laser and Amada, etc. are well-known for the wonderful performance of their fiber laser cutting machines and related services. At the same time, China, occupied 31.10% production market share in 2016, is remarkable in the global Fiber laser cutting machines industry because of their market share and technology status of fiber laser cutting machines.

The consumption volume of fiber laser cutting machines is related to downstream industries and global economy. As there will be many potential market for fiber laser cutting machines, the prospect of fiber laser cutting machines is still be full of hope.

The global Fiber Laser Cutting Machines market is valued at 1580 million US$ in 2017 and will reach 2700 million US$ by the end of 2025, growing at a CAGR of 6.9% during 2018-2025.

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