Europe Fiber Laser Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, and Visible Fiber Laser) and Application (High Power Cutting and Welding, Marking, Fine Processing, and Micro Processing)
Market Introduction
The increasing adoption of advanced technology across the European region is not only influencing different industries to maximize their capabilities but also experiencing high adoption of easily automated and energy efficient fiber laser solutions across the manufacturing sector of the region. This is helping the industry to enhance its productivity and increase profitability by availing better quality goods in quickest time. Further, European countries are characterized by the presence of several major manufacturing industries such as aerospace, machinery and equipment, automotive, shipbuilding, and military vehicles. Automotive is considered to be a crucial industry as it contributes significantly to GDPs of different countries and provides employment to huge number of qualified candidates in the region. European countries are the leading producers of motor vehicles, and several premium automotive manufacturers are based in these countries. Moreover, more than 300 vehicle assembly and manufacturing facilities are located in 26 European countries. The European auto industry successfully delivers made in Europe products across the globe, generating EUR 90.3 billion trade surplus. The automotive sector of the EU is considered to be a crucial industry as it significantly contributes to the regions GDP, as well as employs millions of people in the region. Thus, the presence of robust manufacturing plants is increasing the application of fiber laser cutting solutions and simultaneously boosting the market growth in the European region.
In case of COVID-19, Europe is among the worst-hit regions by the pandemic specially Russia. The region represents one of the largest automotive market across the globe. However, the COVID-19 pandemic has slowed down the production of automobiles which has negatively impacted the growth of the fiber laser market in the region. During the pandemic, Germany, Italy, France, the UK, and Ireland have witnessed a huge revenue decline from their manufacturing industries. Also, the COVID-19 has adversely impacted the airline services, which has caused a sudden drop in the aircraft manufacturing due to non-operating of passenger airline services across the world. Moreover, Due to partial cargo transport operations, it has caused disruptions in the supply of raw materials, owing to the limitations in cross-border movements over the first quarter of 2020, thereby triggering supply delays and massive fallouts in production. Hence, the COVID-19 pandemic has had a negative impact on the region’s manufacturing sector, which has also adversely impacted to the fiber laser market in Europe.
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Market Overview and Dynamics
The Europe fiber laser market is expected to grow from US$ 629.14 million in 2021 to US$ 1,268.89 million by 2028; it is estimated to grow at a CAGR of 10.5% from 2021 to 2028. With the growing end-use industries across the region, there is a continuous need of fiber lasers in industries to accomplish high level of product quality, which is boosting the demand for fiber lasers. Fiber lasers are being employed in several industries such as manufacturing, aerospace, automotive, and semiconductor & electronics for applications such as marking, engraving, printing, welding, and cutting. For example, ultraviolet (UV) fiber lasers are used for marking on white plastics and cabling in electronics and aerospace industries. Further, the UV fiber lasers are increasingly adopted for precise cutting and marking of brittle materials, owing to ease of integration, high performance, and precise tuning. Owing to the growing need for optimization of resources, manufacturers are exploring various options to streamline their manufacturing and distribution operations. Manufacturers are getting inclined toward the adoption of automation solutions for the optimization of business resources. Industrial automation uses various robots and advanced information technologies to carry out various manufacturing and distribution processes. High productivity, high output quality, flexibility, information accuracy, and safety are among the major advantages of industrial automation. The rise of industrial automation, coupled with the advent of new technologies such as computer numerical control (CNC), computer-aided manufacturing (CAM), and fiber laser technology, is subsequently fueling the adoption of fiber lasers in multiple industries. Thus, surge in demand for fiber lasers in different industries and emergence of industrial automation are likely to encourage the future growth of the Europe fiber laser market.
Key Market Segments
In terms of type, the infrared fiber laser segment accounted for the largest share of Europe fiber laser market in 2020. In terms of application, the high power cutting and welding segment held a larger market share of the Europe fiber laser market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on Europe fiber laser market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Active Fiber Systems GmbH; Coherent, Inc.; Convergent Photonics; Fujikura Ltd.; IPG Photonics Corporation; Jenoptik AG; Maxphotonics Co,.Ltd; nLIGHT, Inc.; TRUMPF GmbH + Co. KG; and Wuhan Raycus Fiber Laser Technologies Co., Ltd.
Reasons to buy report
- To understand the Europe fiber laser market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe fiber laser market
- Efficiently plan M&A and partnership deals in Europe fiber laser market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe fiber laser market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Fiber Laser Market Segmentation
Europe Fiber Laser Market - By Type
- Infrared Fiber Laser
- Ultraviolet Fiber Laser
- Ultrafast Fiber Laser
- Visible Fiber Laser
Europe Fiber Laser Market - By Application
- High Power Cutting and Welding
- Marking
- Fine Processing
- Micro Processing
Europe Fiber Laser Market - By Country
- France
- Germany
- UK
- Italy
- Russia
- Rest of Europe
Europe Fiber Laser Market - Company Profiles
- Active Fiber Systems GmbH
- Coherent, Inc.
