India Laser Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

India Laser Market is segmented by Type (Co2 Laser​, Fiber Laser​, Nd YaG Laser, Other Types ) and End-User (Automotive, , Railways, Construction, Agriculture, Communications, Solar Industry).

Market Snapshot

India Laser market.png
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 18.2 %

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Market Overview

The India laser market is expected to register a CAGR of 18.2% during the forecast period (2020 - 2025). Laser technology is used by a majority of the end-users operating in the country. It is used in automotive, commercial, manufacturing, and other verticals for quality check. The laser technology helps in enhancing product quality and in-process quality control at every manufacturing stage. The technology helps in checking and measuring geometric specifications, dimensional inspection, and electrical testing. The geometric specification includes thickness, distance, radius, and surface outline.

  • The number of laser cutting machines in the Indian market is growing rapidly. With leading suppliers such as Sahajanand Laser Technology, Suresh Indu Pune, Laser Technology, Angel CAD-CAM, Mehta CAD-CAM, Sigma Mechatronics, ProLastec Pune, and others, the overall market was between 300 and 400 machines for 2017. In 2018-2019, it reached around 600–800 lasers for cutting machines. More than half of this market will be for cost-effective machines manufactured in China (for low- and high-power fiber lasers from companies such as HSG, DNE, and Bodor), with the rest shared by local integrators and big international players such as Trumpf, Amada, Bystronic, LVD, Prima Power, and Mazak Optonics.
  • Further, the conventional techniques of welding have established a niche in the manufacturing sector. However, the high tech laser welding advancements operate economically and efficiently in many different industrial applications. Some laser welding systems can be further configured to do additional functions such as cutting, drilling, and serializing. Laser welding offers travel speeds that can be five to ten times faster than TIG welding and three to five times faster than MIG welding in various applications.
  • High-power laser welding will grow with expansion in automotive and other sectors, while low-power pulsed YAG/fiber laser welding systems, which are steadily growing for different applications such as mold repair and battery welding, will continue to grow as manufacturing activity picks up in future in India.
  • However, regulatory compliances act as restraints for the market. The laser technology provides the application of solid and fiber lasers. These lasers use rare elements such as neodymium, chromium, erbium, and ytterbium, where the processing and refining of these rare earth elements may cause potentially hazardous environmental consequences. One of the major consequences is radioactive pollution caused by slurry tailings.
  • However, the COVID-19 impact on the market is likely to impede the anticipated growth in the studied market. With several manufacturing units observing shutdowns and temporary halts in production, several market players are observing a dip in revenues. However, in the healthcare sector, with new innovations in product development to prevent people from getting affected, the market shows potential growth.
  • For instance, in March 2020, in Hyderabad, ButterFly EduFields, along with T-Works and NIMS, started manufacturing aerosol boxes and face masks for medical personnel who are treating critical Covid-19 patients. The team tweaked the design and was set for production with the utilization of laser cutting equipment.

Scope of the Report

Laser engraving and cutting machines offered by the players in the market come with several features like high accuracy, smooth incision, exact curve fitting, fast speed, narrow kerf, and others. The India Laser market is further segmented, based on different types of lasers such as Co2 laser​, Fiber laser​, Nd YaG laser​, and other types, providing its applications to end-users such as automotive, construction, etc.

By Type
Co2 Laser​
Fiber Laser​
Nd YaG Laser​
Other Types
By End-user
Automotive​
Railways​
Construction  ​
Agriculture​
Communications​
Solar Industry​
Other End-users ​

