Industrial Laser Market

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  1. Financial midpoint of 2016 is muddled

    The dictionary defines "muddled" as a confused condition and an oft-used synonym is "perplexing." Either are apt when describing the first half of 2016 in the industrial laser market . The financials for key industrial laser and system manufacturers are now in—reflecting on their management's comments, considering economic news from the international manufacturing sector, and sorting out socioeconomic problems in global hot spots (i.e., Europe/Britain, Turkey, China) and the impact of presidential campaigns in the US give cause to turn in one's cloudy crystal ball for a tune-up. On the bright side are financial reports from industrial laser leaders IPG Photonics (up 8% for the second quarter and 6% for first 6 months), Coherent (up 9% for the quarter and 3% for 9 months), TRUMPF (up 3% over last fiscal year), and MKS Instruments, including Newport (up 9% over last quarter). Rofin, however, went negative (down 5% for the quarter and down 8% for three quarters). For what it's worth, the basket of 25 public companies I track—a global mix of laser, laser system, and related product suppliers, including the above—shows 59% increasing revenues in their latest reporting period, 31% experiencing decreasing revenues, and 10% remaining the same. A mixed bag that only sends out a positive signal when you measure each company's laser-related revenues, which are loaded heavily by the above major suppliers. On the socioeconomic side of the coin, the news is equally perplexing—as sampled in the headlines below: Americans gloomy about economy, but Chinese are optimistic; Survey shows Chinese manufacturing weak in July; No China crisis yet; China labor costs only 4 percent below U.S.; U.S. manufacturing technology orders up for June but subdued vs. 2015; How to revitalize U.S.; America's economy is the 'least ugly'; Europe first-half new car sales highest since 2008; Volkswagen to take $18.2B hit from emissions scandal; European machine tool orders record a 6.9% decrease in second quarter; and The business case for Brexit. Not to mention the U.S. presidential campaign, which brings to mind the economist four-year mantras of "After all, it's a Presidential election year!" and "Major stock market declines occur during the first or second years of the four-year U.S. presidential cycle." Now you can see why I used the "muddle" word as I struggle to make sense of the second half of 2016.

    Online Articles

    Online Articles

    Wed, 10 Aug 2016

  2. The worst is over - industrial laser market recovers

    As the industrial laser market recovers from a very difficult year, ILS identifies growth opportunities ahead

    Magazine Articles

    Magazine Articles

    Fri, 1 Jan 2010

  3. The industrial laser market in Turkey

    The history of laser processing in Turkey began with cutting applications in the 1990s, when imported cutting machines, specifically products from European machine manufacturers ...

    Magazine Articles

    Magazine Articles

    Tue, 1 Jan 2013

  4. Turkish delight: A growing industrial laser market

    Only in use for a decade, industrial laser systems show promise internally and as a domestically produced export product

    Online Articles

    Online Articles

    Tue, 1 Nov 2005

  1. Lasers calm a stormy sea

    Magazine Articles

    Magazine Articles

    Wed, 3 Feb 2016

  2. Markets keep getting better

    As we began this analysis of the industrial laser market it seemed that making predictions was a little like writing the messages that appear in modern Chinese fortune cookies; no longer Confucian wisdom, but more New Age pop philosophy.

    Magazine Articles

    Magazine Articles

    Mon, 1 Jan 2007

  3. Major changes in the laser market

    Plymouth, MI and Hamburg, Germany—In what can best be termed as a major lineup change, two leaders in the industrial laser market have joined forces, as Rofin Sinar Technologies Inc. ...

    Magazine Articles

    Magazine Articles

    Fri, 1 Oct 2004

  4. EuroBlech attendees question the economy

    David Belforte, ILS Editor in Chief, fields questions about the industrial laser market and the U.S. and global economy on the first day of EuroBlech

    Online Articles

    Online Articles

    Tue, 21 Oct 2008

  5. Not a pretty picture

    Recently, the World Bank cut its outlook for global growth, saying the global economy is being pulled by the US economy and "this does not make for a rosy outlook for the world."

    Magazine Articles

    Magazine Articles

    Tue, 17 Mar 2015

  6. Happy New Year

    2014 could be repeat of 2013 for industrial laser growth

    Magazine Articles

    Magazine Articles

    Tue, 27 Jan 2015

  7. Happy New Year—I think

    It's a new year and I just finished proofing the ILS Annual Economic Review, which you will be able to access in a few days. I labored over the analysis right up to the production deadline because the world economic situation, to put it mildly, is very fluid.

    Online Articles

    Online Articles

    Mon, 5 Jan 2015

  8. Maybe the most flexible laser—ever!

    The initial justification for developing these lasers was to bring the benefits of fiber lasers to low-average-power, low-duty-cycle pulsed laser welds.

    Magazine Articles

    Magazine Articles

    Tue, 14 Jul 2015

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