The Latin America, Middle East and Africa Laser Cutting Machines Market would witness market growth of 8.3% CAGR during the forecast period (2023-2029).
Fiber laser cutting has advantages such as precise, high-quality cuts, an enhanced process for micro-cutting, and the ability to shape structural steel, making it the preferred method among manufacturers. In addition, the popularity of fiber laser cutting equipment is fueled by several important characteristics, such as ergonomics, speed of operation, and high-power safety. In addition to that, the majority of these machines use pre-focused optical systems that are equipped with the required deflection lenses. This improves focus precision, laser light transmission, and overall performance. Thus, the emergence of innovative new technologies is propelling market expansion.
The growth of the market results from the competitive technology's various advantages, such as high processing speed, smooth finish, and simple programming. In addition, the increase in demand for processing various materials, such as wood, plastic, and metals, will likely result in expanding the laser-cutting machines market. In addition, predictive analysis entices manufacturers to engage in industry 4.0 solutions because it reduces maintenance and replacement costs by notifying them of the machine's operational status in advance.
The Roads and Transport Authority (RTA) has also waived public parking costs for EVs licensed in Dubai for two years and given free Salik stickers to those registered in the Emirate. In addition, on September 1, 2017, DEWA started providing free charging to all EV users registered for the DEWA EV Green Charger Initiative. The incentive extension became effective on January 1, 2020, and it will last for all non-commercial EV consumers signed up for the program through December 31, 2021.
To meet the Kingdom's 2030 target of producing 300,000 vehicles annually with 40% local content, the National Industrial Development Center (NIDC) plans to hire three to four original equipment manufacturers along the ICE and EV value chain. In addition, NIDC encourages industrialization by offering funding, tax breaks, and tariff exemptions. For businesses looking for joint venture agreements in the Kingdom, the demand for car body panels, tires, seats, wheel components, seat belts, rear indicator light covers, fuel pumps, headlamps, bumpers, and engine covers presents prospects for entry or expansion, which will support the growth of the LAMEA market.
The Brazil market dominated the LAMEA Laser Cutting Machines Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $191.4 million by 2029. The Argentina market is showcasing a CAGR of 8.9% during (2023 - 2029). Additionally, The UAE market would exhibit a CAGR of 8.1% during (2023 - 2029).
Based on Application, the market is segmented into Industrial, Automotive, Consumer Electronics, Defense & Aerospace, and Others. Based on Technology, the market is Solid State Lasers, Gas Lasers, and Semiconductor Lasers. Based on Process, the market is Flame Cutting, Fusion Cutting, and Sublimation Cutting. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Laser Cutting Machines Market is Projected to reach USD 9.5 Billion by 2029, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AMADA CO., LTD., TRUMPF SE + Co. KG, FANUC Corporation, Bystronic Laser AG, Coherent Corp., IPG Photonics Corporation, Jenoptik AG, DPSS Lasers, Inc., Epilog Laser, and Kern Laser Systems.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Industrial
- Automotive
- Consumer Electronics
- Defense & Aerospace
- Others
By Technology
- Solid State Lasers
- Gas Lasers
- Semiconductor Lasers
By Process
- Flame Cutting
- Fusion Cutting
- Sublimation Cutting
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AMADA CO., LTD.
- TRUMPF SE + Co. KG
- FANUC Corporation
- Bystronic Laser AG
- Coherent Corp.
- IPG Photonics Corporation
- Jenoptik AG
- DPSS Lasers, Inc.
