Global Laser Welding System Market Size, Trends & Growth Opportunity, By Technology (Fiber, Co2, and Solid-State), By End-User (Automotive, Electronics, Medical, and Jewellery Industry), By Region and Forecast till 2030.
Global Laser Welding System Market
The Global Laser Welding System Market is expected to grow from US$ 1.96 Billion in 2022 to US$ 3.0 Billion by 2030; it is estimated to grow at a CAGR of 5.46% from 2023-2030.
Market Overview
A laser welding machine uses a laser beam as a concentrated heat source to connect together several pieces of diverse materials. Numerous developments in laser welding technology have led to a variety of uses. Laser welding is advantageous for attaching materials or components when quick welding and little thermal distortion are required. A number of fast-growing industries, such as entertainment electronics, photovoltaics, and medical device technologies, are seeing increased use of laser welding devices.
Market Drivers
Additive manufacturing allows for the development of objects with complicated shapes that could not be produced using existing processes. It can be used to reduce waste and optimise material utilisation. The increasing popularity of additive manufacturing due to its low cost and capacity to eliminate manufacturing procedures like as cutting, bending, and casting will boost the expansion of the laser welding market in the coming years. Manufacturers are increasingly employing this strategy as an alternative to investing in various manufacturing processes to manufacture things in stages.
Market Opportunities
The industry is projected to profit from technological developments in laser welding techniques enabled by industrial automation. Furthermore, with the launch of new generation automobiles, the rising automotive sector is likely to provide new potential for market growth over the forecast period.
Market Restraints
The market is constrained by the costly acquisition and upkeep of laser welding equipment. Furthermore, the rapid cooling required by the laser welding process results in additional cracks in some metal parts, which is projected to restrain the market's expansion throughout the projection period.
Impact of Covid-19
The global spread of COVID-19 prompted governments to impose strict lockdowns and social distancing regulations in various economies in order to reduce the number of cases. Manufacturing facilities were closed, reducing capacity and disrupting supply lines. However, demand for laser welding machines increased during the pandemic due to increased use in the medical sector for COVID-19 diagnosis.
Market Segmentation
Segmentation By Technology: Global Laser Welding System Market is segmented into technology such as Fiber, Co2, and Solid-State. The fibre laser welding machine technology is anticipated to have the fastest growth among all the different types of technologies currently used in the global market for laser welding equipment.
Segmentation By End User: Global Laser Welding System Market is segmented into end user such as Automotive, Electronics, Medical, and Jewellery Industry.
Segmentation By Region: Global Laser Welding System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The global market for laser welding equipment is now led by the European regional sector. The market is projected to maintain its dominance in the following years of the forecast period due to ongoing technological advancements and an increase in infrastructure development projects in the area.
Market Key Players
Various key players are discussed in this report such as Huagong Laser Engineering Co., Ltd, Jenoptik AG, Wuhan Golden Laser Co, The Emerson Electric Co, TRUMPF Group, LaserStar Technologies Corporation, Shenzhen HeroLaser Equipment Co., Ltd, IPG Photonics Corporation, Amada Miyachi, and EMAG GmbH & Co. KG.
Industrial Development
• Emerson introduced the Branson GL-300 laser welder platform in July 2020, with the goal of producing a wider range of plastic components while maintaining product quality and performance.
Market Taxonomy
By Technology
• Fiber
• Co2
• Solid-State
By End-User
• Automotive
• Electronics
• Medical
• Jewellery Industry
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Laser Welding System Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Laser Welding System Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Laser Welding System Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Laser Welding System Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Laser Welding System Market Share Analysis, By Technology
5.3 Global Laser Welding System Market Size and Forecast, By Technology
5.3.1 Fiber
5.3.2 Co2
5.3.3 Solid-State
6 Global Laser Welding System Market, By End user
6.1 Y-o-Y Growth Comparison, By End user
6.2 Global Laser Welding System Market Share Analysis, By End user
6.3 Global Laser Welding System Market Size and Forecast, By End user
6.3.1 Automotive
6.3.2 Electronics
6.3.3 Medical
6.3.4 Jewellery Industry
7 Global Laser Welding System Market, By Region
7.1 Global Laser Welding System Market Share Analysis, By Region
7.2 Global Laser Welding System Market Share Analysis, By Region
7.3 Global Laser Welding System Market Size and Forecast, By Region
8 North America Laser Welding System Market Analysis and Forecast ( 2023 – 2030)
8.1 Introduction
8.2 North America Laser Welding System Market Share Analysis, By Technology
8.3 North America Laser Welding System Market Size and Forecast, By End user
8.4 North America Laser Welding System Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Laser Welding System Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 Europe Laser Welding System Market Share Analysis, By Technology
9.3 Europe Laser Welding System Market Size and Forecast, By End user
9.4 Europe Laser Welding System Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Laser Welding System Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Asia Pacific Laser Welding System Market Share Analysis, By Technology
10.3 Asia Pacific Laser Welding System Market Size and Forecast, By End user
10.4 Asia Pacific Laser Welding System Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Laser Welding System Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Latin America Laser Welding System Market Share Analysis, By Technology
11.3 Latin America Laser Welding System Market Size and Forecast, By End user
11.4 Latin America Laser Welding System Market Size and Forecast, By Country
12 Middle East Laser Welding System Market Analysis and Forecast 2023 – 2030)
12.1 Introduction
12.2 Middle East Laser Welding System Market Share Analysis, By Technology
12.3 Middle East Laser Welding System Market Size and Forecast, By End user
12.4 Middle East Laser Welding System Market Size and Forecast, By Country
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
15.1 Huagong Laser Engineering Co., Ltd
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Jenoptik AG
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Wuhan Golden Laser Co
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 The Emerson Electric Co
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 TRUMPF Group
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 LaserStar Technologies Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 EMAG GmbH & Co. KG.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
