Laser Welding Machine Market Size shall reach a value of $271.23 Million in 2027, growing with a CAGR of 3.1% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
laser welding machines are appliances used to eliminate the usage of glue and chemical additives from the operations of welding. Laser welding machines can be used to weld usual metals, such as refractory metals, and non-metals such as glass and porcelain. They can be used to weld parts with various shapes.
Laser beam welding is referred to as a welding technique used to join thermoplastics or pieces of metals through the use of a laser. The beam delivers a concentrated heat source, entitling for narrow, deep welds and high welding rates. Laser welding allows the joining of components or materials that needs high thermal distortion and low welding speed.
Laser welding machines are widely used in different end-user application industries such as automotive, jewelry, electronics, and medical. One major advantage of using a laser welding machine is that they are very fast in operation. The laser heats the metal very fast while curbing the deformation risk.
Laser Welding Machine Market Growth and Trends
The global market for laser welding machines foresees a rapid pace of growth, one of the primary factors of which is an increase in thermal stability offered by these laser welding machines which in turn helps in eliminating the scrap from elements and materials that come for welding. These high-technology machines also have their utility in doing away with the use of chemical additives and glue from welding operations. The increasing use of laser welding machines by several end-user application industries is also making significant contribution in terms of fostering the growth of the global market. The demand for laser welding machines is expected to grow even further with technological advancements in manufacturing procedures and product innovations. Among all the types of technologies that have been deployed in the laser welding machine market, the technology of fiber laser welding machines is most likely to develop at rapidly as they facilitate more efficient delivery of light on the target spot of the metal being welded, as these lasers do not need expensive optical mirrors or other moving components like disk lasers. A very important growth factor for the market development has been rising thermal stability offered by laser welding machines. Laser welding supports the blending of materials or components that requires low thermal distortion at high welding speed, thus accentuating their demand and fuelling subsequent market growth. Laser welding machines are being increasingly used in a wide variety of growth sectors, such as medical device technology, entertainment electronics, and photovoltaic technology.
A limiting factor in the growth of this market could be the high cost of production of the laser welding machines, thus reducing the supply in comparison to demand. However, this can be tackled through enhanced strategies that would help manufacturers in bringing about an equilibrium in demand and supply.
Laser Welding Machine Market Regional Analysis
The Laser Welding Machine market is divided into five regions that is North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Europe market holds the largest segment of the global Laser Welding Machine market because of the advanced technology, and growing infrastructure in the region. European countries like Germany, Italy, and France are growing at a very fair rate because of the high usage by industries like automotive and welding. Asia Pacific countries like China, Japan, Australia, India, and Switzerland are also growing increasing because of urbanization and industrialization. Other countries like South Africa, Cuba, and UAE are growing at a medium rate to meet the users’ demands.
Laser Welding Machine Market Share and Competition
Key companies operating in this industry are: Emerson Electric Co., IPG Photonics, TRUMPF Group, Amada Miyachi Co., Ltd, Wuhan Golden Laser Co., Ltd., O.R. Laser technologie GmbH (Germany), FANUC Robotics (Japan), GSI Group, Inc. (U.S.), and LaserStar Technologies Corporation (U.S.) among others. Similar industries in this domain that is growing at a high CAGR include Welding Controllers Market and Orbital Welding Equipment Market.
Laser Welding Machine Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Technology Analysis (Revenue, USD Million, 2020 - 2027)
• Fiber Laser Welding Machine
• Solid-State Laser Welding Machine
• Co? Laser Welding Machine
End-user Analysis (Revenue, USD Million, 2020 - 2027)
• Jewelry Industry
• Tool And Mold-Making
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Laser Welding Machine Market Companies
• Emerson Electric Co.
• IPG Photonics
• TRUMPF Group
• Amada Miyachi Co., Ltd
• Wuhan Golden Laser Co., Ltd.
• O.R. Laser technologie GmbH (Germany)
• FANUC Robotics (Japan)
• GSI Group, Inc. (U.S.)
• LaserStar Technologies Corporation (U.S.)
Available Versions: -
United States Laser Welding Machine Market Research Report
Europe Laser Welding Machine Market Research Report
Asia Pacific Laser Welding Machine Market Research Report
India Laser Welding Machine Market Research Report
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