- Epilog Laser
- Kern Laser Systems
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Laser Cutting Machines Market, by Application
1.4.2 LAMEA Laser Cutting Machines Market, by Technology
1.4.3 LAMEA Laser Cutting Machines Market, by Process
1.4.4 LAMEA Laser Cutting Machines Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Mar – 2023, Apr) Leading Players
Chapter 4. LAMEA Laser Cutting Machines Market by Application
4.1 LAMEA Industrial Market by Country
4.2 LAMEA Automotive Market by Country
4.3 LAMEA Consumer Electronics Market by Country
4.4 LAMEA Defense & Aerospace Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Laser Cutting Machines Market by Technology
5.1 LAMEA Solid State Lasers Market by Country
5.2 LAMEA Gas Lasers Market by Country
5.3 LAMEA Semiconductor Lasers Market by Country
Chapter 6. LAMEA Laser Cutting Machines Market by Process
6.1 LAMEA Flame Cutting Market by Country
6.2 LAMEA Fusion Cutting Market by Country
6.3 LAMEA Sublimation Cutting Market by Country
Chapter 7. LAMEA Laser Cutting Machines Market by Country
7.1 Brazil Laser Cutting Machines Market
7.1.1 Brazil Laser Cutting Machines Market by Application
7.1.2 Brazil Laser Cutting Machines Market by Technology
7.1.3 Brazil Laser Cutting Machines Market by Process
7.2 Argentina Laser Cutting Machines Market
7.2.1 Argentina Laser Cutting Machines Market by Application
7.2.2 Argentina Laser Cutting Machines Market by Technology
7.2.3 Argentina Laser Cutting Machines Market by Process
7.3 UAE Laser Cutting Machines Market
7.3.1 UAE Laser Cutting Machines Market by Application
7.3.2 UAE Laser Cutting Machines Market by Technology
7.3.3 UAE Laser Cutting Machines Market by Process
7.4 Saudi Arabia Laser Cutting Machines Market
7.4.1 Saudi Arabia Laser Cutting Machines Market by Application
7.4.2 Saudi Arabia Laser Cutting Machines Market by Technology
7.4.3 Saudi Arabia Laser Cutting Machines Market by Process
7.5 South Africa Laser Cutting Machines Market
7.5.1 South Africa Laser Cutting Machines Market by Application
7.5.2 South Africa Laser Cutting Machines Market by Technology
7.5.3 South Africa Laser Cutting Machines Market by Process
7.6 Nigeria Laser Cutting Machines Market
7.6.1 Nigeria Laser Cutting Machines Market by Application
7.6.2 Nigeria Laser Cutting Machines Market by Technology
7.6.3 Nigeria Laser Cutting Machines Market by Process
7.7 Rest of LAMEA Laser Cutting Machines Market
7.7.1 Rest of LAMEA Laser Cutting Machines Market by Application
7.7.2 Rest of LAMEA Laser Cutting Machines Market by Technology
7.7.3 Rest of LAMEA Laser Cutting Machines Market by Process
Chapter 8. Company Profiles
8.1 AMADA CO., LTD.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Product Launches and Product Expansions:
8.1.4.2 Acquisition and Mergers:
8.1.5 SWOT Analysis
8.2 TRUMPF SE + Co. KG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.3 FANUC Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Product & Service and Regional Analysis
8.3.4 Research & Development Expense
8.4 Bystronic Laser AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.4.4.2 Geographical Expansions:
8.5 Coherent Corp.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.6 IPG Photonics Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expenses
8.7 Jenoptik AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Acquisition and Mergers:
8.8 Epilog Laser
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Kern Laser Systems
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.10. DPSS Lasers, Inc.
