The North America Laser Cutting Machines Market would witness market growth of 4.6% CAGR during the forecast period (2023-2029).
The method of laser cutting is a form of thermal processing that involves the use of a focused beam of light to change the material in an intensely localized area. A co-axial burner is utilized to discharge the liquid material and create a kerf. An eternal cut is produced by manipulating the beam of light or piece of work under CNC control. There are three fundamental varieties of laser cutting: fusion, flame, and remote. Utilizing an inert gas (typically nitrogen), molten material is expelled from the kerf during infusion cutting. Nitrogen gas does not contribute to the energy input because it does not react exothermically with molten metal.
In flame cutting, oxygen is used as a support gas; this results in an exothermic reaction that boosts the energy input and mechanically stresses the molten material. A high-intensity laser beam partially vaporizes the material during remote cutting, enabling thin sheets to be sliced without using an assist gas. In addition, laser cutting is a technology used to cut materials like carbon dioxide, solid-state, and fiber. In addition, laser cutting machines can precisely cut various materials, including steel and plastic. It is a vital production tool utilized by consumer electronics, automotive, machine tooling, and other manufacturing industries to produce components with complex geometry.
A key pillar of the Mexican economy is the industrial sector. The industry, which accounts for 18.5% of the economy and 47.9% of the investment, is the main draw for FDI. Mexico has 14 free trade agreements with more than 46 countries and grants preferential access to various industries. About 80% of the nation's exports go to the US, an important trading partner. The region's industrial sector's strong presence and ongoing development are anticipated to increase the use of laser cutting technologies for production, driving the market's expansion in the region.
The US market dominated the North America Laser Cutting Machines Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,954.1 million by 2029. The Canada market is poised to grow at a CAGR of 7% during (2023 - 2029). Additionally, The Mexico market would showcase a CAGR of 6% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Laser Cutting Machines Market, by Application
1.4.2 North America Laser Cutting Machines Market, by Technology
1.4.3 North America Laser Cutting Machines Market, by Process
1.4.4 North America 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. North America Laser Cutting Machines Market by Application
4.1 North America Industrial Market by Country
4.2 North America Automotive Market by Country
4.3 North America Consumer Electronics Market by Country
4.4 North America Defense & Aerospace Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Laser Cutting Machines Market by Technology
5.1 North America Solid State Lasers Market by Country
5.2 North America Gas Lasers Market by Country
5.3 North America Semiconductor Lasers Market by Country
Chapter 6. North America Laser Cutting Machines Market by Process
6.1 North America Flame Cutting Market by Country
6.2 North America Fusion Cutting Market by Country
6.3 North America Sublimation Cutting Market by Country
Chapter 7. North America Laser Cutting Machines Market by Country
7.1 US Laser Cutting Machines Market
7.1.1 US Laser Cutting Machines Market by Application
7.1.2 US Laser Cutting Machines Market by Technology
7.1.3 US Laser Cutting Machines Market by Process
7.2 Canada Laser Cutting Machines Market
7.2.1 Canada Laser Cutting Machines Market by Application
7.2.2 Canada Laser Cutting Machines Market by Technology
7.2.3 Canada Laser Cutting Machines Market by Process
7.3 Mexico Laser Cutting Machines Market
7.3.1 Mexico Laser Cutting Machines Market by Application
7.3.2 Mexico Laser Cutting Machines Market by Technology
7.3.3 Mexico Laser Cutting Machines Market by Process
7.4 Rest of North America Laser Cutting Machines Market
7.4.1 Rest of North America Laser Cutting Machines Market by Application
7.4.2 Rest of North America Laser Cutting Machines Market by Technology
7.4.3 Rest of North America 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 North America Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 2 North America 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 North America Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 8 North America Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 9 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Industrial Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Automotive Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Consumer Electronics Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Defense & Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Defense & Aerospace Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 20 North America Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 21 North America Solid State Lasers Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Solid State Lasers Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Gas Lasers Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Gas Lasers Market by Country, 2023 - 2029, USD Million
TABLE 25 North America Semiconductor Lasers Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Semiconductor Lasers Market by Country, 2023 - 2029, USD Million
TABLE 27 North America Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 28 North America Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 29 North America Flame Cutting Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Flame Cutting Market by Country, 2023 - 2029, USD Million
TABLE 31 North America Fusion Cutting Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Fusion Cutting Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Sublimation Cutting Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Sublimation Cutting Market by Country, 2023 - 2029, USD Million
TABLE 35 North America Laser Cutting Machines Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Laser Cutting Machines Market by Country, 2023 - 2029, USD Million
TABLE 37 US Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 38 US Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 39 US Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 40 US Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 41 US Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 42 US Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 43 US Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 44 US Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 45 Canada Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 46 Canada Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 47 Canada Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 48 Canada Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 49 Canada Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 50 Canada Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 51 Canada Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 52 Canada Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 53 Mexico Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 54 Mexico Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 55 Mexico Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 56 Mexico Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 57 Mexico Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 58 Mexico Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 59 Mexico Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 60 Mexico Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 61 Rest of North America Laser Cutting Machines Market, 2019 - 2022, USD Million
TABLE 62 Rest of North America Laser Cutting Machines Market, 2023 - 2029, USD Million
TABLE 63 Rest of North America Laser Cutting Machines Market by Application, 2019 - 2022, USD Million
TABLE 64 Rest of North America Laser Cutting Machines Market by Application, 2023 - 2029, USD Million
TABLE 65 Rest of North America Laser Cutting Machines Market by Technology, 2019 - 2022, USD Million
TABLE 66 Rest of North America Laser Cutting Machines Market by Technology, 2023 - 2029, USD Million
TABLE 67 Rest of North America Laser Cutting Machines Market by Process, 2019 - 2022, USD Million
TABLE 68 Rest of North America Laser Cutting Machines Market by Process, 2023 - 2029, USD Million
TABLE 69 Key Information – AMADA CO., LTD.
TABLE 70 Key Information – TRUMPF SE + Co. KG
TABLE 71 key information – FANUC Corporation
TABLE 72 Key information – Bystronic Laser AG
TABLE 73 Key Information – Coherent Corp.
TABLE 74 Key Information – IPG Photonics Corporation
TABLE 75 Key Information – Jenoptik AG
TABLE 76 Key Information – Epilog Laser
TABLE 77 key Information – Kern Laser Systems
TABLE 78 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 North America Laser Cutting Machines Market share by Application, 2022
FIG 6 North America Laser Cutting Machines Market share by Application, 2029
FIG 7 North America Laser Cutting Machines Market by Application, 2019 - 2029, USD Million
FIG 8 North America Laser Cutting Machines Market share by Technology, 2022
FIG 9 North America Laser Cutting Machines Market share by Technology, 2029
FIG 10 North America Laser Cutting Machines Market by Technology, 2019 - 2029, USD Million
FIG 11 North America Laser Cutting Machines Market share by Process, 2022
FIG 12 North America Laser Cutting Machines Market share by Process, 2029
FIG 13 North America Laser Cutting Machines Market by Process, 2019 - 2029, USD Million
FIG 14 North America Laser Cutting Machines Market share by Country, 2022
FIG 15 North America Laser Cutting Machines Market share by Country, 2029
FIG 16 North America 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