Forecast of Global Laser Cutting Machine Players Market 2023

Global Laser Cutting Machine Market will register a 9.7% CAGR in terms of revenue, reach US$ 5880 million by 2023, from US$ 3360 million in 2017. Laser cutting machine is a machine which uses laser beam to cut materials such as acrylic, plastic, wood, fabric, and many other non-metallic materials. The laser cutting machines initially casts laser beam on the surface of work piece, melts it and finally evaporates the particular area of work piece using the energy released by laser.