The Laser Cutting Machines Market Size was valued at USD 7.1 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030 Laser Cutting is a thermal separation method in which many different materials can be cut efficiently, quickly, and precisely without reworking. The urgent requirement of many industries to reduce human involvement and the role of machine tools and automate the metal cutting process for better cutting precision and accuracy and lower material wastage has been one of the driving factors behind the growth of this market The evolution of fiber laser technology represents a significant advancement in the laser cutting machine market. With continuous innovation, fiber lasers now offer higher power levels, improved efficiency, and superior beam quality. These advancements translate into faster cutting speeds, heightened precision, and enhanced versatility across a wide range of materials, including metals, plastics, and composites. Moreover, the growing adoption of fiber lasers for cutting thick materials underscores their expanding capabilities and reliability in demanding applications.
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