DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Industrial Laser Market: Size, Trends & Forecasts (2016-2020)" report to their offering.
The report titled Global Industrial Laser Market: Size, Trends & Forecasts (2016-2020) provides an in-depth analysis of the global industrial laser market by value, market share by region as well as by players and division of market by product and by process.
The report provides a detailed description of industrial laser market divided on the basis of product and process. Market value of fibre lasers, CO2 lasers and solid-state lasers have provided with estimated value of these markets in 2016. Furthermore, a division of the market on process: macroprocessing, microprocessing and engraving/marking have also been provided in the report.
The global industrial laser market has increased rapidly over the past few years and projections are made that the market would rise in the forecasted period i.e. 2016-2020 tremendously. The market is expected to grow on the back of increasing application of industrial laser in number of major industries like automobile, medical, research and growth of emerging economies. Yet the market faces some challenges which are major hindrances in its growth. These challenges are high initial cost of installation, several environment & health related issues associated with it and limited number of suppliers in the market.
Regional analysis of Asia-Pacific, North America and China industrial laser market is also provided in the report covering market size for the forecasted period. The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global industrial laser market has also been forecasted for the period 2016-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The competition in the global industrial laser market is dominated by major players like Trumpf Group, Coherent Inc., IPG Photonics and Han's Laser Technology. A brief company profiling of these major players has been provided in the report on the basis of attributes like business overview, financial overview and business strategies adopted by these companies in order to grow in the market.
Market Dynamics
Growth Drivers
- Strong Growth of Fibre Laser
- Growing Automobile Industry
- Inclining 3D Printing Market
- Increasing Use in Medical Devices
- Rising Demand in Oil & Gas Industry
Challenges
- High Initial Cost
- Increasing Environmental Concern and Health Issues
- High Dependency on Limited Key Suppliers
Market Trends
- Increasing Use in Defense
- Growing Adoption in Scientific Research
- Rising Use of Ultra Short Pulse Laser
Company Coverage
- Trumpf Group
- Coherent Inc.
- IPG Photonics
-
Han's Laser Technology
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Country/Regional Analysis
5. Market Dynamics
6. Competitive Landscape
7. Company Profiling
For more information visit http://www.researchandmarkets.com/research/kbbltb/global_industrial
