A $5 Billion Market for Laser Cutting Equipment Will Develop by 2022 in China

Source: Modern Laser Industry

Laser refers to the collimated, monochromatic and coherent directional beam generated by narrow amplitude frequency optical radiation through stimulated feedback resonance and radiation amplification. As a new light source, laser has been widely used in many fields such as industry, information, medicine, commerce, scientific research, military and so on because of its good directivity, good monochromatic, good coherence and high energy density.

Laser processing can be divided into laser cutting, laser welding, laser cladding, laser cleaning and laser marking according to the effect of laser beam on materials. Laser processing technology, with its advantages of high precision, high speed and good processing effect, is gradually replacing the traditional processing technology, and has become one of the high-tech technologies vigorously supported and promoted by the Chinese government. Under the background of global economic recovery, significant increase in manufacturing investment and acceleration of intelligent manufacturing, the depth and scope of downstream application of laser processing technology will be further expanded.

Vast prospect of the market of China’s laser equipment

According to The Report on the Development of China's Laser Industry in 2021, the market of China's laser processing equipment industry reached 69.2 billion RMB in 2020, and it is expected that it will reach 93 billion yuan in 2022. With the continuous recovery of economy after the COVID-19 epidemic, the further promotion of the transformation and upgrading of the traditional manufacturing industry and the continuous development and maturity of the laser technology, the demand for laser processing equipment in various industries will continue to grow, and the laser processing equipment market will usher in a long period of development opportunities.

Steady increase in the market of laser cutting equipment

According to The Report on the Development of China's Laser Industry in 2021, laser cutting equipment is the largest application of laser processing technology, with a market of 26.27 billion yuan, accounting for 38%. It is estimated that the market of China’s laser processing equipment industry will reach 93 billion yuan in 2022, of which the market of laser cutting equipment industry is expected to reach 31.13 billion yuan.

Industrial processing accounts for the most part in laser cutting applications

In China, laser cutting equipment is widely used in terminal industries, mainly in industrial material processing and communication storage industries, followed by medical beauty, scientific research and military fields. According to The Report on the Development of China's Laser Industry in 2021, the application fields of laser cutting are mainly industrial processing and communication storage, accounting for 45% and 28% of the market shares respectively

Chinese laser cutting equipment manufacturers gradually lead the global market

Nowadays, with the rapid development of the Chinese market, many Chinese laser equipment manufacturers are rising in the global market, and the global laser cutting equipment market competition is also extremely fierce. In July this year, according to the authoritative certification of Shenzhen Forward Industry Research Institute, from 2019 to 2021, Bodor laser, headquartered in Jinan, Shandong Province, achieved the first sales volume of 1000W and above laser cutting machine equipment in the world for three consecutive years. Through continuous independent R&D and innovation, Bodor laser has successively released the world's first 40000 w laser cutting machine and the industry's revolutionary laser scanning cutting machine. At present, there are more than 1500 users of Bodor 10kW+ ultra-high power equipment in the world. More and more metal processing enterprises are beginning to favor the benefits brought by ultra-high power. Many international laser cutting equipment suppliers have successively launched 10kW+ ultra-high power products. In the future laser cutting market, metal manufacturers are still concerned about higher laser processing efficiency and more reliable technical services. With laser scanning technology that can greatly improve cutting ability and service centers around the world, Bodor laser will further lead the global market.