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China Laser Processing Equipment Industry to Gain from Favorable Government Policies aimed at Industrial Growth in the Country

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Published on : Oct 26, 2016

ALBANY, NY, Oct 26, 2016: The report presents a granular analysis of the various factors either driving or creating obstacles for the laser processing equipment industry in China. It studies in detail the impact of China’s prevailing economic scenario on the market’s operation. The impact of the regulatory changes on the market is discussed as well. 

Against the backdrop of robust industrial development, the government in China has introduced a plethora of supporting policies that promote the development of the laser processing equipment industry. In 2015, the government published a technology roadmap for the key areas of the manufacturing sector in China. Under this, several new laser technologies and products such as the laser remote detection, laser radar system, laser hybrid welding, laser small hole molding, laser display, and others were brought under the national strategy plan. 

The laser industry in China has been significantly benefiting from the development of downstream markets since 2012. The total laser equipment sales across business, information, scientific research, medicine, and the industrial field reached RMB 33.6 bn in 2015, which exhibited an increase by 4.7% than in 2014. 

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On the downside, the sales of industrial laser equipment reduced on YoY basis in 2015, despite which the segment reported an increase by RMB 810 mn in the year. According to the report, the wine and cigarette enterprises increased the prices in the low and medium-grade products segment, which exhibited high demand for laser anti-counterfeit packaging. 

Furthermore, the demand from the medical cosmetology and dermatology therapy markets also increased considerably, thereby boosting the China laser processing equipment industry. Globally, China ranks as the third-largest market for laser processing equipment following EU and the US. Besides demand for international brands, the market is also witnessing significant demand for medium and low power level fiber laser produced domestically. This has been a key factor driving the laser processing equipment industry in China. 

Besides this, the report also focuses on analyzing the prevailing vendor landscape in the China laser processing equipment industry. For the purpose of the study, it has profiled international companies such as TRUMPF, ROFIN, Coherent, PRIMA, IPG, and GSI. Their operations and strategies adopted for gaining stronghold in the China laser processing equipment industry are studied in detail. Furthermore, the report profiles some of the Chinese enterprises such as Han's Laser Technology Co., Ltd., Sapphire Cutting Business, Wuhan Golden Laser Co., Ltd., Huagong Tech Company Limited, Siasun Robot and Automation Co., Ltd., and others. 

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