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Global Fiber Laser Market 2020-2024 - CAGR of 11% Expected During the Forecast Period - ResearchAndMarkets.com

February 4, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Feb 4, 2020--

The “Global Fiber Laser Market 2020-2024” report has been added to ResearchAndMarkets.com’s offering.

The author has been monitoring the global fiber laser market and it is poised to grow by $ 8.33 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period.

This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by Demand for enhanced productivity. In addition, growing use of fiber lasers in thin-sheet and micro-cutting applications is anticipated to boost the growth of the fiber laser market as well.

This study identifies growing use of fiber lasers in thin-sheet and micro-cutting applications as the prime reasons driving the fiber laser market growth during the next few years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The following companies as the key players in the fiber laser market: ABB Ltd., Amonics Ltd., Coherent Inc., FANUC Corp., IPG Photonics Corp., Jenoptik AG, MKS Instruments Inc., NKT Photonics AS, OMRON Corp. and TRUMPF GmbH + Co. KG.

Commenting on the report, an analyst from the research team said: The latest trend gaining momentum in the market is growing use of fiber lasers in thin-sheet and micro-cutting applications

According to the report, one of the major drivers for this market is the Demand for enhanced productivity.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

For more information about this report visit https://www.researchandmarkets.com/r/r4kd6u

View source version on businesswire.com:https://www.businesswire.com/news/home/20200204005543/en/

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SOURCE: Research and Markets

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PUB: 02/04/2020 07:10 AM/DISC: 02/04/2020 07:10 AM

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