- Convergent Photonics
- Fujikura Ltd.
- IPG Photonics Corporation
- Jenoptik AG
- Maxphotonics Co,.Ltd
- nLIGHT, Inc.
- TRUMPF GmbH + Co. KG
- Wuhan Raycus Fiber Laser Technologies Co., Ltd.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Fiber Laser Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Fiber Laser Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Automotive Production
5.1.2 Growing 3D Printing Technology
5.2 Market Restraints
5.2.1 Reduction in Cutting Speed when Processing Thicker Materials
5.3 Market Opportunities
5.3.1 Escalating Demand for Fiber Lasers in Cutting Applications
5.4 Future Trends
5.4.1 Accelerating Demand in Various Industries and Emergence of Industrial Automation
5.5 Impact Analysis of Drivers and Restraints
6. Fiber Laser Market –Europe Analysis
6.1 Europe Fiber Laser Market Overview
6.2 Europe Fiber Laser Market Revenue Forecast and Analysis
7. Europe Fiber Laser Market Revenue and Forecast to 2028 – By Type
7.1 Overview
7.2 Europe Fiber Laser Market, by Type (2020 And 2028)
7.3 Ultrafast Fiber Laser
7.3.1 Overview
7.3.2 Ultrafast Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
7.4 Ultraviolet Fiber Laser
7.4.1 Overview
7.4.2 Ultraviolet Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
7.5 Infrared Fiber Laser
7.5.1 Overview
7.5.2 Infrared Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
7.6 Visible Fiber Laser
7.6.1 Overview
7.6.2 Visible Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Fiber Laser Market Analysis and Forecast to 2028 – By Application
8.1 Overview
8.2 Europe Fiber Laser Market, by Application (2020 And 2028)
8.3 High power cutting and welding
8.3.1 Overview
8.3.2 High Power Cutting and Welding: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
8.4 Fine Processing
8.4.1 Overview
8.4.2 Fine Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
8.5 Marking
8.5.1 Overview
8.5.2 Marking: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
8.6 Micro Processing
8.6.1 Overview
8.6.2 Micro Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Fiber Laser Market – Country Analysis
9.1 Overview
9.1.1 Europe: Fiber Laser Market, by Key Country
9.1.1.1 France: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 France: Fiber Laser Market, by Type
9.1.1.1.2 France: Fiber Laser Market, by Application
9.1.1.2 Germany: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Germany: Fiber Laser Market, by Type
9.1.1.2.2 Germany: Fiber Laser Market, by Application
9.1.1.3 Italy: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Fiber Laser Market, by Type
9.1.1.3.2 Italy: Fiber Laser Market, by Application
9.1.1.4 UK: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Fiber Laser Market, by Type
9.1.1.4.2 UK: Fiber Laser Market, by Application
9.1.1.5 Russia: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Fiber Laser Market, by Type
9.1.1.5.2 Russia: Fiber Laser Market, by Application
9.1.1.6 Rest of Europe: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Fiber Laser Market, by Type
9.1.1.6.2 Rest of Europe: Fiber Laser Market, by Application
10. Europe Fiber Laser Market - COVID-19 Impact Analysis
10.1 Europe
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Active Fiber Systems GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 IPG Photonics Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Fujikura Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Convergent Photonics
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Coherent, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Jenoptik AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Maxphotonics Co,.Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 nLIGHT, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 TRUMPF GmbH + Co. KG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Wuhan Raycus Fiber Laser Technologies Co., Ltd.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Fiber Laser Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Europe: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Fiber Laser Market Segmentation
Figure 2. Europe Fiber Laser Market Segmentation – By Country
Figure 3. Europe Fiber Laser Market Overview
Figure 4. Europe Fiber Laser Market, by Type
Figure 5. Europe Fiber Laser Market, by Application
Figure 6. Europe Fiber Laser Market, by Country
Figure 7. Europe PEST Analysis
Figure 8. Europe Fiber Laser Market- Ecosystem Analysis
Figure 9. Europe Fiber Laser Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Fiber Laser Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Fiber Laser Market, by Type (2020 and 2028)
Figure 12. Europe Ultrafast Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Ultraviolet Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Infrared Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Visible Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Fiber Laser Market, by Application (2020 and 2028)
Figure 17. Europe High Power Cutting and Welding: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Fine Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Marking: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Micro Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe: Fiber Laser Market, by Key Country – Revenue (2020) (USD Million)
Figure 22. Europe: Fiber Laser Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. France: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Germany: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Italy: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. UK: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Russia: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Europe Country Markets
- Active Fiber Systems GmbH
- Coherent, Inc.
- Convergent Photonics
- Fujikura Ltd.
- IPG Photonics Corporation
- Jenoptik AG
- Maxphotonics Co,.Ltd
- nLIGHT, Inc.
- TRUMPF GmbH + Co. KG
- Wuhan Raycus Fiber Laser Technologies Co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe fiber laser market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe fiber laser market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the fiber laser market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution