How big is the market of laser cutting machine industry? China's laser cutting machine industry has a good development prospect. The continuous expansion of the market scale and the continuous strong demand of the downstream market will continue to drive the increase of industry output and capacity.
 

Laser cutting equipment is a device that focuses the laser emitted from the laser into a concentrated beam with high power density through the optical path system. It replaces the traditional mechanical knife with an invisible beam. It has the characteristics of high accuracy, fast cutting, not limited to dry cutting patterns, automatic typesetting, saving materials, smooth cutting, and low processing costs.

Development trend of 2023 laser cutting machine industry

With the development of laser technology, its application space is expanded in a spurt manner, and the production market of laser research and development and laser processing equipment is also booming. With the improvement of the core technology and the expansion of the competitive market, the overall cost of laser processing equipment is becoming more and more popular. In addition, the production efficiency, processing accuracy, and intelligent degree are significantly better than traditional CNC punch and plasma processing equipment, Laser processing equipment is increasingly popular with processing enterprises in various industries.

In recent years, laser cutting technology is developing at an unprecedented speed, with an annual growth rate of 15% - 20%. Since 1985, China has been growing at an annual rate of nearly 25%. At present, there is still a big gap between the overall level of laser cutting technology in China and that of advanced countries. Therefore, laser cutting technology has broad prospects for development and huge application space in the domestic market.

According to the data, the sales of laser cutting machines in China increased from 4700 to 55000, with a compound annual growth rate of 51%. This growth rate continues to rise.

According to the data disclosed in the 2022 China Laser Industry Development Report, the sales revenue of China's laser equipment market in 2021 will be 82.1 billion yuan, an increase of 18.64% over the previous year, and the domestic substitution will accelerate. At the same time, based on the impact of the epidemic in Shanghai, Suzhou, Shenzhen and other important cities of China's laser industry, the growth rate will be reduced. It is predicted that the sales revenue of China's laser equipment market in 2022 will be 87.6 billion to 90 billion yuan.

CNC laser cutting machine has been successfully applied in the sheet metal processing fields of China's automobile, elevator manufacturing, packaging machinery, textile machinery, electrical switch cabinet, aerospace and other industrial sectors, but it is rarely used in shipbuilding, engineering machinery and other industries with a large amount of medium and thick plate cutting. In contrast, the gap between China and advanced industrial countries is even greater in this regard.

At the same time, this current situation also indicates from another side that the performance is excellent, the price is competitive, and it can be competent for the high power of medium and thick plate cutting. The market potential of large CNC laser cutting machine in China in the future is extremely huge.

Laser processing equipment belongs to high-end manufacturing industry. The development momentum in recent years is indeed rapid. The equipment manufacturing industry is known as the "industrial mother machine", which is at the high end of the value chain and the core link of the industrial chain. The laser cutting machine industry not only provides technical equipment for the development of various sectors of the national economy, but also plays an important role in the economic chain. To grasp the laser is to grasp the core and future direction of the development of intelligent equipment industry.

Downstream market analysis

1. Automobile field

In 2021, under the combination of favorable factors such as the national policy of halving the purchase tax and the local government's policy of promoting automobile consumption, China's automobile market will gradually warm up and the production and sales volume will resume growth.

According to the data, in 2021, China's automobile production and sales will reach 26.082 million and 26.275 million respectively, with a year-on-year increase of 3.4% and 3.8% respectively; From January to October 2022, the production and sales of automobiles were 22.242 million and 21.975 million respectively, up 7.9% and 4.6% year on year.

2. Aerospace

In 2017-2021, with the continuous acceleration of the development of domestic aviation related products, the number of civil aviation transport aircraft in China increased year by year. According to the data, at the end of 2021, the number of registered civil aviation transport aircraft in China at the end of the year was 4054, up 3.87% year on year.

3. Light industry

Light industry mainly refers to the industry that produces the means of consumption, light industry with agricultural products as raw materials and light industry with non-agricultural products as raw materials. According to the data of the National Bureau of Statistics, in 2021, the output of feed in the light industry segment of China will reach 316966000 tons, the output of soft drinks will reach 1833.38 million tons, and the output of machine-made paper and paperboard will reach 135.839 million tons.

According to the development track of the laser cutting machine industry and many years of practical experience, analyzing the internal and external environment, industry development status, industry chain development status, market supply and demand, and competition pattern of the Chinese industry, grasping the development trend of the laser cutting machine industry, and focusing on analyzing the opportunities and challenges that the industry will face, and understanding the latest development trends of the industry,  are necessary for academic and scientific research institutions to predict the future of the laser cutting machine industry.

About HGTECH: HGTECH is the pioneer and leader of laser industrial application in China, and the authoritative provider of global laser processing solutions. We have comprehensively arranged laser intelligent machine, measurement and automation production lines, and smart factory construction to provide overall solutions for intelligent manufacturing.