Opportunities Galore for Makers of Laser Cutting Machines in U.S. Medical Device Sector
The laser cutting machine market in the United States is poised to develop at a 5.50% CAGR from 2017 to 2021, according to findings of a recent study added to MarketResearchReports.biz. This report, titled “Laser Cutting Machine Market in the US 2017-2021”, offers the latest insights on the regional market and has been collated with the help of recommendations from leading experts and analysts. The industrial and vendor landscape of the laser cutting machine market in the U.S. and their growth prospects over the coming years have been presented in this publication.
There are a number of factors driving and limiting the growth of this market and the report discusses each of them in a detailed manner. According to the study, the laser cutting machine market in the U.S. is fueled by the rising need to design and develop products of superior quality. The growing use of fiber lasers for various micro-cutting applications in the medical device sector is an opportunity that many in this market are likely to capitalize on. On the flip side, however, several uncertainties in business and trade policies owing to the most recent presidential elections threaten to disrupt the growth trajectory of this market.
The report studies the U.S. laser cutting machine market based on product as well as end use. By way of product, the market is segmented into low-power CO2 machines, low-power fiber machines, and low-power solid-state machines. Accounting for the largest share in the U.S. market, low-power fiber laser cutting machines led the pack in 2016, powered by the machines’ ability to generate light that is 200% more efficient than CO2 lasers. This segment is slated to dominate the overall market through 2021.
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The key end users of laser cutting machines in the U.S. are the medical devices, semiconductor, and consumer electronics industries. The semiconductor industry holds the dominant position thanks to the invaluable role of this sector in the manufacturing of technological devices. It has been predicted that this segment will continue its leading streak throughout the course of the forecast period.
Mazak Optonics, Bystronic, TRUMPF, IPG Photonics, and Coherent are the leading companies operating in the U.S. laser cutting machine market. Other key players in this market include CYLASER, Cincinnati, Hypertherm, BLM, Sahajanand Laser Technology, DANOBATGROUP, Vytek Laser Systems, Jenoptik, Cutlite Penta, Amada America, and Laser Photonics.
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Based on the findings of the assessment of the vendor landscape, it has been observed that the nature of the laser cutting machine market in the U.S. is rather diversified and immensely competitive. This is owing to the fact that there are a large number of international as well as local vendors. However, analysts find that most of the smaller vendors are struggling with geographical expansion owing to the capital-intensive nature of this market. On the other hand, other bigger vendors are dedicating their resources toward proliferation of their product portfolio to gain a larger share in the laser cutting machine market.
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Posted by
Sonali Bardiya
on Thursday February 23 2017, 9:00 AM EST.
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