Fiber laser cutting machines, as the core equipment for modern manufacturing are increasing their global penetration. The international market is continuing to grow in demand for high precision and high efficiency laser cutting equipment. This article will help investors and companies understand the international market trends by analyzing the global competitive environment, regional market characteristics and technological trends of fiber laser cutters in 2025.
1. Global Market Size, Growth Rate and Trend
Market Size
- In 2024, the global market for fiber laser cutting machines is estimated to be worth US$2.206billion. This is expected to increase to US$3.076billion in 2031 with a compounded annual growth rate of 4.9%.
- The Asia-Pacific region, which includes China, Japan and South Korea, accounts for 40%, followed by Europe (24%), and North America (23%)
Growth Drivers
- Demand for industrial automation: In industries like automobiles and aerospace, the demand for precision processing equipment has soared.
- The new energy industry is expanding: manufacturing of photovoltaic modules and power batteries drives the purchase of high-power equipment.
- The domestic substitution of Chinese brands is increasing: Han’s Laser, HGTECH and other Chinese brands have increased their market share globally.
2. The International Competition Pattern: European Dominance and American Rise vs. China’s Rise
Global Leading Enterprises
| Region | Key Players | Characteristics |
|---|---|---|
| European and American brands | Trumpf (Germany) | Global market share is about 12%. They dominate the market for high-power products (>=20kW). |
| Amada (Japan) | A leader in precision machining widely used in automotive industry. | |
| Bystronic (Switzerland) | Strong automation integration solutions and outstanding performance on the European market. | |
| Chinese brands | Dazs Laser | Rapidly growing company in the new energy battery cutting field, ranking in the top 5 worldwide. |
| HGTECH | 3D 5-axis laser cutter is among the world’s top three, with an increase of over 100% on the European market. | |
| Bond Laser | Exports to overseas markets are strong, and production capacity will double once the global headquarters is in production by 2025. |
Market Concentration
- Market share of 48% is held by the top five companies (Amada Trumpf Dazs Laser Mazak Pentium Laser Dazs Laser Mazak)
- Chinese manufacturers’ market share increased. In 2024, domestic fiber lasers are expected to reach 86.2% of the global market, replacing imported products.
3. Regional Market Analysis
Asia-Pacific (China Southeast Asia India)
- China is the largest producer in the world, with Shandong and Guangdong as the two main industrial belts. Exports account for 60% of all world trade.
- Southeast Asia: Thailand’s and Vietnam’s manufacturing industry is growing, and the demand for midrange equipment is strong (HGTECH sells over 10 million units of equipment per year).
- India: There are policies that promote “Made in India” and laser cutting machines still rely heavily on imports. Chinese brands can take advantage of this.
Europe (Germany, Italy, Eastern Europe)
- Germany: Although the threshold for high-end markets is high, Chinese brands, such as HGTECH, have achieved breakthroughs by localizing services and will see sales double in 2024.
- Eastern Europe: China’s cost effective equipment (such Pentium laser) has increased in its share.
North America (United States, Canada)
- United States: strong demand for automotives and aerospace but China’s exports of equipment are affected by tariff policies.
- Canada: Small- and medium-sized businesses tend to lease models in order to reduce the initial investment costs.
Emerging Markets (Latin America Middle East and Africa)
- Brazil: Medical and Automotive industries are driving demand (e.g. Oxitek purchases Huagong machinery for artificial bone processing.
- Middle East: Increased infrastructure investment and increased demand for large-format Laser Cutting Machines (annual increase of 7.5%).
4. Changes in the Market and Technological Trends
High Power
- Equipment with 30kW+ has become standard, and can be used to cut up to 100mm of carbon steel. This equipment is ideal for energy equipment and ships.
- Jinweike’s 150kW laser cutter solves the problem of processing 400mm thick plates.
Intelligence, Automation and Robotics
- AI process optimization can reduce scrap by up to 15%. Huagong Technology equipment is capable of real-time parameter adjustments.
- The German market has seen a wide-spread use of the digital twin plus remote operation and maintenance. It has a high accuracy in fault prediction, which exceeds 90%.
Green Manufacturing
- The EU Carbon Tariff Policy encourages the purchase of environmentally-friendly equipment with low energy consumption (energy consumption is reduced by 30%).
5. Future Challenges and Opportunities
Challenges
- Trade barriers: the new US tariff policy impacts China’s exports of equipment.
- High-power laser chips are still dependent on European, American and Japanese suppliers.
Opportunities
- Emerging application scenarios:
- In 2025, the laser welding market (power batteries and consumer electronics) is expected to reach 12 billion yuan.
- Laser cleaning: replacing chemical processes, European environmental regulations drive demand.
- The “Belt and Road market”: Infrastructure projects in the Middle East and Africa offer equipment procurement opportunities.
6. Conclusion and Suggestions
Corporate Strategy:
- Chinese manufacturers: Strengthen European localization services, such as HGTECH Germany’s team.
- Brands from abroad: Develop modular equipment that meets the production requirements of small and mid-sized businesses.
Investor Focus:
- High-power lasers (IPG, Raycus)
- Automation integrators
Impact of Policy:
- Attention to the effects of US tariff adjustments, and the EU Carbon Border Tax (CBAM), on the supply chain.
Source: QYResearch; HGTECH annual reports, Jinan laser industry reports, etc.
