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PUBLISHER: Grand View Research | PRODUCT CODE: 1493381
PUBLISHER: Grand View Research | PRODUCT CODE: 1493381
U.S. Laser Cutting Machines Market Size, Share & Trends Analysis Report By Process (Fusion Cutting, Flame Cutting, Sublimation Cutting), By Power (Low Power, High Power), By End-use, By Type, And Segment Forecasts, 2024 - 2030
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U.S. Laser Cutting Machines Market Growth & Trends:
The U.S. laser cutting machines market size is expected to reach USD 1.95 billion by 2030, registering a CAGR of 5.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing trend of automation in the manufacturing sector and the rising demand for the end-use industry will lead to market growth. Laser-cutting machines have become increasingly popular in various industries, such as metal fabrication, automotive, pharmaceuticals, electronics, packaging, aerospace, and others. The market is projected to experience rapid growth due to the rising adoption of industry 4.0 technologies, including the Internet of Things (IoT), data analytics, and automation.
These technologies enable laser-cutting machines to achieve greater accuracy by facilitating real-time information exchange, which operators monitor and manage to increase output. Laser-cutting machines have sensors, control systems, and data analysis platforms that enable real-time monitoring and predictive maintenance. End-use industries, such as packaging, pharmaceuticals, cutting metals, and air conditioning use automated laser-cutting tools to produce high-quality goods efficiently. Automation helps manufacturers automate various processes, including laser cutting, leading to reduced downtime, energy efficiency, and uniform outcomes. The growing trend of automation in the manufacturing sector is also fueling the demand for laser-cutting machines.
U.S. Laser Cutting Machines Market Report Highlights:
- The flame-cutting segment held the largest market share of 44.1% in 2023. Cutting & finishing precision and fast cutting speed have led to the high demand for flame-cutting machines. Flame cutting is used to cut and process steel and high-thickness materials
- The high-power laser-cutting machines segment held the largest market share in 2023. Cutting multiple layers and large quantities of metal sheets is easier with laser cutting machines that provide enhanced accuracy, precision, and power than traditional lasers. These advanced machines feature smaller laser beams, significantly boosting the accuracy & precision levels in cutting operations
- The fiber lasers segment held the largest share in 2023. Fiber lasers' capacity to achieve faster cutting speeds enhances productivity and contributes to cost savings & improved turnaround times in manufacturing processes
- The automotive sector held the largest share in 2023. Laser-cutting tools offer advantages including reduced errors, consistent high-quality cuts, increased precision, and the ability to create complex shapes & designs efficiently
- In May 2023, Beamer Laser Marking Systems acquired DPSS Lasers Inc., a company specializing in the production of high-powered, 355 nm Ultraviolet (UV) solid-state lasers and UV integrated systems. This acquisition signifies a strategic initiative by Beamer Laser Marking Systems to broaden its laser marking offerings and offer customized solutions to clients across multiple sectors
Product Code: GVR-4-68040-287-3
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Process
- 1.2.2. Power
- 1.2.3. End Use
- 1.2.4. Type
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Process Outlook
- 2.2.2. Power Outlook
- 2.2.3. End-use Outlook
- 2.2.4. Type Outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Laser Cutting Machine Market Variables, Trends & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.1.1. Increasing Focus on Automating Metal Cutting Process
- 3.4.1.2. Rising Digitalization in Manufacturing Process
- 3.4.2. Market Restraint Analysis
- 3.4.2.1. Concerns about the environmental impact of laser cutting processes, including emissions and waste disposal
- 3.4.3. Market opportunity analysis
- 3.4.3.1. Increasing Demand in Automotive and Aerospace Industries
- 3.4.1. Market Drivers Analysis
- 3.5. U.S. Laser Cutting Machine Market Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.1.1. Bargaining Power of The Suppliers
- 3.5.1.2. Bargaining Power of The Buyers
- 3.5.1.3. Threats Of Substitution
- 3.5.1.4. Threats From New Entrants
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political Landscape
- 3.5.2.2. Economic Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technological Landscape
- 3.5.2.5. Environmental Landscape
- 3.5.2.6. Legal Landscape
- 3.5.1. Porter's Analysis
Chapter 4. U.S. Laser Cutting Machine Market: Process Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. U.S. Laser Cutting Market: Process Analysis, USD Million, 2023 & 2030
- 4.2.1. Fusion Cutting
- 4.2.1.1. Fusion Cutting Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 4.2.2. Flame Cutting
- 4.2.2.1. Flame Cutting Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 4.2.3. Sublimation Cutting
- 4.2.3.1. Sublimation Cutting Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 4.2.1. Fusion Cutting
Chapter 5. U.S. Laser Cutting Machine Market: Power Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. U.S. Laser Cutting Market: Power Movement Analysis, USD Million, 2023 & 2030
- 5.2.1. Low Power
- 5.2.1.1. Low Power Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 5.2.2. High Power
- 5.2.2.1. High Power Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 5.2.3. Ultra-High Power
- 5.2.3.1. Ultra-High Power Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 5.2.1. Low Power
Chapter 6. U.S. Laser Cutting Machine Market: End-use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. U.S. Laser Cutting Market: End-use Movement Analysis, USD Million, 2023 & 2030
- 6.2.1. Industrial
- 6.2.1.1. Industrial Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.2.2. Consumer Electronics
- 6.2.2.1. Consumer Electronics Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.2.3. Defense & Aerospace
- 6.2.3.1. Defense & Aerospace Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.2.4. Automotive
- 6.2.4.1. Automotive Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.2.5. Others
- 6.2.5.1. Others Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.2.1. Industrial
Chapter 7. U.S. Laser Cutting Machine Market: Type Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. U.S. Laser Cutting Market: Type Movement Analysis, USD Million, 2023 & 2030
- 7.2.1. Solid State Lasers
- 7.2.1.1. Solid State Lasers Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.2.2. Gas Lasers
- 7.2.2.1. Gas Lasers Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.2.3. Semiconductor Lasers
- 7.2.3.1. Semiconductor Lasers Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.2.4. Fiber Lasers
- 7.2.4.1. Fiber Lasers Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.2.1. Solid State Lasers
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research And Development
- 8.6. Company Profiles
- 8.6.1. Alpha Laser US
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.1.4. Recent Developments/ Strategic Initiatives
- 8.6.2. AMADA WELD TECH Inc.
