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News Release from: Frost and Sullivan
Edited by the Manufacturingtalk Editorial
Team on 13 July 2007
Europe's laser cutting market grows
steadily
Users of CNC laser cutting and profiling machines are seeking more automation - a trend which has lead to demands for more laser system reliability and flexibility, said a recent report.
The European laser cutting equipment market is has low but steady growth Much of the demand is for more reliable and flexible laser cutting systems that can be adapted to automation
This article was originally published on Manufacturingtalk on 28 Apr 2004 at 8.00am (UK)
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The reason is to solve quality and production problems.
That is why users want to use more automation in order to offer high quality products.
An analysis from Frost and Sullivan - 'European Laser Cutting Equipment Market' - reveals that this market earned US$344.8 million in 2006.
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The report estimates the market will reach US$577.6 million by 2013.
"A growing number of end users are concentrating on enhancing the quality of their output and are starting to realise the value of using technically advanced equipment to carry this out," said Frost and Sullivan Research Analyst Karthik Parthasarathy.
"Consumer demand for quality leads to growth in demand for equally sophisticated equipment to meet these requirements".
Equipment manufacturers are offering more flexible and adaptable cutting systems instead of 'stand-alone' single CNC laser cutting machines.
Although systems cost more, they are getting customers who realise that higher efficiency could lead to significant savings.
The enormous manufacturing potential in Eastern Europe is maybe the biggest market driver.
This region is experiencing an increase in foreign manufacturing investment and is combined with government funding.
Attracted by the many subsidies on offer, more manufacturers are investing in Eastern Europe.
The trend is promoting investment in more advanced manufacturing systems such as CNC laser cutting systems and cells.
There are several factors currently holding back investment, these include the following.
* Perceived high prices.
* Lack of awareness about the compelling advantages of using alternative technology.
* Concerns about product design and its ability to meet the varied needs of different end-user applications.
* Manufacturers have to educate end users on the new technical developments taking place to promote the long-term potential of these systems.
"Many large multinational companies have started imparting product knowledge to end users through demonstrations, seminars and in-house product launch events," said Parthasarathy.
"Companies are also taking steps to maintain end-user interest in laser cutting with improvements in product design and wider applications".
'European Laser Cutting Equipment Market', part of the Industrial Automation and Process Control Growth Partnership Service programme, provides a comprehensive analysis of this market.
It includes the following.
* Major drivers.
* Restraints and trends.
* Market share.
* Revenues.
* Competitive structure.
The analysis also examines the key trends prevailing in the various geographic regions and discusses the growth potential of each of them.
* About Frost and Sullivan - Frost and Sullivan is a global growth consulting company and has been partnering with clients to support the development of innovative strategies for more than 40 years.
The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities.
Frost and Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies and the investment community by providing comprehensive industry coverage that reflects a novel global perspective, and combines ongoing analysis of markets, technologies, econometrics and demographics.
* 'European Laser Cutting Equipment Market' - reference M0C2-10.
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