Laser Cutting Machines (LCM) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.
A new Transparency Market Research report states that the market for laser cutting machines will expand at a CAGR of 10.3% from 2014 to 2020. In 2013, the market stood at US$2.16 billion and is predicted to reach US$4.37 billion in 2020. The title of the report is “Laser Cutting Machines Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.” Laser cutting machines utilize laser beams for cutting materials, namely plastic, fabric, wood, acrylic, and several other materials which are non-metallic. The laser cutting machines are primarily utilized for improving the efficiency of work and for reduction of costs. The global LCM market is majorly stimulated by the expansion in vehicle production and increase in demand for aesthetics worldwide. The demand in appliances with high technology, namely personal computers and home entertainment systems is on the rise and laser cutting machines are utilized in the manufacturing and designing of these appliances. Additionally, the fast cutting speed as well as the enhanced quality of cutting are also among the major factors fuelling the growth of the market for LCM.
Laser Cutting Machines – Technology
Here at Stephens Gaskets we provide many different products, from washers to shims to gaskets, and one of the things we’re most proud to offer is that of laser cutting. We can provide prototypes, samples and components for a wide range of different productions, whether you require them in small batches or volume runs. But what is laser cutting? How does it work? And why should you trust Stephens Gaskets Limited with your laser cutting needs?
read our previous blog on the Manufacture of Gaskets here.