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Major countries contributing to the Laser Processing Market in APAC include China, Japan, South Korea,

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Major countries contributing to the Laser Processing Market in APAC include China, Japan, South Korea,

June 23
07:53 2020

The global laser processing market size is projected to grow from USD 4.0 billion in 2020 to USD 5.8 billion by 2025; it is projected to grow at a CAGR of 7.8%. The laser processing industry’s growth is driven mainly by the growing preference of end-user industries for laser-based material processing over traditional approaches, increasing demand for high-quality and genuine end-products, rising demand for miniaturization of microelectronic devices, and surging technological advancements in the medical sector.

Key players operating in the laser processing market include Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), Jenoptik (Germany), Lumentum (US), Gravotech (France), LaserStar (US), Lumibird (France), and Epilog Laser (US). Many major companies are focusing on undertaking organic and inorganic growth strategies, such as product launches & developments, mergers & acquisitions, agreements, contracts, partnerships, collaborations, and expansions, for increasing their revenue.

 

https://www.marketsandmarkets.com/Market-Reports/Laser-Cutting-Boring-and-Engraving-Machines-Market-611.html

 

Top two players in global laser processing market

 

Coherent (US) held the leading position in the global laser processing market in 2019. It is a provider of industrial and fiber laser solutions and deals in technologies such as diode-pumped solid-state laser, fiber laser, gas laser (CO, CO2, excimer, and ion), optically pumped semiconductor laser (OPSL), semiconductor laser, and ultrafast laser. These laser technologies find applications in several end-user industries, including healthcare, scientific research, electronics, military & defense, and manufacturing. The key factors responsible for Coherent’s market leadership include a well-balanced product portfolio, strong international brand name, customer retention capabilities, and global presence. The company is focusing on growth through the acquisition of new technologies, enhancement of its technology portfolio, and diversification of products into new markets and regions. Coherent has its presence in the Americas, Europe, Middle East & Africa, and Asia Pacific (APAC). Some of its subsidiaries are Coherent GmbH (Germany), Coherent Ltd. (UK), Coherent Japan KK (Japan), Lambda Physik USA, Inc. (US), and Coherent Commercial Company Ltd. (China).

Trumpf (Germany) has established itself as one of the leading players in the laser processing market. The company—through more than 70 of its subsidiaries—has achieved global presence across Asia Pacific, North America, South America, and Europe; the company also has 17 production units in Europe. Some of its subsidiaries include KOZ Makina (Turkey), Ferdinand-Braun-Institut (Germany), Leibniz-Institut für Hochstfrequenztechnik (FBH) (Germany), TRUMPF Homberger s.r.l. (Italy), Trumpf GMBH Korea Co., Ltd. (South Korea), and PT TRUMPF Indonesia (Indonesia). The company is in the process of expanding its already broad laser processing solutions portfolio. In 2019, it invested USD 443 million in R&D to support organic growth. Additionally, the company has been focusing on increasing its footprint across the world. As part of such initiatives, the company, in May 2018, invested approximately USD 27 million in its Chinese subsidiary, JFY, and its Chinese division, TRUMPF China, to expand its production capacity. Earlier, in October 2017, the company opened a logistics center at its headquarters in Ditzingen, Germany, with an investment of approximately USD 53 million, to enable faster delivery of consumables and spare parts.

 

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