MarketWatch recently reported on the findings of ReportBuyer's Global and China Laser Processing Equipment Industry Report, 2014-2018.
The global laser market enjoyed a boost in 2014, when laser systems sales saw a year-on-year growth rate of 6% to reach US$9.2 billion. According to the report, over the coming years market growth will be fuelled by emerging application markets such as 3D printing and sapphire cutting; however, scientific research, military and optical storage markets will remain fragile.
China will continue to expand its installation of laser processing equipment. By the end of last year, the global processing and manufacturing centre owned approximately 20,000 units of laser cutting equipment, of which more than 3,000 were high-powered—meaning they could be used in the fields of aerospace, automobiles and shipping.
The three main product categories in relation to laser processing equipment in China are laser marking machines, laser cutting machines and laser welding machines. But as new technologies and applications emerge—from 3D printing to laser scribing—there will be exponential growth.
It was also found that four regional laser industry bases have unfolded in China: Central China, Bohai Rim, Pearl River Delta and Yangtze River Delta. These four bases produced a total output of RMB 31.5 billion in 2014, accounting for 94% of the whole industry's output amount for the year.
China's biggest laser equipment manufacturer, Han's Laser, reported revenues of RMB 5.566 billion last year, up more than a quarter (28.41%) from a year ago and reflecting a higher than average growth rate compared to the wider industry.
The full report can be downloaded from the Report Buyer website.