Global CNC Fiber Laser Market growing at a CAGR of 7.3% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
The CNC fiber laser market is poised for strong expansion and is expected to reach USD 4,721.01 million by 2030. The market was sized at USD 2,736.18 million in 2022 and is projected to grow at a compound annual growth rate of 7.3% during the period 2023-2030.
The report highlights the increasing demand of CNC fiber laser machines from the manufacturing sector for precision and intricate designs. Consegic Business Intelligence provides an inclusive research report on the CNC fiber laser market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global CNC Fiber Laser Market By Overview
Consegic Business Intelligence provided an inclusive research report on the CNC fiber laser market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Portable CNC fiber laser machines are projected to witness the fastest CAGR in the market owing to the space-saving characteristic of portable machines, suitable for workshops and facilities with limited space. Additionally, for businesses focusing on prototyping or producing small batches, portable CNC fiber laser machines offer an efficient solution by quickly creating precise cuts, contributing to faster iteration and production cycles. Moreover, portable CNC fiber lasers also offer less power consumption capabilities to achieve the highest production efficiency and requires less maintenance.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand of CNC fiber laser machines from the manufacturing sector for precision and intricate designs is driving the market growth.
- Advancements in technology including the emergence of double-swing axis systems is playing a pivotal role in fueling the market growth.
- Increasing investment by the government in improving the infrastructure serves as the major factor responsible for fueling the growth of CNC fiber laser market.
Restraints:
- Poor ventilation of CNC fiber laser machines is hampering the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Portable and Stationary |
| By Product | CNC CO2 Laser Cutters, CNC Routers, CNC Crystal Laser Cutters, CNC Plasma Cutters, CNC Fiber Laser Cutters, Press Brakes, Turret Punching Machine, and Hydraulic Shearing Machine |
| By Application | Sign Making, Cabinet Making, Wood Working, Metal Fabrication, Vehicle Outfitting, Aerospace Engineering, Stone Working, Marine Engineering, Plastics Fabrication, Sports Equipment, Foam Packaging, and Others |
| By End-User | Educational Institutes, Construction, Aerospace, Consumer Electronics, Medical & Healthcare, Transportation, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The landscape for CNC Fiber Laser market is highly competitive with major players including MCMILLANCO, LLC, Mantech (UK) Ltd, ZINSER GmbH, and Accurl that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the CNC fiber laser market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- MCMILLANCO, LLC
- Mantech (UK) Ltd
- ZINSER GmbH
- Accurl
- Yamazaki Mazak Corporation
- GMT Engineers Private Limited
- Messer Cutting Systems GmbH
- HPC Laser LTD.
- BODOR
- TRUMPF Group
