Online research website, Research and Markets has released its latest report titled, “Global and China Laser Equipment and Processing Industry Report 2010-2013”.
According to the report, the Chinese laser equipment market achieved a compounded annual growth rate (CAGR) of 21.7% from 2001 to 2010. The total market value for the Chinese laser equipment reached RMB 3.7 billion in 2010, of which high power equipment such as laser cutting machines, laser welding machines, laser engraving machines and laser marking machines accounted for 67% share. Small and medium laser equipment accounted for 33% market share. The report also estimated that small and medium laser equipment will be used more in the furniture and clothing industries. These equipment will be mainly used for cutting and drilling. The small and medium equipment market offers great scope for product development too.
The report has also given a brief outlay of how major companies in the laser equipment industry operate, develop and plan their business and talks about import and export of the equipments. The key companies that were analyzed were, Golden Laser, Han’s Laser, COHERENT, Universal, Rofin, TRUMPF, SIASUN, Lan Tech, BOYE Laser, EASSON, BIOET, MUSEN LASER, Trotec, HG TECH, ZHZJ and CNL.