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The laser processing market in APAC is expected to hold the largest share during the forecast period. APAC offers potential growth opportunities to the laser processing market as there is a rise in the verticals using laser systems such as aerospace & defense and architecture that leverage on the power of lasers for carrying out functions such as material processing and marking & engraving that are time-consuming and cumbersome.
However, the cost of owning a laser-based system is high and thus is a major factor hindering the growth of the said market. There are a few laser systems which are priced on the higher side due to their high power output and high efficiency.
Some of the major players in the laser processing market are Coherent, Inc. (U.S.), IPG Photonics Corporation (U.S.), ROFIN-SINAR Technologies Inc. (U.S.), Trumpf Group (Germany), Newport Corporation (U.S.), Jenoptik AG (Germany), Eurolaser GmbH (Germany), Epilog Laser (U.S.), Alltec GmbH (Germany), and Lumentum Holdings Inc. (U.S.). These players adopted various strategies such as new product developments, mergers & acquisitions, partnerships, collaborations, and expansions to grow in the laser processing market.
Although sales of Laser Cutting Machines brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Laser Cutting Machines field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese Laser Cutting Machines industry is not only begin to transit to high-end Laser Cutting Machines products, while still extend in the resource-rich land and downstream industry chain.
Laser Cutting Machines product demand market there is also a certain space, but basically showing the scarcity of high-end products, and low-end products, excess capacity. Along with the development of Chinese domestic Laser Cutting Machines, Chinese domestic Laser Cutting Machines has been very mature and advanced, and the performance distance has been shortening compared with the imported Laser Cutting Machines.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
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