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Key Market Trends

Automotive Sector to Witness Significant Growth

  • The laser market is driven by industries such as automotive, heavy industry, infrastructure, electronics, consumer durables, railways, and others. The automotive sector is growing at a rapid pace, and the Indian automotive industry (including component manufacturing) is expected to reach INR 18.18 trillion by 2026, according to IBEF.
  • Thus, the automotive industry is the main driving force for the laser industry. Automotive sector laser applications include cutting, welding, marking, hardening, cladding, and texturing, thereby covering all major automotive applications for lasers.
  • The market for lasers in India is driven by the automotive sector and, thus, job shops for sheet metal cutting. These are mainly located in automotive hubs such as Pune, Bangalore, Chennai, Manesar (near Delhi), and Ahmedabad, which together account for more than 80% of the job shop market for metal cutting lasers. While the machine tool industry is spread throughout India, it is more so in Punjab, Chandigarh, Ludhiana, and Coimbatore, while lasers for diamond processing are mainly focused in Surat, with more than 10,000 to 12,000 lasers used.
  • Further, the 2D fiber laser cutting machine market is currently the fastest-growing laser market in India. The overall number of cutting machines sold in 2018 was in the range of 800–1000 units, which is double the number sold in the previous year. A significant percentage (25–30%) of the market has been captured by Indian machine integrators with Suresh Indu Laser (Pune) taking the lead with the largest share, followed by Mehta CAD-CAM (Ahmedabad), Sahajanand Laser Technology (Ahmedabad), Messer, Protec, and many others. This significantly caters to the growth in the automotive sector.
  • Also, the government is putting in place a policy for electric vehicles (EVs), Bharat Stage VI (BSVI) norms, and safety regulation. It will take some time for the automotive sector to get ready for these changes, and the market will witness a temporary slowdown in this sector, but it will certainly revive with unprecedented growth rates in the foreseen period.
  • Automotive manufacturers have started to prepare for these changes, especially with EVs. Maruti, the leading automotive car manufacturer, is already building a battery plant in Sanand Gujarat, and other companies will also be getting into EVs.
  • Further, a player such as Intech Additive Solutions Pvt. Ltd. (Formerly known as Intech DMLS Pvt. Ltd.), announced that they have designed, developed and delivered to the Indian Manufacturing Industry a true ‘Made in India’ technological solution, with the launch of their new range of Metal 3D Printers in January 2020. The iFusion series of Metal 3D Printers, which is based on the Selective Laser Melting technology and the first of its kind in the country, is designed for high precision, stability, reliability and to deliver unmatched performance with higher build rate.
  • Intech Additive Solutions has been a spearhead in the Metal Additive Manufacturing in the country helping to provide end to end solutions starting from concept design to fully functional Production parts for various industries, including automotive segments in India.
LASER AUTOMOTIVE graphhhhh.png

Fiber Lasers Accounts for Significant Share

  • The fiber laser cutting machine market is currently the fastest-growing laser market in India. Fiber lasers have a dynamic operating power range allowing the beam focus and its position to remain constant even when the laser power is changed. In addition, a wide range of spot sizes can be achieved by changing the optics configuration. These features enable in to choose an appropriate power density for cutting various metals such as carbon steel, stainless steel, tool steel.
  • The overall number of fiber laser cutting machines sold to industrial applications is increasing rapidly. It is mostly dominated by Chinese machine manufacturers such as HSG Laser, Bodor Laser, Han’s Laser, and many others through their distributors/resellers that include Indian players such as Laser Technologies Mumbai, Laser Lab Delhi, and another 25–30 distributors selling Chinese cutting machines, apart from Han’s Laser and Golden Laser, which have their own offices in India.
  • As India is gradually advancing in the steel manufacturing sector, the steel is amongst highly utilized metal, where the increase of its demand will bring a huge benefit for the metal forming industry, which majorly uses fiber laser cutting machines. Further, according to the Indian Institute of Welding (IIW), almost 90% of the steel consumed in the country through the welding process, and this is further anticipated to boost the demand for the laser welding equipment in the forecast period.
  • Further, the manufacturing fabrication sector, especially the thin sheet metal industry (<5 mm) for kitchenware, lifts, interior designers, and other such applications, is also contributing to the growth. Earlier, this sector was outsourcing their jobs because of the high cost of the lasers, and their maintenance (earlier systems were CO2 laser-based and expensive). However, with the no-maintenance fiber laser cost coming down to less than USD 50,000 for a 1 kW fiber laser system, companies such as Sahajanand Laser Technology, Suresh Indu Pune, Laser Technology, Angel CAD-CAM, Mehta CAD-CAM, Sigma Mechatronics, ProLastec Pun can now afford to have an in-house machine in India.
  • Further, as the significant share in the market has been captured by Indian machine integrators with Suresh Indu Laser (Pune), followed by Mehta CAD-CAM (Ahmedabad), Sahajanand Laser Technology (Ahmedabad), Messer, Protec, and many others, so by looking into the fiber laser market for the coming years, it seems that laser cutting will still rule the market (with 1–1.5 kW as baseline machines, and also other higher powers) provided with high usage for the steel.
LASER Steel graph.png

