Frost & Sullivan - laser cutting market
Frost & Sullivan – laser cutting market
With the laser cutting market experiencing low growth, manufacturers are adopting new strategies in order to increase their market share. New technologies such as fibre lasers are providing ever-increasing competition to traditional laser-cutting processes. Automation is driving the market forward,stimulating demand for total system solutions. As Western Europe has reached a stage of maturity at the macro end of the segment, manufacturers are looking further afield to Eastern Europe, in order to enhance their growth prospects.
Highlights of the study include: an analysis of the European laser cutting market, factors driving and restraining growth, the challenges faced by manufacturers, the impact of new technologies and the future prospects for this market. Read free strategic insights at www.industrialautomation.frost.com
This briefing is based upon ongoing European laser cutting analysis. The report provides an insight into the dynamics guiding this market, and includes market challenges, drivers, restraints and avenues of opportunity for growth. The purpose of this research is to gain a deeper understanding of the laser cutting industry and its market revenue value.
“The European laser cutting market is showing a positive trend and is poised to achieve growth of 7.5 per cent. These encouraging signs are characteristic of strong demand from end-users and increased technological innovation by manufacturers. Consumer demand for high-quality products is serving to drive the laser cutting market on an upward trend,” says Karthik Parthasarathy, Research Associate for Frost & Sullivan's Industrial Automation and Electronics Group.
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