- FMA
- The Fabricator
- FABTECH
- Canadian Metalworking
Categories
- Additive Manufacturing
- Aluminum Welding
- Arc Welding
- Assembly and Joining
- Automation and Robotics
- Bending and Forming
- Consumables
- Cutting and Weld Prep
- Electric Vehicles
- En Español
- Finishing
- Hydroforming
- Laser Cutting
- Laser Welding
- Machining
- Manufacturing Software
- Materials Handling
- Metals/Materials
- Oxyfuel Cutting
- Plasma Cutting
- Power Tools
- Punching and Other Holemaking
- Roll Forming
- Safety
- Sawing
- Shearing
- Shop Management
- Testing and Measuring
- Tube and Pipe Fabrication
- Tube and Pipe Production
- Waterjet Cutting
Industry Directory
Webcasts
Podcasts
FAB 40
Advertise
Subscribe
Account Login
Search
2012 industrial laser systems market trends sideways
- March 28, 2013
- News Release
- Laser Cutting
The global market for laser systems for materials processing accounted for $10.2 billion in 2012, up by a marginal 1 percent versus the previous year, according to Optech Consulting, Taegerwilen, Switzerland.
Market growth varied strongly by geographic region. The North American market grew double-digit in the U.S. and Canada. The demand for standard laser machines, such as flat sheet metal cutters, increased by more than 25 percent, and sales were substantially above the prerecession peak levels reached in 2007 and 2008.
With a consumption share of only about 15 percent in the global market, however, the impact of market growth in North America on the global figures is limited. Korea was the growth locomotive in the Asian laser systems market, with an increase exceeding 30 percent, while China reported moderate growth and Japan a sideways trend.
The European market trended sideways in local currency, which translates into an 8 percent decrease measured in U.S. dollars because of the depreciation of the euro. As Europe accounts for more than 30 percent of the global laser materials processing systems consumption, the 8 percent decrease of the market weighed heavily on the global market trend. Within Europe the market trend showed a huge bandwidth, with healthy double-digit growth rates in the U.K. and major Eastern European economies, while the demand level shrank further versus an already very weak 2011 base in the recession-beaten Southern European countries.
In the beginning of 2012 economic expectations in Europe were depressed by the public debt crisis. As Europe is China's major trade partner, Europe's ailing economy also slowed down the Chinese export engine. Together, the two regions account for nearly 50 percent of the global consumption of laser materials processing systems. During the year economic expectations improved before decreasing again toward the end of the year, also pulling the laser market up and down.
Globally, growth segments in laser materials processing comprise applications in consumer electronics and automotive manufacturing.
subscribe now
The Welder, formerly known as Practical Welding Today, is a showcase of the real people who make the products we use and work with every day. This magazine has served the welding community in North America well for more than 20 years.
start your free subscription- Stay connected from anywhere
Easily access valuable industry resources now with full access to the digital edition of The Fabricator.
Easily access valuable industry resources now with full access to the digital edition of The Welder.
Easily access valuable industry resources now with full access to the digital edition of The Tube and Pipe Journal.
Easily access valuable industry resources now with full access to the digital edition of The Fabricator en Español.
- Podcasting
- Podcast:
- The Fabricator Podcast
- Published:
- 04/16/2024
- Running Time:
- 63:29
In this episode of The Fabricator Podcast, Caleb Chamberlain, co-founder and CEO of OSH Cut, discusses his company’s...
- Industry Events
16th Annual Safety Conference
- April 30 - May 1, 2024
- Elgin,
Pipe and Tube Conference
- May 21 - 22, 2024
- Omaha, NE
World-Class Roll Forming Workshop
- June 5 - 6, 2024
- Louisville, KY
Advanced Laser Application Workshop
- June 25 - 27, 2024
- Novi, MI