The demand for laser cutting services is growing quickly. According to a Grand View Research study, the global laser cutting machine market is expected to reach $6.72 billion by 2024. It comes as no surprise to us, especially with the growing use of CO2 and YAG lasers in the marketplace designed to develop intricate steel products for electronics and industrial sectors.
Exceptional growth levels
The laser cutting industry is expected to grow exponentially over the next five years, and we’ve already seen a 100% growth since 2012. The double in demand comes down to a few factors: Newer technologies that have outgrown older machines and their capabilities, industries investing in in-house cutting machines and the support from industry bodies who view laser cutting as an economical method for small to large scale projects.
Automated lasers big part of aviation, shipbuilding and automotive
Lasers have become a vital part of the automation process across the shipbuilding, aviation and automotive manufacturing industries. Incorporating lasers into the manufacturing process can significantly reduce overtime on projects, increase the safety of the build and increase productivity. Utilising laser machines for production of spare parts and repairs can also help to reduce the time required to make or source parts.
Customers prioritising sustainable business models
Operating a sustainable business isn’t just good for your bottom line and the planet, it’s a super important factor in your customer’s decision-making process. With a new era of sustainable practices rising, it’s become more important for companies in every manufacturing-focused business, not just laser cutting, to be more transparent with their customers in this regard.
A sustainable brand is one that has successfully integrated environmental, economic and social issues into its business operations. For manufacturing, this means being open about what happens to your waste, promoting worker health and safety on the job and at home, and promoting your innovation in the workplace.
In the laser cutting industry, there is a large focus on steels contribution to a low carbon future by adopting a circular economy. We’ve found that many businesses are still using the linear waste model that sees raw materials used and discarded, whereas the circular economy encourages models or parts that are repaired, re-used, returned and recycled.
Being on the forefront of new technologies and practices isn’t just good business sense for us, it’s our passion. Talk to the team at ShapeCUT today to see how we’re on the cutting edge of the industry.