Laser Cutting Equipment Market to Gain High Demand from Automotive, Metal Fabrication and Offshore Applications 2017-2022

Global Laser Cutting Equipment Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. The factors that propel the growth of the Laser Cutting Equipment Market include increasing demand, rapid urbanization & industrialization, technological developments and wide range of applications. Laser Cutting Equipment Market is classified on the basis of product type, equipment type, application, distribution channel and geography.
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Laser Cutting Equipment Market is classified on the basis of product type as Carbon Arc Laser Cutting Equipment, Laser Cutting Equipment, Plasma Laser Cutting Equipment, Oxy-Fuel Laser Cutting Equipment, Waterjet Laser Cutting Equipment, and others. Among product type, Plasma Laser Cutting Equipment accounted for a major share of the Laser Cutting Equipment Market in 2016. Laser Cutting Equipment Market is segmented by equipment type as manual equipment, mechanized equipment, and others. Laser Cutting Equipment Market is classified based on application as automotive, construction, metal fabrication, ship & offshore, and others.

Laser Cutting Equipment Market is segmented on the basis of distribution channel as online stores, specialty stores, and others. Laser Cutting Equipment Market is classified by geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa. By geography, Asia Pacific accounted for a major share of the Laser Cutting Equipment Market in 2016.
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Some of the key players that fuel the growth of the Laser Cutting Equipment Market include Amada Miyachi America Inc., Daihen Corporation, Colfax Corporation, GCE Holding AB, Hypertherm Inc., Koike Aronson Inc., Genetec (Shanghai) Corporation, Illinois Tool Works, Lincoln Electric, Technical Arc Ltd., and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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