CNC Fiber Laser Market Size- By Product, By Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global CNC Fiber Laser Market Overview

According to SPER Market Research, the Global CNC Fiber Laser Market is estimated to reach USD 2.99 billion by 2032 with a CAGR of 7.36%.

A CNC laser cutter is a component of CNC machinery that uses a concentrated, powerful laser beam to mark, engrave, or cut materials into certain forms. It is thought to have a unique design that makes it extremely accurate, especially when cutting intricate designs and tiny holes. CNC laser cutting is now a heat, non-contact procedure. Using a nozzle, this lens and head combination focuses a laser beam on the workpiece, melting and cutting it to create the required shape.

With CNC lasers, compressed gas is used to cool the focusing lens and expel evaporated metal from the workpiece. In the past few years, the demand for CNC fibre lasers has increased dramatically on a global scale.

The primary factor driving the market's expansion is the rising need for electric vehicles, telecom communication equipment, medical gadgets, and equipment used in semiconductor fabrication (EV). Additionally, it is anticipated that the market would experience rise in the next years due to the increasing demand for ultra-precision machines and five-axis milling machines.The market for CNC fibre lasers has experienced tremendous expansion over the past few years. The increasing adoption of automation technologies in developing countries like Mexico, Brazil, India, Cambodia, and Vietnam is the main factor driving the market's expansion. Industrial design businesses rely on CNC machines to make furniture, modular kitchens, educational & play equipment, and PoS units, which is expected to fuel market expansion in the ensuing years.

Impact of COVID-19 on the Global CNC Fiber Laser Market

The global CNC fiber laser market, like many other industries, has been significantly impacted by the COVID-19 pandemic. The pandemic has caused disruptions in the global supply chain and has led to a decrease in demand for laser cutting machines due to the temporary closure of manufacturing facilities across the world. The lockdowns and social distancing measures implemented in several countries resulted in a decline in the production and supply of CNC fiber laser systems. Travel restrictions and border closures have also made it difficult for manufacturers to procure raw materials and equipment from their suppliers, which has caused a further delay in the production process.

However, as many countries gradually reopened their economies, demand for CNC fiber laser systems has started to recover, especially in industries such as automotive, aerospace, and electronics, which heavily rely on laser cutting machines for their manufacturing processes. The increase in demand for personal protective equipment (PPE) also led to a surge in demand for laser cutting machines, as they are widely used in the production of masks, gowns, and face shields.

Furthermore, the pandemic has also driven a greater need for automation and contactless manufacturing processes, which could potentially benefit the CNC fiber laser market. Manufacturers may look to invest in CNC fiber laser systems to replace manual labor and reduce the risk of transmission of the virus among workers.

Overall, while the COVID-19 pandemic has certainly impacted the CNC fiber laser market, the gradual recovery of the manufacturing sector and the increased demand for automated and contactless manufacturing processes could drive the market's growth in the coming years.

Scope of the Report

Report Metric Details:

• Market size available for years: 2019-2032

• Base year considered: 2021

• Forecast period: 2022-2032

• Segments covered: By Product, By Type, By Application, By End User.

• Regions covered: Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

• Companies Covered: Mcmillanco, Mantech Machinery Ltd, Zinser Gmbh, Hglaser Engineering Co. Ltd., Accurl, Yamazaki Mazak Corporation, Gmt Engineers Pvt. Ltd., Mitsubishi Electric Corporation, Precision Waterjet and Laser, Messer Cutting Systems Gmbh, HPC Laser Ltd., Bodor, CTR Lasers, Multicam Inc.

Global CNC Fiber Laser Market Segmentation:

• By Product: Based on the Product, Global CNC Fiber Laser Market is segmented as; CNC CO2 Laser Cutter, CNC Crystal Layer Cutter, CNC Fiber Laser Cutter

• By Type: Based on the Type, Global CNC Fiber Laser Market is segmented as; Movable Gantry Type, Stationary Gantry Type

• By End User : Based on the End User, Global CNC Fiber Laser Market is segmented as; Aerospace Defense, Automotive, Building and Construction, Consumer Electronics, Energy Power, Furniture, Medical, Transportation, Other

• By Region: The Global CNC Fiber Laser market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. Asia-Pacific led the global CNC fibre laser market in last years, and analysts predict that region's market would register the highest CAGR over the forecast period.