Laser Cutting Machine Market to Grow by USD 1.45 Billion (2024-2028) as Automation in Metal Cutting Increases, with AI Driving Market Transformation- Technavio

Barchart · 10/16 16:12

NEW YORK, Oct. 16, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The Global Laser Cutting Machine Market  size is estimated to grow by USD 1.45 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.6%  during the forecast period. Increasing focus on automating metal cutting process is driving market growth, with a trend towards rising digitalization in manufacturing processes. However, availability of alternate machine tools for metal cutting applications  poses a challenge - Key market players include ALPHA LASER GmbH, Amada Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Coherent Corp., El.En. S.p.A., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Koike Aronson Inc., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Universal Laser Systems Inc..

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