Unbelievable as it may seem we are now well into the last quarter of 2016 and 2017 will soon be upon us. So what challenges and opportunities will 2017 present for the laser cutting industry?
One of the major advancements this year which will grow even further next year is the use of fibre laser machines. Most large sub-contract companies are now using fibre technology which offers increased cutting speeds but with lower energy costs. As the capital cost of buying a fibre laser, when compared to a CO2 laser, reduces so we will see even more fibre laser cutting machines sold in 2017.
As the cost of laser cutting reduces with the increased use of fibre technology 2017 will see prices of laser cutting reduce. However, buyers of laser cut parts may not see a drop in the prices they pay as material prices continue to increase in 2017 offsetting the drop in production costs.
Brexit will of course loom large in the laser cutting industry along with the wider economy. Most laser cutting companies will benefit from a lower pound as many of their customers export goods overseas. However, the economic shock of Brexit is yet to be fully seen or understood and 2017 will probably see most laser cutting companies hold back on capital purchases until the effects of Brexit become evident.
Simon Tregillus | Director
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