8.10.1 Company Overview
TABLE 1 LAMEA Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Laser Cutting Machines Market
TABLE 4 Product Launches And Product Expansions– Laser Cutting Machines Market
TABLE 5 Acquisition and Mergers– Laser Cutting Machines Market
TABLE 6 Geographical Expansions– Laser Cutting Machines Market
TABLE 7 LAMEA Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 8 LAMEA Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 9 LAMEA Industrial Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Industrial Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Automotive Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Automotive Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Consumer Electronics Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA Defense & Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Defense & Aerospace Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 19 LAMEA Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 20 LAMEA Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 21 LAMEA Solid State Lasers Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Solid State Lasers Market by Country, 2023 - 2029, USD Million
TABLE 23 LAMEA Gas Lasers Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Gas Lasers Market by Country, 2023 - 2029, USD Million
TABLE 25 LAMEA Semiconductor Lasers Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Semiconductor Lasers Market by Country, 2023 - 2029, USD Million
TABLE 27 LAMEA Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 28 LAMEA Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 29 LAMEA Flame Cutting Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Flame Cutting Market by Country, 2023 - 2029, USD Million
TABLE 31 LAMEA Fusion Cutting Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Fusion Cutting Market by Country, 2023 - 2029, USD Million
TABLE 33 LAMEA Sublimation Cutting Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Sublimation Cutting Market by Country, 2023 - 2029, USD Million
TABLE 35 LAMEA Laser Cutting Machines Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Laser Cutting Machines Market by Country, 2023 - 2029, USD Million
TABLE 37 Brazil Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 38 Brazil Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 39 Brazil Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 40 Brazil Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 41 Brazil Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 42 Brazil Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 43 Brazil Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 44 Brazil Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 45 Argentina Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 46 Argentina Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 47 Argentina Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 48 Argentina Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 49 Argentina Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 50 Argentina Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 51 Argentina Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 52 Argentina Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 53 UAE Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 54 UAE Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 55 UAE Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 56 UAE Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 57 UAE Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 58 UAE Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 59 UAE Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 60 UAE Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 61 Saudi Arabia Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 62 Saudi Arabia Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 63 Saudi Arabia Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 64 Saudi Arabia Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 65 Saudi Arabia Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 67 Saudi Arabia Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 69 South Africa Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 70 South Africa Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 71 South Africa Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 72 South Africa Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 73 South Africa Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 74 South Africa Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 75 South Africa Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 76 South Africa Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 77 Nigeria Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 78 Nigeria Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 79 Nigeria Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 80 Nigeria Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 81 Nigeria Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 82 Nigeria Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 83 Nigeria Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 84 Nigeria Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 85 Rest of LAMEA Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 86 Rest of LAMEA Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 87 Rest of LAMEA Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 88 Rest of LAMEA Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 89 Rest of LAMEA Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 91 Rest of LAMEA Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 92 Rest of LAMEA Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 93 Key Information – AMADA CO., LTD.
TABLE 94 Key Information – TRUMPF SE + Co. KG
TABLE 95 key information – FANUC Corporation
TABLE 96 Key information – Bystronic Laser AG
TABLE 97 Key Information – Coherent Corp.
TABLE 98 Key Information – IPG Photonics Corporation
TABLE 99 Key Information – Jenoptik AG
TABLE 100 Key Information – Epilog Laser
TABLE 101 key Information – Kern Laser Systems
TABLE 102 Key Information – DPSS Lasers Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Mar – 2023, Apr) Leading Players
FIG 5 LAMEA Laser Cutting Machines Market share by Application, 2022
FIG 6 LAMEA Laser Cutting Machines Market share by Application, 2029
FIG 7 LAMEA Laser Cutting Machines Market by Application, 2019 - 2029, USD Million
FIG 8 LAMEA Laser Cutting Machines Market share by Technology, 2022
FIG 9 LAMEA Laser Cutting Machines Market share by Technology, 2029
FIG 10 LAMEA Laser Cutting Machines Market by Technology, 2019 - 2029, USD Million
FIG 11 LAMEA Laser Cutting Machines Market share by Process, 2022
FIG 12 LAMEA Laser Cutting Machines Market share by Process, 2029
FIG 13 LAMEA Laser Cutting Machines Market by Process, 2019 - 2029, USD Million
FIG 14 LAMEA Laser Cutting Machines Market share by Country, 2022
FIG 15 LAMEA Laser Cutting Machines Market share by Country, 2029
FIG 16 LAMEA Laser Cutting Machines Market by Country, 2019 - 2029, USD Million
FIG 17 SWOT Analysis: Amada Co., Ltd.
FIG 18 Recent strategies and developments: TRUMPF SE + Co. KG