Han's Laser(SZ:002008) Chan Ye Xin Xi Wang·2025-04-14 01:33Core Viewpoint - The laser cutting machine industry is experiencing significant growth in China, driven by advancements in laser technology and increasing demand in various manufacturing sectors. The market size is projected to reach approximately 36.85 billion yuan in 2024 and is expected to exceed 40 billion yuan in 2025 [1][4]. Industry Definition and Classification - Laser cutting machines utilize high-energy density laser beams for precise material cutting. They can be classified based on laser type (CO₂, fiber, YAG), cutting method (melting, oxidation, vaporization), structure (gantry, cantilever, robotic), and power (low, medium, high) [2]. Industry Development Status - The laser cutting technology is becoming increasingly important in modern manufacturing, gradually replacing traditional processing methods. The market for laser cutting machines is expanding due to rapid growth in the manufacturing sector and continuous technological advancements [4]. Market Concentration and Competition - The market concentration for laser cutting machines in China is relatively low. In 2023, Bond Laser held the largest market share at 9.10%, followed by Dazhu Laser (8.20%) and Hongshi Laser (8.10%). The top five companies by revenue share include Bond Laser, Dazhu Laser, Hongshi Laser, Pentium Laser, and Huagong Laser [6]. Industry Value Chain - The laser cutting machine industry value chain consists of upstream components (laser sources, optical components, mechanical systems, CNC systems), midstream manufacturing (design, production, assembly, and debugging), and downstream applications in various sectors such as aerospace, automotive, machinery, and medical devices [8][10]. Key Enterprises - Major companies in the laser cutting machine market include Bond Laser, Dazhu Laser, Hongshi Laser, Pentium Laser, and Huagong Laser. These companies are competing with both domestic and international brands, with a focus on technological innovation and market expansion [14][17]. Industry Trends - The laser cutting machine industry is expected to evolve towards greater automation, intelligence, and precision, integrating into smart manufacturing systems. Continuous technological innovation and expanding application demands will enhance the role of laser cutting technology in future manufacturing [24].