Global Ultrafast Lasers market will reach 1965.32 million US$ by the end of 2024

Publisher: QYResearch
Published Date: 2019/9/11

Ultrafast Lasers industry concentration is relative high; there are three mainly manufacturers in the world: Coherent, Trumpf and IPG Photonics. In this report, the global Ultrafast Lasers market is valued at 1032 million USD in 2018 and is expected to reach 1965.32 million USD by the end of 2024, growing at a CAGR of 11.33% between 2018 and 2024. North America also play important roles in global market, with market size of 399.33 million USD in 2018 and will be 695.7 million USD in 2024, with a CAGR of 9.69%.

Global giant manufactures mainly distributed in United States and Germany. The manufacturers in the USA and Europe have a long history and unshakable status in this field. Manufacturers such as Trumpf have relative higher level of product’s quality. IPG has become as a global leader.

Many companies have several branch offices, usually locate in the place close to aimed consumption region. There are international companies set up branch office in China either. Some companies usually take a joint venture enter into aim market, like Trumpf who takes their advantage merge with US company, whose key market is in North-America and Europe.

The key consumption markets locate at developed countries. We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

Currently, most laser are not directly into the end-use customers, through by machine manufacturers, manufacturers such as laser cutting, laser welding manufacturers, sell the whole machine to end-use consumer, while the Ultrafast Lasers is as a section of the whole machine , therefore sales channels relatively simple.

The market is not only influenced by the price, but also influenced by the product performance. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go wide. Similarly, there will be fluctuation in gross margin.

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