Global Laser Cutting Robot Market

According to a new report published by Introspective Market Research, titled, “Laser Cutting Robot Market by Component, Deployment, Enterprise Size, Application: Global Opportunity Analysis and Industry Forecast, 2024–2032,” 

the Global Laser Cutting market size is expected to grow from USD 1742.77 Million in 2023 to USD 3548.2 Million by 2032, at a CAGR of 8.22% during the forecast period (2024-2032).

Laser cutting machines are advanced manufacturing tools that utilize laser-guided systems for cutting operations across various industries globally. Moreover, precise and automated cutting processes assist shop floors in executing operations effectively and precisely, resulting in reduced material wastage.

The Laser Cutting Robot Market is segmented into Type, Application, End-User, and region. By Type, the market is categorized into CO2 Laser Cutting Machines, Fiber Laser Cutting Machines, and YAG Cutting Machines. By Application, the market is categorized into Metal Materials and non-metal Materials. By End-User, the market is categorized into Automotive, Aerospace and Defense, Medical Devices, Electronics, and Home Appliance. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

Industrialization across the globe decelerated during the pandemic but recovered significantly in the post-pandemic era with investments in operational capacity expansion. Moreover, the demand for steel in automotive manufacturing is expected to increase, driving the demand for laser cutting in industrial operations. These machines are advanced equipment offering maximum production output with substantial savings through operational costs. The availability of such features and operational excellence is expected to drive the laser cutting machines share during the forecast period.

Modern engineering has been transforming production styles and capacities globally by integrating industrial IoT and automation. This automation has extended production capacities, offering features such as low labor costs and minimized operational expenses, enhancing the potential of laser-cutting machines. These machines provide operational efficiency with great productivity and, thus are expected to bolster the laser cutting machines industry size during the forecast period.

Global Laser Cutting Robot Market, Segmentation

Laser Cutting Robot Market Segmented on the basis of Type, Application, End-User, and region.

Type:

CO2 Laser Cutting Machines Segment is Expected to Dominate the Market During the Forecast Period. The market is expected to be led by CO2 laser cutting machines, given their versatility and widespread applications across various industries. These machines employ a high-powered laser beam generated by a carbon dioxide gas mixture for precise and fast material cutting. Their dominance is attributed to their capability to cut diverse materials, including metals, plastics, wood, and textiles, making them indispensable in industries like automotive, aerospace, electronics, and manufacturing. The superior cutting capabilities of CO2 laser cutting machines, along with minimal heat-affected zones and reduced material wastage, contribute to their growing preference in the market.

End User:

The automotive sector has consistently maintained its leading position, commanding the largest market share. Several factors contribute to the prominence of this industry, including the increasing global demand for vehicles, advancements in technology, and changing consumer preferences. The rise of electric vehicles, along with continuous innovations in autonomous driving technologies, has further contributed to the expansion of the automotive market.

Region:

The Asia Pacific region is expected to establish itself as a leading force in the market, positioned to take the lead in terms of market share. The region's strong economic growth, coupled with a growing population and expanding urbanization, provides a favorable environment for market growth. The rapid industrialization and development of infrastructure further contribute to the region's dominance, creating a robust demand for various products and services across multiple sectors.

Some of the leading Laser Cutting Robot market players are

• FANUC America Corporation (U.S.)
• Shape Process Automation (U.S.)
• Hypertherm (U.S.)
• IPG Photonics (U.S.)
• Staubli (Switzerland)
• Bystronic (Switzerland)
• ABB (Switzerland)
• KUKA Robotics (Germany)
• Trumpf (Germany)
• Jenoptik (Germany)
• Blm Group (Italy)
• ESAB (Sweden)
• Yaskawa (Japan)
• Amada (Japan)
• Mitsubishi Electric Corporation (Japan)
• Scantech Laser Pvt Ltd. (Australia)
• Han's Laser Smart Equipment (China)
• Gweike (China)
• Shenzhen Lei Kang Machinery Equipment Co., Ltd (China), and Other Major Players.

 Key Industry Developments

• In October 2023, TRUMPF is poised to launched its TruMatic 5000 manufacturing cell with the new SheetMaster at Blechexpo in Stuttgart. Users of the new system will benefit from fully automated laser-cutting, punching and forming capabilities. The new SheetMaster enables a fully automated flow of materials within the manufacturing cell – from loading and unloading the machine to removing finished parts.
• In December 2023, FANUC America, a world leader in CNCs, robotics, and ROBOMACHINES introduced the new M-710iD/50M robot, representing the company’s first update to the popular M-710i robot series in 17 years.

 Key Findings of the Study / Key Industry Developments. 

• By Type, CO2 Laser Cutting Machines Segment is Expected to Dominate the Market During the Forecast Period
• By End-User, Automotive Segment Held the Largest Share of 35% in 2023