Market Analysis Report: 2022 Global and China Fiber Laser Industry Research

General overview of the development of the fiber laser industry
During the 13th Five-Year Plan period (2017-2021), the global fiber laser market size in 2017 was US$2522.7 million. Due to the impact of the epidemic in the past two years, according to the company's latest research, the global fiber laser market size in 2021 was US$3280.25 million , the compound annual growth rate CAGR during the five-year period from 2017 to 2021 is 6.79%.

During the 14th Five-Year Plan period (2021 to 2025), the global scale is expected to reach US$4366.09 million in 2025, with a compound annual growth rate of 7.41% from 2021 to 2025.

The main fiber laser manufacturers in the market include IPG Photonics, Raycus, Maxphotonics, Trumpf and Coherent, etc. The top five companies in the world account for more than 70% of the market, most of the high-end market is provided by foreign companies, and the low-end market products are homogeneous Serious changes and fierce price competition have affected the healthy development of the market.

The major consumer regions for fiber lasers are North America, Europe and Asia Pacific. Asia Pacific holds the largest market share, with a 61.13% market share in 2021. At the same time, India, Southeast Asian countries, Africa and other countries have experienced rapid economic development in recent years and have great market potential.

In the downstream market, fiber lasers can be used in materials processing, communications and other industries, of which material processing is the largest consumer market.

Although fiber lasers have brought some investment opportunities, it is difficult to keep up with the pace of development of new technologies if the scale of enterprises is too small or the investment in technology development is insufficient. The research team suggests that if you only have funds, without absolute technical advantages and the support of downstream customers, do not rashly enter the field of fiber lasers.


Barriers to entering the fiber laser industry
1. Product quality recognition and brand barriers
Customers pay attention to factors such as word of mouth and brand of products when purchasing, so brand awareness has a high degree of influence on product sales. However, the development cycle of fiber laser-related technologies is long, and it takes a certain period of time for the products of newly entered enterprises to undergo market testing, and it is difficult to make a difference in the short term.

2. Capital Barriers
Entering the fiber laser industry requires certain capital investment, including fixed asset investment and working capital investment. Investment in fixed assets mainly includes large-scale processing equipment, testing equipment, etc.

3. Technical barriers
There are certain technical thresholds in the fiber laser industry. Technology is the most difficult resource to obtain, and it is also a necessary condition for entering the fiber laser industry. Due to long-term development, large specialized companies already have certain strength, and they are at a high-end level in research and development, introduction of foreign technology and other aspects. Digestion, absorption, and gradually formed its own mature technology, has its own patents and proprietary technology in many fields. There are technical barriers for companies in other industries to enter the fiber laser industry or expand their business scope. In addition, there is a lot of room for technological upgrading in the fiber laser industry, which not only requires enterprises to have the ability to introduce, digest and absorb, but also requires enterprises to have R&D capabilities, to be able to continuously innovate and keep up with the pace of the market.

4. Barriers to purchase and sales channels
The development of enterprises in the fiber laser industry requires raw materials and parts supply channels composed of various types and a large number of upstream suppliers, as well as sales channels composed of distributors widely distributed in domestic and foreign markets. The construction and cultivation of these two channels cannot be completed in a short period of time, creating obstacles for new entrants.