Lewes, DE -- (SBWIRE) -- 05/12/2016 -- Report forecast the global laser cutting machine market to grow at a CAGR of 8.91% during the period 2016-2020.

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.

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:
- APAC
- EMEA
- Americas

According to the report, many companies implement process automation to enhance their productivity and increase profit margins. The use of automation in ports is a recent trend in the market. For example, the automation of Rotterdam port has resulted in effective management of the largest port in Europe. Other ports have also adopted automation with the aim of controlling their losses and regulating resources.

Further, the report states that high productivity and efficiency has boosted the demand for laser cutting technology in the manufacturing and other industrial processes. However, to ensure that the efficiency and productivity is not compromised, laser cutting machines need continuous maintenance and service, which is inhibiting its adoption by many end-users.

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.

key players in the Global Laser Cutting Machine Market: Coherent, IPG Photonics, Newport, Rofin-Sinar Technologies, and Trumpf.

Other Prominent Vendors in the market are: Alpha Laser, Bystronic, DPSS Laser, Prima Industries, Trotec Laser, Universal Laser Systems, and Xenetech Global.

Market driver
- Need for automation
- For a full, detailed list, view our report

Market challenge
- Need for aftersales services
- For a full, detailed list, view our report

Market trend
- Mergers and acquisitions
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 60 pages and 21 Exhibit "Global Laser Cutting Machine Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by products, Market segmentation by end users, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-laser-cutting-machine-market-2016-2020

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