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The global CNC fiber laser market is set to reach US$ 2.5 BN by 2030, at a 7.1 % CAGR between years 2022-2030. The market dynamics are shaped by increasing technological advances, demand for precision machining, and emphasis on automation in manufacturing processes. Also, the relentless quest to boost operational excellence in various industries is another manor driving force.
As for the metal cutting and engraving industry, CNC fiber lasers allow to achieve a high level of precision and productivity with superb speed rate, accuracy as well as efficiency. The technology behind laser has made a lot of leaps allowing manufacturers to produce more detailed designs and better cuts on quite while promoting demand for CNC fiber laser.
CNC fiber lasers are versatile beyond metal in areas such as the automotive, aerospace, medical and electronic sectors. As a result, the market has seen exponential growth in demand from various industries looking to improve their production capacities and meet ever-rising quality requirements for precision. One of the notable trends in the market is to integrate CNC fiber lasers with smart manufacturing systems.
This consolidation enables real-time monitoring, data analytics and automatization that enhances operational efficiency while minimizing downtime. Manufacturers are more and more implementing principles of Industry 4.0, turning their plant floors into intricately connected intelligent systems This not only simplifies the manufacturing process but also enables predictive maintenance to ensure that CNC fiber laser systems perform optimally.
Environmental awareness and sustainability initiatives are also changing the dynamics of global markets. CNC fiber lasers are one of the most energy efficient cutting tools compared to other traditional methods that would lead to lesser overall energy usages and lower impacts on environment. Manufacturers who are looking forward to having their operations aligned with green practices have embraced this eco-friendly feature, which has led to acceptance of CNC fiber laser technology.
Market competition dynamics display a combination of established chains and innovative startups. Established companies come with years of experience and a huge market; on the other hand, startups usually present revolutionary technologies that break established rules. This relationship between mature and newcomer players shapes a dynamic context in which innovation is fostered by continuous change of CNC fiber laser systems.
The market dynamics also depend on global economic factors. Currency exchange rates, trade policies or geopolitical events can lead to the fluctuation in prices of a raw material and eventually that for CNC fiber laser systems. Manufacturers need to address these macroeconomic problems whenever they want to hold on the competition and continue steady growth within the market.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Product, Type, Application, End User, and Region |
CNC Fiber Laser Market Highlights:
Global CNC Fiber Laser Market Overview:
The Global CNC Fiber Laser Market is estimated to register a CAGR of 7.1% to reach USD 2.5 Billion by the end of 2030.
A CNC laser cutter is a piece of computer numerical control (CNC) equipment that marks, cuts, or engraves a material to form custom shapes using a focused, high-powered laser beam. Its one-of-a-kind design and operation make it extremely precise, especially when cutting intricate shapes and small holes. CNC laser cutting is a thermal-based, non-contact process. This head and lens assembly focuses a laser beam — a column of very high-intensity light — on the workpiece through the nozzle, melting and cutting the workpiece to form the desired shape. Compressed gas (also flowing through the nozzle that ejects the laser beam) is used in CNC lasers to cool the focusing lens and expel the vaporized metal from the workpiece.
COVID-19 Impact vs Opportunities:
COVID-19 has severely impacted and disrupted supply chain hubs across the globe. China, one of the major manufacturing hubs, has registered a decline of ~14% in the production capacity and a decline of ~40% in global electronic component shipments. COVID-19 has infected the Global Value Chain hub, wherein China played an important role in providing raw materials, assembly of products, and final dispatch. The significant decline in the export includes textile raw material, garments and clothing accessories, mechanical and electrical products, automatic data processing systems, central processing units, electrical equipment, and automobiles.
3D printers are technologically adapted to the use of laser technology, as the extruder head can simply be replaced by a laser head, while the entire cutting process occurs on the device's print bed. The ease of assembly on a 3D printer provided by compact CNC lasers is significant, as no additional cooling of the laser head is required, nor are high-strength structures required.
CNC Fiber Laser Market Dynamics:
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Market Drivers:
The increasing adoption of automation technologies in emerging economies, including India, Brazil, Mexico, Vietnam, and Cambodia, is projected to present new growth factors for CNC Fiber Laser/Laser manufacturers. The COVID-19 pandemic has created the demand for essential equipment, with CNC makers being declared a vital part of essential services. Industrial design companies are increasingly relying on CNC machines for manufacturing modular kitchens, furniture, educational & play equipment, and PoS units.
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Market Opportunities:
3D printing is a cost-effective technology that is used for producing parts with complex geometries. 3D printing has developed significantly and is now performing crucial roles in manufacturing, medicine, architecture, and custom art and design applications. The use of 3D printers offers manufacturer benefits such as a reduction in new production line implementation time, optimization of the sensor assembly, and improvement of Pick-to-Light sensor stability, and easy designing and construction of racing cars.
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Market Restraint:
The semiconductor & electronics industry is a multi-billion-dollar business. CNC Fiber Laser/Laser offer a competitive edge to the leading manufacturers. Utilizing a CNC Fiber Laser/Laser in the manufacturing process is a slightly complex process that requires a high level of finesse and expertise. The design needs to be prepared in a computer-generated CAD/CAM environment, and the CNC Fiber Laser/Laser is then programmed to carry out the tasks.