Competitive Landscape

The India Laser Market is fragmented in nature, where barriers to entry of new players are fairly low coupled with laser equipment manufacturers witnessing an increase in revenue, by which the competitive rivalry in the studied market is increasing significantly. The competitive strategy is majorly comprised of innovations in equipment and technology. Key players are Trumf Group​, Amada Co. Limited, etc., Some major recent developments in the market are:

  • May 2019 - Raycus India introduced an upgraded full range of CW Fiber Lasers. Multi-module continuous fiber laser offered by the company can be widely used in welding, precision cutting, cladding, surface treatment, 3D printing, and other fields.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis​​

    3. 4.3 Industry Stakeholder Analysis (OEM| Distributors| Integrators| End-user organizations)​

    4. 4.4 Market Drivers

      1. 4.4.1 Growing market concentration coupled with increased availability of products has played a role in cost decline​

      2. 4.4.2 High demand for laser cutting related applications​

      3. 4.4.3 Replacement of existing installations and emergence of India has one of the major manufacturing destinations (driven by favorable policy changes)​

    5. 4.5 Market Challenges

      1. 4.5.1 High dependence on international vendors to address demand

      2. 4.5.2 Supply related concerns

      3. 4.5.3 Lack of Technical expertise and local ecosystem

    6. 4.6 Market Opportunities

      1. 4.6.1 Potential for Laser Marking

      2. 4.6.2 Anticipated developments in buyer’s leverage

      3. 4.6.3 Positive Growth Outlook

    7. 4.7 Key Industry Standards & Regulations ​

    8. 4.8 Impact of COVID-19 on the India Laser Industry ​

  5. 5. TECHNOLOGY SNAPSHOT​

    1. 5.1 Evolution of Laser & Photonics Industry in India ​

    2. 5.2 Application-wise mapping of key opportunities and use-cases ​

    3. 5.3 Key global cues expected to be find adoption

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Co2 Laser​

      2. 6.1.2 Fiber Laser​

      3. 6.1.3 Nd YaG Laser​

      4. 6.1.4 Other Types

    2. 6.2 By End-user

      1. 6.2.1 Automotive​

      2. 6.2.2 Railways​

      3. 6.2.3 Construction  ​

      4. 6.2.4 Agriculture​

      5. 6.2.5 Communications​

      6. 6.2.6 Solar Industry​

      7. 6.2.7 Other End-users ​

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 COMPANY PROFILES

      1. 7.1.1 Trumf Group​

      2. 7.1.2 Amada Co. Limited ​

      3. 7.1.3 Coherent Inc​

      4. 7.1.4 Alpha Laser​

      5. 7.1.5 Laserline​

      6. 7.1.6 IPG Photonics​

      7. 7.1.7 Max Photonics Co. Limited​

      8. 7.1.8 Wuhan Raycus Fiber Laser Technologies Co. Limited ​

      9. 7.1.9 nLight Inc

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE MARKET OUTLOOK

**Subject to Availability

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Frequently Asked Questions

The India Laser Market market is studied from 2016 - 2026.

The India Laser Market is growing at a CAGR of 18.2% over the next 5 years.

Amada Co. Ltd, Coherent Inc., Alpha Laser, Trumpf Group, Laserline GmbH are the major companies operating in India Laser Market.

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