Fiber Laser Cutter Market Size, Share, Growth, and Industry Analysis by Type (2D Laser Cutting and 3D Laser Cutting) By Application (General Machinery Processing, Automotive Industry, Home Appliance, Aerospace and Marine, and Others), Regional Insights, and Forecast to 2031

Updated On: 01 April 2024

Fiber Laser Cutter Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global fiber laser cutter market size was USD 1866.6 million in 2022 and is expected to reach USD 2895.68 million in 2031, exhibiting a CAGR of 5.0% during the forecast period.

Thermal cutting techniques like laser cutting are used to process sheet metal. The machine's cutting head houses a lens that concentrates the laser beam’s extremely high power on a very small diameter once it is generated by the resonator, a type of laser source. The most effective method for laser cutting is a fiber laser cutter. An active fiber generates the laser beam, which is then delivered to the cutting head of the machine through a transport fiber. Compared to CO, fiber lasers are substantially smaller. The same amount of current can produce twice as much power from lasers. The processing of thin to thick sheets of steel and non-ferrous metals is best suited for a fiber-cutting technology.

The metal fibers sector's use of fiber lasers, a kind of solid-state laser, is expanding quickly. In contrast to CO.2, Fiber technology uses a solid gain medium rather than a gas or liquid. The laser beam is generated by the "seed laser" and then amplified inside a glass fiber. These tools produce consistent results as they swiftly and precisely cut pieces and patterns. Due to the low downtime and requirement for energy conservation, manufacturers are investing in the automation of laser cutting. Over the projected period, it is anticipated that the growing trend of automation in the manufacturing sector and the rising need for the end-use industry would increase demand for these machines.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth"                     "

The global COVID-19 pandemic has been unprecedented and staggering, with Fiber Laser Cutters experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The global economic and social systems have been severely damaged by the COVID-19 epidemic. The disease has invaded the value and supply chains of numerous businesses, including the fiber laser cutter market. Lockdowns were implemented by the authorities in several places. One of the world's major manufacturing centers, China, has seen a reduction in production capacity of 14% and a decline in sales of electronic components worldwide of 40%. The export of raw materials for the textile industry, finished goods for apparel and accessories, mechanical and electrical items, central processing units, automatic data processing systems, electrical equipment, and automobiles has significantly decreased.

LATEST TRENDS

"Demand for Better Machining Tools to Boost Market Growth"

The use of this fiber laser cutter is being driven by a rise in the demand for better machining tools and machinery. They are extensively used for hologram creation, dye laser pumping, barcode reading, and laser printing. The fiber laser cutter is becoming increasingly well-known in the global automotive, aerospace, and metal processing industries due to their application in precise cutting processes. Consumer demand for finished items down to the nano level is extremely high as a result of rising globalization. Additionally, the end-use sector is widely utilizing this equipment to quickly generate high-quality goods. Over the course of the forecast period, the fiber laser cutter market is expected to be driven by all of the primary impacting factors mentioned above.

Fiber Laser Cutter Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

As per the type, the market is classified as follows: 2D Laser Cutting and 3D Laser Cutting. The 3D laser cutting segment leads the fiber laser cutter market share.

• By Application Analysis

Based on application, the market is segmented as follows: General Machinery Processing, Automotive Industry, Home Appliance, Aerospace and Marine, and Others. The automotive application category is predicted to experience more fiber laser cutter market growth throughout the forecast period.

DRIVING FACTORS

"Growing Need for Effective Operating Machines to Facilitate Market Development"

Due to the fierce competition among vendors, the leading competitors are concentrating on lowering the price of this equipment. Because there are so many producers, they have been able to implement a price strategy to lower costs and increase fiber laser cutter market share. It is anticipated that the global fiber laser cutter market would grow significantly as a result of the growing concerns about efficient and effective operations in metal processing operations. A major opportunity for the global fiber laser cutter market is also projected to be created by the vast industrial expansion in East and South Asia and the technological advancement in the use of fiber laser cutting machines. The market for fiber laser cutting machines is also expected to increase because of the excellent performance qualities of these devices, such as their high operating efficiency, sturdy construction, and precise operational precision.

"Expanding Industrial Activities to Promote Industry Progress"

The demand for fiber laser cutters is being further boosted by macroeconomic variables including expanding industrial activity and improvements in manufacturing & assembling procedures in various end-use industries across many economies. Due to the demand for these in low-power applications, the solid-state is predicted to dominate the technological sector. Furthermore, over the projected period, demand for the solid state is expected to increase due to the widespread implementation of this technology in medical applications like endoscopy, dentistry, and skin rejuvenation. Lasers such as CO2, YAG, and fiber are becoming more widely used in industries like healthcare, consumer electronics, and defense.

RESTRAINING FACTORS

"Expensive Cost of Devices and Labor to Hinder Market Growth"

The expensive cost of putting the devices into use, a lack of technological know-how, and excessive power consumption are anticipated to impede fiber laser cutter market expansion. Further projected to fuel demand for fiber laser cutters shortly are growing needs for precise and accurate shapes in the aerospace and defense and electronics sector, and industrial machinery. The high cost of these devices serves as a slight barrier to their widespread adoption in small and medium-sized businesses around the world. The main restraints on the fiber laser cutter market growth over the forecast period may include their high cost and the requirement for specialized people to operate them.

Fiber Laser Cutter Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"Increase in Demand to Propel Market Progress in China"

Because of the rising need for high-power alternatives and fabricated metal items, China is predicted to generate profitable growth prospects in the fiber laser cutter market. Increased industrialization and manufacturing activity have increased the need for the fiber laser cutter in the nation. The main reason influencing the demand for fiber laser fiber cutters is the Chinese government's adoption of the "Made in China" industrial policy, which aims to modernize its manufacturing sector and make it the world factory by 2025. China continues to be among the top producers of semiconductors, making it a profitable market for industry participants.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Trumpf (Germany)
• Bystronic (Switzerland)
• Han’S Laser (China)
• Amada (Japan)
• Mazak (U.S.)
• Penta-Chutian (China)
• LVD (India)
• Koike (Japan)
• DMG MORI (Germany)
• Coherent (U.S.)
• Lead Laser (China)
• IPG Photonics (U.S.)
• Tanaka (Japan)
• Mitsubishi Electric (Japan)
• Prima Power (U.S.)
• Tianqi Laser (Poland)
• Golden Laser (China)
• Unity Prima (U.S.)
• Trotec (Austria)
• Epilog Laser (U.S.)
• Cincinnati (U.S.)
• HE Laser (Germany)
• Tianhong Laser (China)
• HG Laser (China)
• Boye Laser (China)

REPORT COVERAGE

The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.