The global industrial laser market is estimated to reach US$7.97
billion in 2024, growing at a CAGR of 12.8% for the period spanning from
2020 to 2024.Get more news about
Industrial Laser Marker,you can vist our website!
The
factors such as upsurge in industrialization and economic growth,
growing urban population, rise in industrial revolution, rise in
adoption of fiber laser technology and flexibility and time-efficiency
properties of laser systems are expected to drive the market.However,
growth of the industry will be challenged by challenges related to
regulatory compliance. A few notable trends include increasing number of
M&A, increasing use of collaborative robots and growing investment
in manufacturing plants.
The global industrial laser market is
expected to grow in future due to material processing equipment
upgradation in manufacturing activities.
In terms of geographical
areas, China is a major contributor to the global industrial laser
market supported by increase in demand of fiber lasers in the
electronics and automotive industry.The dynamic nature of business
environment in the current global economy is raising the need amongst
business professionals to update themselves with current situations in
the market. To cater such needs, Shibuya Data Count provides market
research reports to various business professionals across different
industry verticals, such as healthcare & pharmaceutical, IT &
telecom, chemicals and advanced materials, consumer goods & food,
energy & power, manufacturing & construction, industrial
automation & equipment and agriculture & allied activities
amongst others.
