NEW YORK, April 19, 2022 /PRNewswire/ -- The latest report on the laser cutting machine market in the US by Technavio infers that the increasing focus on automating the metal cutting process is driving this market's growth, resulting in market growth of USD 78.85 million from 2019 to 2024.
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Vendor Landscape and Scope
The laser cutting machine market in US is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Coherent Inc., Conzzeta Management AG, DMG MORI Co. Ltd., IPG Photonics Corp., Koike Aronson Inc., Laserline GmbH, Mitsubishi Electric Corp., TRUMPF GmbH + Co. KG, and Wuhan HGLaser Engineering Co. Ltd., among others, are some of the few key vendors competing to maintain their market position in the market.
The report also covers the following areas:
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Key Market Segmentation
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Latest Trends and Drivers in the Market
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Key Highlights
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Laser Cutting Machine Market Scope in US |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
Market growth 2020-2024 |
USD 78.85 million |
Market structure |
Fragmented |
YoY growth (%) |
2.31 |
Regional analysis |
US |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Coherent Inc., Conzzeta Management AG, DMG MORI Co. Ltd., IPG Photonics Corp., Koike Aronson Inc., Laserline GmbH, Mitsubishi Electric Corp., TRUMPF GmbH + Co. KG, and Wuhan HGLaser Engineering Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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