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.2.4. Recent Developments/ Strategic Initiatives
- 8.6.3. Coherent Corp.
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.3.4. Recent Developments/ Strategic Initiatives
- 8.6.4. DPPS Lasers Inc.
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.4.4. Recent Developments/ Strategic Initiatives
- 8.6.5. Epilog Laser
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.5.4. Recent Developments/ Strategic Initiatives
- 8.6.6. FANUC American Corporation
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.6.4. Recent Developments/ Strategic Initiatives
- 8.6.7. Han's Laser Corporation
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.7.4. Recent Developments/ Strategic Initiatives
- 8.6.8. IPG Photonics
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.8.4. Recent Developments/ Strategic Initiatives
- 8.6.9. Kern Lasers System
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.9.4. Recent Developments/ Strategic Initiatives
- 8.6.10. Nukon.us
- 8.6.10.1. Company Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.10.4. Recent Developments/ Strategic Initiatives
- 8.6.11. Rofin-Sinar Technologies Inc.
- 8.6.11.1. Company Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.11.4. Recent Developments/ Strategic Initiatives
- 8.6.1. Alpha Laser US
Product Code: GVR-4-68040-287-3
List of Tables
- Table 1 List of abbreviations
- Table 2 U.S. Laser Cutting Machine Market, 2018 - 2030 (USD Million)
- Table 3 U.S. Laser Cutting Machine Market, by Process, 2018 - 2030 (USD Million)
- Table 4 U.S. Laser Cutting Machine Market, by Power, 2018 - 2030 (USD Million)
- Table 5 U.S. Laser Cutting Machine Market, by End Use, 2018 - 2030 (USD Million)
- Table 6 U.S. Laser Cutting Machine Market, by Type, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market Research Process
- Fig. 2 U.S. Laser Cutting Machine Market Segmentation
- Fig. 3 U.S. Laser Cutting Machine Landscape
- Fig. 4 Information Procurement
- Fig. 5 Data Analysis Models
- Fig. 6 Market Formulation and Validation
- Fig. 7 Data Validating & Publishing
- Fig. 8 Market Snapshot
- Fig. 9 Segment Snapshot (1/2)
- Fig. 10 Segment Snapshot (2/2)
- Fig. 11 Competitive Landscape Snapshot
- Fig. 12 U.S. Laser Cutting Machine - Market Size and Growth Prospects (USD Million)
- Fig. 13 U.S. Laser Cutting Machine Market: Industry Value Chain Analysis
- Fig. 14 U.S. Laser Cutting Machine Market: Market Dynamics
- Fig. 15 U.S. Laser Cutting Machine Market: PORTER's Analysis
- Fig. 16 U.S. Laser Cutting Machine Market: PESTEL Analysis
- Fig. 17 U.S. Laser Cutting Machine Market, by Process: Key Takeaways
- Fig. 18 U.S. Laser Cutting Machine Market, by Process: Market Share, 2023 & 2030
- Fig. 19 Fusion Cutting Market Estimates and Forecast, 2018 - 2030 (USD Million)
- Fig. 20 Flame Cutting Estimates and Forecast, 2018 - 2030 (USD Million)
- Fig. 21 Flame Cutting Estimates and Forecast, 2018 - 2030 (USD Million)
- Fig. 22 Sublimation Cutting Estimates and Forecast, 2018 - 2030 (USD Million)
- Fig. 23 U.S. Laser Cutting Market, by Power: Key Takeaways
- Fig. 24 U.S. Laser Cutting Market, by Power: Market Share, 2023 & 2030
- Fig. 25 Low Power Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 High Power Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Ultra-High Power Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 28 U.S. Laser Cutting Market, by End Use: Key Takeaways
- Fig. 29 U.S. Laser Cutting Market, by End Use: Market Share, 2023 & 2030
- Fig. 30 Industrial Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Consumer Electronics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Defense and Aerospace Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 33 Automotive Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 35 U.S. Laser Cutting Market, by Type: Key Takeaways
- Fig. 36 U.S. Laser Cutting Market, by Type: Market Share, 2023 & 2030
- Fig. 37 Solid State Lasers Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Gas Lasers Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 39 Semiconductors Lasers Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 40 Fiber Lasers Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Fig. 41 Key Company Categorization
- Fig. 42 Company Market Positioning
- Fig. 43 Strategic Framework
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