Laser cutting machines involve casting a laser beam on the work piece, melting it and subsequently evaporating the targeted area by using enough heat by the laser.
The increase in production requirements in various industries and the need to reduce human involvement for improving the metal processing quality drive the need for automation in manufacturing industries. These requirements are fulfilled by the laser cutting machines. Increase in sales and production in the respective markets of automotive, consumer electronics, and defense boost the requirement of these machines to be installed for manufacturing. The decrease in life span of products also supports the sales growth phenomena. The machines are required for keeping up with the demand for products.
There are substitutes available in the market that help in cutting; these offer similar features but use different cutting tool instead of laser. These substitutes affect the market in current scenario by offering alternate solutions for the shortcomings of laser cutting machines. The effect of these substitutes is expected to reduce in the future as the laser cutting machines undergo continuous improvements to counter the technological shortcomings.
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