Market Research Report
Global Laser Cutting Machine Market 2016-2020
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||242761|
|Published||Content info||60 Pages
Laser cutting machines have high-power lasers that are capable of vaporizing a range of materials from steel to plastics with high levels of precision. The versatility of these machines enables manufacturers to cut materials and develop products and components that have complex geometry. The laser cutting machines provide an efficient and effective process of manufacturing components and parts in many sectors, including automotive, aerospace and defense, healthcare, plastics, electrical and electronics, textiles, and woodworking industries. Laser machines eliminate the need for tool-based machining, and minimize the production delays involved with the use of tool-based machines.
Technavio's analysts forecast the global laser cutting machine market to grow at a CAGR of 8.91% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global laser cutting machine market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from sales of laser cutting machines.
The market is divided into the following segments based on geography:
Technavio's report, Global Laser Cutting Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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