Laser Market Overview in the European Union
In value terms, laser production rose remarkably to $ in estimated in export prices. Overall, production saw a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by % year-to-year. The level of production peaked in and is likely to continue growth in years to come.
The countries with the highest volumes of laser production in were Germany ( units), Spain ( units) and the Czech Republic ( units), together accounting for % of total production.
From 2007 to , the biggest increases were in Spain, while laser production for the other leaders experienced more modest paces of growth.
The value of the laser market in the European Union expanded rapidly to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. The growth pace was the most rapid in 2010 when the market value increased by % year-to-year. The level of consumption peaked at $ in 2014; afterwards, it flattened through to .
In Ireland, laser consumption increased at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of consumption growth: France (+% per year) and Belgium (+% per year).
In value terms, Spain ($), Italy ($) and France ($) appeared to be the countries with the highest levels of market value in , together accounting for % of the total market. Germany, Hungary, Belgium, Poland, Ireland and Finland lagged somewhat behind, together comprising a further %.
Among the main consuming countries, Hungary saw the highest growth rate of market size, over the period under review, while laser market for the other leaders experienced more modest paces of growth.
In , the highest levels of laser per capita consumption was registered in Ireland ( units per persons), followed by Finland ( units per persons), Belgium ( units per persons) and Hungary ( units per persons), while the world average per capita consumption of laser was estimated at units per persons.
In Ireland, laser per capita consumption expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Finland (+% per year) and Belgium (+% per year).