Laser cutting machine latest industry information

Definition and principle: Laser cutting machine is the use of focused high power density laser beam irradiate the workpiece, so that the irradiated material quickly melt, vaporize, ablation or reach the ignition point, and at the same time with the beam coaxial high-speed air blowing molten material, so as to achieve the workpiece cutting equipment. Laser cutting technology has the advantages of high cutting precision, fast speed, good incision quality, and many kinds of cutting materials, and is widely used in metal processing, automobile manufacturing, aerospace, electronic equipment, construction and many other industries.

Classification: Common laser cutting machine types include CO2 laser cutting machine, fiber laser cutting machine, YAG laser cutting machine and so on. Among them, fiber laser cutting machines occupy a large share in the market because of their higher cutting efficiency, better beam quality and lower maintenance costs.

Market size and growth trend

Global market: The global laser cutting machine market sales reached $9.123 billion in 2023 and is expected to reach $18.22 billion in 2030, with a compound annual growth rate (CAGR) of 10.7% (2024-2030). In terms of regional distribution, Asia Pacific is the largest market with approximately 54% market share, followed by Europe and North America with 23% and 20% market share, respectively.

Chinese market: The market size of China's laser cutting machine industry shows a steady growth trend. During the period of 2020-2022, the output of laser cutting machines showed a continuous growth trend, and by the end of 2022, the output of laser cutting machines of different sizes in the country reached 502,700 units. It is predicted that 2023-2028 China's laser cutting machine industry market size is expected to grow at a compound annual growth rate of 5%, to the end of 2028, China's laser cutting machine industry market size is expected to grow to 36.82 billion yuan.

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