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Laser cutting industry analysis: sales, job numbers reveal strong growth

Posted by IndustryNet on Wednesday, September 6, 2017

100000102lasercuttingWith applications in automotive, aerospace, biomedical, and electronics, the laser cutting industry's future is looking bright. Industry advances such as micro-engraving and the increasing demand for machine tools predict sectoral growth for laser cutting.

IndustryNet, which maintains current information on nearly 400,000 U.S. manufacturers as well 10,000+ industrial supply companies, recently analyzed the hundreds of machine shops in the laser cutting industry in August 2017 to gain perspective on current trends and compare company performance across a spectrum of data points. This article will explore the industry as a whole, examining regional differences and the fastest-growing companies in the laser cutting industry.

According to its most recent analysis, IndustryNet is tracking 198 companies providing laser cutting services. These employ 4,399 and bring in over $535 million in sales annually. Job growth has increased in these types of machine shops over the past year by 4.04%, edging out U.S. manufacturing as a whole, which grew by 4%.

Regional strength

Regionally, the Midwest leads the nation in both the number of laser cutting companies at 87 and the number of jobs at 2,330. The remaining regions are clumped fairly close together, statistically. The West is a distant second nationally, with 368 companies, but ranks third in terms of the number of jobs at 799.

The South comes in third with respect to the number of companies at 34, but second in the number of employees at 919. The Northeast ranks fourth in both categories with 30 laser cutting companies employing 650 individuals.

Top 5 laser cutting companies by employment growth

1. Alabama Laser Technologies; Munford, Alabama; 230 employees on site.

Alabama provides laser cladding, laser welding, laser heat treating, laser etching, and laser cutting as well as other custom services to its clients. Laser sheet cutting for carbon steel, stainless steel, and aluminum and laser tube cutting in virtually any shape enable Alabama Laser to provide its customers with a unique blend of laser cutting services, process development, and custom systems.

2. Epilog Laser; Golden, Colorado; 120 employees on site.

Epilog manufactures entry-level laser engraving and cutting machinery that is approximately the size of a desktop printer. But its small size belies its capabilities which include 3D engraving. Other laser machinery includes the Legend, Fusion and Galvo series. All Epilog equipment is produced in the United States from their Colorado facility.

3. Technique, Inc.; Jackson, Michigan; 95 employees on site.

Technique offers emergency solutions to urgent problems. The company works 24/7 to provide rapid production and even maintains its own airplane for situations requiring immediate part delivery.

4. Laser Mechanisms, Inc.; Novi, Michigan; 75 employees on site.

Laser Mechanisms manufactures the components used in many industrial applications such as cutting, welding, drilling, and scribing. The company's many innovations have contributed greatly to the performance, safety, capability, and cost-effectiveness of laser processing.

5. Tigmaster Co., Inc.; Baroda, Michigan; 47 employees on site.

Tigmaster began operations in 1981 to provide welding services to area tool and die companies. Shortly thereafter, it became the first company in its area to offer laser cutting services and one of the first in the area to offer laser QC scanning capabilities.

Top 5 laser cutting companies by sales growthlasercuttingguys

1. Prince Precision Products, LLC; Macon, Georgia; 80 employees.

Prince Precision employs both a 4,000 watt laser cutter and a 6,000 watt laser cutter. Both cutters are attached to material stacking stations to speed production and lower final costs.

2. LAI East, Westminster Operations; Westminster, Maryland; 55 employees.

LAI East provides a broad range of advanced manufacturing services, including laser cutting services, to its customer base. LAI operates primarily in the aerospace, defense, energy, industrial, and medical sectors.

3. Tigmaster Co., Inc.; Baroda, Michigan; 47 employees.

Tigmaster's state-of-the-art 6,000 watt laser cutting system cuts shim steel, stainless steel, and aluminum up to 1" thick. It also performs laser engraving and etching onto virtually any surface including glass, wood, and marble.

4. Laser 1 Technology, Inc.; West St. Paul, Minnesota; 25 employees.

Unlike other laser cutting companies, Laser 1 Technology is a full-service, supply chain management option. Laser 1 certainly excels at laser cutting, but also work with its clients regarding supply chains, inventory management, and on-time delivery. These value-added services save clients time, warehouse space, and, ultimately, money.

5. Laserfab, Inc.; Lebanon, Pennsylvania; 20 employees.

Laserfab performs high-speed laser cutting with up-to-the-minute lasers, both fiber and gas. Its capabilities include mild steel, stainless steel, aluminum, copper, and brass. Laserfab combines the extensive experience of its employees with modern equipment to fulfill the most exacting orders.

For more information

IndustryNet, America's leading online industrial marketplace, is a one-stop resource for all of your industrial supply needs. To connect with the companies providing laser cutting services near you, start your free search on IndustryNet. Here, you can obtain a quote, contact a company directly, connect on social media, obtain a list of industrial suppliers in your area, and more. 

Does your company provide laser cutting services? IndustryNet can help you stand out from the competition. Learn more about our marketing solutions

Related articles:

The leading precision machining companies in the U.S.

U.S. precision machining sector posts strong sales, employment growth

 

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