Global Laser Cutting Machines Market to Grow Rapidly Due to Increasing Production of Vehicles

The use of lasers to process metal and non-metal materials and develop new industrial products is accelerating around the world. Laser cutting machines are used to cut materials such as plastic, fabric, wood, acrylic, and many other non-metallic materials. These devices are used in various industrial applications in order to increase the efficiency of the industrial products and consistently provide a quick turnaround without compromising on the quality of the output.

The laser cutting machines market is expected to reach US$4.37 billion by 2020, from US$2.16 billion in 2013. Mainly used for improving the efficiency of work and reducing costs during industrial operations, the demand for laser cutting machines is expected to grow rapidly across the globe. In the next five years, the market is set to expand at a CAGR of 10.3% between 2014 and 2020.

Browse Market Research Report of Laser Cutting Machines Market:

The main driver that is stimulating the laser cutting machines market is the growth of the global automotive industry. The automotive industry has been a pioneer in adopting laser technology in the manufacturing process. The expansion in vehicle production and demand for laser-welded auto parts is boosting the overall laser cutting machines market.

Advances in Laser Technology are Widely Adopted by Automakers

The automotive industry is a lucrative area for industrial laser processing methods. The field is incorporating new solid-state laser technologies evolving at a rapid pace across the globe. Since the early 80s, demand from the automotive industry has been one of the significant driving forces behind innovative high-power laser applications.

Automotive manufacturers utilize the advantages of laser cutting machines such as the low heat input into the material, high quality achieved while cutting edges, as well as the high processing speeds when working with a range...