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World Laser Machine Tools Market
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Research Overview
This Frost & Sullivan research service on World Laser Machine Tools Markets provides a comprehensive listing of the market sizing, technology trends, geographical trends, and revenue forecasts, along with extensive analysis of drivers, restraints, and challenges impacting laser machine tool manufacturers. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following markets: carbon dioxide lasers, solid-state lasers, other lasers (fiber/disc lasers) and their advent into various industries such as machine fabrication, automotive, aerospace, electronics, and others.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Cutting machine tools market
- Welding machine tools market
- Marking machine tools market
Technologies
The following technologies are covered in this research:
- Carbon dioxide lasers
- Solid-state lasers
- Other lasers (fiber and disc)
Market Overview
Superior Material Processing Capabilities Powers the Laser Machine Tools Market
Capitalizing on the spate of consolidations in the market, laser machine tool manufacturers are focusing on providing one-stop solutions for customers’ material processing needs. By raising the bar on the level of accuracy and perfection in material processing, lasers have significantly changed the way work is done in numerous industries. The ability to eliminate issues and costs relating to tool wear, heat affected zone (HAZ), secondary finishing operations, and maintenance have rapidly popularized laser machine tools in end-user markets.
Lasers have radically improved the quality and the range of materials processed, thereby raising consumer interest. "Lasers’ high output powers in both continuous wave (CW) and pulsed mode at various wavelengths helps it to cover the absorption spectrum of several industrial materials including most metals, glass, ceramics, plastics, and rubber," says the analyst of this research service. Laser machine tools also do away with concerns regarding damage to materials, which is a common issue when employing conventional machine tools. These advantages have made laser technology the preferred tool for material processing.
Opening up of Asian Economies Bodes Well for the Market
The market is experiencing a glut of opportunities with the opening up of the Asian and east European economies. These untapped, low-cost regions are becoming the hub of manufacturing activity, encouraging industries such as machine fabrication, automotive, aerospace, electronics, and other industries to set up operations here. This, in turn, is aiding the growth of versatile laser machine tools and necessitating the development of more cost-effective as well as robust laser solutions that can function even in hazardous environments.
Technological upgrades and introduction of innovative solutions are likely to make laser machine tools more affordable. Fiber and disc lasers and improvements in existing carbon dioxide as well as solid-state lasers are expected to drive down production costs for end users. "For instance, lasers in the automotive industry enable high processing speed, offer quality finish, and reduce downtimes, thereby lowering operational costs," notes the analyst. "Lasers also solve problems relating to remote welding, spot welding, and three-dimensional (3D) cutting operations." To increase market acceptance of these tools, manufacturers need to proactively conduct educational campaigns such as seminars, workshops, and training. This will help them convey the cost benefits of laser machine tools and thus, improve the uptake of their products.
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