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Value Chain Analysis
The global CNC Fiber Laser/Laser market is growing with favorable growth prospects soon. This is due to existing key players coming forward with innovative technologies in the CNC Fiber Laser/Laser market. The value chain analysis for the CNC Fiber Laser/Laser market comprises five major components starting with research & development centers, material, components, and parts suppliers, CNC Fiber Laser/Laser manufacturers, system integrators, and end-users.
CNC Fiber Laser Market Segment Overview
The global CNC Fiber Laser Market has been segmented on the basis of product, type, application, end user, and region.
CNC Fiber Laser Product Insights
The CNC Fiber Laser Market is segmented into CNC CO2 Laser Cutter, CNC Crystal Laser Cutter, and CNC Fiber Laser Cutter.
CNC Fiber Laser Type Insights
The CNC Fiber Laser Market is segmented into Stationary Gantry Type, and Movable Gantry Type. The Movable Gantry Type segment is expected to garner high revenue growth in the coming 10 years.
CNC Fiber Laser Application Insights
CNC Fiber Laser Market is segmented into Wood Working, Stone Working, Metal Working, and Others.
CNC Fiber Laser End User Insights
CNC Fiber Laser Market is segmented into Automotive, Building & Construction, Consumer Electronics, Aerospace & Defense, Medical, Energy & Power, Furniture, Transportation, and Others.
Regional Analysis
Asia-Pacific led the Global CNC Fiber Laser Market in 2021, whereas the market in Asia-Pacific is expected to register the highest CAGR during the forecast period. Furthermore, increasing labor costs in the region are expected to result in the adoption of CNC Fiber Laser/Laser over the conventional machining process, driving the market growth. Moreover, the growing investments in the aerospace & defense industry are also expected to support the growth of the market in the Americas throughout the forecast period.
The CNC Fiber Laser/Laser market in Europe is expected to grow at a notable rate during the forecast period, mainly due to the increase in the adoption of advanced technology and import and export activities in the region. Moreover, the region is a hub for the automotive industry due to the presence of leading manufacturers with high production capacities, such as Audi, BMW, and Volvo.
CNC Fiber Laser Market Key Player & Competitive Landscape
The global CNC fiber laser/laser market is distinguished by the presence of numerous global, regional, and local players catering to the growing demand for automation and rising demand for high-quality products. However, high power consumption may hamper the growth of the global CNC fiber laser/laser market. The major players have adopted a strategy of obtaining regulatory approval from government agencies for their products and signing contracts and agreements to broaden their reach and reduce operational costs. These include Mcmillanco, Llc, Zinser Gmbh, Accurl, Gmt Engineers Private Limited., Precision Waterjet & Laser, Hpc Laser Ltd., Ctr Lasers, Mantech Machinery Ltd., Hglaser Engineering Co. Ltd, Yamazaki Mazak Corporation, Mitsubishi Electric Corporation, Messer Cutting Systems Gmbh, Bodor, and Multicam Inc..
CNC Fiber Laser Industry Developments
Mazak Optonics Corp. has launched the latest laser-cutting lineup, the FT-150 FIBER. The FT-150 FIBER tube-cutting laser has been designed for high-speed cutting and reduced non-cutting process to improve cycle times for small to medium diameter tubes.
Messer Cutting Systems acquired the US-American manufacturer of products in the oxyfuel sector, Flame Technologies, Inc. (Flame Tech), through an affiliate company. With Flame Tech, Messer Cutting Systems strengthens its position as an international solution provider of Oxyfuel, Steel Mill and pre-heating solutions.
CNC Fiber Laser Report Overview
As per MRFR, the global CNC Fiber Laser Market has been growing significantly over the past few years. The global CNC Fiber Laser Market has been segmented on the basis of product, type, application, end user, and region. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Objective of the Study
- To provide a detailed analysis of the market structure along with the forecast for the next six years of various segments and sub-segments of the global CNC Fiber Laser/Laser market
- To provide insights about factors affecting the market growth
- To analyze the global CNC Fiber Laser/Laser market based on various tools such as supply chain analysis and Porter's five force analysis.
- To estimate the market size of the global CNC Fiber Laser/Laser market, where 2021 shall be the base year, 2018 to 2020 shall be the historical years, and 2022 to 2030 will be the forecast period for the study.
- To provide historically and forecast revenue of the market segments and sub-segments concerning regions and their respective key countries
- To provide a country-level analysis of the market concerning the current market size and prospects
- To provide a country-level analysis of the market for segments by type, product, application, and end-use
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the global CNC Fiber Laser/Laser market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, product developments, and research & developments in the global CNC Fiber Laser/Laser market
Scope of the Report
The scope of the global CNC Fiber Laser Market study includes the market size analysis and a detailed analysis of the vendor's products and strategies. The market has been segmented based on product, type, application, end user, and region.
Intended Audience
- Semi-Conductor Industry
- Robotics Industry
- Construction Industry
- Industry Automation
- Technology Investors
- Regulatory Industries
- Government Bodies
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