Fiber Laser Cutting Machines Market Share Charges Ahead with Huge Growth 2021-2028 Market Trends & Business Updates

The major players in the fiber laser cutting machines market include Coherent Incorporation, Jenoptik Laser GmbH, ALPHA Laser GmbH, Bystronic Incorporated, Epilog Laser Inc., IPG Photonics Corporation, Trumpf GMBH + Co. KG, Amada Miyachi Company, Ltd., Laguna Tools, GWEIKE Laser.

The factors like growing capital investment by companies for precision manufactured equipment and up gradation of machines in manufacturing &assembling processes in end-use industries worldwide are steering the global fiber laser cutting machine market growth. The substantial rise in fiber laser cutting machines has been witnessed due to the mounting demand for high efficient & effective operations in metal processing operations. The superior performance characteristics of devices, such as increased operational efficiency, robust structure, and precise operational accuracy, contribute to the increased sales of fiber laser cutting machines. The fiber laser cutting machines gained huge recognition in automobile, aviation, and metal processing sectors for high-end cutting operations. Meanwhile, factors like high cost and need for skilled labor for operating fiber laser cutting machines pose a barrier to the growth of market.

The entire fiber laser cutting machines market has been sub-categorized into power rating and application. demand for fiber laser cutting machines market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

By Power Rating

• Up to 2.5kW
• 5kW to 10kW
• Above 10kW

By Application

• Automotive
• Aerospace & Defence
• Building & Construction
• Precision Manufacturing
• Others

Source:

Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.

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