Market Size and Growth:
Industries use various machinery for the production of countless numbers of goods. Plastic, metal, wood, composite, and paper are among the materials cut accurately by fiber laser machines. Researchers have gathered some crucial stats to have the closest market information about these machines’ consumption and market worth. These stats will show the actual or at least the most intimate image of market growth between 2023 and 2025.Â
Some resources shared that the CAGR would be between 4.9% and 7%. In detail, it would be around 5.5% in the year 2023, which will be expected to reach 7% by 2025. Most resources claimed it would be about 5.5% on average.
Key Players of HiSpeed Laser:
Many key players have been ruling in the industry of fiber laser machines, where the competition is pretty tough. Some of them are;
- Yamazaki Mazak GroupÂ
- Trumpf GroupÂ
- Bystronic Laser AGÂ
- Hans Laser Technology Industry Group
- Manz AG
- Shenzhen Hymson Laser
- Wuhan Chutian Laser Group
- Avonisys AGÂ
- EurolaserÂ
- SalvagniniÂ
- HGLaser
Besides, some manufacturers are entering this industry with unbelievable prices that have never been seen before. Most of the manufacturers are from China and are giving competition to critical players in the industry. HiSpeed Laser Machine is one of the mega supplier from China that offers lower prices and the highest standards of fiber laser machines.
Industrial Consumption Laser Machine:
Industries use fiber laser machines for fast and precise cutting; mega-cutting of thick sheets is possible through them. Furthermore, the ambitions of automotive, electronic, metalworking, plastic, and textile.
Region’s Contribution of HiSpeed Laser:
The reports have shown that the Asia-Pacific region (China, Japan, India, and South Korea) contributes significantly. It is followed by North America (US, Canada, and Mexico). After it, European countries (Germany, the UK, and France) have their shares. In the rest of the regions, there are South America (Brazil) and South Africa. Regarding percentages, Asia Pacific rules with a 45% to 60% share in the market. North America has around 20% to 25% share, which has reduced in recent years.
COVID-19 and Russia-Ukraine War:
Two events have significantly impacted the world; the pandemic (COVID-19) and Russia-Ukraine War. From 2019 to 2021, the pandemic has shaken the whole economic system of all the countries. After that, the Russia-Ukraine War started in the second month of 2022.
It has created a massive disorder in the manufacturing industry, affecting buyers’ buying power globally. Layoffs and low hiring are also contributors to industrial damage throughout the world. These were the top events of this decade so far, but they are affecting industries heavily.
Contact:
HiSpeed Laser Technology Ltd.
+86 137 1335 8285
www.hispeedlasermachine.com
No.26th, Dongguan, Guangdong, China
