According to relevant reports, China's fiber laser equipment market is generally stable and improving in 2023. The sales of China's laser equipment market will reach 91 billion yuan, a year-on-year increase of 5.6%. In addition, the overall sales volume of China's fiber laser market will rise steadily in 2023, reaching 13.59 billion yuan and achieve a year-on-year increase of 10.8%. This number is not only eye-catching, but also reflects China’s strong strength and market potential in the field of fiber lasers. With the continuous advancement of science and technology and the continuous expansion of market demand, China's fiber laser market has shown a strong growth trend.
In the face of a complex and severe international environment and arduous tasks of domestic reform, development and stability in 2023, China's laser industry achieved a growth of 5.6%. It fully demonstrates the development vitality and market resilience of the industry. The domestic high-power fiber laser industry chain has achieved import substitution. Judging from the development trend of China's laser industry, the domestic substitution process will further accelerate. It is expected that China's laser industry will grow by 6% in 2024.
As an efficient, stable, and precise laser device, fiber laser is widely used in many fields such as communications, medical treatment, and manufacturing. With the continuous development of science and technology and the increasing market demand, China's fiber laser market is booming. Its application prospects in material processing, medical treatment, communication transmission and other aspects are broad, attracting more and more market attention and becoming one of the most dynamic and competitive markets in the world.
This rapid growth is due to the continuous promotion of technological innovation. China's scientific research institutions and enterprises continue to increase investment in research and development of fiber laser technology, promoting product performance and cost reduction. Breakthroughs in key indicators have given China's fiber lasers a competitive advantage in the international market.
Another driving factor is the growing demand in the Chinese market, which has become an important driving force for the development of the fiber laser market. The transformation and upgrading of the manufacturing industry, the rapid development of 5G technology, and consumers' continuous pursuit of quality have all driven the increasing demand for high-performance laser devices. At the same time, the rapid development of medical cosmetology, laser processing and other fields has also brought new growth opportunities to the fiber laser market.
The Chinese government's industrial policies and policy support have also greatly promoted the development of the fiber laser market. The government encourages innovation and supports the transformation and upgrading of enterprise technology, which provides a good policy environment and policy support for the development of the fiber laser industry. At the same time, cooperation and collaboration between the upstream and downstream of the industry chain are increasingly improving, laying a solid foundation for the healthy development of the industry.
In addition to the domestic market, Chinese laser cutting equipment manufacturers continue to focus on overseas markets. The total export value in 2023 will be US$1.95 billion (13.7 billion yuan), a year-on-year increase of 17%. The top five export regions are Shandong, Guangdong, Jiangsu, Hubei and Zhejiang, with an export value of nearly 11.8 billion yuan.
The "2024 China Laser Industry Development Report" believes that China's laser industry is entering the "Platinum Decade" of accelerated development, showing a rapid increase in import substitution, the emergence of popular tracks, the collective overseas expansion of downstream equipment manufacturers, and the influx of financial capital. It is expected that the sales revenue of China's laser equipment market will grow steadily in 2024, reaching 96.5 billion yuan, a year-on-year increase of 6%.(The above data comes from the "2024 China Laser Industry Development Report")
Post time: Apr-07-2024
