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Global Laser Cutting Machine Market Analysis with COVID-19 Recovery Plan and Strategies for the Industrials Sector | TechnavioThe laser cutting machine market research report examines the key questions around the implications of COVID-19 and provides a recovery analysis and outlook for the market in focus. The market has witnessed a neutral impact due to the COVID-19 pandemic. The research analysts at Technavio expect the laser cutting machine market to recover and grow by USD 1.02 billion during the forecast period, accelerating at a CAGR of almost 4%. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200928005505/en/ Technavio has announced its latest market research report titled Global Laser Cutting Machine Market 2020-2024 (Graphic: Business Wire) For the Complete Insights on COVID-19 Pandemic Crisis and Recovery Analysis of the Laser Cutting Machine Market Download free report sample Laser Cutting Machine Market Segmentation Analysis by Product
The fiber segment will account for the highest laser cutting machine market share. The growth is attributed to factors such as technological advances, growing industrial applications, and eco-friendly nature of fiber lasers. This report provides an accurate prediction of the contribution of all the segments to the growth of the laser cutting machine market size. Laser Cutting Machine Market Regional Analysis
Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Laser Cutting Machine Market: Key Market Drivers Laser cutting machine market is expected to be driven by the growing focus on automation. Vendors have been initiating various steps to produce automated cutting machines to meet the market demand for optimized flexibility and personalization in terms of product design and proportions in the cutting process. Thus, individual standalone laser cutting machines can now be integrated into the production flow using automated software, which allows large industrial plants to shift toward unmanned production processes partially. Thus, the growing focus on automation will fuel the demand for automated laser cutting machines during the forecast period. Rising Digitalization in Manufacturing Processes will be a Key Market Trend Rising digitalization is helping the laser cutting industry to become more competitive on a global level. Digitalization offers several benefits, which include real-time connectivity with the user, enhanced flexibility, reduction of wastage during the manufacturing operation, increased ROI, and reduced time-to-market as well as inventories. With technological innovations such as IoT, blockchain, AI, and others, gaining prominence, digitalization is expected to be a key trend in the manufacturing landscape, which will fuel the growth of the laser cutting machine market during the forecast period. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Laser Cutting Machine Market 2020-2024 : Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200928005505/en/ |