Fiber Laser Market Size Worth US$ 5,179.1 Million by 2027- Future Market Insights - Seite 2

• On the basis of laser type, CW (continuous wave) type fiber laser is expected to hold a substantial share of the global fiber laser market. This is can be attributed to the fact that CW fiber laser emits one constant beam, which facilitates its application in metalworking. CW (continuous wave) fiber laser is designed to work with reflective metals
• High power fiber laser, ranging from more than 2,000 W, is expected to observe 8.3% growth in the coming years. Supply of fiber laser to the end-use industries in Asia, and specifically in China, hastened a price war that boosted fiber laser sales volumes and reduced supplier profit margins

China is estimated to account for nearly 34.4% of the global fiber laser market in 2018. Furthermore, being at the forefront of the fiber laser market, China has launched various strategies in an attempt to boost manufacturing activities in the country; subsequently, benefiting the manufacturers of fiber laser. However, the global fiber laser market is expected to face certain challenges. Political uncertainty in Europe and the Middle East & Africa is expected to slow down the consumption of fiber lasers. Moreover, the lower rate of installation and lack of consumer awareness about fiber laser are the other important factors that will impede the growth of the fiber laser market.

Preview Analysis On Fiber Laser Market: Elevating Frequency of Conventional Laser Replacements in Material Processing Applications to Support Growth: Global Industry Analysis 2013 - 2018 and Opportunity Assessment, 2019 - 2027: https://www.futuremarketinsights.com/reports/fiber-laser-market

Additionally, the fiber laser market has been experiencing a decline in average selling prices, which has been eroding gross margins and harming the operating results of players. The introduction of new products and technologies, intensifying competition and price pressures from customers are among the other challenges faced by manufacturers.

IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Maxphotonics Co., Ltd., Coherent Inc., Newport Corporation, Wuhan Raycus Fiber Laser Technologies Co., Ltd., Lumentum Operations LLC, Fanuc Corporation, Furukawa Electric Co., Ltd., Keopsys S.A., Fujikura Ltd., and nLIGHT, Inc. are some of the key players involved in the global fiber laser market.

Long-Term Outlook: In terms of market value, the global fiber laser market is anticipated to expand at a 10.0% CAGR and create significant opportunities for value chain participants during the forecast period. Further, the India fiber laser market is set to observe a robust growth rate due to rapid industrialization in the country, which in turn will trigger the demand for specialized industrial lasers such as fiber lasers.