Laser Cutting Machines Market Size, Growth Trends & Forecast 2032
- Pallavi Garudkar
- 1 day ago
- 2 min read
According to Fortune Business Insights the global laser cutting machines market size was valued at USD 6.31 billion in 2024. The market is projected to grow from USD 6.85 billion in 2025 to USD 14.14 billion by 2032, exhibiting a CAGR of 10.9% during the forecast period. The global laser cutting machines market is witnessing steady growth driven by rising industrial automation, demand for high-precision cutting, and expanding adoption across automotive, electronics, metal fabrication, and aerospace industries. Advancements in fiber laser technology and the growing shift toward digital manufacturing are further accelerating market expansion.
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Market Drivers:
Growing demand for precision metal cutting in automotive and aerospace sectors
Expansion of industrial automation and smart factories
Rising adoption of fiber lasers for high-speed cutting
Increasing use of laser systems for sheet metal processing
Market Restraints:
High initial cost of laser cutting machines
Need for skilled professionals to operate advanced equipment
Availability of alternative cutting technologies in some industries
Segmentation Analysis:
By Technology
Fiber Laser
CO₂ Laser
Solid-State Laser
By Application
Automotive
Aerospace & Defense
Industrial Machinery
Electronics
By End-Use Industry
Manufacturing
Metal Processing
Energy
Construction
Regional Insights:
Asia Pacific: Dominates the global market due to strong manufacturing activity in China, Japan, India, and South Korea. Rapid growth of automotive, electronics, and metal fabrication industries supports market expansion.
North America: Strong adoption of advanced laser technologies and automation in manufacturing. Significant demand from aerospace and industrial machinery sectors.
Europe: Growth supported by automotive production and increasing focus on precision engineering. Germany remains a key hub for laser technology innovation.
List of Top Laser Cutting Machines Companies
Trumpf (Germany)
Hanslaser (China)
HGTECH (China)
Bystronic (Switzerland)
Jinan Bodor CNC Machine Co., Ltd. (China)
Amada (Japan)
Salvagnini (Italy)
PrimaPower (Italy)
Key Industry Development:
February 2025: xTool introduced a high-precision 40W laser module capable of cutting and engraving delicate components with improved accuracy.
October 2024: TRUMPF launched the 24 kW TruDisk 24001 laser, offering three-times faster processing and the ability to cut metal sheets up to 20 mm thick.
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