|The laser equipment market is expected to|
continue growing at a single digit rate.
However, due to weak downstream demand, the growth rate of Chinese laser equipment market in 2012 and 2013 both fell to below 10% according to the "Global and China Laser Equipment and Processing Industry Report, 2013-2017" from portal ChinaMarketResearchReports.com.
Among major enterprises, only Han's Laser Technology and Shenzhen Sunshine Laser and Electronics Technology have achieved business growth, says the report.
Other enterprises have realized little growth or negative growth. With continuous upgrading of processing and manufacturing industry, it is expected that the laser industry will see recovery growth and business performance will pick up in 2014 and 2015.
Han's Laser Technology is China's largest laser equipment manufacturer, says the report. Despite the laser industry downturn, Han's Laser Technology has maintained rapid growth, and achieved a year-on-year revenue growth rate of 18.53% in the first half of 2013. In particular, the revenue from high-power laser cutting equipment, laser welding equipment, and laser cutting equipment rose by 77.13%, 13.32%, and 35.03% year on year, respectively.
Shenzhen Sunshine Laser and Electronics Technology is China’s largest laser processing service company, says the report. The company occupies a big share of the laser template processing and laser forming service markets, which are expected to hit 21% and 13%, respectively, in 2013.
In the first half of 2013, the growth rate of its revenue from laser forming services, HDI drilling, and UV drilling reached 41.63%, 119.33%, and 575.08%, respectively, displaying strong growth momentum.
The report also says that the European and American economic crisis, the Asian economic slowdown, and a number of other factors have affected the development of the global laser industry and reduced the growth rate of the global industrial laser sector to single digits.
The growth rate of the global laser system market declined from 16% in 2011 to 6% in 2012, and is expected to further drop to around 4% in 2013.
Source: Industrial Laser Solutions