Laser Cutting Machine Market Size, Share, Growth, Trends, and Global Industry Analysis: By Technology Type (Fiber Lasers, CO2 Lasers, Solid State Lasers & Others), By Function Type (Semi-Automatic, Robotic), By Process (Fusion Cutting, Flame Cutting, Sublimation Cutting & Others), By End User (Automotive, Metal & Fabrication, Electronics, Energy and Power, Industrial & Others), and Region

The global laser cutting machine market size was value US$ 6,143.7 million in 2023 and is projected to reach value of US$ 11,596.6 million by 2030, at a CAGR of 9.5% from 2024-2030. A laser cutting machine is a tool that uses a laser beam to cut, etch, burn, melt, or vaporize materials. It's a type of CNC (Computer Numerical Controlled) machine, which means it's controlled by a computer. A laser cutter is a machine that uses a high-energy focused laser beam to cut into various plate or sheet materials to create 2-dimensional parts for both hobbyist and industrial applications.

The growth drivers of the market are increasing demand for high-quality products, and the need for precise cutting in various industries. However, the key constraints of the market are material limitations (not all materials can be cut), restrictions on the thickness of metals, and safety concerns related to hazardous fumes generated during the process. Additionally, the key opportunities of the market are growing demand for customized solutions in various industries is expanding market potential. The key trends of the market are increased automation and robotics, the adoption of laser cutting for 3D applications, and the development of green laser technology.  

Key Players

The laser cutting machine market share is inclusive of several companies such as Alpha Laser GMBH, Amada, Bystronic, Coherent, DPSS Laser, Epilog Lasers, Fanuc, IPG Photonics, Jenoptik, Kern Lasers System, Prima Power, Mitsubishi Electric, Han's Laser Technology, Hypertherm and others.

Key Takeaways

• Asia Pacific market is the dominant market in 2023.
• The North America market is expected to expand at highest CAGR from 2024 to 2030.
• Based on technology type, the fiber lasers segment dominated the market in 2023.
• Based on function type, the robotic segment is most widely used in the market.
• Based on process, the fusion cutting segment has captured the largest market share in 2023.
• Based on end user, the industrial segment has expected to dominate the market in coming forecast years.

Facts & Figures

• In 2024, Bystronic, a Swiss manufacturer of laser cutting machines, introduced a new model in their line of high-power, large-format fiber laser cutting machines - the ByCut Eco. This cutting-edge machine comes with advanced features that ensure high stability and high-quality 2D laser cutting solutions.
• In February 2023, Jenoptik made a strategic acquisition with American company Kromek, a developer and manufacturer of laser-based gas analysers.
• In August 2022, Bystronic Inc. partnered with Nano Lock Security to develop tailored security solutions catering to the specific needs of sheet and tube metal cutting, bending, and automation systems.

Key Developments

• In February 2023, Kern Lasers Systems announced the launch of its new KT300 and KT500 CO2 laser cutting machines. These machines offer higher output power and faster cutting speeds than Kern's previous models.

Laser Cutting Machine Market Segmentation

By Technology Type: Among all the technology types, the fiber lasers is leading the market, this is due to their excellent operational capabilities, high production efficiency, and ability to cut a wide range of materials with precision. Fiber lasers are particularly popular for sheet metal cutting applications, which has contributed to their dominance in the market

By Function Type: Robotic laser cutting machines are more widely used in the market. This is because robotic systems offer greater precision, flexibility, and efficiency, making them ideal for high-volume production and complex cutting tasks. They can handle a variety of materials and shapes, and their automation capabilities reduce the need for manual intervention, leading to higher productivity and lower labour costs.

By Process: The fusion cutting segment has captured the largest market share in the market, as fusion cutting is highly versatile and can handle a wide range of materials, including various metals and non-metals. Its ability to process different materials efficiently makes it superior to other cutting methods, leading to its dominant position in the market

By End User: Among the end users, the industrial segment is expected to dominate the market. Due to, industries such as automotive, aerospace, electronics, and metal fabrication require high precision and efficiency in their manufacturing processes. Laser cutting machines are well-suited to meet these demands, offering accurate and automated cutting solutions that enhance productivity and reduce material wastage.