The Laser Machine Market is projected to grow at 4.73% CAGR in 2020-2031 with a market size of 480.10 Billion.
A laser welding machine uses a laser beam as a concentrated heat source to fuse numerous pieces of various materials. Laser welding technology has advanced to the point that it now has a wide variety of uses. Laser welding connects materials or components that need a fast welding speed with little thermal distortion. Laser welding equipment is becoming more popular in various growing industries, including entertainment electronics, photovoltaics, and medical device technologies.
Over the assessment period of 2020 to 2031, the worldwide market for laser welding machines is likely to grow at a fast rate. The thermal stability of these laser welding equipment has been one of the key growth factors for the markets development. This stability helps in the reduction of scrap caused by the elements and materials used in welding. Laser welding equipment also makes it possible to eliminate the need for chemical additives and adhesives in welding processes.
The increasing usage of laser welding equipment by a variety of end-user application sectors comprising electronics, automotive, jewelry, and medical, among others, is also helping to propel the worldwide market forward. With advances in production methods, technical advancements, and product innovations, the need for laser welding equipment would increase even more.
Key Trend & Drivers
Various types of technologies are there in the worldwide laser welding machine market, among them, fiber laser welding machine is likely to expand. The fiber lasers enable a more precise transmission of light to the exact target of the subject metal. They dont need any expensive or time-consuming optical mirrors or other moving components like disc lasers. The fiber laser welding machines technology allows light to amplify and channel via fiber optic cable.
Laser welding machines are simple to use and produce less amount of scrap. Aluminum, stainless steel, high-strength steel, carbon steel, precious metals, and other materials can weld with laser welding equipment. It helps in automating the welding process, resulting in a higher total output volume. Because of these advantages, laser welding equipment is becoming increasingly popular in the medical device manufacturing, automotive, heavy manufacturing, and construction industries. As an outcome, in the coming years, the laser welding machine market is set to flourish at a rapid rate. Shortly, a shortage of trained and knowledgeable personnel in manufacturing industries is likely to obstruct the expansion of the laser welding machine industry. It can cause the laser welding machine markets growth to restrain by high labor costs and a high initial price tag, which will lead end-users to be unsure about its adoption.
Key players
AMADA HOLDINGS Co Ltd, FANUC Corp, Emerson Electric Co, Jenoptik AG, Perfect Laser Co. Ltd, IPG Photonics Corp and LaserStar Technologies Corporation are some of the other major competitors in the laser welding machine industry.
Regional Assessment
During the projection period, Asia-Pacific (APAC) is likely to expand faster than other areas, according to the research. The region contains the most industrial units where laser welding machines, which focus on increased productivity, are necessary. Because of its enormous industrial sector, China is projected to be the regions most important country. Furthermore, the automobile industry is one of Chinas pillar sectors, and it continues to have the worlds largest vehicle market. In 2018, the country produced 27.8 million vehicles, greatly exceeding leading markets such as the United States (11.3 million units), Japan (9.7 million units), and Germany (9.7 million units) (5.1 million units).
When it comes to ASEAN, the manufacturing sector has been a significant engine of economic growth. Low operating expenses draw many firms from larger industrial bases to this regions economies. Recently, China has experienced rising salaries and strict regulations, resulting in increased operational expenses as the country moves toward higher-value manufacturing. Companies are looking to the ASEAN area for lower-value production networks that have been heavily integrated into global manufacturing value chains to fill the space that PRC formerly occupied. To improve sales, welding machine makers align their distribution networks to focus on developing markets by supporting emerging manufacturing sectors, according to the research.
Report Highlights
• Historical data available (as per request)
• Estimation/projection/forecast for revenue and unit sales (2021-2031)
• Data breakdown for every market segment (2021-2031)
• Gross breakdown for every market segment (2021-2031)
• 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 and Revenue Segmentation
Technology Analysis (Revenue, USD Million, 2020-2031)
• Fiber Laser Welding Machine
• Co2 Laser Welding Machine
• Solid State Laser Welding Machine
• Others
Application Type Analysis (Revenue, USD Million, 2020-2031)
• Medical
• Electronics
• Jewelry Industry
• Automotive
• Tool & Mold-Making
• Others
Key Company Analysis (Revenue, USD Million, 2020-2031)
• AMADA HOLDINGS Co. Ltd.
• Coherent Inc.
• Emerson Electric Co.
• FANUC Corp.
• IPG Photonics Corp.
• Jenoptik AG
• Laserline GmbH
• Laserstar Technologies Corp.
• Perfect Laser Co. Ltd
• TRUMPF GmbH + Co. KG
Regional Analysis (Revenue, USD Million, 2020 – 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United kingdom
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• UAE
• Qatar
• Saudi Arabia
• Japan
• Africa
• Rest of the world
Available Versions:
• United States Laser Welding Machine Industry Research Report
• Europe Laser Welding Machine Industry Research Report
• Asia Laser Welding Machine Industry Research Report
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